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PureTech Health plc American Depositary Shares - PRTC STOCK NEWS

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.

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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.

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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.

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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.

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PureTech Health (LSE: PRTC, Nasdaq: PRTC) announced that its Founded Entity, Vor Biopharma (Nasdaq: VOR), successfully closed its IPO, raising approximately $203.4 million by selling nearly 11.3 million shares at $18.00 per share. Following the offering, PureTech retains 3,207,200 shares of Vor, accounting for about 8.6% of Vor's outstanding shares. This capital aims to advance Vor’s engineered hematopoietic stem cell therapies for cancer treatment, bolstering PureTech’s broader pipeline of clinical-stage therapeutics.

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PureTech Health (LSE: PRTC, Nasdaq: PRTC) has sold 1 million shares of Karuna Therapeutics (Nasdaq: KRTX) for approximately $118 million via a block trade executed by Morgan Stanley. The company plans to utilize the proceeds to enhance its clinical-stage pipeline. After the sale, PureTech holds about 9% of Karuna's outstanding shares, totaling 2,406,564 shares. The transaction was authorized by shareholders on August 26, 2020, and PureTech will update its financial guidance in its upcoming 2020 Annual Report.

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Vedanta Biosciences has appointed Mark Mullikin as the new Chief Financial Officer. Mullikin brings 25 years of experience from roles in finance and investor relations at companies like Editas Medicine and Novartis. His expertise includes raising $700 million in equity capital at Editas. The company is recognized for pioneering a new category of therapies utilizing human microbiome-derived bacteria. Mullikin expressed enthusiasm about joining Vedanta at a critical growth phase, with key clinical trial results expected this year.

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PureTech Health (LSE: PRTC, NASDAQ: PRTC) announced the appointment of Mark Mullikin as Chief Financial Officer of its Founded Entity, Vedanta Biosciences. With 25 years of experience in life sciences finance, Mullikin previously raised $700 million in equity capital at Editas Medicine. His expertise includes strategic roles at Novartis and equity analysis at Adage Capital Management. Vedanta is pioneering therapies based on microbiome-derived bacteria for immune-mediated diseases, with significant clinical trial readouts expected this year.

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PureTech Health announces that its founded entity, Vor Biopharma, has priced its initial public offering (IPO) of 9,828,017 shares at $18.00 each, raising approximately $176.9 million before expenses. The shares are slated to start trading on Nasdaq under the symbol VOR on February 5, 2021, with the offering expected to close by February 9, 2021. Following the IPO, PureTech will hold 3,207,200 shares of Vor, representing about 9.0% of its outstanding shares.

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PureTech Health (LSE: PRTC, Nasdaq: PRTC) has announced the appointment of Bharatt Chowrira, Ph.D., J.D., as an executive director on its Board, effective February 1, 2021. Dr. Chowrira, who has been with the company since March 2017, continues as President and Chief of Business and Strategy. His extensive experience includes prior roles at Synlogic and Auspex Pharmaceuticals. CEO Daphne Zohar expressed confidence in Dr. Chowrira's contributions to advancing PureTech’s clinical pipeline and addressing critical health challenges.

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PureTech Health (LSE: PRTC, NASDAQ: PRTC) announces that its Founded Entity, Vor Biopharma, has received FDA clearance for its Investigational New Drug (IND) application for VOR33. This engineered hematopoietic stem cell (eHSC) therapy targets acute myeloid leukemia (AML) patients at high risk of relapse. Vor plans to start a Phase 1/2a clinical trial for VOR33 in the first half of 2021, aiming to improve post-transplant outcomes and patient survival rates. The therapy is designed to be resistant to standard CD33-targeted treatments, marking a significant advancement in AML treatment.

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FAQ

What is the current stock price of PureTech Health plc American Depositary Shares (PRTC)?

The current stock price of PureTech Health plc American Depositary Shares (PRTC) is $20.285 as of December 20, 2024.

What is the market cap of PureTech Health plc American Depositary Shares (PRTC)?

The market cap of PureTech Health plc American Depositary Shares (PRTC) is approximately 489.6M.

What does PureTech Health plc do?

PureTech Health plc is a biotechnology company that develops innovative medicines to combat serious diseases, focusing on modulating the adaptive human system.

What are the main focus areas of PureTech Health's research?

PureTech Health focuses on developing treatments for inflammatory, fibrotic, and immunological diseases, intractable cancers, lymphatic & gastrointestinal disorders, and neurological & neuropsychological conditions.

What are the key segments PureTech Health operates in?

The company operates in three key segments: Wholly-Owned Programs, Controlled Founded Entities, and Parent Companies & Others.

What are some recent achievements of PureTech Health?

PureTech Health has a robust pipeline of programs at the post-human proof of concept stage, addressing significant healthcare needs. The company has also formed numerous partnerships with research institutions and biopharma entities.

What kind of products does PureTech Health offer?

PureTech Health develops medicines designed to improve the lives of patients suffering from serious diseases, with a focus on differentiated treatments.

What is the financial condition of PureTech Health?

PureTech Health maintains a strong financial condition, supported by a diverse portfolio of wholly-owned programs and controlled founded entities.

Where is PureTech Health headquartered?

PureTech Health is headquartered in Boston, Massachusetts.

How does PureTech Health collaborate with other entities?

PureTech Health collaborates with top-tier research institutions and other biopharma companies to accelerate the development and commercialization of innovative therapies.

What makes PureTech Health's treatments unique?

The company's treatments are highly differentiated, leveraging the modulation of the adaptive human system to create transformative therapies.

What are the current projects at PureTech Health?

PureTech Health is involved in several groundbreaking projects aimed at developing effective and differentiated treatments for various serious diseases.

PureTech Health plc American Depositary Shares

Nasdaq:PRTC

PRTC Rankings

PRTC Stock Data

489.62M
23.94M
0.13%
0.04%
Biotechnology
Healthcare
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United States of America
Boston