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
Website
Status
Acquired
Customer focus
B2C
Revenue model
Product sales
Revenue
$4M (Jul 2026)
Valuation
$3.8B (acquired Jul 2026)
Sectors
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.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 15 Jul 2026 | Strategic M&A | $3.8B | 929.1x |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $950M | $190M | $3.8B | 3.8x | ||
| Publicly listed | $1.2B | $330M | $3.8B | 2.8x | ||
| Publicly listed | $589M | $321M | $3.9B | 5.3x | ||
| Publicly listed | $219M | ($155M) | $3.7B | 32.6x | ||
| Private | - | - | $4.2B | - | ||
| Private | - | $301M | $4.2B | - |
AtaiBeckley Public Comps
AtaiBeckley is no longer listed, but its public comps include Emcure Pharmaceuticals, Shijiazhuang Yiling, Catalyst Pharmaceuticals, IDEAYA Biosciences, Tarsus Pharmaceuticals, Enliven Therapeutics, Simcere Pharmaceutical Group, Zhejiang Huahai, Santen Pharmaceutical and Tango Therapeutics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $950M | $190M | 4.1x | 3.8x | 20.7x | 19.2x | |||
| $1.2B | $330M | 3.0x | 2.8x | 10.5x | 12.4x | |||
| $589M | $321M | 5.3x | 5.3x | 9.7x | 9.7x | |||
| $219M | ($155M) | 13.4x | 32.6x | (18.9x) | (7.8x) | |||
| $451M | ($70M) | 7.4x | 5.2x | (47.5x) | - | |||
| - | ($119M) | - | - | (23.3x) | (20.3x) | |||
| $1.2B | $289M | 2.8x | 2.4x | 11.3x | 10.5x | |||
| $1.3B | $248M | 3.6x | 3.4x | 18.6x | 14.7x | |||
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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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