World

Peter Thiel-backed Attai Soars Compass Pathways Shares

Atai Life Sciences at Nasdaq for IPO, June 18, 2021.

Source: Nasdaq

Attai Life SciencesPeter Thiel-backed start-ups wanting to use psychedelic drugs to treat mental health have increased their stake in fellow drug developers Compass route..

Attai recently purchased another 619,095 shares of Compass Pathways, raising its stake from 19.4% to 20.8%.

The new shares were purchased for about $ 31 per share, and Atai paid a total of about $ 12 million.

Already the largest shareholder of Compass Pathways, Atai will invest about 29% in Compass Pathways in the coming weeks, according to sources close to companies that preferred to remain anonymous because the discussions are private. We are planning to increase it to.

Christian Angermayer, founder and chairman of Atai, told CNBC on Monday that he believes Compass Pathways is one of the most underrated and influential biotechnology strains.

Compass routeThiel is also investing, but wants to use psilocybin, a compound found in magic mushrooms, to treat depression.Debuted at Nasdaq At the stock exchange last September, the current market value is $ 1.4 billion.

Meanwhile, Atai went public on Nasdaq in June, raising $ 225 million with a $ 2.3 billion valuation. Inventory popped out immediately It’s 40%, but since then it’s halved in value and Atai’s current market capitalization is $ 1.7 billion.

Peter Thiel of Billionaire, co-founder of PayPal and chairman of Palantir Technologies, at a press conference in Tokyo on November 18, 2019.

Kiyoshi Ota / Bloomberg via Getty Images

Self-proclaimed drug development platform, Atai was founded to acquire, culture and develop psychedelics and other medicines that can be used to treat depression, anxiety, addiction and other mental health conditions.

There has been a growing interest in certain psychedelics since recent times Clinical trials Some have suggested that in combination with traditional solutions, or if nothing else works, some can help patients with many mental illnesses.

“Current treatment [for mental health issues] What’s there is definitely not enough. “

“I don’t want to say that it doesn’t work at all because some people are helping me, but it’s not enough,” he said.

According to the World Health Organization, about 1 billion people worldwide suffer from mental health problems.

Peter Thiel-backed Attai Soars Compass Pathways Shares

Source link Peter Thiel-backed Attai Soars Compass Pathways Shares

Back to top button