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<TITLE>Palatin Technologies, Inc. Form S-8 filed October 6, 2005
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>As filed with the Securities and Exchange Commission on
October 6, 2005 </FONT></P>

<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Registration No. 333-_______ </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>WASHINGTON, D.C. &nbsp;20549 </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>Form S-8</B> </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
1933 </FONT></P>

<BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>PALATIN TECHNOLOGIES, INC.</B><BR> </FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE=3>(Exact name of registrant as specified in its charter) </FONT></P>

<BR><BR>

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     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Delaware</B> </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>95-4078884</B> </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State or other jurisdiction of incorporation or
     organization) </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(I.R.S. Employer Identification No.) </FONT></TD>
  </TR>
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     <TD WIDTH=50% ALIGN=CENTER>&nbsp;</TD>
     <TD WIDTH=50% ALIGN=CENTER>&nbsp;</TD>
  </TR>
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     <TD WIDTH=50% ALIGN=CENTER>&nbsp;</TD>
     <TD WIDTH=50% ALIGN=CENTER>&nbsp;</TD>
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     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>4C Cedar Brook Drive<BR>Cranbury, New
     Jersey</B> </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>08512</B> </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address of Principal Executive Offices)
     </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Zip Code) </FONT></TD>
  </TR>
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     <TD WIDTH=50% ALIGN=CENTER>&nbsp;</TD>
     <TD WIDTH=50% ALIGN=CENTER>&nbsp;</TD>
  </TR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Palatin Technologies, Inc. 2005 Stock Plan</B> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Full title of the plan) </FONT></P>

<BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Stephen T. Wills, Chief Financial Officer<BR>
4C Cedarbrook Drive<BR>
Cranbury, New Jersey&nbsp;&nbsp;08512</B><BR></FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Name and address of agent for service) </FONT></P>

<BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>(609) 495-2200</B> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Telephone number, including area code, of agent for service) </FONT></P>

<BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Please send copies of all communications to:<BR>
Brian F. Lanter, Attorney at Law, P.C.<BR>
117 Bryn Mawr Dr. SE, Suite 104<BR>
Albuquerque, NM 87106<BR>
(505) 314-1265 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Calculation of Registration Fee</B></FONT></P>

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     <TD WIDTH=16%></TD>
     <TD WIDTH=5%></TD>
     <TD WIDTH=16%></TD>
     <TD WIDTH=5%></TD>
     <TD WIDTH=16%></TD>
     <TD WIDTH=5%></TD>
     <TD WIDTH=16%></TD>
     <TD WIDTH=5%></TD>
     <TD WIDTH=16%></TD>
</TR>
<TR VALIGN=BOTTOM>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Title of securities to be
     registered </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Amount to be registered </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Proposed maximum offering price per share (1)
     </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Proposed maximum aggregate offering price
     </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Amount of registration fee </FONT></TD>
</TR>
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     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp; </FONT></TD>
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     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Common Stock </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>5,000,000 </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>$2.30 </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>$11,500,000.00 </FONT></TD>
     <TD WIDTH=5%>&nbsp;</TD>
     <TD ALIGN=CENTER WIDTH=16%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>$1,353.55 </FONT></TD>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>NOTES TO FEE TABLE: </FONT></P>


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          <TD ALIGN=LEFT WIDTH=3%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(1) </FONT></TD>
          <TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
          The proposed maximum offering price per share was calculated pursuant to Rules
          457(c) and 457(h) under the Securities Act of 1993 and based on the average of
          the high and low prices of the registrant&#146;s common stock reported on AMEX
          on September 30, 2005. </FONT></P></TD>
          </TR>
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          <BR>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>PART I. INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>
</FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
information required by Part I is included in documents sent or given to participants in
each of the plans listed on the cover page of this registration statement (the
&#147;Registration Statement&#148;), pursuant to Rule 428(b)(1) of the Securities Act of
1933, as amended (the &#147;Securities Act&#148;). </FONT></P>

