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PureTech Health sells part of Karuna Therapeutics stake for $118m
StockMarketWire.com
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Biotherapeutics company PureTech Health said it had sold a million shares in founded entity Karuna Therapeutics for around $118 million.
PureTech said it would continue to hold around 2.4 million, or about 9%, of Karuna's stock.
It would use the proceeds to further expand and advance its clinical-stage wholly owned pipeline.
Story provided by StockMarketWire.com
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