Key Takeaways from Palatin Technologies (NYSE:PTN) 3Q18 Earnings

Palatin Technologies

Palatin Technologies (NYSE:PTN) reported net loss for the third quarter of $ 0.74 million or $ 0.00 per share, compared to loss of $ 3.56 million or $ 0.02 per share for the year-ago quarter.

The topline results for the third quarter decreased 17% to $ 8.96 million from $ 10.82 million in the same quarter last year.

Analysts polled by Thomson Reuters expected Palatin Technologies to report loss of $ 0.04 per share for the third quarter.

The submission of this NDA represents a significant milestone for the bremelanotide clinical program and our efforts to develop a treatment for HSDD, said Carl Spana, Ph.D., CEO and President of Palatin Technologies.

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