Vistagen Therapeutics (NASDAQ: VTGN), a late clinical-stage, neuroscience-focused biopharmaceutical company dedicated to the development and commercialization of groundbreaking therapies for psychiatric and neurological disorders based on nose-to-brain neurocircuitry, is reporting its financial results for the first quarter 2025, or the period ended June 30, 2024. The report also included a status update on the company’s pipeline, including fasedienol for the acute treatment of social anxiety disorder (“SAD”), itruvone for major depressive disorder (“MDD”) and PH80 for vasomotor symptoms, or hot flashes, due to menopause.
Highlights of the financial report indicate research and development expenses totaled $7.6 million for the quarter with general and administrative expenses reported at $4.6 million for the three-month period. The company’s cash, cash equivalents and marketable securities were $108.4 million as of June 30, 2024.
“Building on the success of our PALISADE-2 phase 3 trial of fasedienol, our rapid-onset, nonsystemic pherine nasal spray for the acute treatment of social anxiety disorder, our top priority remains driving forward our U.S. registration-directed PALISADE phase 3 program for fasedienol,” said Vistagen Therapeutics CEO Shawn Singh in the press release. “Our PALISADE-3 phase 3 trial is underway and on track and preparations to initiate our PALISADE-4 Phase 3 trial are progressing as planned. In addition to fasedienol, we are excited about the progress in our other two lead pherine development programs, itruvone for major depressive disorder and PH80 for menopausal hot flashes. With novel nonsystemic mechanisms of action utilizing nose-to-brain neural circuits, each of our pherine clinical-stage programs has potential to transform current treatment paradigms, set new standards of care and improve the lives of millions of underserved individuals.”
To view the full press release, visit https://ibn.fm/hkDWc
About Vistagen Therapeutics Inc.
Vistagen Therapeutics is a late clinical-stage, neuroscience-focused biopharmaceutical company dedicated to the development and commercialization of groundbreaking therapies for psychiatric and neurological disorders based on its pioneering approach and deep understanding of nose-to-brain neurocircuitry. Designed exclusively as nasal sprays administered at microgram level doses with novel nonsystemic mechanisms of action, Vistagen’s diversified pipeline of pherine-product candidates rapidly activate chemosensory neurons in the nasal cavity to impact olfactory system and brain neurocircuitry. Favorable safety profiles have been observed in all clinical studies of Vistagen’s pherine-product candidates completed to date. Vistagen’s neuroscience pipeline also includes an oral prodrug with the potential to modulate NMDA receptor activity in multiple neurological conditions, such as levodopa-induced dyskinesia associated with Parkinson’s disease therapy and neuropathic pain. The company is passionate about creating novel and differentiated treatments that set new standards of care for millions of people living with anxiety, depression and other neurological 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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