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Vistagen Therapeutics, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before March 16, 2026 to Discuss Your Rights – VTGN

Key Takeaway: Vistagen Therapeutics, Inc. is being sued for securities law violations following the failure of its PALISADE-3 Phase 3 trial for fasedienol, a treatment for social anxiety disorder. The trial did not achieve its primary endpoint, leading to a significant stock price drop of over 80%. Shareholders who purchased VTGN shares during the specified class period are encouraged to register for the class action lawsuit. The deadline for registering and seeking lead plaintiff status is March 16, 2026.

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CONCERNS & RISKS

  • Vistagen Therapeutics faces a class action lawsuit for alleged securities law violations.
  • The company's PALISADE-3 Phase 3 trial of fasedienol failed to meet its primary endpoint.
  • Share prices plummeted over 80% following the unfavorable trial results.

Full Press Release Details

NEW YORK, Jan. 21, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Vistagen Therapeutics, Inc. (NASDAQ: VTGN).
Shareholders who purchased shares of VTGN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: April 1, 2024 to December 16, 2025
ALLEGATIONS: 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%.
DEADLINE: March 16, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/vistagen-therapeutics-inc-loss-submission-form/?id=183185&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of VTGN during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 16, 2026. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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Frequently Asked Questions

What is the class period for Vistagen's class action?

The class period for Vistagen Therapeutics is from April 1, 2024, to December 16, 2025.

What allegations are made against Vistagen Therapeutics?

Vistagen is accused of making misleading statements about its Phase 3 PALISADE-3 trial.

When did Vistagen's stock price significantly decline?

The stock price dropped over 80% on December 17, 2025, after trial results were announced.

What is the deadline to participate in the class action?

Shareholders must register by March 16, 2026, to participate in the class action.

Is there a cost to register for the class action?

There is no cost or obligation to participate in the class action against Vistagen.

Last updated: Jan 22, 2026