PureTech Health (PRTC)

Sector:

Pharma and Biotech

Index:

FTSE Small Cap

147.00p
   
  • Change Today:
      3.40p
  • 52 Week High: 237.50p
  • 52 Week Low: 125.80p
  • Currency: UK Pounds
  • Shares Issued: 240.19m
  • Volume: 636,773
  • Market Cap: £353.08m
  • Beta: 0.01

PureTech hails "exciting" results from lung disease trial

By Benjamin Chiou

Date: Monday 16 Dec 2024

LONDON (ShareCast) - (Sharecast News) - Clinical-stage biotech group Puretech Health has announced promising results from the trial of its lung disease treatment deupirfenidone, which the lead investigator hailed as "extremely exciting".
The ELEVATE idiopathic pulmonary fibrosis (IPF) study was a Phase 2b trial evaluating Puretech's deupirfenidone over 26 weeks, compared with a placebo and one of the two existing standard-of-care treatments for IPF, pirfenidone.

Deupirfenidone, which was administered three times a day at two dose levels, was found to reduce lung function decline to near-physiologic levels over 26 weeks, according to Toby Maher, a professor at the University of Southern California who led the ELEVATE IPF trial. The drug had an effect size, compared with placebo, that was around 50% greater than that seen with pirfenidone.

"Deupirfenidone has the potential to offer patients a highly effective and tolerable treatment option. These are extremely exciting results from a Phase 2b trial, and I am very enthusiastic about the continued development of deupirfenidone," Maher said.

Puretech said the trial achieved its primary endpoint and that there is a 98.5% probability that deupirfenidone was superior to the placebo in slowing the rate of lung function decline in people with IPF.

Commenting on the results, Puretech's co-founder and president Eric Elenko explained that the adoption of currently approved antifibrotics has been limited because of gastrointestinal reactions to standard therapies, which have prevented many patients from starting or maintaining treatment at optimal doses.

"I could not be more pleased that deupirfenidone showed a favourable tolerability profile at both doses evaluated and - most importantly - has demonstrated the potential to offer patients enhanced efficacy at the higher dose," Elenko said.

Puretech's shares were up 5% at 170.87p by 1007 GMT.

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PRTC Market Data

Currency UK Pounds
Share Price 147.00p
Change Today 3.40p
% Change 2.37 %
52 Week High 237.50p
52 Week Low 125.80p
Volume 636,773
Shares Issued 240.19m
Market Cap £353.08m
Beta 0.01

PRTC Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
3.68% above the market average3.68% above the market average3.68% above the market average3.68% above the market average3.68% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
22.26% below the market average22.26% below the market average22.26% below the market average22.26% below the market average22.26% below the market average
18.37% above the sector average18.37% above the sector average18.37% above the sector average18.37% above the sector average18.37% above the sector average
Income Not Available
Growth
65.64% below the market average65.64% below the market average65.64% below the market average65.64% below the market average65.64% below the market average
80.65% below the sector average80.65% below the sector average80.65% below the sector average80.65% below the sector average80.65% below the sector average

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Trades for 01-Apr-2025

Time Volume / Share Price
16:35 124,064 @ 147.00p
16:35 1,263 @ 147.00p
16:35 205 @ 147.00p
16:35 6,289 @ 147.00p
16:35 7,014 @ 147.00p

PRTC Key Personnel

Chair Raju Kucherlapati
CEO Bharatt Chowrira

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