October 28, 2022 (Investorideas.com Newswire) This agency, with eight remedy candidates for psychological well being problems in improvement, boasts a catalyst-rich subsequent two months, famous a ROTH Capital Companions report.
Atai Life Sciences NV (ATAI:NASDAQ) anticipates, by year-end 2022, a number of catalysts involving its varied drug improvement packages for psychological well being problems, administration reiterated at its current R&D Day, reported ROTH Capital Companions analyst, Dr. Elemer Piros, in an October 25, 2022 analysis observe.
“Atai expects eight compounds in drug improvement along with the development of its digital therapeutics platform,” Piros wrote.
Given atai’s sturdy pipeline of remedy candidates and anticipated milestones, ROTH considers the biopharma a Purchase and assigns it a $32 per share value goal. Given atai is buying and selling now at about $2.89 per share, this distinction implies a big potential return on funding.
Occasions to Watch For
Piros listed every of atai’s compounds and the anticipated optimistic stock-moving occasion for every. He famous the timelines the biopharma offered are the identical as those it beforehand introduced.
The catalysts anticipated within the remaining months of 2022 for this Germany-based firm are:
1) PCN-101, R ketamine, treatment-resistant despair: efficacy outcomes from the Part 2a trial of the intravenous formulation
2) RL-007, compound, schizophrenia-associated cognitive impairment: initiation of a Part 2b randomized, placebo-controlled trial
3) KUR-101, deuterated mitragynine, opioid use dysfunction: preliminary outcomes from the two-part Part 1 trial in wholesome male volunteers
Milestones anticipated within the close to future however with out a particular date are:
4) COMP-360, psilocybin, treatment-resistant despair: launch of the Part 3 trial, design for which atai simply introduced
5) GRX-917, deuterated etifoxine, generalized anxiousness dysfunction: begin of a proof-of-concept Part 2a trial
Catalysts forecasted for subsequent 12 months are:
6) DMX-1002, ibogaine, opioid consumer dysfunction: security information in H1/23
7) VLS-01, DMT, treatment-resistant despair: security and pharmacokinetics information in H1/23
8) EMP-01, MDMA by-product, post-traumatic stress dysfunction: preliminary information in H2/23 from a Part 1 trial in 32 wholesome volunteers
With all these advancing packages and catalysts on the horizon, Atai has a busy 12 months forward.
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Disclosures For ROTH Capital Companions, atai Life Sciences N.V., October 25, 2022
Regulation Analyst Certification (“Reg AC”): The analysis analyst primarily chargeable for the content material of this report certifies the next beneath Reg AC: I hereby certify that every one views expressed on this report precisely mirror my private views in regards to the topic firm or corporations and its or their securities. I additionally certify that no a part of my compensation was, is or will probably be, straight or not directly, associated to the precise suggestions or views expressed on this report.
Disclosures: ROTH makes a market in shares of atai Life Sciences N.V. and as such, buys and sells from clients on a principal foundation. Shares of atai Life Sciences N.V. could also be topic to the Securities and Alternate Fee’s Penny Inventory Guidelines, which can set forth gross sales follow necessities for sure low-priced securities.
ROTH Capital Companions, LLC expects to obtain or intends to hunt compensation for funding banking or different enterprise relationships with the coated corporations talked about on this report within the subsequent three months. The fabric, info and info mentioned on this report apart from the knowledge relating to ROTH Capital Companions, LLC and its associates, are from sources believed to be dependable, however are under no circumstances assured to be full or correct. This report shouldn’t be used as an entire evaluation of the corporate, trade or safety mentioned within the report. Further info is offered upon request. This isn’t, nonetheless, a proposal or solicitation of the securities mentioned. Any opinions or estimates on this report are topic to vary with out discover.
An funding within the inventory might contain dangers and uncertainties that might trigger precise outcomes to vary materially from the forward-looking statements. Moreover, an funding within the inventory might contain a excessive diploma of threat and is probably not appropriate for all traders. No a part of this report could also be reproduced in any type with out the categorical written permission of ROTH.
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