PureTech Announces Change of Board Role
20 Giugno 2024 - 8:00AM
Business Wire
Raju Kucherlapati, PhD, distinguished Professor
of Medicine at Harvard Medical School, has transitioned to the role
of Chair of the Board of Directors on a permanent basis
PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) ("PureTech" or the
"Company"), a clinical-stage biotherapeutics company dedicated to
changing the lives of patients with devastating diseases, today
announces that Raju Kucherlapati, PhD, has been appointed Chair of
the Board of Directors, effective immediately, following his role
as interim Chair since June 2023.
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Raju Kucherlapati, PhD, has been
appointed Chair of the PureTech Board of Directors. (Photo:
Business Wire)
“On behalf of the Board, I am delighted to welcome Raju as the
Chair on a permanent basis,” said Bharatt Chowrira, PhD, JD, Chief
Executive Officer of PureTech. “Raju’s exceptional leadership and
strategic vision have been instrumental to PureTech’s innovation
and success, particularly over the last year while he served as
interim Chair. The Board has carefully considered Raju’s skills,
knowledge and expertise, as well as his long-term involvement in
the evolution of PureTech and his exemplary leadership during his
tenure as interim Chair. The Board determined that Raju’s skills
and in-depth knowledge of PureTech will be valuable over the coming
years as PureTech continues to grow and evolve. Raju continues to
exercise objective judgement and promote constructive challenge in
the Board’s decision-making process. I look forward to continuing
to work together and benefitting from Raju’s wise counsel as
PureTech enters an exciting period of growth, with multiple
catalysts that can deliver value to patients and shareholders.”
Dr. Kucherlapati commented: “It has been an honor to serve as
interim Chair of PureTech at such an exciting time for the
business. The Company successfully delivered against its milestones
in 2023 and remains dedicated to identifying and developing
medicines with the potential to transform lives. I look forward to
continuing in my role as Chair and leveraging my expertise,
alongside the rest of the Board, to guide the Company going
forward.”
Dr. Kucherlapati has served as a member of PureTech’s Board of
Directors since 2014. He is currently Chair of the Board’s
Nomination Committee and sits on the Audit and Remuneration
Committees. Dr. Kucherlapati will continue his current Board
committee responsibilities until a replacement is identified at an
appropriate time. The Company is actively engaged in a search to
expand its independent Board membership and has had several
promising conversations. An update will be provided in due
course.
Dr. Kucherlapati is the Paul C. Cabot Professor of Genetics and
Professor of Medicine at Harvard Medical School and currently
serves on the Board of Directors of KEW Inc. He was a founder and
formerly a board member of Abgenix (acquired by Amgen for $2.2
billion), Cell Genesys and Millennium Pharmaceuticals (acquired by
Takeda for $8.8 billion). He was the first scientific director of
the Harvard-Partners Center for Genetics and Genomics. He is a
fellow of the American Association for the Advancement of Science
and a member of the National Academy of Medicine. Dr. Kucherlapati
received his PhD from the University of Illinois. He trained at
Yale and has held faculty positions at Princeton University,
University of Illinois College of Medicine and the Albert Einstein
College of Medicine. He was a member of the presidential commission
for the study of bioethical issues during the Obama
administration.
About PureTech Health
PureTech is a clinical-stage biotherapeutics company dedicated
to giving life to new classes of medicine to change the lives of
patients with devastating diseases. The Company has created a broad
and deep pipeline through its experienced research and development
team and its extensive network of scientists, clinicians and
industry leaders that is being advanced both internally and through
its Founded Entities. PureTech's R&D engine has resulted in the
development of 29 therapeutics and therapeutic candidates,
including two that have received both U.S. FDA clearance and
European marketing authorization and a third (KarXT) that has been
filed for FDA approval. A number of these programs are being
advanced by PureTech or its Founded Entities in various indications
and stages of clinical development, including registration enabling
studies. All of the underlying programs and platforms that resulted
in this pipeline of therapeutic candidates were initially
identified or discovered and then advanced by the PureTech team
through key validation points.
For more information, visit www.puretechhealth.com or connect
with us on X (formerly Twitter) @puretechh.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that are or may be
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements contained
in this press release that do not relate to matters of historical
fact should be considered forward-looking statements, including
without limitation those related to Seaport’s development plans and
our future prospects, developments and strategies. The
forward-looking statements are based on current expectations and
are subject to known and unknown risks, uncertainties and other
important factors that could cause actual results, performance and
achievements to differ materially from current expectations,
including, but not limited to, those risks, uncertainties and other
important factors described under the caption "Risk Factors" in our
Annual Report on Form 20-F for the year ended December 31, 2023,
filed with the SEC and in our other regulatory filings. These
forward-looking statements are based on assumptions regarding the
present and future business strategies of the Company and the
environment in which it will operate in the future. Each
forward-looking statement speaks only as at the date of this press
release. Except as required by law and regulatory requirements, we
disclaim any obligation to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
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PureTech Public Relations
publicrelations@puretechhealth.com Investor Relations
IR@puretechhealth.com UK/EU Media Ben Atwell, Rob Winder +44
(0) 20 3727 1000 puretech@fticonsulting.com US Media Nichole
Bobbyn +1 774 278 8273 nichole@tenbridgecommunications.com
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