AtaiBeckley Acquisition & Valuation

AtaiBeckley was acquired by Eli Lilly for $3.8B in July 2026.

AtaiBeckley acquisition price

$3.8B

Acquired by Eli Lilly · Jul 2026

AtaiBeckley revenue at acquisition

$4M

Last twelve months · Jul 2026

AtaiBeckley Overview

About AtaiBeckley

AtaiBeckley Inc is a clinical-stage biopharmaceutical company on a mission to transform patient outcomes by developing effective, rapid-acting, and convenient mental health treatments. AtaiBeckley's pipeline of novel therapies includes BPL-003 (mebufotenin benzoate nasal spray) for treatment-resistant depression (TRD), VLS-01 (DMT buccal film) for TRD and EMP-01 ((R)-MDMA HCI) for social anxiety disorder, which are in Phase 2 clinical development.


Founded

2020

HQ

United StatesBerlin

Status

Acquired

Customer focus

B2C

Revenue model

Product sales

Revenue

$4M (Jul 2026)

Valuation

$3.8B (acquired Jul 2026)

AtaiBeckley Acquisition

AtaiBeckley was acquired by Eli Lilly for $3.8B on 15 July 2026.

Eli Lilly agreed on July 16, 2026, to acquire clinical-stage biopharmaceutical company AtaiBeckley in an all-cash and contingent value right (CVR) deal valued at $2.8 billion upfront, with total potential value reaching $3.8 billion. The transaction structure includes $6.75 per share in cash at closing plus one non-transferable CVR per share for up to an additional $2.50, tied to development and regulatory milestones for AtaiBeckley's lead programs BPL-003 (treatment-resistant depression) and VLS-01. The upfront price represents approximately a 40% premium to AtaiBeckley's 30-day volume-weighted average share price through July 15, 2026, and a 26% premium to the prior closing price of $5.36. The strategic rationale centers on Eli Lilly's expansion into the psychedelic drug race and neuroscience pipeline, adding investigational therapies for treatment-resistant depression and other mental health conditions to its portfolio. AtaiBeckley was formed in 2025 through the merger of Germany-based Atai Life Sciences and privately held Beckley Psytech, and operates as a New York-based clinical-stage biopharmaceutical company specializing in psychedelic-based mental health treatments. Jefferies analyst Andrew Tsai estimates BPL-003 could generate $1 billion to $2 billion in sales if it succeeds in late-stage trials. The deal includes milestone payments over the next four, five, and seven years, with CVRs adding up to $1.0 billion in potential value. Financial metrics such as revenue and EBITDA are not publicly disclosed for AtaiBeckley, as the company remains clinical-stage with no commercial product sales.

AtaiBeckley acquisition details
AcquirerDateTypePriceEV/Revenue
15 Jul 2026Strategic M&A$3.8B929.1x

AtaiBeckley Competitors

AtaiBeckley competitors include listed companies like Emcure Pharmaceuticals, Shijiazhuang Yiling, Catalyst Pharmaceuticals and IDEAYA Biosciences, and private ones like Biomat USA and LEO Pharma.

Public and private companies comparable to AtaiBeckley
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Emcure PharmaceuticalsIndiaIndiaPublicly listed$950M$190M$3.8B3.8x
Shijiazhuang YilingChinaChinaPublicly listed$1.2B$330M$3.8B2.8x
Catalyst PharmaceuticalsUnited StatesUnited StatesPublicly listed$589M$321M$3.9B5.3x
IDEAYA BiosciencesUnited StatesUnited StatesPublicly listed$219M($155M)$3.7B32.6x
Biomat USAUnited StatesLos Angeles, CAPrivate--$4.2B-
LEO PharmaDenmarkCopenhagenPrivate-$301M$4.2B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Emcure Pharmaceuticals$950M$190M4.1x3.8x20.7x19.2x
Shijiazhuang Yiling$1.2B$330M3.0x2.8x10.5x12.4x
Catalyst Pharmaceuticals$589M$321M5.3x5.3x9.7x9.7x
IDEAYA Biosciences$219M($155M)13.4x32.6x(18.9x)(7.8x)
Tarsus Pharmaceuticals$451M($70M)7.4x5.2x(47.5x)-
Enliven Therapeutics-($119M)--(23.3x)(20.3x)
Simcere Pharmaceutical Group$1.2B$289M2.8x2.4x11.3x10.5x
Zhejiang Huahai$1.3B$248M3.6x3.4x18.6x14.7x

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Common questions about AtaiBeckley

When was AtaiBeckley founded?AtaiBeckley was founded in 2020.
Where is AtaiBeckley headquartered?AtaiBeckley is headquartered in Berlin, United States.
Is AtaiBeckley publicly listed?No, AtaiBeckley was acquired by Eli Lilly in July 2026.
Who acquired AtaiBeckley?AtaiBeckley was acquired by Eli Lilly in July 2026.
How much was AtaiBeckley acquired for?AtaiBeckley was acquired for $3.8B in July 2026.
Which companies are comparable to AtaiBeckley?Companies comparable to AtaiBeckley include Emcure Pharmaceuticals, Shijiazhuang Yiling, Catalyst Pharmaceuticals, IDEAYA Biosciences, Biomat USA and LEO Pharma.

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