Palatin Technologies of Cranbury, NJ, reported that its exchange listing compliance plan has been accepted by the New York Stock Exchange (NYSE).
Palatin received notice that it was not in compliance with listing requirements in December 2008. It presented its plan on January 23.
Palatin may be able to continue its listing on the exchange during the plan period through June 23, 2010, subject to periodic review to determine if Palatin is making progress consistent with the plan. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards could result in Palatin's shares being delisted, the company said.
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