PTN - Palatin Technologies Inc. Message Board

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Biotech / Medical : PTN - Palatin Technologies Inc.

PTN 14.61

-8.7%

Dec 26 9:30 AM EST

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From: rareearth42	9/7/2006 2:22:45 PM
	Read Replies (2) of 142

OK, I'm pissed. In May, when the phase 2b trials were fully enrolled, PTN management promised topline results at the end of August or early September. Yesterday at the conference, they said results in "2 or 3 months", even though they acknowledged the last patient is already out of the trial. Spana has done this in the past and I don't know why I expected anything different this time, but I bought calls and it looks as if they're going to expire worthless. I'm losing trust in these guys and have to decide whether to sell my (substantial for me) long position too. From everything we know I still believe the drug works, but I'm starting to question whether PTN can deliver. RE42

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