Palatin Technologies, Inc. Announces Proposed Offering of Common Stock and Warrants

Palatin Technologies, Inc. (NYSE: PTN) today announced that it intends to offer and sell units consisting of shares of its common stock and warrants to purchase common stock in an underwritten public offering. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Roth Capital Partners is acting as sole book-running manager for the offering and Madison Williams and Company is acting as co-manager.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.