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February 12, 2014
11:34 EDTPTNNoble Financial says regulatory developments positive for Palatin Tech
Noble said Sprout Pharmaceuticals received FDA clarity for the re-submission of the flibanserine NDA for female sexual dysfunction, or FSD, which provides efficacy endpoints. The analyst said Palatin can now plan Phase III trials for FSD with "agreed upon" endpoints, and when combined with regulatory clarity, should increase interest from big Pharma. Shares are Buy rated with a $2.50 price target.
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