PTNTD Stock: Understanding Palatin Technologies' Reverse Split
PTNTD Stock: An Overview of Palatin Technologies, Inc.
PTNTD stock is the temporary ticker symbol assigned to Palatin Technologies, Inc., a biopharmaceutical company based in the United States. In the equity markets, the addition of the letter "D" to a four-letter ticker symbol signifies that the company has recently undergone a reverse stock split. This designation is temporary, typically lasting for 20 trading days before the symbol reverts to its original form, which in this case is PTN.
Palatin Technologies specializes in developing first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor system. Their primary focus includes targeted therapies for inflammatory diseases, obesity, and other conditions with significant unmet medical needs. As of August 2025, the transition to the PTNTD ticker marks a critical phase in the company's corporate restructuring and efforts to maintain exchange compliance.
The 2025 Reverse Stock Split and Ticker Change
According to an official press release from Palatin Technologies, the company executed a 1-for-50 reverse stock split effective August 8, 2025. The primary objective of this action was to increase the per-share trading price of its common stock to regain compliance with the minimum bid price requirements of the NYSE American exchange.
Under the terms of the split, every 50 shares of issued and outstanding common stock were automatically combined into one share. This reduced the total shares outstanding from approximately 48.5 million to roughly 970,000. While the reverse split increases the price per share, it does not change the company's overall market capitalization or a shareholder's proportional ownership, excluding minor adjustments for fractional shares.
Market Listing and Trading Performance
Following the structural changes in August 2025, PTNTD stock transitioned from the NYSE American to the OTCQB Venture Market. This move is often seen in clinical-stage biotech firms as they manage regulatory requirements and capital structures. Data from market reports indicate a significant price adjustment following the split; for instance, while the stock may have traded in the "penny stock" range previously, the split-adjusted price reflected a new baseline around $8.75 per share.
The 52-week trading range for the stock, when adjusted for the split, shows extreme volatility, spanning from $1.75 to $86.00. As of mid-August 2025, the market capitalization for Palatin Technologies is estimated between $8.43 million and $9.8 million, highlighting its status as a micro-cap entity in the pharmaceutical sector.
Corporate Background and Clinical Pipeline
Palatin Technologies operates at the intersection of advanced biology and pharmacology. Their research focuses on the melanocortin system, which plays a vital role in regulating inflammation and metabolic functions. Key developments in their pipeline include:
- PL9643: A melanocortin agonist currently in development for the treatment of dry eye disease.
- Obesity Programs: Research into oral melanocortin receptor agonists that could potentially offer alternatives to current injectable weight-loss medications.
- Inflammatory Disease: Therapeutic candidates targeting various systemic inflammatory conditions.
The company often enters into strategic partnerships to fund these capital-intensive trials. A notable example includes their collaboration with Boehringer Ingelheim, which focuses on developing new treatments for obesity by leveraging Palatin’s expertise in melanocortin receptor ligands.
Financial Health and Investment Considerations
As a clinical-stage biopharmaceutical firm, Palatin Technologies' financial reports typically show net losses, which is standard for companies heavily invested in Research and Development (R&D). Recent financial statements highlight high operating expenses linked to late-stage clinical trials. Investors monitoring PTNTD stock should be aware of the risks inherent in the biotech industry, including regulatory hurdles from the FDA and the possibility of clinical trial failures.
Key Financial Metrics
As of the post-split period in August 2025, the following metrics are essential for analysis:
- Shares Outstanding: Approximately 970,000 shares.
- P/E Ratio: Often not applicable (N/A) due to lack of positive earnings.
- Dividend Policy: The company does not currently pay dividends, reinvesting all capital into clinical development.
Frequently Asked Questions (FAQ)
What happened to my PTN shares?
If you held PTN shares before August 8, 2025, they were automatically converted to PTNTD shares at a ratio of 1-for-50. Your broker usually handles this transition automatically.
When will PTNTD change back to PTN?
The "D" suffix is typically removed after 20 trading days, provided the company meets all exchange requirements. After this period, the symbol will revert to PTN.
Is Palatin Technologies still on the NYSE?
As of the latest reports in August 2025, the company has transitioned its listing to the OTCQB Venture Market to maintain an active trading environment following the reverse split.
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