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Pin to quick picksPureTech Share News (PRTC)

Share Price Information for PureTech (PRTC)

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Share Price: 228.50
Bid: 226.50
Ask: 229.00
Change: 8.50 (3.86%)
Spread: 2.50 (1.104%)
Open: 224.00
High: 232.50
Low: 223.00
Prev. Close: 220.00
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IN BRIEF: PureTech hails schizophrenia trial results for Karuna drug

Fri, 17th Nov 2023 09:44

PureTech Health PLC - Boston, Massachusetts-based FTSE 250 biotechnology company - Founded entity Karuna Therapeutics reports "positive results" from Phase 1b trial evaluating the effects of xanomeline-trospium, brand name KarXT, on 24-hour ambulatory blood pressure in adults with schizophrenia. Karuna says KarXT does not cause clinically meaningful blood pressure increases, with an average change from baseline at week eight of minus 0.59 mmHg or millimetre of mercury. Other vital signs like average diastolic blood pressure and heart rate were consistent with previous KarXT trials in schizophrenia. Adds that KarXT was generally well-tolerated, and side effects remained consistent with prior trials under the Emergent programme. Karuna in late September announced its application to the US Food & Drug Administration for approval of KarXT to treat schizophrenia; if successful, it will be PureTech's third therapeutic candidate to gain FDA approval. KarXT is also in development to treat psychosis associated with Alzheimer's disease.

Current stock price: 178.00 pence, up 0.5% in London on Friday morning

12-month change: down 25%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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9 Apr 2020 09:09

Puretech Health revenues slide, losses widen

(Sharecast News) - Clinical-stage biotherapeutics company Puretech Health posted weaker full-year revenues and a widened operating loss on Thursday and also noted it was yet to see any impact to ongoing work as a result of the Covid-19 outbreak.

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2 Apr 2020 16:09

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3 Mar 2020 16:07

PureTech Health Doses First Patient In Phase 1 LYT-100 Study

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3 Mar 2020 08:04

PureTech begins next study of lymphoedema drug candidate

(Sharecast News) - Clinical-stage biotherapeutics company PureTech Health announced on Tuesday that the first participant has been dosed in a clinical study of 'LYT-100', its wholly-owned product candidate for the potential treatment of lymphoedema and other fibrotic conditions.

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25 Feb 2020 14:10

PureTech Health Affiliate Akili Posts Encouraging ADHD Study Results

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24 Jan 2020 12:45

Friday broker round-up

(Sharecast News) - TT Electronics: Jefferies downgrades to hold with a target price of 265p.

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23 Jan 2020 07:44

PureTech sells shares in Karuna affiliate for $200m

(Sharecast News) - Clinical stage biotech company PureTech Health said it had sold 2.1m shares of its affiliate Karuna Therapeutics for $200m.

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15 Jan 2020 13:26

PureTech Health Unit Akili's AKL-T01 Study Achieves Primary Endpoint

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19 Dec 2019 17:33

PureTech Health Affiliate Reports Positive Results In Alopecia Study

PureTech Health Affiliate Reports Positive Results In Alopecia Study

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19 Dec 2019 08:25

PureTech affiliate Follica reports 44% improvement in hair-loss study

(Sharecast News) - PureTech Health on Thursday said results from a study into a hair loss treatment developed by its affiliate Follica demonstrated a statistically significant 44% improvement in hair count.

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17 Dec 2019 16:13

PureTech's Gelesis Partners With Telehealth Firm Ro For Plenity In US

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12 Dec 2019 15:52

PureTech Health Investee Akili Delivers Positive AKL-T03 Trial Results

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10 Dec 2019 14:47

PureTech Health's Vedanta Launches First-In-Patient Study Of VE800

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9 Dec 2019 12:32

PureTech Health Investee Gelesis Gets USD85 Million For Plenity Launch

PureTech Health Investee Gelesis Gets USD85 Million For Plenity Launch

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9 Dec 2019 09:37

PureTech affiliate Gelesis secures $84.6m in new capital

(Sharecast News) - Biotechnology commercialisation company PureTech Health noted on Monday that its affiliate Gelesis had secured $84.6m (£64.26m) in new capital.

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