Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

(a) Amendment to Bylaws

On and effective September 14, 2021, the Board of Directors (the "Board") of Palatin Technologies, Inc. (the "Company") amended and restated the Bylaws of the Company (the "Amended Bylaws"). The Amended Bylaws amend Section 2.06, dealing with a quorum at meetings of stockholders, to provide that a quorum is at least one-third in voting power of the outstanding shares of capital stock entitled to vote at a meeting of stockholders. Prior to the amendment a quorum was a majority in voting power of the outstanding shares of capital stock entitled to vote.

The foregoing description of the Amended Bylaws does not purport to be complete and is qualified in its entirety by the full text of the Amended Bylaws, a copy of which is attached hereto as Exhibit 3.1 and incorporated herein by reference.

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