Cranbury-based Palatin Technologies Inc. announced Thursday it has received about $1.85 million through the Technology Business Tax Certificate Transfer Program.
According to the announcement, the company received about $100,000 more this year than it did in 2013. The program allows early-stage companies to convert losses into tax credits they can sell.
Soligenix, in Princeton, brought in $750,000 in a similar sale in mid-January, as did Inergetics late last year.
NJBIZ discussed the program in a December 2013 editorial.
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