Atai Life Sciences Wins $11.4 Million Grant From National Institutes of Health

MT Newswires Live09-18

ATAI Life Sciences (ATAI) said Thursday it was awarded a multi-year, milestone-driven grant worth up to $11.4 million by the National Institute on Drug Abuse, under the National Institutes of Health.

The grant will provide non-dilutive funding to advance Atai Life Sciences' 5-HT2A/2C receptor agonist program, which aims to develop novel compounds that will modulate serotonin receptors implicated in addiction, the company said.

Shares of the company were up nearly 3% in recent Thursday premarket activity.

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