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Stock impact report

Psychedelic Stock Deep Dive: Atai Life Sciences [Seeking Alpha]

ATAI Life Sciences N.V. - Common Shares (ATAI) 
US:NASDAQ Investor Relations: ir.atai.net.cn
Company Research Source: Seeking Alpha
Summary After the FDA's rejection of Lykos Therapeutics' NDA for MDMA therapy, we take a more complete look at major psychedelic stocks. Atai Life Sciences is an early mover with a unique company structure and diverse pipeline that could minimize risk. Atai's stock is at historic lows, but with several upcoming Phase 2 milestones, a long-term position in ATAI could be a smart move. Alistair Berg With the FDA's recent rejection of Lykos Therapeutics' New Drug Application for MDMA therapy, investors are wondering which psychedelic stocks are best positioned to survive and thrive after the FDA's decision. As mentioned in previous psychedelic stock coverage , the FDA's rejection of MDMA therapy in its current form doesn't doom MDMA as a future therapy, nor does it necessarily hurt other psychedelic medicine firms. If anything, the FDA's decision could potentially bestow some advantages to other top psychedelic stocks. We'll dig a little deeper with a more complete look at the Show less Read more
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