BUZZ-Palatin Technologies down after launching stock sale
ReutersFeb 12, 2025 2:41 PM
Shares of Delaware-based drug developer Palatin Technologies PTN.A down 11% to 89 cents
Co, which develops treatments of diseases such as autoimmune and dry eye diseases, launches stock offering
PTNA to sell up to $6 million common shares through Alliance Global Partners acting as its sales agent
Co has ~26.01 mln shares outstanding for a roughly $26 mln market value and ~18.9 mln shares of public float - LSEG
Avg rating among 2 analysts is "buy" with $17 median PT - LSEG
In the last 12 months, stock has fallen 50.7%
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