AtaiBeckley climbs after kicking off Phase 3 for BPL-003 in depression
AtaiBeckley Inc. jumped 7.8% to $4.14 on Tuesday. Chief Executive Srinivas Rao said the company’s lead depression drug, BPL-003, advanced into Phase 3 trials. ATAI shares on Nasdaq moved between $3.83 and $4.34. Volume was close to 10 million shares. This is important as the company has moved from the planning stage to executing on its core asset. Phase 3 is the late-stage human trial, often the final hurdle for approval if the results hold up.