VistaGen
Therapeutics believes the U.S. pharmaceutical industry is facing a drug
discovery and development crisis. In 2012, the U.S. pharmaceutical industry
invested over $48 billion in research and development. As a result the Center
for Drug Evaluation and Research (CDER) of the U.S. Food and Drug
Administration (FDA) approved a total of 39 novel drugs, known as New Molecular
Entities (NMEs). In 2013, the FDA approved 27 NMEs.
Despite the
aforementioned monumental investment by the pharmaceutical industry, since
2003, the FDA has approved an average of 26 NMEs per year. VSTA believes the
high cost of drug development and relatively low annual total of FDA-approved
NMEs are attributable in large part to the cost of failure associated with
unexpected heart and liver safety issues. In turn, the company believes
unexpected heart and liver safety issues often result from limitations of the
major toxicological testing systems used in the pharmaceutical industry, namely
animals and cellular assays based on transformed cell and immortalized cell
lines and explanted primary cells, including human cadaver cells.
After spending
millions of dollars over nearly a decade to discover, optimize, and validate
the potential efficacy of a promising new drug candidate and subsequently move
it into preclinical development, a biotechnology or pharmaceutical company can
see their drug candidate fail to progress due to unexpected heart or liver
safety issues. The company then often discontinues the program for their
once-promising drug candidate and indefinitely pause developmental progress
despite the positive data that shows potential therapeutic and commercial
benefits. As a result, the company’s significant prior investment in discovery
and development may be lost.
VistaGen is in the
business of believing that using human heart and liver cells can make better
toxicological testing systems and better drug candidates. The company believes
that the human heart and liver cells they make, and the toxicological testing
systems in which they use them, can transform drug development in the
pharmaceutical industry. It is estimated that about one-third of all potential
new drugs candidates fail in preclinical or clinical development due to
unexpected safety concerns.
For more information
visit www.vistagen.com
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