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PureTech Turns To Its Wholly Owned Pipeline Amid 2021 Loss

 
• By Ayisha Sharma

The US biotech saw a net loss last year despite increased sales and has decided to focus more on its wholly owned pipeline, which includes a safer formulation of a Roche pulmonary fibrosis product.  

PureTech Thinks Its Internal Pipeline Is Key To Unlocking Value • Source: Alamy

PureTech Health plc is turning to its wholly owned pipeline as a potential future value driver following a disappointing loss last year as it increased its R&D spend.

While revenues were up by 47.8% to $17.4m at the end of 2021, the company saw a net loss of $52.7m compared with a net income of $4.6m in 2020

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