Palatin Technologies falls on bigger-than-expected Q3 loss

Palatin Technologies

16/05/2023 16:20

** Shares of specialty drugmaker Palatin Technologies Inc
 PTN.A  down 1.5% at $2.55
    ** Co reports Q3 loss of 63 cents per share vs analysts'
ests of loss of 39 cents per share, as per Refinitiv data
    ** Posts cash and cash equivalents of about $19.6 mln as of
March 31, 2023; says sufficient to fund expected operating
expenses through calendar year 2023
    ** PTN stock down ~1% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))