<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Item 3. Incorporation of Documents by Reference</U>. The following
documents are incorporated in the Registration Statement by reference: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;
          The registrant&#146;s latest annual report, filed pursuant to Section 13(a) or
          15(d) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange
          Act&#148;), or the latest prospectus filed pursuant to Rule 424(b) under the
          Securities Act that contains audited financial statements for the
          registrant&#146;s latest fiscal year for which such statements have been filed. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;
          All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act
          since the end of the fiscal year covered by the registrant document referred to
          in (a) above. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;
          The description of common stock contained in the registrant&#146;s Registration
          Statement on Form 8-A filed under the Exchange Act, including any amendment or
          report filed for the purpose of updating such description. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>All documents subsequently filed by
the registrant pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act, prior
to the filing of a post-effective amendment which indicates that all shares of common
stock offered hereby have been sold or which deregisters all shares of common stock then
remaining unsold, shall be deemed to be incorporated by reference in this registration
statement and to be part thereof from the date of the filing of such documents. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Item 4. Description of
Securities</U>. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Item 5. Interests of Named Experts
and Counsel</U>. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brian
F. Lanter, Attorney at Law, P.C., Albuquerque, New Mexico, counsel to the registrant, has
given his opinion on certain legal matters relating to the issuance of shares of common
stock registered on this registration statement. Mr. Lanter holds 295 shares of our common
stock. We have granted Mr. Lanter an option under our 1996 Stock Option Plan to </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>1 </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>purchase 10,000 shares of common
stock at $4.00 per share, with an expiration date of February 6, 2011. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Item 6. Indemnification of
Directors and Officers</U>. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
145 of the Delaware General Corporation Law provides that a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative
or investigative by reason of the fact that he is or was a director, officer, employee or
agent of the corporation, or serving at the request of the corporation in similar
capacities, against expenses (including attorneys&#146; fees), judgments, fines, and
amounts paid in settlement actually and reasonably incurred by him in connection with such
action, suit or proceeding if he acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the corporation, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe his
conduct was unlawful. In the case of an action or suit by or in the right of the
corporation, no indemnification shall be made with respect to any claim, issue or matter
as to which such person shall have been adjudged to be liable to the corporation unless
and only to the extent that the court having jurisdiction shall determine that such person
is fairly and reasonably entitled to indemnity. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article
V, Section 3 of the registrant&#146;s Certificate of Incorporation provides that to the
fullest extent permitted by the Delaware General Corporation Law, no director of the
registrant shall be personally liable to the registrant or its stockholders for monetary
damages for breach of a fiduciary duty as a director. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article
VI of the registrant&#146;s Certificate of Incorporation provides that the registrant
shall make the indemnification permitted under Section 145 of the Delaware General
Corporation Law, as summarized above, but only (unless ordered by a court) upon a
determination by a majority of a quorum of disinterested directors, by independent legal
counsel in a written opinion, or by the stockholders, that the indemnified person has met
the applicable standard of conduct. Article VI further provides that the registrant may
advance expenses for defending actions, suits or proceedings upon such terms and
conditions as the registrant&#146;s Board of Directors deems appropriate, and that the
registrant may purchase insurance on behalf of indemnified persons whether or not the
registrant would have the power to indemnify such persons under Section 145 of the Delaware
General Corporation Law. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
registrant&#146;s Bylaws contain substantially the same indemnification provisions as the
registrant&#146;s Certificate of Incorporation, summarized above. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
registrant has obtained a directors&#146; and officers&#146; liability insurance policy
which covers, among other things, certain liabilities arising under the Securities Act. </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>2 </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Item 7. Exemption from
Registration Claimed</U>. </FONT></P>

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<A NAME=A016></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Item 8. Exhibits</U>. The
following exhibits are filed with this Registration Statement, or incorporated by
reference as noted: </FONT></P>


