Welcome to our dedicated page for PureTech Health plc American Depositary Shares news (Ticker: PRTC), a resource for investors and traders seeking the latest updates and insights on PureTech Health plc American Depositary Shares stock.
PureTech Health plc (symbol: PRTC) is a cutting-edge biotechnology company committed to developing and commercializing innovative medicines that address serious diseases. Headquartered in Boston, Massachusetts, PureTech Health specializes in modulating the adaptive human system to create transformative treatments.
The company's core business is focused on discovering and advancing highly differentiated medicines aimed at a wide range of devastating conditions. These include inflammatory, fibrotic, and immunological diseases, as well as intractable cancers, lymphatic and gastrointestinal disorders, and neurological and neuropsychological issues. PureTech Health operates through three key segments: Wholly-Owned Programs, Controlled Founded Entities, and Parent Companies & Others.
Recent Achievements
PureTech Health boasts a robust pipeline of advanced programs that are at the post-human proof of concept stage, targeting some of the most pressing healthcare needs globally. The company's innovative approach has resulted in numerous partnerships and collaborations with leading research institutions and other biopharma entities.
Current Projects
Currently, PureTech Health is involved in several groundbreaking projects aimed at developing treatments that can significantly improve patient outcomes. These projects leverage the company's expertise in modulating the adaptive human system to create therapies that are not only effective but also highly differentiated from existing treatments.
Financial Condition
PureTech Health's financial condition remains strong, supported by a diverse portfolio of wholly-owned programs and controlled founded entities. The company's strategic investments and collaborations have positioned it well to continue driving innovation in the biopharma space.
Partnerships and Collaborations
Collaboration is at the heart of PureTech Health's strategy. The company has established numerous partnerships with top-tier research institutions and other biopharma companies to accelerate the development and commercialization of its innovative therapies.
Products
PureTech Health's product portfolio includes a range of medicines designed to address some of the most challenging diseases. These products are developed with a focus on significantly improving the quality of life for patients.
PureTech Health (Nasdaq: PRTC) announced that its Founded Entity, Akili Interactive, is collaborating with Weill Cornell Medicine, NewYork-Presbyterian Hospital, and Vanderbilt University Medical Center to evaluate AKL-T01 as a treatment for cognitive dysfunction in COVID-19 survivors, commonly known as 'COVID brain fog'. The studies will investigate AKL-T01's effect on cognitive functioning through two randomized, controlled trials. With no current approved treatments for this condition, the studies aim to start recruitment next month, addressing a significant unmet medical need.
PureTech Health (Nasdaq: PRTC) notes the publication of data from the STARS Adjunct study by its Founded Entity, Akili Interactive, which evaluated the impact of EndeavorRx (AKL-T01) on ADHD symptoms in children. The study showed statistically significant improvements in all endpoints, marked by enhancements in daily life as rated by parents and clinicians. The results, published in Nature Digital Medicine, support previous FDA data leading to EndeavorRx's approval in June 2020, highlighting the potential of digital therapeutics in ADHD treatment.
PureTech Health (Nasdaq: PRTC, LSE: PRTC) announces the retirement of Chief Operating Officer Stephen Muniz, effective May 17, 2021. Bharatt Chowrira, President and Chief of Business and Strategy, will take over Muniz's responsibilities. CEO Daphne Zohar praised Muniz's contributions during his 13-year tenure, emphasizing his role in building a strong operations and legal team. PureTech focuses on developing innovative therapies for severe diseases, with a pipeline of 24 therapeutics, including two with FDA clearance.
PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) will release its annual report and financial results on April 15, 2021, covering the fiscal year ending December 31, 2020. This report will detail the company's financial status, including cash balances for Q1 2021, and offer insights into its Wholly Owned Pipeline and Founded Entities as well as its environmental, social, and governance (ESG) practices. A conference call for analysts is scheduled for the same day at 9:00 AM EDT, with a live webcast available on the company's investor website.
PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) announced that Chief Financial Officer George Farmer, Ph.D., will present at the Barclays Global Healthcare Conference on March 10th at 10:20 AM EST. A webcast of the presentation will be available on the company's investor relations page. PureTech focuses on developing innovative medicines for critical diseases, boasting a pipeline of 24 products, including two that received FDA clearance and European marketing authorization. The company leverages unique insights into the brain, immune, and gut systems to drive its research and development efforts.
PureTech Health (NASDAQ: PRTC) notes the announcement from its Founded Entity, Karuna Therapeutics (NASDAQ: KRTX), regarding the pricing of its public offering. Karuna will offer 2,083,334 shares at $120.00 per share, aiming for gross proceeds of approximately $250 million. An additional 312,500 shares may be purchased by underwriters within 30 days. The offering is expected to close around March 4, 2021. Goldman Sachs and J.P. Morgan are the joint book-running managers for this offering.
Vedanta Biosciences, a pioneering clinical-stage microbiome company, announced participation in several virtual investor conferences. Key events include the Chardan 3rd Annual Microbiome Medicines Summit on March 8, 2021, at 2:00 PM ET; the H.C. Wainwright Global Life Sciences Conference on March 9, 2021, at 7:00 AM ET; and the Credit Suisse 2021 Healthcare Innovators Series on March 11, 2021, at 12:20 PM ET. The company focuses on developing oral therapies for immune-mediated diseases using rationally defined bacterial consortia.
PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) has published a research paper in the Journal of Controlled Release demonstrating preclinical proof-of-concept for its Glyph platform technology. This platform enables targeted oral administration of therapeutics like mycophenolic acid directly to the lymphatic system, bypassing first-pass metabolism. The study showed an over 80-fold increase in lymphatic uptake and a more than 20-fold increase in concentrations in mesenteric lymph nodes. This innovative delivery method may enhance treatment for autoimmune diseases and cancers.
PureTech Health (Nasdaq: PRTC) acknowledges the publication of Karuna Therapeutics' EMERGENT-1 Phase 2 trial results for KarXT, aimed at treating schizophrenia, in the New England Journal of Medicine. The trial demonstrated a statistically significant 11.6-point reduction in PANSS total score compared to placebo at Week 5 (p<0.0001). Incidences of side effects were similar in both treatment groups. KarXT is now advancing into Phase 3 development, providing a potential novel therapy for over 21 million people globally affected by schizophrenia.
PureTech Health plc (LSE: PRTC, Nasdaq: PRTC) announces the participation of key executives in the SVB Leerink 10th Annual Global Healthcare Conference on February 26 at 10:00 AM EST. The panel will feature Bharatt Chowrira, George Farmer, and Michael Chen, who will discuss the company's ongoing efforts in developing innovative biotherapeutics for serious diseases. A live webcast of the event will be available for interested stakeholders.
FAQ
What is the current stock price of PureTech Health plc American Depositary Shares (PRTC)?
What is the market cap of PureTech Health plc American Depositary Shares (PRTC)?
What does PureTech Health plc do?
What are the main focus areas of PureTech Health's research?
What are the key segments PureTech Health operates in?
What are some recent achievements of PureTech Health?
What kind of products does PureTech Health offer?
What is the financial condition of PureTech Health?
Where is PureTech Health headquartered?
How does PureTech Health collaborate with other entities?
What makes PureTech Health's treatments unique?
What are the current projects at PureTech Health?
