On November 9, 2021 PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) ("PureTech" or the "Company"), a clinical-stage biotherapeutics company dedicated to discovering, developing and commercializing highly differentiated medicines for devastating diseases, reported that Bharatt Chowrira, Ph.D., J.D., President and Chief of Business and Strategy, and George Farmer, Ph.D., Chief Financial Officer, will participate in a fireside chat at the Jefferies London Healthcare Conference on Wednesday, November 17, 2021, at 7:20 AM EST (Press release, PureTech Health, NOV 9, 2021, View Source [SID1234594839]). A webcast of the presentation will be available at View Source
Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:
Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing
Schedule Your 30 min Free Demo!
Additionally, the Company reported PureTech Level Cash and Cash Equivalents of $387.3 million and Consolidated Cash and cash equivalents of $441.0 million as of September 30, 2021.3 PureTech’s Founded Entities are also well-capitalized, having raised over $1.6 billion since July 2018, 96% of which came from third-party investors.4
Non-IFRS Financial Measures
PureTech Level Cash and Cash Equivalents is an alternative performance measure which is adjusted and constitutes a non-IFRS measure. We believe that these non-IFRS performance measures, when provided in combination with IFRS measures, will provide investors, analysts and other stakeholders with helpful complementary information to better understand our financial position from period to period. The measures are also used by management for planning and reporting purposes. The measures are not substitutable for IFRS measures and should not be considered superior to measures presented in accordance with IFRS.
PureTech Level Cash and Cash Equivalents is defined as cash and cash equivalents held at PureTech Health plc and its wholly-owned subsidiaries only. Please see below for a reconciliation to Consolidated Cash and cash equivalents, which is the most directly comparable measure calculated in accordance with IFRS.
PureTech Level Cash and Cash Equivalents
1. PureTech Level Cash and Cash equivalents as of September 30, 2021 represent cash and cash equivalents held at PureTech Health plc and its wholly-owned subsidiaries only. Please see the section captioned "Non-IFRS Financial Measures" included in this release for additional information.
2.Consolidated Cash and cash equivalents as of September 30, 2021 represent cash and cash equivalents for PureTech Health plc in accordance with International Financial Reporting Standards (IFRS). Please see the section captioned "Non-IFRS Financial Measures" included in this release for additional information.
3.These figures are unaudited and do not present all information necessary for an understanding of the Company’s financial condition as of September 30, 2021.
4. Funding figure includes private equity financings, loans and promissory notes, public offerings, or grant awards. Funding figure excludes future milestone considerations received in conjunction with partnerships and collaborations such as with, Boehringer Ingelheim, Imbrium Therapeutics L.P., Shionogi & Co Ltd, or Eli Lilly.