Palatin Technologies Plans Initiating Clinical Study Of Melanocortin 4 Receptor Agonist + GLP-1 In Obese Patients; Reports Preclinical Data Showing Synergistic Weight Loss
Portfolio Pulse from Benzinga Newsdesk
Palatin Technologies is planning to initiate a clinical study of Melanocortin 4 Receptor Agonist + GLP-1 in obese patients. The company has reported preclinical data showing synergistic weight loss.
October 18, 2023 | 11:37 am
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Palatin Technologies' initiation of a clinical study for a new treatment for obesity could potentially boost its stock in the short term.
The initiation of a clinical study for a new treatment indicates progress in the company's research and development efforts. This could potentially attract investors and boost the company's stock in the short term. However, the actual impact will depend on the results of the study and the market's response.
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