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Share Price: 221.00
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PureTech Health affiliate Vedanta Biosciences awarded $5.8m grant

Thu, 05th Dec 2019 08:14

(Sharecast News) - Clinical stage biotechnology company PureTech Health said on Thursday that its affiliate, Vedanta Biosciences, has been awarded a $5.8m grant for its 'VE707' programme, targeting multidrug resistant infections.
The FTSE 250 company said the grant was awarded to Vedanta by Combating Antibiotic-Resistant Bacteria Biopharmaceutical Accelerator (CARB-X), which it described as a global non-profit partnership dedicated to accelerating early development in antibacterial research and development, to address the rising global threat of drug-resistant bacteria.

It said Vedanta Biosciences is eligible for $3.5m in further funding upon completion of specific milestones.

"Increasingly the human microbiome is being colonised by dangerous bacteria and other microorganisms that have developed resistance to antimicrobial drugs, mainly through poor global stewardship of antibiotics," said PureTech president and chief of business and strategy Bharatt Chowrira.

"This grant from CARB-X recognises Vedanta's unique platform and advanced understanding of the human gut microbiome for developing live biotherapeutic products with the potential to modulate the intestinal microbiome to address a range of significant human diseases and health issues, including drug-resistant pathogens."
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23 Mar 2023 07:24

US Royalty Pharma strikes deal with PureTech Health on KarXT royalties

(Sharecast News) - US-listed Royalty Pharma has acquired an interest in PureTech Health's royalty in Karuna Therapeutics' KarXT drug for up to $500m, with $100m in cash up front and up to $400m in additional payments contingent on the achievement of certain regulatory and commercial milestones.

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20 Mar 2023 16:01

PureTech Health says Karuna KArXT trial receives positive results

(Alliance News) - PureTech Health PLC on Monday said its founded entity, Karuna Therapeutics Inc announced its phase 3 EMERGENT-3 trial of KarXT in Schizophrenia has met its primary endpoint.

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28 Feb 2023 21:05

TRADING UPDATES: Eco Atlantic swings to loss; Curtis approves takeover

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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14 Feb 2023 13:27

IN BRIEF: PureTech Health to start trials for anxiety, depression drug

PureTech Health PLC - clinical-stage biotherapeutics company - Says it will advance LYT-300 for the potential treatment of anxiety disorders and post-partum depression. A placebo-controlled, phase 2a, proof-of-concept, social anxiety clinical trial is expected to begin in the first half of 2023. Results are expected by the end of the year. An open-label, phase 2a, proof-of-concept clinical trial in women with post-partum depression is expected to begin in the second half of 2023.

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6 Jan 2023 18:31

PureTech's Alkili reports success in adolescent ADHD study

(Sharecast News) - Clinical-stage biotherapeutics investor PureTech Health announced on Friday today that its digital medicine company Akili, which it founded, announced topline results of the 'STARS-ADHD-Adolescents' label expansion study evaluating the efficacy and safety of 'EndeavorRx', or 'AKL-T01' in adolescents aged 13 to 17 with attention-deficit hyperactivity disorder (ADHD).

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6 Jan 2023 08:52

PureTech says ADHD treatment shows improved attentional functioning

(Alliance News) - PureTech Health PLC on Friday said the topline results for the pivotal trial of its EndeavorRx treatment showed "robust improvements in attention and broader clinical outcomes".

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23 Dec 2022 18:15

TRADING UPDATES: Fiinu teams with TransUnion; GRC wins pact

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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9 Dec 2022 16:35

PureTech entity Sonde raises USD19.3 million in investment round

(Alliance News) - PureTech Health PLC on Friday said that its founded entity, Sonde Health Inc, has completed a Series B investment round for the development of its voice-based health monitoring technology.

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8 Dec 2022 10:15

PureTech founded entity Vor Bio first AML patient gets transplant

(Alliance News) - PureTech Health PLC on Thursday announced that its founded entity Vor Biopharma Inc has successfully transplanted its investigational trem-Cel into a patient with acute myeloid leukemia.

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30 Nov 2022 17:33

PureTech Health advances new therapeutic candidate to clinical studies

(Alliance News) - PureTech Health PLC on Wednesday said that it had advanced LYT-310, an oral form of cannabidiol (CBD) prodrug toward clinical studies.

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13 Oct 2022 10:14

LONDON BROKER RATINGS: Mondi and Smurfit Kappa raised, DS Smith cut

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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13 Oct 2022 07:50

LONDON BRIEFING: Entain looks to World Cup; easyJet revenue improves

(Alliance News) - Stocks in London were called lower on Thursday as investors look ahead to an afternoon which may deliver the final nail in the coffin for hopes of a dovish tilt by the US Federal Reserve.

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11 Oct 2022 17:09

LONDON MARKET CLOSE: Stocks down; IMF warns "the worst is yet to come"

(Alliance News) - Stock prices in London closed lower on Tuesday, as storm clouds gathered over the global economic outlook, as UK fiscal policy also faces increasing scrutiny.

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11 Oct 2022 09:00

PureTech Health takeover talks with Nektar Therapeutics end

(Alliance News) - PureTech Health PLC on Tuesday said takeover talks with San Francisco-based biopharmaceutical company Nektar Therapeutics have been terminated.

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11 Oct 2022 08:46

LONDON MARKET OPEN: Stocks struggle again amid BoE bond market warning

(Alliance News) - Stock prices in London opened lower on Tuesday, while the pound was on the back foot as the Bank of England once again attempted to calm a tetchy, and now "stability" threatening, bond market.

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