Palatin Technologies, Inc.
Palatin Technologies, Inc. (NASDAQ: PTN) is trading at $9.51, about ₹914 at today's USD/INR rate, as of 30 Sep 2026, 10:58 AM ET, up 4.28% today. Indian residents can buy Palatin Technologies from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$9.15
Today's high
$9.76
52 week low
$5.61
52 week high
$31.00
PTN opened at $9.58, closed previously at $9.12, and has traded between $5.61 and $31.00 over the past 52 weeks.
About
Palatin Technologies, Inc., a biopharmaceutical company, develops first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor system in the United States. It is developing oral small molecule PL7737 MC4R agonist in preclinical studies; long-acting peptide MC4R agonists; and Bremelanotide co-administration with Tirzepatide to treat obesity in Phase 2 trial, as well as Bremelanotide co-formulated with a PDE5i for the treatment of ED in patients not adequately responsive to PDE5i monotherapy. The company also develops PL9643 for dry eye disease and anti-inflammatory ocular indications; and oral PL8177 for the treatment inflammatory bowel diseases. Palatin Technologies, Inc. was incorporated in 1986 and is based in Monmouth Junction, New Jersey.
Key statistics
Avg. volume
49.62K
Market cap
$16.92M
P/E Ratio
-1.81
Price-to-sales ratio
1.28
Enterprise value
$23.24M
Free cash flow yield
-44.53%
Debt-to-equity ratio
0.03
Return on equity
-125.30%
ROIC
-125.44%
Beta
-0.07
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$13.19M
Earnings per share
-$2.96
Free cash flow
-$13.58M
Net profit margin
-63.54%
Gross margin
97.48%
EBITDA
-$8.67M
Revenue growth
0.00%
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This is not an investment recommendation
How to buy Palatin Technologies from India
Indian residents can buy Palatin Technologies shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Palatin Technologies and place an order
Find Palatin Technologies by name or by its ticker, PTN, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Palatin Technologies trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Palatin Technologies position in USD and INR. Palatin Technologies pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Palatin Technologies from India
Trading and taxes when buying Palatin Technologies from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NonePalatin Technologies does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Palatin Technologies stock?
Yes. Palatin Technologies (PTN) has been listed on NASDAQ since 1997, in the Biotechnology industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Palatin Technologies share cost in rupees?
One Palatin Technologies share is $9.51 — about ₹914 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Palatin Technologies price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Palatin Technologies from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Palatin Technologies?
Yes. One Palatin Technologies share is $9.51, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Palatin Technologies.
How are gains on Palatin Technologies shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Palatin Technologies price. Paasa issues a capital-gains statement for your return.
Does Palatin Technologies pay a dividend?
No. Palatin Technologies does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Palatin Technologies from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Palatin Technologies shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Palatin Technologies shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Palatin Technologies holding, its cost and its closing value.
How do I sell Palatin Technologies and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.