New York, July 12, 2024 - PRISM MarketView - Neuroscience-focused biopharmaceutical company, Vistagen Therapeutics (Nasdaq: VTGN), topped the PRISM Mental Health Index on Thursday, rising nearly 20% during intraday trading and closing up 12.36% at $3.91. The company announced it has secured multiple new patents related to the use of its migraine treatment candidate, PH80.
PH80 is a non-systemic, hormone-free investigational pherine nasal spray in development as a rapid-onset treatment for vasomotor symptoms (hot flashes) due to menopause, with the potential to also treat premenstrual dysphoric disorder, dysmenorrhea, and migraine.
The company’s new patents cover PH80 for the treatment of migraine and are expected to be in effect in Australia, Hong Kong, Japan and Mexico until 2040. The news highlights the broadening of Vistagen’s global intellectual property portfolio.
Migraine affects an estimated more than 10% of people worldwide, and is about three times more common in women than in men.
About Vistagen
Headquartered in South San Francisco, CA, Vistagen (Nasdaq: VTGN) is a 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, 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. At Vistagen, we are 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. Connect at www.Vistagen.com.
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