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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 announces a proposed capital return of $100 million to shareholders through a Tender Offer at 250 pence per Ordinary Share Premium of 25%. This follows the completion of Karuna Therapeutics' $14 billion acquisition by Bristol Myers Squibb. The Tender Offer, subject to shareholder approval, will be launched after the Company's Full Year Results in April 2024.
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PureTech Health plc announces the completed acquisition of Karuna Therapeutics, Inc. by Bristol Myers Squibb for approximately $14 billion. PureTech to receive $293 million gross proceeds from its equity position in Karuna. KarXT, a potential first-in-class treatment for schizophrenia, has a Prescription Drug User Fee Act (PDUFA) date of September 26, 2024. Bristol Myers Squibb expects the transaction to be dilutive to its non-GAAP diluted earnings per share by approximately $0.30 in 2024.
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PureTech Health plc receives orphan drug designation from the FDA for LYT-200 in the treatment of acute myeloid leukemia (AML), showcasing potential for a novel and effective therapy. The FDA recognition validates the innovative approach of targeting galectin-9 with LYT-200, offering hope for patients with relapsed or refractory AML.
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PureTech Health plc (PRTC) announces participation in upcoming investor conferences, showcasing key management team members and presenting webcasts for investor access.
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PureTech Health's Japanese partner, Shionogi & Co. Ltd, submits Akili's digital therapeutic SDT-001 for marketing approval in Japan, a localized version of AKL-T01. The Phase 3 clinical trial results show significant improvements in pediatric ADHD patients. Positive outcomes pave the way for potential nationwide marketing approval.
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PureTech Health plc (PRTC) to present at 42nd Annual J.P. Morgan Healthcare Conference
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PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) announced that its Founded Entity, Karuna Therapeutics, Inc., and Bristol Myers Squibb (NYSE: BMY) have entered into a definitive merger agreement under which Bristol Myers Squibb has agreed to acquire Karuna for $330.00 per share in cash, for a total equity value of $14.0 billion, or $12.7 billion net of estimated cash acquired.
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PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) announced favorable safety profile and anti-tumor activity of LYT-200 in combination with tislelizumab. Initial results show promise for patients with head and neck cancers, where historical outcomes are poor with response rates of less than 20 percent on standard-of-care treatments.
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Karuna Therapeutics (KRTX) announced positive results from its Phase 1b open-label, eight-week inpatient trial evaluating the effect of KarXT on 24-hour ambulatory blood pressure in adults with schizophrenia. KarXT demonstrated a mean change from baseline to week 8 in 24-hour ambulatory systolic blood pressure of -0.59 mmHg, ruling out a clinically meaningful increase in blood pressure. The trial showed that KarXT was generally well tolerated, with a side effect profile consistent with prior trials in the EMERGENT program.
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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
Link
United States of America
Boston