Palatin Technologies to Report Third Quarter, Fiscal Year 2008 Financial Results; Teleconference and Webcast on May 13th

CRANBURY, N.J., May 8 /PRNewswire-FirstCall/ -- Palatin Technologies, Inc. AMEX: PTN will announce its third quarter, fiscal year 2008 financial results for the period ended March 31, 2008 before the open of the U.S. financial markets on May 13, 2008.

The Company will also conduct a teleconference and live audio webcast hosted by Palatin's executive management team on May 13, 2008 at which they will discuss the results of operations in greater detail and provide an update on corporate developments.

    Conference Call / Webcast

    -- Q3-Fiscal Year 2008
        Conference Call - Live               5/13/2008 at 11:00 a.m. ET

       Domestic Dial-In Number               1-888-221-3884
       International Dial-In Number          1-913-312-1433

    -- Q3-Fiscal Year 2008
        Conference Call - Replay             5/13-5/20/2008

       Domestic Dial-In Number               1-888-203-1112
       International Dial-In Number          1-719-457-0820
       Replay Passcode:                      1346503

    -- Webcast Live and Replay Access        http://www.palatin.com

       The webcast and replay can be accessed by logging on to the "Investor
       Center-Webcasts" section of Palatin's website at
       http://www.palatin.com.

About Palatin Technologies, Inc.

Palatin Technologies, Inc. is a biopharmaceutical company focused on discovering and developing targeted, receptor-specific small molecule and peptide therapeutics. The Company's internal research and development capabilities, anchored by its proprietary MIDAS(TM) technology, are fueling product development. Palatin's strategy is to develop products and then form marketing collaborations with industry leaders in order to maximize their commercial potential. The Company currently has collaborations with AstraZeneca and the Mallinckrodt division of Covidien. For additional information regarding Palatin, please visit Palatin Technologies' website at http://www.palatin.com.