Mar. 11 at 12:10 PM
$VTGN
VistaGen implemented a board-approved workforce reduction of about 20%. The change is intended to manage cash while prioritizing ongoing clinical studies in its PALISADE program for fasedienol for acute treatment of social anxiety disorder. The company said it expects topline results from the PALISADE-4 Phase 3 trial in the first half of 2026 and expects cash runway into 2027. Affected employees may receive cash severance and temporary healthcare coverage if they sign a separation agreement that includes a general release of claims.