Director dealings: Puretech Health director raises stake
PureTech Health
172.00p
15:44 15/11/24
Puretech Health revealed on Thursday that director Bharatt Chowrira had acquired 25,000 ordinary shares in the FTSE 250-listed biotechnology company.
FTSE 250
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Pharmaceuticals & Biotechnology
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15:45 15/11/24
Chowrira, who has been president and chief of business and strategy at PureTech since March 2017, purchased the shares on Wednesday at an average price of 333.50p each, for a total value of £83,375.
Back in April, Puretech said it had narrowed operating losses in 2020 on the back of a reduction in general and administrative expenses and a modest increase in full-year revenues.
However, Puretech also stated income from its "other" segment had tumbled from $672.16m to $178.73m, dragging total full-year pre-tax income to $18.96m - a marked reduction on the prior year's print of $478.47m.
As of 1620 BST, Puretech shares were up 2.70% at 342.50p each.
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