VistaGen Therapeutics Inc
NASDAQ:VTGN
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VistaGen Therapeutics Inc
VistaGen Therapeutics, Inc. is a clinical-stage biopharmaceutical company committed to developing and commercializing new generation medications that go beyond the current standard of care for anxiety, depression, and other central nervous system (CNS) disorders. The company is headquartered in South San Francisco, California and currently employs 31 full-time employees. The company went IPO on 2010-10-18. The firm is engaged in developing and commercializing product candidates for patients with diseases and disorders involving the central nervous system (CNS). The firm's pipeline includes PH94B, a neuroactive nasal spray with potential to treat multiple anxiety disorders that is preparing for Phase III clinical trial for social anxiety disorder (SAD), PH10, a neuroactive nasal spray that is planning for Phase 2b development as a stand-alone treatment for depressive disorder (MDD), and AV-101 which the Company is developing for the treatment of depressive disorder (MDD), suicidal ideation, neuropathic pain, levodopa-induced dyskinesia (LID) and epilepsy. In addition, the Company has developed a human pluripotent stem cell (hPSC) technology platform, CardioSafe 3D, to predict potential heart toxicity of new chemical entities (NCEs).
VistaGen Therapeutics, Inc. is a clinical-stage biopharmaceutical company committed to developing and commercializing new generation medications that go beyond the current standard of care for anxiety, depression, and other central nervous system (CNS) disorders. The company is headquartered in South San Francisco, California and currently employs 31 full-time employees. The company went IPO on 2010-10-18. The firm is engaged in developing and commercializing product candidates for patients with diseases and disorders involving the central nervous system (CNS). The firm's pipeline includes PH94B, a neuroactive nasal spray with potential to treat multiple anxiety disorders that is preparing for Phase III clinical trial for social anxiety disorder (SAD), PH10, a neuroactive nasal spray that is planning for Phase 2b development as a stand-alone treatment for depressive disorder (MDD), and AV-101 which the Company is developing for the treatment of depressive disorder (MDD), suicidal ideation, neuropathic pain, levodopa-induced dyskinesia (LID) and epilepsy. In addition, the Company has developed a human pluripotent stem cell (hPSC) technology platform, CardioSafe 3D, to predict potential heart toxicity of new chemical entities (NCEs).
PALISADE-3 Milestone: Vistagen completed the randomized double-blind portion of its PALISADE-3 Phase III trial for fasedienol in social anxiety disorder, with top-line results expected by year-end 2025.
Strong Cash Position: The company reported $77.2 million in cash and equivalents as of September 30, 2025, which is expected to cover all known aspects of the ongoing PALISADE program.
Pivotal Data & NDA Plans: If PALISADE-3 is positive, an NDA submission for fasedienol could occur around mid-2026, pending standard additional studies and regulatory meetings.
Broader Pipeline Progress: Vistagen continues advancing additional candidates, including itruvone for major depressive disorder and PH80 for menopausal hot flashes.
Commercialization Optionality: Management emphasized optionality in go-to-market strategy, with the capability to launch independently or pursue partnerships.
Clinical Study Integrity: Site terminations in the trials were attributed to standard performance assessments and study wind-down procedures—not safety or data concerns.
