NYSEARCA:PTN - American Stock Exchange - US6960775020 - Common Stock
PALATIN TECHNOLOGIES INC
NYSEARCA:PTN (1/21/2025, 8:22:13 PM)
After market: 1.12 +0.02 (+1.82%)1.1
+0.04 (+3.77%)
Industry Rank | Sector Rank | ||
---|---|---|---|
PM (TTM) | N/A | ||
ROA | -947.33% | ||
ROE | N/A | ||
Debt/Equity | N/A |
PTN stock results show that Palatin Techs missed analyst estimates for earnings per share the third quarter of 2024.
Palatin Technologies (PTN) stock plunged 40% Wednesday after the company said a Phase 3 pivotal study for its drug PL9643 failed to meet a co-primary endpoint. Read more here.
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Palatin Technologies, Inc. is a biopharmaceutical company, which engages in the development of medicines based on molecules that modulate the activity of the melanocortin receptor system. The company is headquartered in Cranbury, New Jersey and currently employs 30 full-time employees. The firm is engaged in developing medicines based on molecules that modulate the activity of the melanocortin receptor system. The Company’s product candidates are targeted, receptor-specific therapeutics for the treatment of diseases with unmet medical needs and commercial potential. Its new product development activities focus primarily on MC1r agonists, with the potential to treat inflammatory and autoimmune diseases, such as dry eye disease, which is also known as keratoconjunctivitis sicca, uveitis, diabetic retinopathy, and inflammatory bowel disease. The company is also developing peptides that are active at more than one melanocortin receptor, and MC4r peptide and small molecule agonists with potential utility in obesity and metabolic-related disorders, including rare disease and orphan indications. Its product candidates include PL9643 for dry eye disease and PL8177 for the treatment of ulcerative colitis.
PALATIN TECHNOLOGIES INC
4B Cedar Brook Drive
Cranbury NEW JERSEY 08512 US
CEO: Carl Spana
Employees: 30
Company Website: https://www.palatin.com/
Investor Relations: http://www.palatin.com/investors/overview/
Phone: 16094952200
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