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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

628,553 484,362 Total current assets 12,192,034 13,264,650 Property and equipment, net 4,013,934 5,128,076 Restricted cash 475,000 475,000 Other assets 252,796 257,198 Total assets $16,933,764 $19,124,924 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Capital lease obligations, current portion $141,808 $263,128 Accounts payable 198,344 635,183 Accrued expenses 1,990,462 1,666,628 Accrued compensation - 767,509 Deferred revenue, current portion 5,500,001 1,666,669 Total current liabilities 7,830,615 4,999,117 Capital lease obligations, net of current portion 38,563 121,629 Deferred rent, net of current portion 1,183,340 1,479,794 Deferred revenue, net of current portion 4,722,218 5,972,220 Total liabilities 13,774,736 12,572,760 Stockholders' equity: Preferred stock of $.01 par value - authorized 10,000,000 shares; Series A Convertible; issued and outstanding 4,997 shares as of March 31, 2009 and June 30, 2008 50 50 Common stock of $.01 par value - authorized 150,000,000 shares; issued and outstanding 86,662,901 and 85,524,077 shares as of March 31, 2009 and June 30, 2008, respectively 866,629 855,241 Additional paid-in capital 209,389,927 208,247,194
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