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.



                                                     s/ ARTHUR ANDERSEN LLP

Philadelphia, Pa.,
 August 2, 1999