Palatin posts mixed Q1 numbers

AuntMinnie.com staff writers
Nov 7, 2005

Contrast agent developer Palatin Technologies reported that increased R&D costs increased the company's net loss in its first fiscal quarter (end-September 30).

Revenues totaled $5.1 million, compared with $4.5 million for the same quarter of 2004. Palatin reported a net loss of $6 million, compared with a net loss of $3 million in the same quarter a year ago.

The Cranbury, NJ, company also noted that lower license fees from marketing partner Mallinckrodt of Hazelwood, MO, related to NeutroSpec, the company's product for imaging and diagnosing equivocal appendicitis, as another reason for the quarterly net loss.

By AuntMinnie.com staff writers
November 8, 2005

Related Reading

Mallinckrodt, Palatin extend partnership, June 6, 2005

Palatin reports higher sales, lower net loss, May 10, 2005

Palatin nets Medicare reimbursement code, January 24, 2005

Palatin receives milestone payment, August 6, 2004

Mallinckrodt, Palatin get FDA approval, July 6, 2004

Copyright © 2005 AuntMinnie.com

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