Palatin Technologies, Inc. Announces Executive Appointments
June 28, 2021 at 07:30 am EDT
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Palatin Technologies, Inc. announced the strengthening of its senior leadership team with three key executive management appointments: Michael B. Raizman, M.D. as Chief Medical Officer; James E. Hattersley as Senior Vice President of Business Development; and, J. Don Wang, Ph.D. as Vice President of Product Development. Michael B. Raizman, M.D., Palatin's newly appointed Chief Medical Officer will report directly to Dr. Spana. Dr. Raizman will provide leadership and direction across the entire product pipeline, including clinical validation, medical and regulatory affairs, and overall clinical, medical, and regulatory activities. James E. Hattersley, Palatin's newly appointed Senior Vice President, Business Development, has more than 25 years of experience in product acquisitions, corporate alliances and business and corporate development. Mr. Hattersley will be responsible for all business development strategies for Palatin's programs. Prior to joining Palatin, Mr. Hattersley was Senior Vice President for Mission Pharmacal Company where he was a member of the executive leadership team responsible for reshaping the company.
Palatin Technologies, Inc. is a biopharmaceutical company. The Company is engaged in developing medicines based on molecules that modulate the activity of the melanocortin receptor systems, with targeted, receptor-specific product candidates for the treatment of diseases with unmet medical need and commercial potential. Its new product development activities focus primarily on MC1r agonists, with potential to treat inflammatory and autoimmune diseases, such as dry eye disease, known as keratoconjunctivitis sicca, uveitis, diabetic retinopathy, and inflammatory bowel disease. It is also engaged developing peptides that are active at more than one melanocortin receptor, and MC4r peptide and small molecule agonists with potential utility in obesity and metabolic-related disorders, including rare disease and orphan indications. It has completed Phase III PL9643 clinical study for dry eye disease. It is also conducting Phase II study of oral PL8177 in patients with ulcerative colitis.