Atai Life Sciences and Beckley Psytech have completed their strategic combination to form AtaiBeckley, a biopharmaceutical company focused on developing transformative mental health therapies. The transaction was approved by approximately 98% of atai shareholders at an extraordinary general meeting. The combined company features an industry-leading pipeline, including BPL-003 (mebufotenin benzoate nasal spray) as a Phase 3-ready asset, as well as Phase 2 assets VLS-01 (DMT buccal film) and EMP-01 (oral R-MDMA). Beckley shareholders, certain equity award holders, and consultants will receive approximately 105 million new AtaiBeckley shares, representing about 28% of the combined company. AtaiBeckley reports a strong cash position, with sufficient funding to support operations into 2029, including through anticipated topline data from the first Phase 3 trial of BPL-003.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ATAI Life Sciences NV published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9569295-en) on November 05, 2025, and is solely responsible for the information contained therein.
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