<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
---------------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
BioSepra Inc.
-------------
(Name of Issuer)
Common Stock,$.01 par value per share
-------------------------------------
(Title of Class of Securities)
09066V 10 3
-----------
(CUSIP Number)
<PAGE> 2
SCHEDULE 13G
CUSIP No. 09066V 10 3 Page 2 of 7
-----------
- ----------------------------------------------------------------------------
1. Name of Reporting Persons
S.S. or I.R.S. Identification Number of Above Persons
Sepracor Inc.
22-2536587
- ----------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group - Not Applicable
- ----------------------------------------------------------------------------
3. SEC Use Only
- ----------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
- ----------------------------------------------------------------------------
Number of Shares Beneficially Owned By Each Reporting Person With;
5. Sole Voting Power
5,369,788 Shares
- ----------------------------------------------------------------------------
6. Shared Voting Power
0 Shares
- ----------------------------------------------------------------------------
7. Sole Dispositive Power
5,369,788 Shares
<PAGE> 3
CUSIP No. 09066V 10 3 Page 3 of 7
-----------
- ----------------------------------------------------------------------------
8. Shared Dispositive Power
0 Shares
- ----------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person.
5,369,788 Shares
- ----------------------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares.
Not Applicable
- ----------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row 9.
63.8%
- ----------------------------------------------------------------------------
12. Type of Reporting Person.
CO
- ----------------------------------------------------------------------------
<PAGE> 4
CUSIP No. 09066V 10 3 Page 4 of 7
-----------
SCHEDULE 13G
Item 1(a). Name of Issuer:
- ---------------------------
BioSepra Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
- ------------------------------------------------------------
111 Locke Drive
Marlborough, MA 01752
Item 2(a). Name of Person Filing:
- ----------------------------------
Sepracor Inc.
Item 2(b). Address of
Principal Business Office or, if None, Residence:
- -------------------------------------------------
111 Locke Drive
Marlborough, MA 01752
Item 2(c). Citizenship:
- ------------------------
Delaware
Item 2(d). Title of Class of Securities:
- -----------------------------------------
Common Stock, $.01 par value per share
Item 2(e). CUSIP Number:
- -------------------------
09066V 10 3
Item 3:
- -------
Not Applicable
<PAGE> 5
CUSIP No. 09066V 10 3 Page 5 of 7
-----------
Item 4. Ownership:
- -------------------
(a) Amount Beneficially Owned:
5,369,788 Shares
(b) Percent of Class:
63.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
5,369,788 Shares;
(ii) shared power to vote or to direct the vote:
0 Shares;
(iii) sole power to dispose or to direct the
disposition of:
5,369,788 Shares;
(iv) shared power to dispose or to direct the
disposition of:
0 Shares.
Item 5. Ownership of Five Percent or Less of a Class:
- ------------------------------------------------------
Not Applicable
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
- -------------------------------------------------------------------------
Not Applicable
<PAGE> 6
CUSIP No. 09066V 10 3 Page 6 of 7
-----------
Item 7. Identification and Classification of the Subsidiary which Acquired the
Security Being Reported by the Parent Holding Company:
- -------------------------------------------------------------------------------
Not Applicable
Item 8. Identification and Classification
of Members of the Group:
- ------------------------------------------
Not Applicable
Item 9. Notice of Dissolution of Group:
- ----------------------------------------
Not Applicable
Item 10. Certification:
- ------------------------
Not Applicable
<PAGE> 7
CUSIP No. 09066V 10 3 Page 7 of 7
-----------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
February 10, 1997
---------------------------
Date
SEPRACOR INC.
By:/s/ David P. Southwell
----------------------
David P. Southwell
Chief Financial Officer
