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Palatin Technologies

palatin.com

Founded Year

1986

Stage

PIPE - III | IPO

Total Raised

$26.53M

Market Cap

0.05B

Stock Price

4.36

About Palatin Technologies

Palatin Technologies, Inc. (NYSE American: PTN) is a specialized biopharmaceutical company developing medicines based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems. Its product candidates are targeted, receptor-specific therapeutics for the treatment of diseases with significant unmet medical need and commercial potential.

Headquarters Location

4-B Cedar Brook Drive Cedar Brook Corporate Center

Cranbury, New Jersey, 08512,

United States

609-495-2200

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Expert Collections containing Palatin Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Palatin Technologies is included in 1 Expert Collection, including Biopharma Tech.

B

Biopharma Tech

15,535 items

Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Excludes vitamins/supplements, CROs/clinical trial services.

Palatin Technologies Patents

Palatin Technologies has filed 25 patents.

The 3 most popular patent topics include:

  • Peptides
  • G protein coupled receptors
  • Androgens and anabolic steroids
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/13/2020

3/29/2022

G protein coupled receptors, Clusters of differentiation, Peptides, Human proteins, Transcription factors

Grant

Application Date

7/13/2020

Grant Date

3/29/2022

Title

Related Topics

G protein coupled receptors, Clusters of differentiation, Peptides, Human proteins, Transcription factors

Status

Grant

Latest Palatin Technologies News

New Jersey-based biopharma startup Palatin Technologies raises USD 4.7 million in dilutive funding

Jan 20, 2023

New Jersey-based biopharma startup Palatin Technologies raises USD 4.7 million in dilutive funding By CRANBURY, New Jersey, January 18, 2023  — Palatin Technologies, Inc. (NYSE American: PTN), the biopharmaceutical company developing first-in-class medicines based on the fact that molecules that modulate the activity of the melanocortin receptor system, announced that it  has received approximately USD  4.7 million in non-dilutive funding from New Jersey’s Technology Business Tax Certificate Transfer Program, also known as the Net Operating Loss (NOL) Program. “We are thrilled to take advantage of the New Jersey NOL program, which allows us to turn some state operating losses into tangible working capital today,” said Palatin’s Chief Financial Officer and Chief Operating Officer, Stephen T. Wills. So far, we have received USD 18 million in non-dilutive funding under the NOL program. We are grateful to the NJ Economic Development Authority for assisting us as we continue to research medications for diverse diseases.” The NOL program allows qualifying New Jersey-based technology or biotechnology firms to sell their net operating losses to unrelated successful organizations. This enables eligible technology and biotechnology firms with NOLs to convert their tax losses and credits into cash flows to finance expansion and operations, including R&D. Palatin is a biopharmaceutical firm focused on creating first-in-class medications based on compounds that control the activity of melanocortin receptor systems, including receptor-specific product candidates for treating illnesses with considerable unmet medical needs and economic opportunity. Palatin’s business approach is to create goods and forge marketing partnerships with industry leaders to maximize their economic potential. They have only begun to tap into the efficacy of melanocortin pathways in treating patients after establishing themselves as the first FDA-approved melanocortin agent with Vyleesi® (bremelanotide injectable) for the treatment of Hypoactive Sexual Desire Disorder (HSDD) in premenopausal women. They are focusing on expanding their commercial platform in North America, assisting commercialization partners overseas, and re-licensing to committed partners in the United States and throughout the world. Their research and development arm expands on their demonstrated success in delivering melanocortin therapy from the lab to the market by leveraging their personal experience to move initiatives in ophthalmic and autoimmune illnesses through the clinical pipeline. We try our  best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know -if there are any discrepancies in any of our published stories, -how we can improve, -what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!

Palatin Technologies Frequently Asked Questions (FAQ)

  • When was Palatin Technologies founded?

    Palatin Technologies was founded in 1986.

  • Where is Palatin Technologies's headquarters?

    Palatin Technologies's headquarters is located at 4-B Cedar Brook Drive, Cranbury.

  • What is Palatin Technologies's latest funding round?

    Palatin Technologies's latest funding round is PIPE - III.

  • How much did Palatin Technologies raise?

    Palatin Technologies raised a total of $26.53M.

  • Who are the investors of Palatin Technologies?

    Investors of Palatin Technologies include RA Capital Management, ProMed Capital, Palo Alto Investors, Vivo Capital, Great Point Partners and 40 more.

  • Who are Palatin Technologies's competitors?

    Competitors of Palatin Technologies include Biolog, PPD, Vernalis, LeadScope, NGM Biopharmaceuticals and 11 more.

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