PureTech Health Plc - ADR

NASDAQ:PRTC   12:47:35 PM EDT
50.60
-1.40 (-2.69%)
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PureTech Health Plc - ADR Stock, NASDAQ:PRTC

6 Tide Street, Suite 400, Boston, Massachusetts 02210
United States of America
Phone: +1.617.482.2333
Number of Employees:

Description

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. It operates through the following segments: Internal, Controlled Founded Entities, Non-Controlled Founded Entities, and Parent Company and Others. The Internal segment focuses in immunological, fibrotic and lymphatic system mechanisms. The Controlled Founded Entities segment consists of the Groupâ??s subsidiaries that are currently consolidated operational subsidiaries that either have, or have plans to hire, independent management teams and currently have already raised, or are currently in the process of raising, third-party dilutive capital. The Non-Controlled Founded Entities segment includes companies wherein the Group no longer holds majority voting control as a shareholder and no longer has the right to elect a majority of the members of the subsidiariesâ?? Board of Directors. The Parent Company and Other segment comprises of activities that are not directly attributable to the operating segments, such as the activities of the Parent, corporate support functions and certain research and development support functions that are not directly attributable to a strategic business segment as well as the elimination of intercompany transactions. The company was founded by Robert S. Langer Jr., Bennett M. Shapiro, and Daphne Zohar on May 8, 2015 and is headquartered in Boston, MA.