๐ฐ ATAI rockets +34% as Eli Lilly $LLY snaps up the biotech for $2.8B
Shares of AtaiBeckley (ATAI) exploded 34% midday after pharma giant Eli Lilly announced plans to acquire the biotech for $2.8 billion in cash. LLY continues its aggressive pipeline-building strategy with another major bolt-on deal. If you were holding ATAI this morning, today was a very good day. Not financial advice. Are you watching small-cap biotech names for M&A potential?
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