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Vistagen Announces Closing Of Pherin Pharmaceuticals Acquisition

PUBLIC · VTGNFeb 02, 2023

Acquiring Company

VistaGen

Acquired Company

Pherin

South San FranciscoBiotechnologyHealth CareTherapeuticsPharmaceuticalBiopharmaTherapeuticsPharmaceutical

Description

Vistagen (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, today announced the closing of its acquisition of Pherin Pharmaceuticals, Inc., a privately held drug development company focused on neuropsychiatric and neuroendocrine conditions (Pherin). Vistagen now owns all intellectual property rights to its two most advanced drug candidates, PH94B, currently in Phase 3 development for social anxiety disorder (SAD) and Phase 2 development for adjustment disorder with anxiety (AjDA), and PH10, in clinical development for major depressive disorder (MDD), as well as three additional drug candidates in earlier stages of development: PH15 for cognition improvement; PH80 for migraine and hot flashes; and PH284 for appetite-related disorders. Vistagen’s acquisition of Pherin eliminates all future royalty payment obligations related to its five pherine nasal spray drug candidates.

Quick answer

VistaGen is acquiring Pherin, announced February 2, 2023. VistaGen is based in South San Francisco, California, United States.

How much did VistaGen pay for Pherin?
The deal value was not disclosed.
What does VistaGen do?
Vistagen is a late clinical-stage biopharmaceutical company headquartered in South San Francisco, CA, developing and commercializing a new class of intranasal product candidates called pherines.
Where are VistaGen and Pherin based?
VistaGen is based in South San Francisco, California, United States.
Who are the decision-makers at VistaGen?
Fundz holds 1 contact at VistaGen. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

VistaGen

Location

343 Allerton Avenue

South San Francisco, California, United States

About

Vistagen is a late clinical-stage biopharmaceutical company headquartered in South San Francisco, CA, developing and commercializing a new class of intranasal product candidates called pherines. Leveraging advanced insights into nose-to-brain neurocircuitry, Vistagen designs pherines to selectively activate peripheral nasal chemosensory receptors and rapidly trigger olfactory bulb–to-brain pathways that influence behavior and autonomic nervous system activity. Because they are engineered to work without entering the bloodstream or brain, pherines have the potential to offer safer therapeutic alternatives to existing pharmacological treatments if successfully developed and approved.

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Frequently asked

Who acquired Pherin?

Pherin was acquired by VistaGen, based in South San Francisco. The deal was reported on February 2, 2023. Vistagen is a late clinical-stage biopharmaceutical company headquartered in South San Francisco, CA, developing and commercializing a new class of intranasal product candidates called pherines. VistaGen is publicly traded (VTGN) and operates in Biotechnology.

When did VistaGen acquire Pherin?

VistaGen's acquisition of Pherin was reported on February 2, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Pherin do?

Pherin Pharmaceuticals is a privately held company focused on the discovery and development of pherines for acute, intermittent, and long-term treatment of a broad range of human diseases and disorders. It is privately held, operating in Therapeutics.

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