Palatin Technologies To Report First Quarter, Fiscal Year 2006 Financial Results; Teleconference And Webcast On November 8th

CRANBURY, N.J., Nov. 3 /PRNewswire-FirstCall/ -- Palatin Technologies, Inc. will announce its first quarter fiscal year 2006 financial results for the period ended September 30, 2005, on November 8, 2005.

The financial results announcement will be followed by a conference call and webcast held by Palatin’s President and Chief Executive Officer, Dr. Carl Spana, and Stephen T. Wills, Chief Financial Officer. Management will discuss the first quarter financial results for fiscal year 2006 and provide an update on corporate developments.

Schedule for the Financial Results Press Release & Conference Call/Webcast -- Q1-Fiscal Year 2006, Financial Results Press Release 11/8/2005 at 7:30 a.m. EST -- Q1-Fiscal Year 2006 Conference Call - Live 11/8/2005 at 10:00 a.m. EST Domestic Dial-In Number 1-877-704-5378 International Dial-In Number 1-913-312-1292 -- Q1-Fiscal Year 2006 Conference Call - Replay 11/8-11/21/2005 Domestic Dial-In Number 1-888-203-1112 International Dial-In Number 1-719-457-0820 Enter Pass Code I.D. # 3716924 -- Webcast Live and Replay Access 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 refer 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: Palatin Technologies: Stephen T. Wills, CPA, MST, EVP-Operations, Chief Financial Officer, +1-609-495-2200, info@palatin.com; orBurns McClellan: Carney Duntsch (Media), +1-212-213-0006,cduntsch@burnsmc.com, or Laura Siino (Investors), +1-212-213-0006,lsiino@burnsmc.com, for Palatin Technologies

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