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     <TD WIDTH=8%></TD>
     <TD WIDTH=92%></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>No.</U> </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Description</U><BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.1 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Restated Certificate of Incorporation, as amended. Incorporated by
     reference to Exhibit 3.01 of our report on Form 10-Q for the quarter ended March 31, 2005, filed with the SEC on May 9,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.2 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>2005 Stock Plan. Incorporated by reference to Exhibit 10.01 of our
     report on Form 8-K, filed with the SEC on June 10, 2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.3 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Form of Option Certificate (incentive option) under the 2005 Stock
     Plan. Incorporated by reference to Exhibit 10.01 of our report on Form 8-K, filed with the SEC on September 21,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.4 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Form of Incentive Stock Option Agreement &#151; Standard under the
     2005 Stock Plan. Incorporated by reference to Exhibit 10.02 of our report on Form 8-K, filed with the SEC on September 21,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.5 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Form of Option Certificate (non-qualified option) under the 2005
     Stock Plan. Incorporated by reference to Exhibit 10.03 of our report on Form 8-K, filed with the SEC on September 21,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.6 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Form of Non-Qualified Stock Option Agreement under the 2005 Stock
     Plan. Incorporated by reference to Exhibit 10.04 of our report on Form 8-K, filed with the SEC on September 21,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>5.1 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Opinion of Brian F. Lanter, Attorney at Law, P.C., counsel to the
     registrant, re legality.*<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>23.1 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Consent of Brian F. Lanter, Attorney at Law, P.C., included in Exhibit
     5.1.*<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>23.2 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Consent of KPMG LLP.*<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>24.1 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Power of attorney, included in the signature page of this registration
     statement.*<BR>&nbsp; </FONT></TD>
</TR>
</TABLE>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>*Filed with this registration
statement. </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>3 </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Item 9.  Undertakings</U>.  The registrant will: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;
          File, during any period in which it offers or sells securities, a post-effective
          amendment to this Registration Statement to: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)
          include any prospectus required by Section 10(a)(3) of the Securities Act; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)
          reflect in the prospectus any facts or events which, individually or together,
          represent a fundamental change in the information set forth in the Registration
          Statement. Notwithstanding the foregoing, any increase or decrease in volume of
          securities offered (if the total dollar value of securities offered would not
          exceed that which was registered) and any deviation from the low or high end of
          the estimated maximum offering range may be reflected in the form of prospectus
          filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
          changes in volume and price represent no more than a 20% change in the maximum
          aggregate offering price set forth in the &#147;Calculation of Registration
          Fee&#148; table in the effective Registration Statement; and </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)
          include any additional or changed material information with respect to the plan of
          distribution not previously disclosed in the Registration Statement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>provided, however, that paragraphs
(1)(i) and (1)(ii) will not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed with
or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d)
of the Exchange Act that are incorporated by reference in the Registration Statement. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;
          For determining liability under the Securities Act, treat each post-effective
          amendment as a new registration statement of the securities offered, and the
          offering of such securities at that time to be the initial bona fide offering
          thereof. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;
          File a post-effective amendment to remove from registration any of the
          securities that remain unsold at the end of the offering. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the registrant&#146;s annual report pursuant to
section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of
an employee benefit plan&#146;s annual report pursuant to section 15(d) of the Exchange
Act) that is incorporated by reference in the Registration Statement shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering
of such securities at that time shall be deemed to be the initial bona fide offering
thereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the
Commission </FONT></P>

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<A NAME=A019></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4 </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the payment by
the registrant of expenses incurred or paid by a director, officer or controlling person
of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue. </FONT></P>

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<A NAME=A020></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>5 </FONT></P>


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<A NAME=A021></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>SIGNATURES</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act, the registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Cranbury, State of New Jersey, on October 6,
2005. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>PALATIN TECHNOLOGIES, INC.</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>By: <U>/s/ Stephen T. Wills &nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stephen T. Wills<BR> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President - Operations
and Chief Financial Officer </FONT></P>

