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PureTech entity Vedanta receives $25m Pfizer investment | 12 January 2021

Investegate |PureTech Health PLC Announcements | PureTech Health PLC: Vedanta Receives $25M Investment from Pfizer Inc

PureTech Founded Entity Vedanta Biosciences Announces $25 Million Investment from Pfizer Inc. Michael Vincent, M.D., Ph.D., Chief Scientific Officer, Inflammation & Immunology Research Unit at Pfizer,   to join Vedanta s Scientific Advisory Board   PureTech Health plc (LSE: PRTC, NASDAQ: PRTC) ( PureTech or the Company ), a clinical-stage biotherapeutics company dedicated to discovering, developing and commercializing highly differentiated medicines for devastating diseases , is pleased to note that its Founded Entity, Vedanta Biosciences, today announced that Pfizer Inc. (NYSE: PFE) has made a $25 million investment in Vedanta, as part of the Pfizer Breakthrough Growth Initiative .   Vedanta intends to use the proceeds to fund a Phase 2 study of VE202 in inflammatory bowel disease (IBD), which it plans to initiate in 2021.

Pfizer Invests $120 Million in Biotechnology Innovation Through Pfizer Breakthrough Growth Initiative

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