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PureTech Hopes For A Second Lightning Strike

 
• By Elizabeth Cairns

Emerging Company Profile: Seaport Therapeutics believes its technology can alter old drugs to remove their flaws. Just how closely can it follow the example set by Karuna?    

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PureTech Health plc has made no secret of its ambition to use Karuna Therapeutics, Inc. as a blueprint for the development of new portfolio companies. In Seaport Therapeutics, which formally launched yesterday with a $100m series A round, it is doing exactly that.

Seaport is aiming to treat disorders including depression and anxiety, where Karuna was focused on schizophrenia. But both follow the same strategy of tweaking older drugs and repurposing them for...

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