Vistagen Therapeutics Inc Stock Price, News & Analysis

VistaGen Therapeutics has appointed Ann Cunningham as Chief Commercial Officer, enhancing its leadership team. With over 25 years of pharmaceutical experience, Cunningham has been involved in successful marketing strategies for neuropsychiatric products. Her expertise will support VistaGen's pre-commercial efforts for PH94B, aimed at treating social anxiety disorder. Cunningham's prior role on VistaGen's Board since January 2019 positions her well to drive brand awareness and market entry for the company’s CNS drug candidates. The transition reflects VistaGen's focus on expanding its commercial capabilities.

VistaGen Therapeutics (NASDAQ: VTGN) announced the appointment of Dr. Joanne Curley to its Board of Directors, expanding the board to seven members. With over 25 years of experience, including prior roles at Gilead Sciences and Vera Therapeutics, Dr. Curley has a track record of advancing multiple products through regulatory approvals. Her expertise in drug development aligns with VistaGen's mission to innovate treatments for anxiety and depression, enhancing leadership and strategic direction.

VistaGen Therapeutics (NASDAQ: VTGN) presented key data on its Phase 3 drug candidate PH94B, an investigational nasal spray for treating social anxiety disorder (SAD). The data revealed PH94B's unique mechanism of action, differentiating it from traditional benzodiazepines. PH94B showed no significant effect on GABA potentiation and provided rapid anti-anxiety effects without sedation, indicating a safer profile. With approximately 20 million Americans affected by SAD, this innovative treatment could offer a new standard of care amid increasing concerns over benzodiazepine safety risks. Phase 3 development is set to commence soon.

VistaGen Therapeutics (NASDAQ: VTGN) announced participation in two investor conferences in March. The first is the Maxim Group and M-Vest’s Inaugural Emerging Growth Virtual Conference from March 17-19, featuring a corporate presentation and a fireside chat on March 19 at 1:00 p.m. ET. The second conference, the Benzinga Biotech Small Cap Conference, is on March 25 at 10:05 a.m. ET. VistaGen aims to develop innovative treatments for anxiety, depression, and central nervous system disorders. More details can be found on the respective conference websites.

VistaGen Therapeutics (NASDAQ: VTGN) has released promising preclinical data for PH10, a Phase 2 investigational pherine nasal spray targeting major depressive disorder (MDD). Unlike traditional antidepressants, PH10's mechanism does not involve GABA-A receptor activation, potentially reducing common side effects. MDD affects over 264 million globally, with the current market dominated by SSRIs and SNRIs, which have slow onset and multiple side effects. With the growing need for effective MDD treatments, PH10 may offer a rapid-onset, stand-alone alternative, addressing concerns raised in FDA communications regarding benzodiazepines.

VistaGen Therapeutics (NASDAQ: VTGN) reported a net loss of $5.65 million for the third quarter of fiscal 2021, down from $6.28 million in the previous year. The company recognized $313,600 in sublicense revenue from its agreement with EverInsight Therapeutics, a significant increase compared to none in the prior year. VistaGen closed a $100 million public offering to strengthen its balance sheet, enabling the launch of pivotal Phase 3 studies for PH94B targeting anxiety disorders, among other clinical trials. Cash and equivalents stood at $104.3 million as of December 31, 2020.

VistaGen Therapeutics, Inc. (NASDAQ: VTGN) has regained compliance with Nasdaq's minimum bid price requirement as of January 5, 2021. The company previously received a notice on January 31, 2020, regarding non-compliance due to a bid price below $1.00 for 30 consecutive business days. VistaGen met the requirement by maintaining a closing bid price of $1.00 or more for 10 consecutive trading days, starting January 4, 2021. VistaGen is now compliant with all Nasdaq listing standards, and the matter is considered closed by Nasdaq.

VistaGen Therapeutics (NASDAQ: VTGN) announced the publication of an article by Dr. Louis Monti and Dr. Michael Liebowitz in CNS Spectrums, detailing the mechanism of action of its investigational neuroactive nasal sprays, PH94B and PH10. These drugs aim to provide rapid-onset treatments for anxiety and depression, respectively, with microgram-level doses designed to avoid the typical side effects of current medications. VistaGen is preparing PH94B for Phase 3 studies and has received Fast Track designation from the FDA.

VistaGen Therapeutics, Inc. (NASDAQ: VTGN) has successfully closed a $100 million public offering, selling 63 million shares of common stock at $0.92 each and 2 million shares of Series D preferred stock at $21.16 each. The Series D shares can convert into common stock pending shareholder approval for a necessary increase in authorized shares. Proceeds will support research, development, and regulatory expenses for CNS drug candidates such as PH94B and AV-101, alongside general corporate needs.