<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 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,052,577 <PP&E> 2,108,424 <DEPRECIATION> 620,862 <TOTAL-ASSETS> 5,607,692 <CURRENT-LIABILITIES> 2,369,527 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 745 <COMMON> 66,190 <OTHER-SE> 3,171,230 <TOTAL-LIABILITY-AND-EQUITY> 5,607,692 <SALES> 0 <TOTAL-REVENUES> 609,977 <CGS> 0 <TOTAL-COSTS> 8,783,549 <OTHER-EXPENSES> 47,845 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 70,123 <INCOME-PRETAX> (8,125,727) <INCOME-TAX> 0 <INCOME-CONTINUING> (8,125,727) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (8,125,727) <EPS-PRIMARY> (1.64) <EPS-DILUTED> (1.64)