$PTN: Palatin Technologies Announces Closing of Li
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Posted On: 02/03/2017 7:51:40 AM
$PTN: Palatin Technologies Announces Closing of License Agreement with AMAG Pharmaceuticals for North American Rights to Rekynda™
Will Also Report Second Quarter 2017 Results and Discuss Next Steps in its Development ProgramsTeleconference and Webcast to be held on February 9, 2017
CRANBURY, N.J., Feb. 3, 2017 /PRNewswire/ -- Palatin Technologies, Inc. (nyse mkt
TN) announced the closing of its license agreement with AMAG Pharmaceuticals, Inc. AMAG, -7.46% for exclusive North American rights to develop and commercialize Rekynda™ (bremelanotide), an investigational product designed for on-demand treatment of hypoactive sexual desire disorder (HSDD) in pre-menopausal women. Palatin received an initial payment of $60,000,000 under the license agreement.
"We are very pleased and excited to be working closely with AMAG to complete the activities required to support an NDA filing with the FDA," said Carl Spana, Ph.D., chief executive officer of Palatin Technologies. "We believe Rekynda will offer an important therapeutic alternative for pre-menopausal women suffering from HSDD and we are confident that AMAG's commercial capabilities and expertise will drive a successful approval and launch of Rekynda in early 2019."
Palatin will hold a conference call and audio webcast on Thursday, February 9, 2017 at 11:00 a.m. Eastern time to discuss its role in further development and regulatory approval of Rekynda. Management will also discuss anticipated next steps in Palatin's portfolio of drug development programs, including its melanocortin receptor1 agonist peptides for treatment of inflammatory and dermatologic disease indications, melanocortin receptor-4 agonist compounds for treatment of obesity and diabetes, and natriuretic peptide receptorA agonist compounds for treatment of cardiovascular and pulmonary indications. The call will also include a review of Palatin's operating results for its second fiscal quarter ended December 31, 2016. Palatin will release its second quarter operating results on Thursday, February 9, 2017, before the open of the U.S. Financial markets.
Conference Call / Audio Webcast
Individuals interested in listening to the conference call live can dial 1-800-500-0311 (US/Canada) or 1-719-457-2641 (International), conference ID 9389688. Individuals interested in listening to the live conference call via the internet may do so by logging on to the "Investor/Webcasts" section of Palatin's website at http://www.palatin.com.
Approximately one hour after the completion of the conference call, a telephone and audio webcast replay will be available through February 16, 2017. To access the telephone replay, dial 1-888-203-1112 (US/Canada) or 1-719-457-0820 (International), passcode 9389688.
http://www.marketwatch.com/story/palatin-tech...2017-02-03
Will Also Report Second Quarter 2017 Results and Discuss Next Steps in its Development ProgramsTeleconference and Webcast to be held on February 9, 2017
CRANBURY, N.J., Feb. 3, 2017 /PRNewswire/ -- Palatin Technologies, Inc. (nyse mkt
TN) announced the closing of its license agreement with AMAG Pharmaceuticals, Inc. AMAG, -7.46% for exclusive North American rights to develop and commercialize Rekynda™ (bremelanotide), an investigational product designed for on-demand treatment of hypoactive sexual desire disorder (HSDD) in pre-menopausal women. Palatin received an initial payment of $60,000,000 under the license agreement. "We are very pleased and excited to be working closely with AMAG to complete the activities required to support an NDA filing with the FDA," said Carl Spana, Ph.D., chief executive officer of Palatin Technologies. "We believe Rekynda will offer an important therapeutic alternative for pre-menopausal women suffering from HSDD and we are confident that AMAG's commercial capabilities and expertise will drive a successful approval and launch of Rekynda in early 2019."
Palatin will hold a conference call and audio webcast on Thursday, February 9, 2017 at 11:00 a.m. Eastern time to discuss its role in further development and regulatory approval of Rekynda. Management will also discuss anticipated next steps in Palatin's portfolio of drug development programs, including its melanocortin receptor1 agonist peptides for treatment of inflammatory and dermatologic disease indications, melanocortin receptor-4 agonist compounds for treatment of obesity and diabetes, and natriuretic peptide receptorA agonist compounds for treatment of cardiovascular and pulmonary indications. The call will also include a review of Palatin's operating results for its second fiscal quarter ended December 31, 2016. Palatin will release its second quarter operating results on Thursday, February 9, 2017, before the open of the U.S. Financial markets.
Conference Call / Audio Webcast
Individuals interested in listening to the conference call live can dial 1-800-500-0311 (US/Canada) or 1-719-457-2641 (International), conference ID 9389688. Individuals interested in listening to the live conference call via the internet may do so by logging on to the "Investor/Webcasts" section of Palatin's website at http://www.palatin.com.
Approximately one hour after the completion of the conference call, a telephone and audio webcast replay will be available through February 16, 2017. To access the telephone replay, dial 1-888-203-1112 (US/Canada) or 1-719-457-0820 (International), passcode 9389688.
http://www.marketwatch.com/story/palatin-tech...2017-02-03
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