Palatin and AMAG give up gains after Feuerstein rains on Vyleesi parade – Seeking Alpha

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Palatin and AMAG give up gains after Feuerstein rains on Vyleesi parade – Seeking Alpha

STAT’s Adam Feuerstein has thrown a bucket of cold water on investors in Palatin Technologies (PTN -6.7%) and AMAG Pharmaceuticals (AMAG -5.4%) after the FDA nod for female hypoactive sexual desire disorder med Vyleesi (bremelanotide injection) on Friday. Shares were up 39% and 12%, respectively, since then before retracing.

Mr. Feuerstein has been a long-term bear on the drug, questioning its efficacy and the fact that it is an injectable rather than a pill which may constrain demand.

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