PureTech Health plc American Depositary Shares - PRTC STOCK NEWS

PureTech Health announces Jon David as the new Chief Product Officer of its Founded Entity, Akili Interactive. With over 20 years in the gaming industry, David is expected to drive Akili's product pipeline, developing innovative cognitive treatments that feel like high-end entertainment. His leadership experience includes positions at Glu Mobile and PopCap Games, where he contributed to hit franchises. This strategic appointment underscores Akili's commitment to merging entertainment with therapeutic solutions as it prepares for its merger with Social Capital Suvretta Holdings Corp. I.

Gelesis Holdings Inc. (NYSE: GLS) announced promising preliminary results from its media campaign launched on January 31, 2022. Patient prescriptions for Plenity surged 3.5-fold within three weeks, accompanied by a threefold increase in web traffic. Gelesis anticipates $58 million in net revenue for 2022, reinforcing prior guidance. Approximately 4,700 new Plenity members joined weekly, with 70% being new to prescription weight management. Healthcare provider prescriptions doubled since the campaign's inception, showcasing a robust response to the digital-first strategy.

Vedanta Biosciences, a clinical-stage company based in Cambridge, Massachusetts, is pioneering new oral therapies derived from defined bacterial consortia. CEO Bernat Olle, Ph.D., will participate in a panel at the Chardan Metagenomics and Microbiome Medicines Summit on March 1, 2022. The panel, titled 'Great Debate - Is the Term “Microbiome” Drug Development Passé?', is set for 3:15 PM ET, followed by Olle's presentation at 4:30 PM ET. The company focuses on treating high-risk C. difficile infections, inflammatory bowel diseases, and more.

PureTech Health announced significant findings from a study on AKL-T01 (EndeavorRx) for children with ADHD. The research demonstrated enhanced brain activity related to attention, as evidenced by increased midline frontal theta (MFT) activity in EEG readings. This activity correlated with improved behavioral measures, as parents reported a decrease in inattention symptoms. The study, published in PLOS ONE, reinforces EndeavorRx's efficacy in targeting cognitive functions, paving the way for ongoing clinical development and commercialization.

PureTech Health (Nasdaq: PRTC) announces that its Founded Entity, Akili Interactive, has filed a Form S-4 registration with the SEC concerning its proposed business combination with Social Capital Suvretta Holdings Corp. I (Nasdaq: DNAA). This filing includes a preliminary proxy statement/prospectus with critical details about Akili. The merger is anticipated to conclude by mid-2022, leading to Akili being listed on Nasdaq under the new ticker symbol “AKLI.” The registration statement is available for review on the SEC's website.

PureTech Health plc (Nasdaq: PRTC, LSE: PRTC), a clinical-stage biotherapeutics company, announced that Bharatt Chowrira, Ph.D., J.D., and Julie Krop, M.D., will participate in a fireside chat at the SVB Leerink 11th Annual Global Healthcare Conference on February 17, 2022, at 10:00 am EST. The presentation can be accessed via webcast on their investors’ page. With a robust pipeline of 25 therapeutics, PureTech focuses on developing differentiated medicines for severe diseases, including inflammatory and neurological conditions.

Gelesis Holdings (NYSE: GLS) has launched the "Who Said?" marketing campaign for Plenity, aiming to challenge cultural norms around weight loss. This campaign targets the 70% of Americans struggling with excess weight and promotes a new approach to weight management without deprivation. Plenity is FDA-cleared and uses a biomimetic method to enhance satiety, resulting in an average weight loss of 22 pounds in clinical trials. Gelesis anticipates $58 million in revenue for 2022 during its first full year post-launch.

Follica, a biotechnology company, presented survey data on androgenetic alopecia (AGA) treatment at the 2022 Winter Clinical Dermatology Conference. The survey of 303 male participants aged 18-49 revealed significant dissatisfaction with existing AGA treatments, with 64% noting a negative impact on their lives. An overwhelming 74% expressed interest in a novel investigational in-office treatment. The findings underscore the unmet needs in AGA therapies and the potential market for Follica's innovative approach, expected to advance through upcoming clinical trials.