Biospherics Inc.'s shares rose 11 percent yesterday after the company said late Monday it will sell its nonfattening sugar, D-tagatose, through distributors in Asia, southeast Asia and the southern Pacific region.
The Beltsville company's stock closed trading up 75 cents, at $7.50, on Nasdaq volume of 22,900 shares, compared with the six-month average daily volume of 3,900 shares.
The company said it will use initial profits from overseas sales of D-tagatose to pay for tests required for approval from the U.S. Food and Drug Administration.
Biospherics said D-tagatose is 92 percent as sweet as table sugar and can be directly substituted for in many food products.