Successful Collaboration with Boehringer Ingelheim
Palatin executed a research collaboration, license, and patent assignment agreement with Boehringer Ingelheim for the treatment of retinal diseases, receiving an upfront payment of approximately $2.3 million and achieving a research milestone of approximately $6.5 million.
Resumption of NYSE American Listing
Palatin's common stock resumed trading on the NYSE American under the symbol PTN after closing an upsized $18.2 million underwritten public offering.
Significant Revenue Increase
Palatin recognized approximately $8.8 million in collaboration license revenue for the quarter ended September 30, 2025, compared to $0 for the comparable quarter last year, primarily due to the Boehringer Ingelheim agreement.
Net Income Achieved
Palatin reported net income of $4.7 million for the quarter ended September 30, 2025, compared to a net loss of $7.8 million for the comparable quarter last year.
R&D Focus on Melanocortin-4 Receptor Agents
Palatin is developing selective melanocortin-4 receptor agents for obesity treatment, with plans for investigational new drug application filings and clinical studies in 2026.