CRANBURY, N.J., Sept. 13 /PRNewswire-FirstCall/ -- Palatin Technologies, Inc. (Amex: PTN - News) announced today results for its fourth quarter and fiscal year ended June 30, 2006. Palatin reported a net loss of $7.9 million, or ($0.11) per basic and diluted share, for the quarter ended June 30, 2006, compared to a net loss of $5.1 million, or ($0.09) per basic and diluted share, for the same period in 2005. Total revenues in the quarter ended June 30, 2006 were $5.0 million, compared to $5.8 million for the same period in 2005. As of June 30, 2006, the Company had cash, cash equivalents and investments totaling $30.7 million.
