PureTech Health: Results of Annual General Meeting
BOSTON--(BUSINESS WIRE)--The Annual General Meeting of PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) ('PureTech Health' or the 'Company') was held at 11 a.m. EDT/4 p.m. BST on Monday, June 16, 2025.
All of the resolutions proposed at the Annual General Meeting were duly passed by the shareholders on a poll. The results of the poll, incorporating the proxy votes lodged in advance of the meeting, are set out below.
While all Resolutions were passed with significant majorities, the Board notes that Resolutions 2 and 9 received less than 80% of votes cast in favor.
The Board has consistently taken steps to proactively engage with shareholders on remuneration and governance, including during 2024 and 2025. Consistent with prior practice, the Board will continue to engage with shareholders in the periods ahead and remains committed to maintaining open and constructive dialogue. The Company will provide an update on engagement within six months of today's Annual General Meeting, in accordance with the UK Corporate Governance Code 2024.
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 portfolio 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 three that have been approved by the U.S. Food and Drug Administration. 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 portfolio 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 statement 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 statements that relate to our expectations around our therapeutic candidates and approach towards addressing major diseases, 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, 2024 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
3 hours ago
- Business Insider
The Week That Was, The Week Ahead: Macro & Markets, June 22, 2025
Everything to Know about Macro and Markets Stocks closed mixed on Friday amid hopes for de-escalation in the Middle East, still clocking in a second straight week in the red. Despite eking out a small increase on the last trading day of the holiday-shortened week, the Dow Jones Industrial Average (DJIA) ended the weekly session down 1.77%, returning to a year-to-date loss. Meanwhile, the S&P 500 (SPX) fell 1.28%, and the tech-heavy Nasdaq-100 (NDX) lost 1.31% for the week, with both benchmarks still in the green for the year. Confident Investing Starts Here: The Trade War and The Real War Stock markets were moved by geopolitical news during the week, with the Federal Reserve's policy meeting adding a significant macro highlight. The week opened positively as fears of all-out Mideast war eased, after which the rally crumbled – and crude resumed its climb – as Tehran threatened escalation and former President Donald Trump demanded 'total surrender.' After Thursday's Juneteenth closure, investors returned on Friday hoping for the best – but stocks lost ground throughout the day on another bout of trade news. The declines were led by semiconductor and chip equipment stocks, which fell after The Wall Street Journal reported that the U.S. plans to cancel the blanket waivers that allow international chip companies like Samsung, SK Hynix , and TSMC to easily send American chipmaking equipment to their factories in China. The possibility of new restrictions hit risk appetite that had just begun recovering on signs that Trump is giving a chance to diplomacy vis-à-vis Tehran, and after Fed Governor Christopher Waller said he sees a rate cut in July, adding that the inflation hit from tariffs is likely to be short-lived. The Rock and The Hard Place Wednesday's Fed interest rate decision brought no surprises, as the central bank kept rates unchanged, noting that uncertainty 'has diminished but remains elevated.' Fed Chair Jerome Powell noted that 'the economy is in a solid position,' and the Fed is well-positioned to provide a timely response to any economic developments. The Fed's 'Dot Plot' also remained unchanged, as policymakers still expect two rate cuts this year. However, expectations for inflation and unemployment by the end of 2025 both rose, while projections for GDP growth declined, underscoring the Fed's difficulties in establishing monetary policy amid contrasting economic crosscurrents and elevated geopolitical risks. Meanwhile, economic data appear to be confirming the Fed's view of a gradually softening economy. Retail sales fell for a second straight month in May, declining by the most so far in 2025 and marking the first back-to-back monthly decline since the end of 2023. Industrial production declined again, and the NAHB homebuilder confidence index slumped to its lowest since the end of 2022 – while new home construction dropped to the lowest level since 2020. This and other data, coupled with the Fed's updated economic projections, might keep 'stagflation' in the headlines. Sunday's news that the U.S. had struck Iran's nuclear facilities set the stage for a further rise in oil prices, adding short-term inflationary pressures and weighing on investor risk appetite. Markets remain wedged between escalating global risk and weakening fundamentals – with Fed policy constrained, volatility high, and few near-term catalysts to shift sentiment decisively. Stocks That Made the News ▣ Chip equipment makers Lam Research (LRCX), KLA Corp (KLAC), and Applied Materials (AMAT) – along with chipmakers including Nvidia (NVDA), Broadcom (AVGO), and TSMC (TSM) – slumped on the report that the Commerce Department is mulling plans to make it more difficult for U.S. semiconductor equipment to be shipped to Chinese fabs. ▣ Accenture (ACN) shares tumbled by more than 9% on the week after it reported weaker-than-expected bookings for its fiscal third quarter. Although the professional services giant beat on sales and profits, which were boosted by demand related to AI services, the earnings call reflected hesitancy regarding the near-term outlook due to the uncertain global economic backdrop. ▣ Kroger (KR) shares surged by nearly 9% on better-than-expected profit and identical sales growth in fiscal Q1. The operator of the largest chain of traditional grocery stores in the U.S. boosted its full-year identical sales growth forecast and maintained its other guidance. ▣ Coinbase Global (COIN) was by far the best S&P 500 performer last week, clocking in over 20% gain. The shares of the largest U.S. cryptocurrency exchange operator soared after the Senate passed the GENIUS Act, providing a regulatory framework for companies issuing stablecoins and introducing guardrails to prevent the collapse of the digital assets. The Q1 2025 earnings season is over, but several notable earnings releases are still scheduled for the next few days. These include Carnival (CCL), FedEx (FDX), TD SYNNEX (SNX), Micron (MU), General Mills (GIS), Paychex (PAYX), and Nike (NKE).
