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VISTAGEN CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Vistagen Therapeutics, Inc. Stockholders of the Upcoming Lead Plaintiff Deadline and Encourages Investors to Contact the Firm

Key Takeaway: Bragar Eagel & Squire, P.C. has announced a class action lawsuit against Vistagen Therapeutics, Inc. on behalf of stockholders who acquired shares between April 1, 2024, and December 16, 2025. The lawsuit arises from allegations that Vistagen made materially false statements related to its Phase 3 PALISADE-3 trial of fasedienol for treating social anxiety disorder. Following the trial's failure to meet its primary endpoint, Vistagen's stock plummeted more than 80%. Investors have until March 16, 2026, to apply as lead plaintiffs in the case.
Price reaction · baseline $0.6455 (2026-01-23 close) · hit after-hours · 1 other VTGN headline(s) in the window, move may be shared
day 0 close · peak
-3.3%

Market Sentiment Analysis

CONCERNS & RISKS

  • Vistagen's stock has seen a dramatic decline of over 80% after announcing negative trial results.
  • The Phase 3 trial of fasedienol did not achieve its primary endpoint, raising significant investor concerns.
  • The lawsuit alleges that the company made misleading statements about the trial outcomes.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~6 mo
Medium dilution risk
Lead asset
AV-101
Phase 1 · Healthy

Full Press Release Details

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Vistagen (VTGN) To Contact Him Directly To Discuss Their Options
If you purchased or acquired Vistagen common stock between April 1, 2024 and December 16, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Forunato directly at (212) 355-4648.
Click here to participate in the action.
NEW YORK, Jan. 24, 2026 (GLOBE NEWSWIRE) --
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Vistagen Therapeutics, Inc. (“Vistagen” or the “Company”) (NASDAQ: VTGN) in the U.S. District Court, Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Vistagen common stock between April 1, 2024 and December 16, 2025, both dates inclusive (the “Class Period”). Investors have until March 16, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning its Phase 3 PALISADE-3 trial study of fasedienol, an investigational pherine candidate in development for the acute treatment of social anxiety disorder.
On December 17, 2025, Vistagen issued a press release announcing that the PALISADE-3 Phase 3 study of intranasal fasedienol for the acute treatment of social anxiety disorder did not demonstrate a statistically significant improvement on the primary endpoint of change on the Subjective Units of Distress Scale. In pertinent part, defendants announced the trial did not achieve its primary endpoint and there was no treatment difference between fasedienol and placebo for the secondary endpoints.
Following this news, the price of Vistagen’s common stock declined dramatically from a closing market of $4.36 per share on December 16, 2025 to $0.86 per share on December 17, 2025, a decline of more than 80%.
If you purchased or otherwise acquired Vistagen shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities,
derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.

Frequently Asked Questions

Who should contact Bragar Eagel & Squire about Vistagen losses?

Investors who purchased Vistagen stock between April 1, 2024, and December 16, 2025.

What was the outcome of the PALISADE-3 trial for fasedienol?

The trial did not show a statistically significant improvement for fasedienol.

How much did Vistagen's stock decline after the trial announcement?

Vistagen's stock fell by over 80%, from $4.36 to $0.86 per share.

What is the deadline to become a lead plaintiff in the lawsuit?

The deadline to apply is March 16, 2026.

How can investors contact the firm for more information?

Investors can call (212) 355-4648 or email investigations@bespc.com.

Last updated: Jan 24, 2026