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Palatin Technologies, Inc. Reports Fiscal Year 2009 Third Quarter Results; Teleconference and Webcast to be held on May 15, 2009
Date:5/15/2009

document other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995. Palatin intends that such forward-looking statements be subject to the safe harbors created thereby. Palatin's actual results may differ materially from those discussed in the forward-looking statements for various reasons, including, but not limited to Palatin's ability to fund development of its technology, ability to establish and successfully complete clinical trials and pre-clinical studies and the results of those trials and studies, dependence on its partners for certain development activities, need for regulatory approvals and commercial acceptance of its products, ability to protect its intellectual property, and other factors discussed in Palatin's periodic filings with the Securities and Exchange Commission. Palatin is not responsible for updating for events that occur after the date of this press release.


                             PALATIN TECHNOLOGIES, INC.
                      Consolidated Statement of Operations Data
                                    (unaudited)

                              Three Months Ended        Nine Months Ended
                                   March 31,                March 31,
                               2009         2008        2009         2008
    REVENUES:
         Licenses and
          contracts         $5,159,453    $746,957   $7,124,704  $10,467,523

    OPERATING EXPENSES:
         Research and
          development        3,813,878   4,561,047   10,311,328   16,296,268
         General and
          Administrative     1,273,365   1,480,167    3,881,688    5,468,229
             Total operating
              Expenses       5,087,243   6,041,214   14,193,016   21,764,497

    Income/(loss) from
   
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SOURCE Palatin Technologies, Inc.
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