<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from financial
statements for the nine month period ended March 31, 1999 and is qualified in
its entirety be reference to such financial statements.
</LEGEND>

<CIK>     0000911216
<NAME>    Palatin Technologies, Inc.


       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              JUN-30-1999
<PERIOD-START>                                  JUL-1-1998
<PERIOD-END>                                   MAR-31-1999
<CASH>                                           3,887,567
<SECURITIES>                                             0
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