Palatin touts Phase II obesity study results

1 April 2025

US drug developer Palatin Technologies (NYSE American: PTN) announced that its BMT-801 Phase II obesity co-administration study met its primary endpoint and was highly statistically significant.

The company reported positive top-line data with co-administered melanocortin-4 receptor (MC4R) agonist bremelanotide plus glucagon like peptide-1/gastric inhibitory polypeptide (GLP-1/GIP) tirzepatide – Eli Lilly’s (NYSE: LLY) Zepbound - and highlighted next steps in its obesity program for its novel next-generation MC4R long-acting peptides and oral small molecules.

However, investors were not impressed, sending the firm’s shares down 12% by close of trading Monday and a further 4% to $0.56 in pre-market activity today.

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