Legal Proceedings
−Removed: We are involved, from time to time, in various claims and legal proceedings arising in the ordinary course of our business.
+Added: We are involved, from time to time, in various claims and legal proceedings arising in the ordinary course of our business, including a complaint filed in the Supreme Court of the State of New York, County of New York, on February 13, 2025, captioned H.C.
+Added: Wainwright & Co., LLC (“Wainwright”) v.
+Added: Palatin Technologies, Inc., Case No:
+Added: The complaint names the Company as defendant, asserting three causes of action for breach of contract and seeking monetary damages and the award of warrants allegedly due under the parties’ agreement.
+Added: The breach of contract claims each relate to the engagement agreement entered into by the Company and Wainwright on or about January 29, 2024.
+Added: On March 20, 2025, we filed our answer in response to the complaint, in which we denied all liability and asserted several affirmative defenses.
+Added: We plan to vigorously defend against the lawsuit and the action will proceed next to the discovery stage and for further proceedings.
As of the date of this filing, we are not aware that we are a party to any pending or threatened legal proceeding or proceeding by a governmental authority.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.