Shares in atai Life Sciences down 90% since IPO
On Friday, atai Life Sciences shared results from its Phase IIa trial with PCN-101, R-ketamine, for treatment-resistant depression.
Disappointingly, the study did not meet its primary endpoint of a statistically significant change in Montgomery-Åsberg Depression Rating Scale (MADRS) scores.
After the announcement, atai shares fell 40% in pre-market trading, and as of writing are down 33%.
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