Clinical TrialsThe completion of the database lock for the Phase 2 BMT-801 trial evaluating bremelanotide with tirzepatide for obesity is expected to provide critical data for Palatin as it shifts its focus to the obesity space.
Strategic FocusPalatin's strategic focus has shifted primarily to its obesity program, which management views as the primary driver of long-term success.
ValuationThe valuation of Palatin's stock appears attractive based on the initial addressable market size, supporting the Buy rating and price target.