Yahoo
3 hours ago
- Yahoo
Better Cybersecurity Stock: CrowdStrike or SentinelOne?
CrowdStrike and SentinelOne have similar business models and offerings. CrowdStrike is much larger. SentinelOne trades at a steep discount to CrowdStrike. 10 stocks we like better than CrowdStrike › Artificial intelligence (AI) may have many benefits, but it's also making it easier for hackers, online criminals, and other digital malefactors to threaten businesses, and those threats are getting more potent. Keeping them at bay requires a lot of funds to be devoted to cybersecurity, making companies like CrowdStrike (NASDAQ: CRWD) and SentinelOne (NYSE: S) excellent investment opportunities. But is there an advantage to buying one over the other now? Both companies' base products are AI-powered protection platforms that analyze digital activity and learn to spot the threats among the normal activity. They deploy their software to network endpoints -- in other words, laptops, smartphones, and other devices that can access a client's internal network. By protecting these devices, companies make it harder for cyberattackers to gain access to their internal networks, where they might steal sensitive information, delete files, interfere with systems, or even lock them down with ransomware to extort payments from their victims. While endpoint protection is how both companies land clients, each bolsters its offerings with an array of other cybersecurity products that clients can use to create a protection suite tailored to their unique situations. Since these two direct competitors offer highly similar product types, it's hard to declare either a winner on this front from an investor perspective. Winner: Tie. From a sheer size perspective, CrowdStrike is the clear winner. During its fiscal 2026 first quarter, which ended April 30, CrowdStrike's annual recurring revenue (ARR) rose to $4.4 billion. SentinelOne's ARR of $948 million in its fiscal Q1 was less than a quarter of that. While size doesn't always matter, in this case, it does. Because so many more companies use CrowdStrike's platform, it's more likely that any given IT professional will have at least one contact already on its client list. If CrowdStrike is doing a great job with those clients, word will spread, and it will likely receive more serious consideration in future cybersecurity bidding processes. This advantage cannot be understated. Indeed, it's one of the reasons why CrowdStrike's growth has remained strong despite its size. Winner: CrowdStrike In terms of growth rates, SentinelOne is slightly outperforming CrowdStrike in this category. However, this should be no surprise because SentinelOne is a much smaller company. In fiscal Q1, SentinelOne's ARR rose 24% year over year, while CrowdStrike's increased 22% year over year. While I will give the point to SentinelOne, it's important to understand that CrowdStrike is growing from a much larger base than SentinelOne, making this close call all the more impressive for CrowdStrike. Winner: SentinelOne Due to its smaller size and focus on top-line growth, SentinelOne is far from profitable, while CrowdStrike has achieved intermittent profitability (although it reverted to a negative operating margin and a loss in its most recent quarter). SentinelOne is far from breaking even, but CrowdStrike was in this same position about five years ago. There's no reason not to expect SentinelOne to follow a similar path to profitability, but it will take some time. Meanwhile, CrowdStrike should eventually turn a profit again, as it has proven that it can do that. Winner: CrowdStrike CrowdStrike is leading this battle of the stocks so far, but SentinelOne is about to change the narrative with one jaw-dropping metric. CrowdStrike is the most popular cybersecurity stock in the market, and as a result, it has been bid up to expensive levels. From a price-to-sales (P/S) standpoint (the best metric to use to compare these companies since CrowdStrike flips between profitable and unprofitable, while SentinelOne is years away from profits), CrowdStrike has gotten far more expensive than SentinelOne over the past few years. CrowdStrike stock is now five times more expensive than SentinelOne, which is hard to believe, considering they compete in the same industry and are growing at nearly identical rates. This leads me to believe that CrowdStrike's stock has been overly hyped up while SentinelOne has been forgotten. While I'm OK with valuing CrowdStrike at a premium due to its market leadership position, this is far too great a premium to pay. SentinelOne is a dirt-cheap stock, and CrowdStrike is almost too expensive to consider. While I have been a long-term CrowdStrike bull, I'd be a bit cautious about buying the stock at its current lofty valuation. As a result, I think SentinelOne is the better cybersecurity investment right now. Before you buy stock in CrowdStrike, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CrowdStrike wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Keithen Drury has positions in CrowdStrike. The Motley Fool has positions in and recommends CrowdStrike. The Motley Fool has a disclosure policy. Better Cybersecurity Stock: CrowdStrike or SentinelOne? was originally published by The Motley Fool Sign in to access your portfolio
