Clarify Pharma PLC - London-based investor in psychedelics companies - Acquires shares valued at GBP250,000 in both Atai Life Sciences Inc and Compass Pathways PLC as part of investment strategy.
Says Atai Life Sciences is a biotech company specialising in psychedelic-based drugs. Atai's pipeline features nine programs, four of which are in the clinical testing stage. Atai's Perception Neuroscience unit partnered with Otsuka, the Japanese drugmaker, to develop R-ketamine in treating depression. This was first major collaboration between a psychedelic-focused biotech firm and a big pharmaceutical company, the company says.
Compass Pathways PLC was founded in 2015 to support the research and development of psilocybin therapy which combines the pharmacological effects of psilocybin, a psychoactive substance, with psychological support for the treatment of mental health challenges.
Executive Chair Jonathan Bixby says: "I am delighted to announce Clarify Pharma's purchase of shares in two trailblazing companies which are conducting pioneering research into psychedelic-assisted therapeutic treatment."
Current stock price: 1.03p
12-month change: down from 2.45p
By Chris Dorrell; chrisdorrell@alliancenews.com
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