Palatin receives milestone payment

AuntMinnie.com staff writers

Aug 5, 2004

Contrast agent developer Palatin Technologies said it has received a $2 million milestone payment from its partner Mallinckrodt Imaging, following the recent Food and Drug Administration clearance of Palatin's NeutroSpec agent.

NeutroSpec was cleared for the diagnosis of appendicitis in patients with equivocal signs, according to the Cranbury, NY-based firm. With the commercialization of NeutroSpec, Palatin will receive revenues from product sales for the first time this quarter.

By AuntMinnie.com staff writers
August 6, 2004

Related Reading

Mallinckrodt, Palatin get FDA approval, July 6, 2004

Palatin nets $22.7 million, January 30, 2004

Palatin raises $19 million, April 1, 2003

Mallinckrodt gets FDA nod for MR contrast power injection, March 18, 2003

Copyright © 2004 AuntMinnie.com

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