<BR>

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<A NAME=A022></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>POWER OF ATTORNEY</B> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We,
the undersigned officers and directors of Palatin Technologies, Inc., severally constitute
Carl Spana and Stephen T. Wills and each of them singly, our true and lawful attorneys
with full power to them, and each of them singly, to sign for us and in our names in the
capacities indicated below, the registration statement on Form S-8 filed herewith and any
and all subsequent amendments to said registration statement, and generally to do all such
things in our names and behalf in our capacities as officers and directors to enable
Palatin Technologies, Inc. to comply with all requirements of the U.S. Securities and
Exchange Commission. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act, this Registration Statement has been signed
below by the following persons in the capacities and on the date indicated. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Signature</B> </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Title</B> </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Date</B> </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%>&nbsp;</TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>/s/ Carl Spana &nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>President, Chief Executive Officer and Director </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 6, 2005 </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Carl Spana </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(principal executive officer) </FONT></TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%>&nbsp;</TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>/s/ Stephen T. Wills &nbsp;&nbsp;&nbsp;&nbsp;</U>
     </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Executive Vice President - Operations and Chief Financial
     Officer </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 6, 2005 </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Stephen T. Wills </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>(principal financial and accounting officer) </FONT></TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%>&nbsp;</TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>/s/ John K.A. Prendergast
     &nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Chairman and Director </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 6, 2005 </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>John K.A. Prendergast </FONT></TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
</TABLE>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>6</FONT></P>
<HR SIZE=5 NOSHADE>
<PAGE>
<P><FONT SIZE=2><A HREF="#TOC"><U>Table of Contents</U></A></FONT></P>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>/s/ Perry B. Molinoff &nbsp;&nbsp;&nbsp;&nbsp;</U>
     </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Executive Vice President of Research &amp; Development
     </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 6, 2005 </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Perry B. Molinoff </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>and Director </FONT></TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%>&nbsp;</TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>/s/ Robert K. deVeer, Jr.&nbsp;&nbsp;&nbsp;&nbsp;</U>
     </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 6, 2005 </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Robert K. deVeer, Jr. </FONT></TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%>&nbsp;</TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>/s/ Zola P. Horovitz&nbsp;&nbsp;&nbsp;&nbsp;</U>
     </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 6, 2005 </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Zola P. Horovitz </FONT></TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%>&nbsp;</TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>/s/ Robert I. Taber&nbsp;&nbsp;&nbsp;&nbsp;</U>
     </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 6, 2005 </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Robert I. Taber </FONT></TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%>&nbsp;</TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>/s/ Errol De Souza&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 6, 2005 </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Errol De Souza </FONT></TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%>&nbsp;</TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>/s/ J. Stanley Hull&nbsp;&nbsp;&nbsp;&nbsp;</U>
     </FONT></TD>
     <TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Director </FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>October 6, 2005 </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
     <TD WIDTH=30%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>J. Stanley Hull </FONT></TD>
     <TD WIDTH=50%>&nbsp;</TD>
     <TD WIDTH=20%>&nbsp;</TD>
  </TR>
</TABLE>

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<A NAME=A023></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>7 </FONT></P>


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<A NAME=A024></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>INDEX TO EXHIBITS</B> </FONT></P>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
     <TD WIDTH=8%></TD>
     <TD WIDTH=92%></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>No.</U> </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>Description</U><BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.1 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Restated Certificate of Incorporation, as amended. Incorporated by
     reference to Exhibit 3.01 of our report on Form 10-Q for the quarter ended March 31, 2005, filed with the SEC on May 9,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.2 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>2005 Stock Plan. Incorporated by reference to Exhibit 10.01 of our
     report on Form 8-K, filed with the SEC on June 10, 2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.3 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Form of Option Certificate (incentive option) under the 2005 Stock
     Plan. Incorporated by reference to Exhibit 10.01 of our report on Form 8-K, filed with the SEC on September 21,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.4 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Form of Incentive Stock Option Agreement &#151; Standard under the
     2005 Stock Plan. Incorporated by reference to Exhibit 10.02 of our report on Form 8-K, filed with the SEC on September 21,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.5 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Form of Option Certificate (non-qualified option) under the 2005
     Stock Plan. Incorporated by reference to Exhibit 10.03 of our report on Form 8-K, filed with the SEC on September 21,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>4.6 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Form of Non-Qualified Stock Option Agreement under the 2005 Stock
     Plan. Incorporated by reference to Exhibit 10.04 of our report on Form 8-K, filed with the SEC on September 21,
     2005.<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>5.1 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Opinion of Brian F. Lanter, Attorney at Law, P.C., counsel to the
     registrant, re legality.*<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>23.1 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Consent of Brian F. Lanter, Attorney at Law, P.C., included in Exhibit
     5.1.*<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>23.2 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Consent of KPMG LLP.*<BR>&nbsp; </FONT></TD>
</TR>
<TR VALIGN=TOP>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>24.1 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Power of attorney, included in the signature page of this registration
     statement.*<BR>&nbsp; </FONT></TD>
</TR>
</TABLE>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>*Filed with this registration
statement. </FONT></P>

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<A NAME=A026></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>8 </FONT></P>


