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      "text": "1. Mental health disorders have become one of largest global health burdens. Depression rates of US adults saw a ~3x increase since the onset of the COVID-19 pandemic. 2. As a response to the technical risks associated with CNS drug development, atai focuses on compound classes with prior evidence in humans and utilizes a decentralized drug development process. 3. 12 active programs: 8 drug and discovery programs and 4 enabling technologies, focusing on differentiated, potentially disease-modifying therapies. 4. Validation of atai’s operating model: IPO of COMPASS Pathways and validating license deal between Otsuka & Perception. 5. We have a strong cash position of approx. $312M (as of June 30th, 2022) and access to up to $175m from term loan facility with Hercules, giving cash runway into 2025",
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