PureTech sells further $118 million of Karuna shares

10 February 2021

UK clinical-stage biotech PureTech Health (LSE: PRTC) announced that it has sold 1 million shares of its founded entity, Karuna Therapeutics (Nasdaq: KRTX), through a block trade executed by Morgan Stanley & Co for cash consideration of around $118 million.

Karuna’s shares edged up 2.2% to $118.00 in pre-market trading this morning, while PureTech was virtually unchanged.

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