Clinical Development RiskRisks include clinical development risk tied to BPL-003, competitor risk in relevant therapeutic areas, government regulatory risk, capital market and dilution risk, commercialization risk, reimbursement risk, pricing risk, business development risk, and clinical trial risk owing to the war in Eastern Europe.
Clinical Trial OutcomeInidascamine did not meet its primary endpoint in the Phase 2b trial for CIAS, leading to its removal from the valuation model.
Development ChallengesRecognify, which ATAI had a strategic investment in, announced that inidascamine (formerly RL-007), a non-psychedelic, did not meet its primary endpoint in a Phase 2b trial for cognitive impairment associated with schizophrenia.