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</BODY>
</HTML>
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{"company-data": {"conformed-name": "PALATIN TECHNOLOGIES INC", "cik": "0000911216", "assigned-sic": "2834", "irs-number": "954078884", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-128854", "film-number": "051127396"}, "business-address": {"street1": "4C CEDAR BROOK DRIVE", "city": "CRANBURY", "state": "NJ", "zip": "08512", "phone": "609-495-2200"}, "mail-address": {"street1": "4C CEDAR BROOK DRIVE", "city": "CRANBURY", "state": "NJ", "zip": "08512"}, "former-company": {"former-conformed-name": "INTERFILM INC", "date-changed": "19930825"}}
Palatin Technologies, Inc. Form S-8 filed October 6, 2005
As filed with the Securities and Exchange Commission on
October 6, 2005
Registration No. 333-_______
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
Form S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
1933
PALATIN TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
95-4078884
(State or other jurisdiction of incorporation or
     organization)
(I.R.S. Employer Identification No.)
4C Cedar Brook Drive
Cranbury, New
     Jersey
08512
(Address of Principal Executive Offices)
(Zip Code)
Palatin Technologies, Inc. 2005 Stock Plan
(Full title of the plan)
Stephen T. Wills, Chief Financial Officer
4C Cedarbrook Drive
Cranbury, New Jersey  08512
(Name and address of agent for service)
(609) 495-2200
(Telephone number, including area code, of agent for service)
Please send copies of all communications to:
Brian F. Lanter, Attorney at Law, P.C.
117 Bryn Mawr Dr. SE, Suite 104
Albuquerque, NM 87106
(505) 314-1265
Calculation of Registration Fee
Title of securities to be
     registered
Amount to be registered
Proposed maximum offering price per share (1)
Proposed maximum aggregate offering price
Amount of registration fee
Common Stock
5,000,000
$2.30
$11,500,000.00
$1,353.55
NOTES TO FEE TABLE:
(1)
The proposed maximum offering price per share was calculated pursuant to Rules
          457(c) and 457(h) under the Securities Act of 1993 and based on the average of
          the high and low prices of the registrant's common stock reported on AMEX
          on September 30, 2005.
PART I. INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The
information required by Part I is included in documents sent or given to participants in
each of the plans listed on the cover page of this registration statement (the
"Registration Statement"), pursuant to Rule 428(b)(1) of the Securities Act of
1933, as amended (the "Securities Act").
PART II. INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
. The following
documents are incorporated in the Registration Statement by reference:
(a) 
          The registrant's latest annual report, filed pursuant to Section 13(a) or
          15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange
          Act"), or the latest prospectus filed pursuant to Rule 424(b) under the
          Securities Act that contains audited financial statements for the
          registrant's latest fiscal year for which such statements have been filed.
(b) 
          All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act
          since the end of the fiscal year covered by the registrant document referred to
          in (a) above.
(c) 
          The description of common stock contained in the registrant's Registration
          Statement on Form 8-A filed under the Exchange Act, including any amendment or
          report filed for the purpose of updating such description.
All documents subsequently filed by
the registrant pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act, prior
to the filing of a post-effective amendment which indicates that all shares of common
stock offered hereby have been sold or which deregisters all shares of common stock then
remaining unsold, shall be deemed to be incorporated by reference in this registration
statement and to be part thereof from the date of the filing of such documents.
Item 4. Description of
Securities
.
Not
applicable.
Item 5. Interests of Named Experts
and Counsel
.
Brian
F. Lanter, Attorney at Law, P.C., Albuquerque, New Mexico, counsel to the registrant, has
given his opinion on certain legal matters relating to the issuance of shares of common
stock registered on this registration statement. Mr. Lanter holds 295 shares of our common
stock. We have granted Mr. Lanter an option under our 1996 Stock Option Plan to
1
purchase 10,000 shares of common
stock at $4.00 per share, with an expiration date of February 6, 2011.
Item 6. Indemnification of
Directors and Officers
.
Section
145 of the Delaware General Corporation Law provides that a corporation may indemnify any
person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative
or investigative by reason of the fact that he is or was a director, officer, employee or
agent of the corporation, or serving at the request of the corporation in similar
capacities, against expenses (including attorneys' fees), judgments, fines, and
