PureTech launches Seaport and changes CEO

9 April 2024

Seaport Therapeutics has become the latest founded entity to be created by PureTech Health (Nasdaq: PRTC, LSE: PRTC), the Boston-based biotech behind Karuna Therapeutics, which was recently acquired by Bristol Myers Squibb (NYSE: BMY) for $14 billion.

Some $100 million has been raised by Seaport in an oversubscribed Series A financing with participation from top tier biotech investors ARCH Venture Partners, Sofinnova Investments and Third Rock Ventures, which also initially backed Karuna.

Neuropsychiatric programs

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