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Craig Kevin James, the Chief Medical (TASE:BLWV) Officer of ATAI Life Sciences N.V. (NASDAQ:ATAI), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, James sold 11,563 common shares on March 21, 2025, at a price of $1.35 per share. This transaction amounted to a total of $15,610. The stock has since risen to $1.57, marking a 16.3% gain over the past week. InvestingPro data shows ATAI maintains a strong balance sheet with more cash than debt and a healthy current ratio of 3.21.
The sale was conducted to cover the tax liability associated with the vesting of restricted stock units. Following this transaction, James retains 8,437 shares of ATAI Life Sciences. For comprehensive insider trading analysis and additional insights, InvestingPro subscribers have access to 8 more key tips about ATAI’s financial position and market performance.
In other recent news, ATAI Life Sciences has made a strategic move by investing $5 million in Bitcoin, diversifying its treasury reserves. This decision aligns with a broader trend among corporations to include digital assets as a hedge against financial risks. Meanwhile, ATAI has completed patient enrollment for its Phase 2b clinical trial of BPL-003, aimed at treating treatment-resistant depression. The trial involves 196 patients and will assess the efficacy of BPL-003, with results expected in mid-2025. Additionally, ATAI announced positive preliminary results from a Phase 2a study of BPL-003 for alcohol use disorder, where participants showed significant reductions in alcohol consumption.
In corporate developments, ATAI’s supervisory board member Michael Auerbach has resigned, with no disagreements cited regarding company policies. The board now comprises six members, and there is no immediate plan to fill the vacancy. Furthermore, ATAI has reshuffled its executive team, appointing Dr. Srinivas Rao as the sole CEO and promoting other key figures to advance its clinical trials. The company is actively progressing with Phase 2 trials for various treatments, including VLS-01 and EMP-01, with data expected in 2026. These recent developments reflect ATAI’s ongoing efforts in innovative mental health treatments and strategic financial management.
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