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Hub and Spoke Model Paying Off Handsomely For PureTech

 
• By Kevin Grogan

The recent sale of Karuna to Bristol Myers Squibb for $14bn is "a great case study for our model and a hallmark of how we create value both clinically and financially," Bharatt Chowrira told analysts on PureTech's first-half business update.

Puretech leadership
• Source: PureTech

New PureTech Health plc CEO Bharatt Chowrira has been reflecting on a successful first six months of the year, with both the firm's wholly owned pipeline and those of its subsidiaries progressing well.

The 'hub-and-spoke' business model in biotech, where a parent provides support to affiliated firms focused on specific therapeutic areas, is pretty widespread (see the likes of BridgeBio Pharma, Inc.,...

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