PureTech Health PLC
LSE:PRTC

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PureTech Health PLC
LSE:PRTC
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Price: 123.8 GBX 1.48% Market Closed
Market Cap: 299.2m GBX

PureTech Health PLC
Investor Relations

PureTech Health Plc engages in the provision of differentiated medicines for devastating diseases, including inflammatory, fibrotic and immunological conditions, intractable cancers, lymphatic and gastrointestinal diseases and neurological and neuropsychological disorders. The company is headquartered in Boston, Massachusetts and currently employs 66 full-time employees. The company went IPO on 2015-06-19. The firm is engaged in discovering, developing and commercializing medicines for diseases, including inflammatory, fibrotic and immunological conditions, intractable cancers, lymphatic and gastrointestinal diseases and neurological and neuropsychological disorders. The firm's wholly owned pipeline consists of six therapeutic candidates including LYT-100 (deupirfenidone), LYT-200, LYT-210, LYT-300 (oral allopregnanolone), LYT-500, and LYT-503/IMB-150. Its segments include Internal, Controlled Founded Entity, Non-Controlled Founded Entities, and Parent Company and Other. Its Internal segment is advancing wholly owned programs designed to harness immunological, fibrotic and lymphatic system mechanisms. These classes of immunomodulatory drugs are designed to treat serious diseases, including lung dysfunction, immuno-oncology, lymphatic, neurological and neuropsychological disorders.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 28, 2025
AI Summary
Q2 2025

Strong Balance Sheet: PureTech ended the half year with just under $320 million in cash, giving the company operational runway well into 2028 without needing to raise external capital.

Focused Portfolio: The company is now concentrating on three core entities—Seaport Therapeutics, Gallop Oncology, and Celea Therapeutics—which are expected to drive future growth and value.

Reduced Costs: Operating expenses dropped to just under $50 million in the first half of 2025 from $66.7 million a year earlier, mainly due to the spinout of Seaport and ongoing efforts to further reduce R&D and G&A costs.

External Funding Strategy: PureTech is using a hub-and-spoke model to seek external capital for Celea and Gallop, which is expected to further lower PureTech’s cash burn and extend its cash runway.

Pipeline Progress: Celea’s lead program, deupirfenidone, showed promising Phase IIb results in IPF patients, with plans for a Phase III trial initiation in the first half of 2026 pending FDA alignment.

Royalty Upside: PureTech expects around $300 million over time from Cobenfy royalties and milestones based on consensus analyst forecasts, with additional upside possible if label expansions succeed.

Active Partnering and Spinouts: Gallop Oncology and Celea Therapeutics are progressing towards external funding, and PureTech retains full ownership in both until these deals close.

Key Financials
Cash, Cash Equivalents and Short-term Investments
$320 million
Operating Expenses
$50 million
Seaport Therapeutics Equity Stake
35.1%
Seaport Therapeutics Post-money Valuation (Series B)
$733 million
Funding Raised by Seaport Therapeutics
$325 million
Cobenfy Royalties and Milestones
$300 million (projected cumulative, based on analyst consensus)
Earnings Call Recording
Other Earnings Calls
2025

Management

Dr. Bharatt M. Chowrira J.D., Ph.D.
CEO & Executive Director
No Bio Available
Ms. Daphne Zohar
Founder, Senior Advisor & Board Observer
No Bio Available
Dr. Robert S. Langer Jr., Ph.D., ScD
Co-Founder & Non-Executive Director
No Bio Available
Dr. Eric Elenko Ph.D.
Co-Founder & President
No Bio Available
Dr. David R. Elmaleh Ph.D.
Co-Founder & Senior Advisor
No Bio Available
Ms. Lauren A. White M.B.A.
Chief Financial Officer
No Bio Available
Mr. Eric Green M.B.A.
Chief Operating Officer
No Bio Available
Ms. Allison Mead Talbot
Head of Communications & Investor Relations
No Bio Available
Mr. Charles Sherwood III, J.D., Ph.D.
General Counsel & Company Secretary
No Bio Available
Mr. Spencer Ball
Senior Vice President of Human Resources
No Bio Available

Contacts

Address
MASSACHUSETTS
Boston
501 Boylston St Ste 6102
Contacts
+16174822333.0
puretechhealth.com