Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Biopharma Co. Shows Large Potential Return

Source: Dr. Joseph Pantginis


October 24, 2022 ( Newswire) Palatin Technologies Inc.'s third-party clinical trial of Vyleesi in women with hypoactive sexual desire disorder was just published in the Journal of Clinical Investigation, and the biopharma offers investors significant potential return, noted an H.C. Wainwright & Co. report.

Results of a third-party clinical trial of Palatin Technologies Inc. (PTN:NYSE.MKT) Vyleesi in women with hypoactive sexual desire disorder (HSDD) was just published in a Journal of Clinical Investigation peer-reviewed article, reported H.C. Wainwright & Co. analyst Dr. Joseph Pantginis in an October 17, 2022 research note.

The data were positive, and the drug's effects were captured on functional magnetic resonance imaging (fMRI).

Also of note, Palatin's stock is trading at $4.51 per share, whereas H.C. Wainwright's target price on the company is dramatically higher, at $70 per share, Pantginis pointed out. This difference, "driven by the new very low share count," implies a large potential return for Palatin investors.

The newly published study of Palatin's Vyleesi showed on fMR that it enhanced sexual brain function. Effects included a statistically significant increase in sexual desire and processing that lasted up to 24 hours, compared to placebo (p≤0.01), Pantginis relayed.

Palatin's Vyleesi (bremelanotide injection) is the first and only p.r.n. treatment approved by the U.S. Food and Drug Administration (FDA) for premenopausal women with HSDD.

"These data are tied to fMRI data for the first time on women with HSDD using a melanocortin-4 receptor (MCR4) agonism approach," Pantginis wrote.

He noted that H.C. Wainwright is waiting to hear about a commercialization plan for Vyleesi, possibly involving a partnership, before including the drug in its valuation of Palatin. Even though the biopharma is not marketing Vyleesi, sales of it are increasing. For instance, noted Pantginis, sales in the recent quarter were up 17% over the previous quarter, and more than half of the prescriptions were refills.

Meanwhile, Palatin continues advancing the other drug candidates in its pipeline.

"There has been a significant increase by New Jersey-based Palatin to advance the novel approaches and robustness of the melanocortin receptor [agonist] (MCR) platform for the treatment of inflammation across several indications," Pantginis wrote.

As for the next viable candidate from the platform, PL9643, a Phase 3 clinical trial in 350 patients with dry eye disease, is moving forward. The primary endpoints for MELODY-1 include inferior corneal fluorescein staining, total conjunctival lissamine green staining, and ocular discomfort. Topline results are expected in Q2/23.

"We continue to believe, along with company management, that the trial's adaptive design allows for key derisking and increases its chances of achieving primary endpoints," wrote Pantginis.

As for another of Palatin's pipeline treatments, PL8177, a melanocortin-1 receptor agonist, recruitment has started for a Phase 2 study in ulcerative colitis. Up to 28 patients at about 22 sites are expected to be enrolled. The trial's primary endpoint includes the Mayo endoscopic subscore that evaluates patients' stages of the disease. Interim study results are expected in Q1/23, with topline data following in Q2/23.

H.C. Wainwright rates Palatin Buy.


1) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: None. Please click here for more information.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

6) This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

Disclosures For H.C.Wainwright & Co., Palatin Technologies Inc., October 17, 2022

H.C. Wainwright & Co, LLC (the "Firm") is a member of FINRA and SIPC and a registered U.S. Broker-Dealer.

I, Joseph Pantginis, Ph.D. , certify that 1) all of the views expressed in this report accurately reflect my personal views about any and all subject securities or issuers discussed; and 2) no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report; and 3) neither myself nor any members of my household is an officer, director or advisory board member of these companies.

The covering research analyst and/or the research analyst's household has a financial interest in and own the securities of Palatin Technologies, Inc. (including, without limitation, any option, right, warrant, future, long or short position). As of September 30, 2022 neither the Firm nor its affiliates beneficially own 1% or more of any class of common equity securities of Palatin Technologies, Inc..

Neither the research analyst nor the Firm knows or has reason to know of any other material conflict of interest at the time of publication of this research report. The research analyst principally responsible for preparation of the report does not receive compensation that is based upon any specific investment banking services or transaction but is compensated based on factors including total revenue and profitability of the Firm, a substantial portion of which is derived from investment banking services.

The firm or its affiliates received compensation from Palatin Technologies, Inc. for non-investment banking services in the previous 12 months. The Firm or its affiliates did not receive compensation from Palatin Technologies, Inc. for investment banking services within twelve months before, but will seek compensation from the companies mentioned in this report for investment banking services within three months following publication of the research report.

The Firm does not make a market in Palatin Technologies, Inc. as of the date of this research report. The securities of the company discussed in this report may be unsuitable for investors depending on their specific investment objectives and financial position. Past performance is no guarantee of future results. This report is offered for informational purposes only, and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such would be prohibited. This research report is not intended to provide tax advice or to be used to provide tax advice to any person. Electronic versions of H.C. Wainwright & Co., LLC research reports are made available to all clients simultaneously. No part of this report may be reproduced in any form without the expressed permission of H.C. Wainwright & Co., LLC. Additional information available upon request.

H.C. Wainwright & Co., LLC does not provide individually tailored investment advice in research reports. This research report is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment strategies discussed or recommended in this research report.

H.C. Wainwright & Co., LLC's and its affiliates' salespeople, traders, and other professionals may provide oral or written market commentary or trading strategies that reflect opinions that are contrary to the opinions expressed in this research report. H.C. Wainwright & Co., LLC and its affiliates, officers, directors, and employees, excluding its analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives (including options and warrants) thereof of covered companies referred to in this research report.

The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data on the company, industry or security discussed in the report. All opinions and estimates included in this report constitute the analyst's judgment as of the date of this report and are subject to change without notice.

Securities and other financial instruments discussed in this research report: may lose value; are not insured by the Federal Deposit Insurance Corporation; and are subject to investment risks, including possible loss of the principal amount invested.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More - A Leading Global Investor Website for Biotech Industry Stocks - investing ideas in biotechnology stocks, medical technology and life sciences

Like Biotech Stocks? View our Biotech Stocks Directory

Get News Alerts on Biotech Stocks

Buy a biotech guest post on