ATAI Life Sciences Acquires Majority Stake in Kures

July 9, 2020

ATAI Life Sciences AG acquired a majority stake in New York–based pharmaceutical company Kures to advance Kures' mitragynine-derived therapeutic candidates (KUR-101 and KUR-002) targeting pain and opioid use disorder. The deal brings Kures onto ATAI's biotech platform and appoints ATAI CSO Srinivas Rao as Kures CEO to accelerate development and integrate the assets into ATAI's mental-health-focused pipeline.

Buyers
ATAI Life Sciences AG
Targets
Kures
Industry
Biotechnology
Location
New York, United States
Transaction Type
Buyout

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