Contrast agent developer Palatin Technologies has raised $11.5 million through the private placement of securities to institutional and accredited investors. The Cranbury, NJ-based firm said it would use the proceeds primarily to advance the development of its LeuTech infection imaging agent and further development of its PT-141 drug for the treatment of male and female sexual dysfunction.
By AuntMinnie.com staff writersNovember 20, 2002
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Palatin’s revenues down, losses up in fiscal 2002, October 1, 2002
Palatin adds to war chest, August 2, 2002
Palatin, Mallinckrodt restructure deal, May 15, 2002
Palatin raises $11 million, November 12, 2001
LeuTech to be tested for anthrax detection utility, November 5, 2001
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