VistaGen Therapeutics, Inc. (VSTA) Secures $36 Million to Accelerate Drug Rescue, Predictive Toxicology, and Drug Metabolism Programs
VistaGen Therapeutics, a biotechnology company with stem cell technology designed to improve the predictability of the drug development cycle and lower the cost of new drug R&D, just announced the signing of a strategic financing agreement with the European subsidiary of Bergamo Acquisition, a global diversified investment holding company. Bergamo’s European subsidiary has agreed to invest $36 million in VistaGen in exchange for 72 million shares of restricted VistaGen Common Stock at a price of $0.50 per share. A self-placed strategic financing without any warrants or investment banking fees, this transaction is scheduled to close on or before the last…