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Pin to quick picksPuretech Share News (PRTC)

Share Price Information for Puretech (PRTC)

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Share Price: 360.50
Bid: 362.00
Ask: 363.00
Change: 0.00 (0.00%)
Spread: 1.00 (0.28%)
Open: 369.00
High: 369.00
Low: 358.00
Yest. Close: 360.50
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IN BRIEF: PureTech Sells 1.3 Million Karuna Shares For USD100 Million

Wed, 26th Aug 2020 14:15

PureTech Health PLC - Boston-based biotechnology - Sells 1.3 million shares in investee Karuna Therapeutics via a block trade conducted by Goldman Sachs for around USD100 million. This comes after PureTech in January had sold 2.1 million shares in Karuna, also via Goldman Sachs, for USD200 million. Following the sale, PureTech holds 3.4 million Karuna shares or a 13% stake.

PureTech has agreed not to sell any more Karuna shares for 45 days from now.

Separately, PureTech notes that founding entity Vor Biopharma has named John King as chief commercial officer. King was CCO of Ra Pharmaceuticals Inc, which was acquired by UCB SA of Belgium in April. Last month, Vor had appointed to its board David Lubner, the chief financial officer of Ra.

Current stock price: 273.50 pence

Year-to-date change: down 15%.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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