Disease-Focused Discovery
PureTech established the underlying programs and platforms that resulted in a substantial pipeline comprised of 24 products and product candidates that are being advanced both internally and through PureTech's Founded Entities, including two products that have been cleared by the FDA.
View our corporate deck.
PureTech's Components of Value
Wholly Owned Pipeline
1 | Lymphatic flow disorders, incl. lymphedema | ~1M |
Product candidate for a range of conditions involving fibrosis, inflammation and impaired lymphatic flow, including lymphedema, idiopathic pulmonary fibrosis (IPF), interstitial pneumonias, unclassifiable interstitial lung disease (uILD) and other interstitial lung disease (ILD), radiation-induced fibrosis and focal segmental glomerulosclerosis (FSGS).
1 | Serious respiratory complications that persist following COVID-19 infection |
Product candidate for a range of conditions involving fibrosis, inflammation and impaired lymphatic flow, including lymphedema, idiopathic pulmonary fibrosis (IPF), interstitial pneumonias, unclassifiable interstitial lung disease (uILD) and other interstitial lung disease (ILD), radiation-induced fibrosis and focal segmental glomerulosclerosis (FSGS).
1 | Other fibrotic & inflammatory disorders, such as IPF | ~130K (IPF or uILD) |
Product candidate for a range of conditions involving fibrosis, inflammation and impaired lymphatic flow, including lymphedema, idiopathic pulmonary fibrosis (IPF), interstitial pneumonias, unclassifiable interstitial lung disease (uILD) and other interstitial lung disease (ILD), radiation-induced fibrosis and focal segmental glomerulosclerosis (FSGS).
Preclinical | Solid tumors | >50K/year U.S. (Metastatic CRC) |
LYT-200 is an investigational, fully human, IgG4 monoclonal antibody (mAb) that is designed to target galectin-9, a protein that regulates immunosuppression and is prominently expressed in hard-to-treat cancers, such as colorectal cancer, or CRC, cholangiocarcinoma, pancreatic cancer and others.
Preclinical | Solid tumors | >50K/year U.S. (Metastatic CRC) |
LYT-210 is an investigational, fully human IgG1 monoclonal antibody (mAb) directed against the delta-1 (γδ1) chain of T cells bearing γδ1 T cell receptors (TCRs) for antibody dependent cell-mediated cytotoxicity and antibody-dependent cellular phagocytosis (ADCP).
Preclinical | Neurological indications |
LYT-300 is an oral form of FDA-approved allopregnanolone, which is currently marketed in the U.S. as ZulressoTM and administrated as a 60-hour intravenous infusion. Despite FDA approval, the 60-hr IV infusion has greatly limited the usage of Zulresso. Achieving oral bioavailability for allopregnanolone, a natural neurosteroid, may enable its usage across a range of neurological conditions.
| Phase completed | Phase in progress |
Founded Entities
>$890M
Raised with top-tier co-investors in Founded Entities since July 20181
Controlling Interest or Right to Receive Royalties
Developing therapies for people with severe neuropsychiatric disorders
Schizophrenia
~2.7M U.S.
Targeting the GI system locally to treat the genesis of chronic disease
EUROPEAN CE MARK GRANTED
Weight management
~150M U.S. (Overweight and obesity)
European CE Mark Granted
Adolescent weight management
~13.7M U.S.
Functional constipation
~35M U.S.
Weight management in type 2 diabetes (T2D)/prediabetes
~30M U.S. (T2D)
~84M U.S. (Prediabetes)
Non-alcoholic steatohepatitis/Non-alcoholic fatty liver disease
~80-100M U.S.
A regenerative platform for hair growth
Androgenetic alopecia
~90M U.S.
Skin rejuvenation
High-risk Clostridioides difficile
~100-120K/year U.S.
Food allergy
~2.5M U.S. (Peanut allergy)
Inflammatory bowel disease
~3M U.S.
Solid tumors
>46K/year U.S. (Advanced & metastatic MSS CRC)
>11K/year U.S. (Gastric cancers)
>9K/year U.S. (Melanoma)
Depression detection
~17M U.S.
Oral delivery of biologics, vaccines and other drugs
Equity Interest Only
EUROPEAN CE MARK GRANTED
Pediatric ADHD
~6.4M U.S. (Pediatric ADHD)
European CE Mark Granted
Parkinson’s/MCI
Traumatic brain injury
Pediatric autism
~1.5M U.S.
