5 Best Fast Growing Penny Stocks to Buy Right Now

3. AtaiBeckley Inc. (NASDAQ:ATAI)

Number of Hedge Fund Holders: 23

AtaiBeckley Inc. (NASDAQ:ATAI) is one of the best fast growing penny stocks to buy right now. On April 22, AtaiBeckley announced expanded Phase 2a results for EMP-01 (oral R-MDMA), showing significant and consistent improvements for adults with Social Anxiety Disorder/SAD. The trial showed a 38% reduction in patient-reported symptoms and a 32% reduction in real-world avoidance behaviors at Day 43, following a two-dose regimen administered without psychotherapy. Notably, 49% of patients treated with EMP-01 were identified as “responders” by both clinicians and themselves, compared to just 12–15% in the placebo group.

The data suggested that EMP-01 may offer a more rapid and durable alternative to current standards of care, such as SSRIs, which typically require daily dosing and longer treatment periods. Improvements were observed across both fear and avoidance subscales, indicating that participants were more capable of engaging in social situations with reduced distress. Clinical experts highlighted the reduction in subtle avoidance behaviors as a particularly meaningful outcome that is rarely captured in traditional medication trials.

On the safety front, EMP-01 was well tolerated with a 97% patient retention rate and no severe or serious adverse events reported. The company plans to continue the development of this candidate as a differentiated, intermittent treatment option designed for scalable outpatient use. With ~30 million adults affected by SAD in the US alone, AtaiBeckley Inc. (NASDAQ:ATAI) aims to address a major unmet need for the roughly 50% of patients who do not respond adequately to existing first-line therapies.

AtaiBeckley Inc. (NASDAQ:ATAI) is a clinical-stage biopharmaceutical company focused on developing treatments for mental health disorders.