Aug 6, 2019   SOURCE: PR NewsWire

Palatin Technologies To Present At Canaccord Genuity's 39th Annual Growth Conference

CRANBURY, N.J., Aug. 6, 2019 /PRNewswire/ -- Palatin Technologies, Inc. (NYSE American: PTN) announced today that it will be presenting at Canaccord Genuity's 39(th) Annual Growth Conference on Wednesday, August 7, 2019, at 10:30 am ET. The conference will be held at the InterContinental Hotel in Boston, MA.

Carl Spana, Ph.D., President and Chief Executive Officer of Palatin Technologies, will provide an update on Palatin's corporate and development programs, including:


    --  Hypoactive Sexual Desire Disorder / Vyleesi(TM) (bremelanotide
        injection)
        --  On June 21, 2019, the U.S. Food and Drug Administration (FDA)
            granted marketing approval of AMAG Pharmaceuticals, Inc's New Drug
            Application (NDA) for Vyleesi, a melanocortin receptor agonist
            developed by Palatin, indicated for the treatment of acquired,
            generalized hypoactive sexual desire disorder (HSDD) in
            premenopausal women. The Vyleesi autoinjector is the first treatment
            for this patient population that can be self-administered as needed
            in anticipation of sexual activity.
        --  The FDA's approval of the NDA triggered a $60 million milestone
            payment to Palatin (received July 2019) under its North American
            license agreement with AMAG.
        --  AMAG is expected to launch Vyleesi nationally in September 2019.
        --  Discussions with multiple parties on potential commercial
            partnerships for territories outside North America, China and South
            Korea are advancing.
    --  Melanocortin Anti-Inflammatory / Autoimmune Programs under development
        for the treatment of inflammatory and autoimmune diseases such as dry
        eye, uveitis, diabetic retinopathy and inflammatory bowel diseases
        (ulcerative colitis)
        --  A Phase 2 proof-of-concept clinical study for PL-8177 with a
            systemic formulation in NIU patients is anticipated to commence in
            the first quarter of calendar year 2020.
        --  A Phase 2 proof-of-concept clinical study for PL-8177 with an oral
            formulation in ulcerative colitis patients is anticipated to
            commence in the first quarter of calendar year 2020.
        --  A Phase 2 clinical study for PL-9643 in dry eye disease is currently
            anticipated to commence in the first quarter of calendar year 2020.
            A recently completed Type B pre-IND (Investigational New Drug)
            meeting with the FDA established the development pathway for
            activities, including CMC, non-clinical studies and clinical
            studies, required for an NDA (New Drug Application) submission.
    --  Cash and cash equivalents at June 30, 2019, on a pro forma basis, which
        includes the $60 million milestone payment by exclusive North American
        licensee, AMAG Pharmaceuticals, Inc., is approximately $102 million
        dollars.

About Palatin Technologies, Inc.
Palatin Technologies, Inc. is a biopharmaceutical company developing targeted, receptor-specific peptide therapeutics for the treatment of diseases and conditions with significant unmet medical need and commercial potential. Palatin's strategy is to develop products and then form marketing collaborations with industry leaders in order to maximize their commercial potential. For additional information regarding Palatin, please visit Palatin's website at www.Palatin.com.

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SOURCE Palatin Technologies, Inc.