Vistagen Therapeutics (NASDAQ: VTGN), a late clinical-stage biopharmaceutical company aiming to transform the treatment landscape for individuals living with anxiety, depression and other central nervous system (“CNS”) disorders, is reporting its second-quarter 2024 results for the period ended Sept. 30, 2023. Highlights of the report include that fasedienol (“PH94B”), the company’s PALISADE phase 3 program for acute treatment of social anxiety disorder (“SAD”), is advancing to build on recent positive PALISADE-2 phase 3 results with preparations for possible phase 3 studies to begin in 2024; that itruvone (“PH10”) is ) is being staged for potential phase 2B clinical development 2024; and that PH80 positive exploratory phase 2A trial data reported in two separate women’s health indications, including vasomotor symptoms (hot flashes) due to menopause and premenstrual dysphoric disorder (“PMDD”).
Financial results for the quarter show the company saw $137.7 million in gross proceeds secured since the beginning of fiscal 2024 second quarter, including $100 million from an underwritten public offering of equity securities; the report also noted that Vistagen Therapeutics has an adequate cash runway for a potential U.S. New Drug Application based on fasedienol as an acute treatment of SAD. “Vistagen achieved multiple important milestones in recent months, significantly advancing our innovative pipeline, including positive phase 3 results for fasedienol, our lead pherine nasal spray drug candidate,” said Vistagen CEO Shawn Singh in the press release. “With a fortified balance sheet, a robust pipeline of drug candidates differentiated from the current standards of care, and a clear path forward in our potential U.S. New Drug Application-enabling PALISADE phase 3 program for fasedienol in social anxiety disorder, we are confident in our potential to improve the lives of millions of individuals affected by SAD and other large market mental health and CNS disorders.”
To view the full press release, visit https://ibn.fm/yqQjH
About Vistagen Therapeutics Inc.
Vistagen Therapeutics is a late clinical-stage biopharmaceutical company aiming to transform the treatment landscape for individuals living with anxiety, depression and other CNS disorders. The company is advancing therapeutics with the potential to be faster acting and with fewer side effects and safety concerns than treatments that are currently available for treatment of anxiety, depression and multiple CNS disorders. Vistagen is advancing therapeutics with the potential to be faster-acting, and with fewer side effects and safety concerns, than those currently available for the treatment of anxiety, depression, and multiple CNS disorders. Vistagen’s pipeline includes six clinical-stage product candidates, including fasedienol (“PH94B”), itruvone (“PH10”), PH15, PH80 and PH284, each an investigational agent belonging to a new class of drugs known as pherines, as well as AV-101, which is an oral prodrug antagonist of the N-methyl-D-aspartate receptor (“NMDAR”). Pherines are neuroactive nasal sprays designed with an innovative and differentiated proposed mechanism of action (“MOA”) that activates chemosensory neurons in the nasal cavity and can beneficially impact key neural circuits in the brain without systemic absorption or direct activity on neurons in the brain. Vistagen is passionate about transforming mental health care and redefining what is possible in the treatment of anxiety, depression and several other CNS disorders. For more information about the company, please visit www.Vistagen.com.
NOTE TO INVESTORS: The latest news and updates relating to VTGN are available in the company’s newsroom at https://ibn.fm/VTGN
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