Palatin Technologies Inc. (NYSE American:PTN) traded at a new 52-week high today of $1.30. This new high was reached on above average trading volume as 13.6 million shares traded hands, while the average 30-day volume is approximately 7.8 million shares.
Based on a current price of $1.12, Palatin Technologies Inc. is currently 10.7% above its average consensus analyst price target of $1.00.
Palatin Technologies Inc. share prices have moved between a 52-week high of $1.30 and a 52-week low of $0.35 and are now trading 215% above that low price at $1.12 per share.
Palatin Technologies Inc is a part of the healthcare sector. The company is engaged in developing targeted, receptor-specific peptide therapeutics for the treatment of diseases with significant unmet medical need and commercial potential. Its programs are based on molecules that modulate the activity of the melanocortin and natriuretic peptide receptor systems. Its main product in clinical development is bremelanotide, which treats hypoactive sexual desire disorder, which is a type of female sexual dysfunction.
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