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Jun 30, 2021
Palatin Technologies Q4 2021 Earnings Report
Palatin Technologies reported results for the fourth quarter and fiscal year ended June 30, 2021.
Key Takeaways
Palatin Technologies reported a net loss of $13.9 million for the quarter ended June 30, 2021. The company's cash and cash equivalents were $60.1 million as of June 30, 2021, providing a cash runway through calendar year 2022.
Phase 3 pivotal study of PL9643 in patients with dry eye disease is expected to start next quarter, with top-line results expected in the second half of calendar year 2022.
Phase 2 clinical study of PL8177 in patients with ulcerative colitis is expected to start next quarter, with top-line results expected in the second half of calendar year 2022.
Cash and cash equivalents were $60.1 million at June 30, 2021, projecting a cash runway through calendar year 2022.
Vyleesi gross sales for the quarter amounted to $1.2 million with net product revenue of $80,504.
Forward Guidance
Palatin Technologies believes that existing cash and cash equivalents will be sufficient to fund currently anticipated operating expenses through the end of calendar year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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