Vistagen reports Q3 EPS (22c), consensus (30c)

Reports Q3 revenue $411.4K, consensus $540K. At December 31, 2023, the Company had cash and cash equivalents of approximately $126.6 million. “Momentum from clinical and corporate milestones achieved through the end of last quarter have significantly advanced our efforts to develop and commercialize fasedienol as a potential first-in-class acute treatment for adults with social anxiety disorder. Building on the positive results of our PALISADE-2 Phase 3 trial in SAD, we remain on track to initiate our PALISADE-3 Phase 3 trial in SAD during the first half of this year,” said Shawn Singh, Chief Executive Officer of Vistagen. “In parallel, we continue to make significant progress toward Phase 2B development of two additional clinical-stage neuroscience assets in our pipeline, itruvone for major depressive disorder and hormone-free PH80 for women’s health indications, including vasomotor symptoms (hot flashes) due to menopause.”