This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Palatin Technologies Appoints Jeffrey D. Edelson, M.D., Chief Medical Officer

CRANBURY, N.J., Nov. 16, 2010 /PRNewswire-FirstCall/ -- Palatin Technologies, Inc. (NYSE Amex: PTN) today announced the appointment of Jeffrey D. Edelson, M.D., as Chief Medical Officer. Dr. Edelson has more than 15 years of leadership experience in the successful clinical development of medicines for the pharmaceutical and biotechnology industries.  Dr. Edelson has been responsible for numerous clinical development programs and strategies focused on pulmonary, allergy, immunology, critical care, oncology, and supportive care targets.

"Dr. Edelson has a unique combination of medical, clinical drug development, and regulatory experience," said Carl Spana, Ph.D., Palatin's President and Chief Executive Officer.  "We believe leveraging Jeff's extensive experience and success in designing and managing clinical programs will contribute significantly to our goal of advancing our two Phase 2 clinical candidates through the development and commercialization process."

"I am excited to join Palatin and look forward to putting my scientific and clinical experience to work on advancing this interesting clinical pipeline," said Dr. Edelson.  "This is a great chance to get involved at this stage of clinical trials, with one program, bremelanotide, that has the potential to become the first FDA approved therapy for female sexual dysfunction, and another program, PL-3994, a compound with a novel mechanism of action for several pulmonary targets, with an initial indication for treatment of acute severe asthma."

A pulmonary and critical care physician, Dr. Edelson was previously Executive Vice President of Research and Development and Chief Medical Officer of Ikano Therapeutics Inc, a specialty pharmaceutical company.  Prior to that, he was Vice President and Therapeutic Area Head of Novel Therapeutics for Johnson and Johnson Pharmaceutical Research and Development. He is also the Principal of Aequanimitas Consulting LLC, and an Adjunct Associate Professor of Medicine at the University of Pennsylvania.

Dr. Trevor Hallam has notified the Company of his resignation as Executive Vice President of Research and Development, effective December 31, 2010.  Dr. Hallam's departure is a result of Palatin's decision last quarter to eliminate research and discovery activities, and focus on advancing its Phase 2 clinical candidates.

"During his years with Palatin, Dr. Hallam drew on his considerable expertise in pharmaceutical research and development to make significant contributions to the advancement of our product pipeline," said Dr. Spana.  "We are grateful for Dr. Hallam's efforts and wish him well in his future endeavors."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs