AtaiBeckley climbs after kicking off Phase 3 for BPL-003 in depression
AtaiBeckley shares jumped 7.8% to $4.14 after CEO Srinivas Rao announced the start of Phase 3 trials for lead depression drug BPL-003, shifting the company into late-stage testing with results expected in early 2029; cash reserves of $209.9 million are projected to fund operations through anticipated topline readouts.