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Atai Life Sciences initiated with a Positive at Berenberg

Berenberg initiated coverage of Atai Life Sciences (ATAI) with a Positive rating. Atai has an “exciting” portfolio of psychedelic drug candidates that offer a novel approach to treating mental health disorders with high unmet need and large addressable populations, the analyst tells investors in a research note. The firm says success for just one candidate could offer significant upside to the company’s current market cap.

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