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Palatin Technologies, Inc. Reports First Quarter Fiscal Year 2010 Results; Teleconference and Webcast to be held on November 16, 2009
Date:11/16/2009

of Operations (unaudited) Three Months Ended September 30, ------------------------------- 2009 2008 ---- ---- REVENUES $3,662,619 $753,846 ---------- -------- OPERATING EXPENSES: Research and development 2,669,564 3,657,999 General and administrative 1,153,731 1,456,848 --------- --------- Total operating expenses 3,823,295 5,114,847 --------- --------- Loss from operations (160,676) (4,361,001) -------- ---------- OTHER INCOME (EXPENSE): Investment income 33,312 82,980 Interest expense (4,701) (4,494) Gain on sale of supplies 95,000 - ------ ------ Total other income, net 123,611 78,486 ------- ------ NET LOSS $(37,065) $(4,282,515) ======== =========== Basic and diluted net loss per common share $(0.00) $(0.05) ======= ======= Weighted average number of common shares outstanding used in computing basic and diluted net loss per common share 91,306,223 85,524,316 ========== ==========

                           PALATIN TECHNOLOGIES, INC.
                             
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