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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