amounts paid in settlement actually and reasonably incurred by him in connection with such
action, suit or proceeding if he acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the corporation, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe his
conduct was unlawful. In the case of an action or suit by or in the right of the
corporation, no indemnification shall be made with respect to any claim, issue or matter
as to which such person shall have been adjudged to be liable to the corporation unless
and only to the extent that the court having jurisdiction shall determine that such person
is fairly and reasonably entitled to indemnity.
Article
V, Section 3 of the registrant's Certificate of Incorporation provides that to the
fullest extent permitted by the Delaware General Corporation Law, no director of the
registrant shall be personally liable to the registrant or its stockholders for monetary
damages for breach of a fiduciary duty as a director.
Article
VI of the registrant's Certificate of Incorporation provides that the registrant
shall make the indemnification permitted under Section 145 of the Delaware General
Corporation Law, as summarized above, but only (unless ordered by a court) upon a
determination by a majority of a quorum of disinterested directors, by independent legal
counsel in a written opinion, or by the stockholders, that the indemnified person has met
the applicable standard of conduct. Article VI further provides that the registrant may
advance expenses for defending actions, suits or proceedings upon such terms and
conditions as the registrant's Board of Directors deems appropriate, and that the
registrant may purchase insurance on behalf of indemnified persons whether or not the
registrant would have the power to indemnify such persons under Section 145 of the Delaware
General Corporation Law.
The
registrant's Bylaws contain substantially the same indemnification provisions as the
registrant's Certificate of Incorporation, summarized above.
The
registrant has obtained a directors' and officers' liability insurance policy
which covers, among other things, certain liabilities arising under the Securities Act.
2
Item 7. Exemption from
Registration Claimed
.
Not
applicable.
Item 8. Exhibits
. The
following exhibits are filed with this Registration Statement, or incorporated by
reference as noted:
No.
Description
4.1
Restated Certificate of Incorporation, as amended. Incorporated by
     reference to Exhibit 3.01 of our report on Form 10-Q for the quarter ended March 31, 2005, filed with the SEC on May 9,
     2005.
4.2
2005 Stock Plan. Incorporated by reference to Exhibit 10.01 of our
     report on Form 8-K, filed with the SEC on June 10, 2005.
4.3
Form of Option Certificate (incentive option) under the 2005 Stock
     Plan. Incorporated by reference to Exhibit 10.01 of our report on Form 8-K, filed with the SEC on September 21,
     2005.
4.4
Form of Incentive Stock Option Agreement — Standard under the
     2005 Stock Plan. Incorporated by reference to Exhibit 10.02 of our report on Form 8-K, filed with the SEC on September 21,
     2005.
4.5
Form of Option Certificate (non-qualified option) under the 2005
     Stock Plan. Incorporated by reference to Exhibit 10.03 of our report on Form 8-K, filed with the SEC on September 21,
     2005.
4.6
Form of Non-Qualified Stock Option Agreement under the 2005 Stock
     Plan. Incorporated by reference to Exhibit 10.04 of our report on Form 8-K, filed with the SEC on September 21,
     2005.
5.1
Opinion of Brian F. Lanter, Attorney at Law, P.C., counsel to the
     registrant, re legality.*
23.1
Consent of Brian F. Lanter, Attorney at Law, P.C., included in Exhibit
     5.1.*
23.2
Consent of KPMG LLP.*
24.1
Power of attorney, included in the signature page of this registration
     statement.*
*Filed with this registration
statement.
3
Item 9.  Undertakings
.  The registrant will:
(1) 
          File, during any period in which it offers or sells securities, a post-effective
          amendment to this Registration Statement to:
(i)
          include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)
          reflect in the prospectus any facts or events which, individually or together,
          represent a fundamental change in the information set forth in the Registration
          Statement. Notwithstanding the foregoing, any increase or decrease in volume of
          securities offered (if the total dollar value of securities offered would not
          exceed that which was registered) and any deviation from the low or high end of
          the estimated maximum offering range may be reflected in the form of prospectus
          filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
          changes in volume and price represent no more than a 20% change in the maximum
          aggregate offering price set forth in the "Calculation of Registration
          Fee" table in the effective Registration Statement; and
(iii)
          include any additional or changed material information with respect to the plan of
