Palatin Tech Stock Price, News & Analysis

PTNT NYSE

Welcome to our dedicated page for Palatin Tech news (Ticker: PTNT), a resource for investors and traders seeking the latest updates and insights on Palatin Tech stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Palatin Tech's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Palatin Tech's position in the market.

05/09/2025 07:30 AM

News

Palatin Presents Promising Preclinical Data on Melanocortin Agonists for Retinopathy at ARVO 2025

Rhea-AI Summary

Palatin Technologies (OTC PINK: PTNT) presented new preclinical data for its melanocortin agonists PL9654 and PL9655 at ARVO 2025, demonstrating promising results for treating diabetic retinopathy (DR). The compounds showed effectiveness in resolving inflammation, stabilizing blood-retinal barriers, reducing VEGF signaling, and protecting retinal ganglion cells. Key findings include vision preservation, inflammation control, retinal protection, and anti-angiogenic properties. Both compounds demonstrated efficacy through multiple administration routes, including topical delivery. This research is particularly significant as DR affects up to 80% of long-term diabetes patients, with CDC projecting U.S. cases to triple from 5.5 million in 2025 to 16 million by 2050. The melanocortin receptor system's role in regulating inflammation and tissue repair makes these compounds promising candidates for treating ocular diseases.

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Palatin Technologies Announces Closing of Reduced Public Offering

Rhea-AI Summary

Palatin Technologies (OTC PINK: PTNT) has closed a reduced public offering, raising approximately $1.1 million through the sale of 7,324,119 shares of common stock at $0.15 per share, along with three series of warrants. The offering includes Series F warrants ($0.30 exercise price, 5-year expiry), Series G warrants ($0.15 exercise price, 24-month expiry), and Series H warrants ($0.225 exercise price, 24-month expiry from issuance). The company has transitioned to trading on the OTC Pink market and plans to use the proceeds for working capital and general corporate purposes. A.G.P./Alliance Global Partners led the placement, with Laidlaw & Company as co-placement agent.

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Palatin Presents Breakthrough Symptom Resolution Data from Phase 3 PL9643 MELODY-1 Clinical Trial in Dry Eye Disease at ARVO 2025

Rhea-AI Summary

Palatin Technologies (OTC PINK: PTNT) presented breakthrough data from its Phase 3 MELODY-1 trial of PL9643 for Dry Eye Disease (DED) at ARVO 2025. The study demonstrated complete symptom resolution across multiple endpoints, with 6 of 13 symptom endpoints reaching statistical significance (p<0.05). PL9643 showed rapid onset of action starting at week 2 and continued improvement through week 12. The drug was well-tolerated with adverse event rates comparable to or better than vehicle. The DED market is projected to grow from $6.1 billion in 2024 to $7.5 billion by 2029. Following MELODY-1's success, Palatin plans two additional Phase 3 studies (MELODY-2 and MELODY-3), pending partnership and funding, with enrollment potentially starting in H2 2025 and topline data expected in H2 2026.

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NYSE:PTNT

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PTNT Stock Data

Float 25.32M