"Paradigm shift" in schizophrenia funds PureTech pipeline

23 March 2023

UK firm PureTech Health (LSE: PRTC) has sold rights to certain royalties stemming from its interests in KarXT, for up to $500 million.

Developed by Karuna Therapeutics (Nasdaq: KRTX), the schizophrenia med is a novel formulation of xanomeline and trospium chloride, designed to treat acutely psychotic hospitalized adults.

If approved, KarXT would be the first new mechanism of action in the treatment of schizophrenia for around five decades.

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