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ATAI Stock Slips After Blockbuster Week: Cathie Wood Calls $3.8B Lilly Deal ‘Well-Deserved’ Return For Shareholders

ARK Investment Management founder-CEO Cathie Wood cheered Eli Lilly’s $3.8 billion AtaiBeckley acquisition on Sunday, calling it a “well-deserved” payoff for shareholders and a validation of Christian Angermayer’s psychedelic vision.ATAI stock rose 1% on Friday, adding 40% over the past five sessio…

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AtaiBeckley Soars as Eli Lilly Agrees to $2.8 Billion Buyout

taiBeckley NASDAQ:ATAI, a New York-based developer of psychedelic-based treatments for mental health conditions, rose 34.70% premarket after Eli Lilly NYSE:LLY said it would acquire the company for up to $3.8 billion. Lilly will pay $6.75 a share in cash, or about $2.8 billion, a 26% premium to Wed…

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