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Vistagen Therapeutics is a biopharma company developing intranasal pherine medicines for neuropsychiatric and CNS indications. These medications target nose-to-brain neural circuits and provide rapid symptom relief with minimal side effects. The company's lead candidate, PHX-177, is in Phase 1 clinical trials for treatment-resistant depression. Vistagen plans to submit an NDA for PHX-177 in 2026, which will be a make-or-break moment for the company.

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