VistaGen reports successful completion of AV-101 Phase 1 safety study for neuropathic pain

VistaGen Therapeutics, Inc., a stem cell technology company focused on drug discovery and development, today announced the successful completion of its initial Phase 1 safety study of AV-101, the Company's novel orally available prodrug candidate for treatment of neuropathic pain. Neuropathic pain, a serious and chronic condition causing pain after an injury or disease of the peripheral or central nervous system, affects approximately 1.8 million people in the U.S.

"This successful initial human safety study is an important first step towards our goal of developing AV-101 for several large market neurological diseases and disorders, including not only neuropathic pain but also epilepsy, Huntington's disease and Parkinson's disease," said Shawn K. Singh, JD, VistaGen's Chief Executive Officer. "We are grateful for the substantial financial support we have received for our AV-101 program from the U.S. National Institutes of Health, as well as the world class regulatory and development assistance we have received from Cato Research Ltd. With that ongoing support and assistance, we now expect to complete our second AV-101 Phase 1 safety study during the first quarter of 2011."