— Palatin Technologies, Inc. (NYSE: PTN) reported a loss of $0.02 per share in the second quarter of 2020, vs $0.01 per share loss expected.
— Q2 revenue stood at $20,610, vs $2.54 million expected. The company had no revenues in the corresponding quarter of last year.
— Operating expenses rose to $5.7 million from to $5.1 million a year ago mainly due to the final payment in connection with the termination of agreement on Vyleesi with Greenhill & Co.
— Palatin is advancing discussions on Vyleesi collaborations for territories outside the currently licensed ones, and anticipates execution in calendar year 2020.
— PTN stock fell 14% on the announcement.
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