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Eli Lilly in Talks to Buy Psychedelic Drugmaker

OBBM Network Editorial Staff
July 15, 2026
Eli Lilly In Talks To Buy Psychedelic Drugmaker

Eli Lilly is in talks to acquire psychedelic drugmaker AtaiBeckley, with a deal possibly announced this week, according to Bloomberg News. AtaiBeckley shares soared 66% in aftermarket trading, while Lilly was flat. AtaiBeckley was up 31% so far this year and had a market value of $1.97 billion as of Wednesday’s close.

Psychedelic-Based Treatments

New York-based AtaiBeckley focuses on psychedelic-based treatments for mental health conditions and is developing BPL-003, an intranasal formulation of 5-MeO-DMT for treatment-resistant depression. The company’s shares received a boost this year after U.S. President Donald Trump ordered health regulators to speed up reviews of psychedelic treatments and increased federal funding for their research.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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