Today, a Director at Palatin Technologies (PTN), Arlene Morris, bought shares of PTN for $8,160.
This recent transaction increases Arlene Morris’ holding in the company by 4.37% to a total of $199.4K. In addition to Arlene Morris, 3 other PTN executives reported Buy trades in the last month.
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PTN’s market cap is $163M and the company has a P/E ratio of 20.86. Currently, Palatin Technologies has an average volume of 649.3K.
Starting in November 2017, PTN received 9 Buy ratings in a row.
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Palatin Technologies, Inc. is a biopharmaceutical company which engages in the development of medicines based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems. Its primary product candidate is marketed under the Vyleesi brand, the trade name for bremelanotide, a peptide melanocortin receptor 4 agonist for the treatment of premenopausal women with acquired, generalized, hypoactive sexual desire disorder. The company was founded by Carl Spana and John K. A. Prendergast on November 21, 1986 and is headquartered in Cranbury, NJ.