Business Insider
3 hours ago
- Business Insider
3 Economic Events That Could Affect Your Portfolio This Week, June 23-27, 2025
Stocks closed mixed on Friday amid hopes for de-escalation in the Middle East, still clocking in a second straight week in the red. Despite eking out a small increase on the last trading day of the holiday-shortened week, the Dow Jones Industrial Average (DJIA) ended the weekly session down 1.77%, returning to a year-to-date loss. Meanwhile, the S&P 500 (SPX) fell 1.28%, and the tech-heavy Nasdaq-100 (NDX) lost 1.31% for the week, with both benchmarks still in the green for the year. Confident Investing Starts Here: Stock markets were moved by geopolitical news during the week, with the Federal Reserve's policy meeting adding a significant macro highlight. The week opened positively as fears of all-out Mideast war eased, after which the rally crumbled – and crude resumed its climb – as Tehran threatened escalation and former President Donald Trump demanded 'total surrender.' After Thursday's Juneteenth closure, investors returned on Friday hoping for the best – but stocks lost ground throughout the day on another bout of trade news. The declines were led by semiconductor and chip equipment stocks, which fell after The Wall Street Journal reported that the U.S. plans to cancel the blanket waivers that allow international chip companies like Samsung, SK Hynix , and TSMC to easily send American chipmaking equipment to their factories in China. Wednesday's Fed interest rate decision brought no surprises, as the central bank kept rates unchanged, noting that uncertainty 'has diminished but remains elevated.' Fed Chair Jerome Powell noted that 'the economy is in a solid position,' and the Fed is well-positioned to provide a timely response to any economic developments. The Fed's 'Dot Plot' also remained unchanged, as policymakers still expect two rate cuts this year. However, expectations for inflation and unemployment by the end of 2025 both rose, while projections for GDP growth declined, underscoring the Fed's difficulties in establishing monetary policy amid contrasting economic crosscurrents and elevated geopolitical risks. Meanwhile, economic data appear to be confirming the Fed's view of a gradually softening economy. Retail sales fell for a second straight month in May, declining by the most so far in 2025 and marking the first back-to-back monthly decline since the end of 2023. Industrial production declined again, and the NAHB homebuilder confidence index slumped to its lowest since the end of 2022 – while new home construction dropped to the lowest level since 2020. This and other data, coupled with the Fed's updated economic projections, might keep 'stagflation' in the headlines. Sunday's news that the U.S. had struck Iran's nuclear facilities set the stage for a further rise in oil prices, adding short-term inflationary pressures and weighing on investor risk appetite. Markets remain wedged between escalating global risk and weakening fundamentals – with Fed policy constrained, volatility high, and few near-term catalysts to shift sentiment decisively. Three Economic Events Here are three key economic events that could affect your portfolio this week. For a full listing of additional economic reports, check out the TipRanks Economic Calendar. » June's S&P Global Manufacturing PMI and Services PMI (preliminary readings) – Monday, 06/23 – PMI indices are leading economic indicators used by economists and analysts to gain timely insights into changing economic conditions, as the direction and rate of change in the PMIs usually precede changes in the overall economy. » May's Core Personal Consumption Expenditures (Core PCE) – Friday, 06/27 – This report tracks changes in inflation based on consumer spending, excluding volatile items such as food and energy. The Federal Reserve considers the annualized Core PCE Price Index its preferred inflation gauge. » June's Michigan Consumer Sentiment Index and UoM 5-year Consumer Inflation Expectations (preliminary readings) – Friday, 06/27 – These reports summarize consumer confidence and long-term inflation expectations in the U.S. Consumer confidence impacts spending, which accounts for roughly 70% of U.S. GDP. The inflation expectations component is closely monitored by policymakers and is factored into the Federal Reserve's Index of Inflation Expectations.
