Investment
Features
FeesSafety
Academy
More
Pluang+

Eli Lilly to buy psychedelic drugmaker AtaiBeckley for $2.8B to boost mental health drug pipeline

Company Fundamentals
16 Jul 2026
CNBC
View Source
Bullish
pluang ai news

Eli Lilly announced it will acquire psychedelic drugmaker AtaiBeckley for $2.8 billion upfront, gaining access to experimental drugs targeting mental health conditions like treatment-resistant depression. AtaiBeckley's lead drug, a DMT-based nasal spray in Phase 3 trials, could offer new treatment options with initial results expected in 2029. The deal includes potential additional payments of up to $1 billion based on drug development milestones. This acquisition highlights growing momentum in psychedelic therapies and Lilly's aggressive expansion strategy in healthcare.

More News (LLY)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App