Palatin Technologies To Present At Two Investor Conferences In November 2005

CRANBURY, N.J., Oct. 31 /PRNewswire-FirstCall/ -- Palatin Technologies, Inc. today announced that it will present at the following investor conferences in November 2005:

CIBC World Markets 16th Annual Healthcare Conference

Carl Spana, Ph.D., President and Chief Executive Officer of Palatin Technologies, will present at 1:30 p.m. Eastern Time on Monday, November 7, 2005 at the Waldorf Astoria Hotel in New York City.

Rodman & Renshaw Techvest 7th Annual Healthcare Conference

Carl Spana, Ph.D., President and Chief Executive Officer of Palatin Technologies, will present at 8:00 a.m. Eastern Time on Wednesday, November 9, 2005 at the Palace Hotel in New York City.

Dr. Spana will provide an update on the Company's commercial and development programs. To access the live audio webcast or the subsequent archived recording, log onto http://www.palatin.com.

About Palatin Technologies, Inc.

Palatin Technologies, Inc. is a biopharmaceutical company developing melanocortin-based therapeutics. The Company has one product (NeutroSpec(TM)) on the market and a pipeline of product candidates in development. 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 the product's commercial potential. To date, the Company has formed partnerships with Mallinckrodt, a subsidiary of Tyco Healthcare, and King Pharmaceuticals. For additional information regarding Palatin, please visit Palatin Technologies' website at http://www.palatin.com.

Any statements contained in this press release that refers to future events or other non-historical matters are forward-looking statements. Palatin disclaims any intent or obligation to update any forward-looking statements. Such statements are based on Palatin's expectations as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ materially. Important factors that could cause actual results to differ from current expectations include, among others: the inherent uncertainty associated with financial projections; and such risks and uncertainties as detailed from time to time in Palatin's public filings with the U.S. Securities and Exchange Commission, including but not limited to, Palatin's Annual Report on Form 10-K for the year ended June 30, 2005 and its Quarterly Reports on Form 10-Q for the quarterly periods ended September 30, 2004, December 31, 2004 and March 31, 2005.

Palatin Technologies, Inc.

CONTACT: Stephen T. Wills, CPA, MST, EVP-Operations, Chief FinancialOfficer of Palatin Technologies, +1-609-495-2200, info@palatin.com; orCarney Duntsch (Media), +1-212-213-0006, cduntsch@burnsmc.com, or LauraSiino (Investors), +1-212-213-0006, lsiino@burnsmc.com, both of BurnsMcClellan

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