ATAI Life Sciences BVCompletion of Phase 2b trial dosing for VLS-01, a key pipeline milestone for treatment-resistant depression.

AtaiBeckley Inc. has completed patient dosing in its Phase 2b Elumina clinical trial evaluating VLS-01, a DMT buccal film, for treatment-resistant depression. The multi-center, double-blind, placebo-controlled study enrolled 156 participants, with topline results expected in the fourth quarter of 2026. The company plans to advance VLS-01 into Phase 3 development for major depressive disorder, while generalized anxiety disorder remains a potential future indication. Canaccord raised its price target on ATAI to $17 from $15 and maintained a Buy rating, noting the trial remains on track.
ATAI Life Sciences BVCompletion of Phase 2b trial dosing for VLS-01, a key pipeline milestone for treatment-resistant depression.
Canaccord raised its price target on ATAI, reflecting positive analyst sentiment.