Palatin nets $22.7 million

AuntMinnie.com staff writers
Jan 29, 2004

Contrast agent developer Palatin Technologies has concluded an offering that raised approximately $22.7 million from sale of common stock and warrants to primarily institutional investors.

The proceeds will be used to continue development of the firm's PT-142 therapeutic candidate for treatment of male and female sexual dysfunction, its LeuTech monocolonal antibody for imaging and diagnosing infections, as well as for drug discovery efforts, and general corporate purposes, according to the Cranbury, NJ-based firm.

By AuntMinnie.com staff writers
January 30, 2004

Related Reading

Palatin raises $19 million, April 1, 2003

Palatin fattens coffers for research, November 20, 2002

Palatin’s revenues down, losses up in fiscal 2002, October 1, 2002

Palatin adds to war chest, August 2, 2002

Palatin, Mallinckrodt restructure deal, May 15, 2002

Copyright © 2004 AuntMinnie.com

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