Multiple sclerosis
~900K U.S.
Major depressive disorder
~17M U.S.
Major depressive disorder
~17M U.S.
ADHD caregiver app
Note: This figure represents the stage of development for each Founded Entity’s most advanced product candidate. While PureTech maintains ownership of equity interests in its Founded Entities, the Company does not, in all cases, maintain control over these entities (by virtue of (i) majority voting control and (ii) the right to elect representation to the entities’ board of directors) or direct the management and development efforts for these entities. Consequently, not all such entities are consolidated in the financial statements. Where PureTech maintains control, the entity is referred to as a Controlled Founded Entity in this report and is consolidated in the financial statements. Where PureTech does not maintain control, the entity is referred to as a Non-Controlled Founded Entity in this report and is not consolidated in the financial statements. As of June 30, 2020, Controlled Founded Entities include Alivio Therapeutics, Inc., Follica, Incorporated, Entrega, Inc., Vedanta Biosciences, Inc. and Sonde Health, Inc., and Non-Controlled Founded Entities include Akili Interactive Labs, Inc., Gelesis, Inc., Karuna Therapeutics, Inc., and Vor Biopharma Inc. Relevant ownership interests for Founded Entities were calculated on a diluted basis (as opposed to a voting basis) as of June 30, 2020, including outstanding shares, options and warrants, but excluding unallocated shares authorized to be issued pursuant to equity incentive plans. Ownership of Vor is based on the assumption that all future tranches of the most recent financing round are funded. Karuna ownership is calculated on an outstanding voting share basis as of July 31, 2020.
1. Funding figure includes private equity financings, public offerings or grant awards. Funding figure excludes upfront payments and future milestone considerations received in conjunction with partnerships and collaborations such as those with Roche, Boehringer Ingelheim, Imbrium Therapeutics L.P., Shionogi & Co., Ltd. or Eli Lilly.
2. Following the completion of a successful End-of-Phase 2 meeting with the U.S. FDA, Karuna remains on track to initiate the first Phase 3 trial in the EMERGENT program by the end of 2020.
3. Important Safety Information: Plenity is contraindicated in patients who are pregnant or are allergic to cellulose, citric acid, sodium stearyl fumarate, gelatine, or titanium dioxide. Plenity may alter the absorption of medications. Read Sections 6 and 8.3 of the Instructions for Use carefully. Avoid use in patients with the following conditions: esophageal anatomic anomalies, including webs, diverticuli, and rings; suspected strictures (such as patients with Crohn’s disease); or complications from prior gastrointestinal (GI) surgery that could affect GI transit and motility. Use with caution in patients with active GI conditions such as gastro-esophageal reflux disease (GERD), ulcers or heartburn. The overall incidence of adverse events (AEs) in the Plenity group was no different than the placebo group. The most common side effects were diarrhea, distended abdomen, infrequent bowel movements, and flatulence. For the safe and proper use of Plenity, U.S. Instructions for Use or the EU Instructions for Use.
4. These product candidates are regulated as devices and their development has been approximately equated to phases of clinical development.
5. Products are investigational and have not been cleared by the FDA for use in the United States.
6. Contingent on FDA review of the research plan.
7. Future clinical research plans and priorities in process.
Cash at PureTech Parent Level
$412.1M
PureTech Level Pro-Forma Cash Reserves as of August 26, 20208
$310.5M
PureTech Level Cash Reserves as of June 30, 2020 (prior to monetization of Founded Entity equity); Cash runway into Q1 20249
8. PureTech Level Pro-Forma Cash Reserves is an alternative performance measure (APM) which includes the PureTech Level Cash Reserves of $310.5 million at June 30, 2020 and the $101.6 million in proceeds from the August 26, 2020 sale of 1.3 million Karuna common shares.
9. PureTech Level Cash Reserves at June 30, 2020 represent cash balances and short-term investments held at PureTech Health LLC, PureTech Management, Inc., PureTech Health PLC, PureTech Securities Corporation of $284.2 million and held at PureTech LYT Inc., our internal pipeline, of $26.3 million, all of which are wholly owned entities of PureTech, excluding cash balances and short-term investments of Controlled Founded Entities which are not wholly owned.
The BIG Idea - Moving medicine forward at PureTech
