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Stock impact report

H.C. Wainwright Affirms ‘Buy' Rating on Atai Life Sciences N.V. (ATAI) on Psychedelic Prospects [Yahoo! Finance]

Atai Beckley N.V - Common Shares (ATAI) 
US:NASDAQ Investor Relations: ir.atai.net.cn
Company Research Source: Yahoo! Finance
Wainwright reiterated a ‘Buy' rating on the stock and a $15 price target. The positive stance follows a meeting between the research firm and the company's CEO, Srinivas Rao, at the 27th Annual Global Investment Conference. H.C. Wainwright Affirms ‘Buy' Rating on Atai Life Sciences N.V. (ATAI) on Psychedelic Prospects Source:unsplash The CEO reiterated the company's leading position in the psychedelics segment, backed by positive clinical data and the scalability of the programs in the pipeline. Management is especially bullish about the BPL-003 (intranasal mebufotenin, also known as 5-MeO-DMT) program, which is seen as a lead value driver within the interventional psychiatry framework. Growing interest in psychedelics for psychiatric applications positions Atai Life Sciences for long-term growth. AbbVie's $1.2 billion deal to acquire Gilgamesh Pharmaceuticals' bretisilocin underscores the growing interest in psychedelic treatments. Atai Life Sciences N.V. (NASDAQ: ATAI) is Show less Read more
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