AtaiBeckley Is Said to Explore Options for Main Psychedelic Drug

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000AtaiBeckley Inc. is working with advisers to explore options for its flagship psychedelic drug candidate, according to people familiar with the matter.The firm is looking at a potential sale or partnership for BPL-003, a nasal spray for treatment of severe depression that’s entering phase 3 clinical trials, the people said. AtaiBeckley is aiming to fetch $2 billion or more from a deal and has picked Jefferies Financial Group Inc. and JPMorgan Chase & Co. to lead talks with other pharmaceutical companies, said the people, who asked not to be identified as the information is private.