          distribution not previously disclosed in the Registration Statement.
provided, however, that paragraphs
(1)(i) and (1)(ii) will not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed with
or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d)
of the Exchange Act that are incorporated by reference in the Registration Statement.
(2) 
          For determining liability under the Securities Act, treat each post-effective
          amendment as a new registration statement of the securities offered, and the
          offering of such securities at that time to be the initial bona fide offering
          thereof.
(3) 
          File a post-effective amendment to remove from registration any of the
          securities that remain unsold at the end of the offering.
The
undersigned registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the registrant's annual report pursuant to
section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of
an employee benefit plan's annual report pursuant to section 15(d) of the Exchange
Act) that is incorporated by reference in the Registration Statement shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering
of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the
Commission
4
such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the payment by
the registrant of expenses incurred or paid by a director, officer or controlling person
of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue.
5
SIGNATURES
Pursuant
to the requirements of the Securities Act, the registrant certifies that it has reasonable
grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Cranbury, State of New Jersey, on October 6,
2005.
PALATIN TECHNOLOGIES, INC.
By:
/s/ Stephen T. Wills
Stephen T. Wills
Executive Vice President - Operations
and Chief Financial Officer
POWER OF ATTORNEY
We,
the undersigned officers and directors of Palatin Technologies, Inc., severally constitute
Carl Spana and Stephen T. Wills and each of them singly, our true and lawful attorneys
with full power to them, and each of them singly, to sign for us and in our names in the
capacities indicated below, the registration statement on Form S-8 filed herewith and any
and all subsequent amendments to said registration statement, and generally to do all such
things in our names and behalf in our capacities as officers and directors to enable
Palatin Technologies, Inc. to comply with all requirements of the U.S. Securities and
Exchange Commission.
Pursuant
to the requirements of the Securities Act, this Registration Statement has been signed
below by the following persons in the capacities and on the date indicated.
Signature
Title
Date
/s/ Carl Spana
President, Chief Executive Officer and Director
October 6, 2005
Carl Spana
(principal executive officer)
/s/ Stephen T. Wills
Executive Vice President - Operations and Chief Financial
     Officer
October 6, 2005
Stephen T. Wills
(principal financial and accounting officer)
/s/ John K.A. Prendergast
Chairman and Director
October 6, 2005
John K.A. Prendergast
6
Table of Contents
/s/ Perry B. Molinoff
Executive Vice President of Research & Development
October 6, 2005
Perry B. Molinoff
and Director
/s/ Robert K. deVeer, Jr.
Director
October 6, 2005
Robert K. deVeer, Jr.
/s/ Zola P. Horovitz
Director
October 6, 2005
Zola P. Horovitz
/s/ Robert I. Taber
Director
October 6, 2005
Robert I. Taber
/s/ Errol De Souza
Director
October 6, 2005
Errol De Souza
/s/ J. Stanley Hull
Director
October 6, 2005
J. Stanley Hull
7
INDEX TO EXHIBITS
No.
Description
4.1
Restated Certificate of Incorporation, as amended. Incorporated by
     reference to Exhibit 3.01 of our report on Form 10-Q for the quarter ended March 31, 2005, filed with the SEC on May 9,
     2005.
4.2
2005 Stock Plan. Incorporated by reference to Exhibit 10.01 of our
     report on Form 8-K, filed with the SEC on June 10, 2005.
4.3
Form of Option Certificate (incentive option) under the 2005 Stock
     Plan. Incorporated by reference to Exhibit 10.01 of our report on Form 8-K, filed with the SEC on September 21,
     2005.
4.4
Form of Incentive Stock Option Agreement — Standard under the
     2005 Stock Plan. Incorporated by reference to Exhibit 10.02 of our report on Form 8-K, filed with the SEC on September 21,
     2005.
4.5
Form of Option Certificate (non-qualified option) under the 2005
     Stock Plan. Incorporated by reference to Exhibit 10.03 of our report on Form 8-K, filed with the SEC on September 21,
     2005.
4.6
Form of Non-Qualified Stock Option Agreement under the 2005 Stock
     Plan. Incorporated by reference to Exhibit 10.04 of our report on Form 8-K, filed with the SEC on September 21,
     2005.
5.1
Opinion of Brian F. Lanter, Attorney at Law, P.C., counsel to the
     registrant, re legality.*
23.1
Consent of Brian F. Lanter, Attorney at Law, P.C., included in Exhibit
     5.1.*
23.2
Consent of KPMG LLP.*
24.1
Power of attorney, included in the signature page of this registration
     statement.*
*Filed with this registration
statement.
8