CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS



           As independent public accountants, we hereby consent to the
incorporation by reference in this registration statement of our report dated
August 10, 1998 included in Palatin Technologies, Inc.'s Form 10-KSB for the
year ended June 30, 1998 and to all references to our Firm included in this
registration statement.



                                        ARTHUR ANDERSEN LLP

Philadelphia, PA
 February 24, 1999