CatalystWireBeta

Directorate Change

In brief · summary, not quotable

Raju Kucherlapati stepped down as Board Chair after nearly two decades; Sharon Barber-Lui appointed Interim Chair.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your PRTC notes

PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) ("PureTech" or the "Company"), a clinical-stage biotherapeutics company dedicated to changing the lives of patients with devastating diseases, today announces that Raju Kucherlapati, PhD, has stepped down from his role as a member and Chair of the Board of Directors.

"Raju has been an integral part of PureTech's journey for almost two decades, and we are deeply grateful for his dedication and leadership," said Bharatt Chowrira, PhD, JD, PureTech's Chief Executive Officer. "On behalf of the board, I'd like to wish Raju all the best in his future endeavors."

PureTech has appointed Sharon Barber-Lui, PureTech's Audit Committee Chair, as Interim Chair of the Board of Directors. In collaboration with the Nominating Committee, Ms. Barber-Lui will lead the process to identify a new Chair of the Board of Directors and will engage with shareholders to gather input on the criteria and overall board evolution as part of the process.

Robert Langer, ScD, PureTech's Co-founder and member of the board said, "Raju is a unique individual, an amazing scientist, and a great friend and mentor to so many people in the biotech industry. It has been an honor and a privilege to serve alongside Raju for so many years at PureTech. I speak for the entire board in thanking him for his many years of dedication and his outstanding contributions."

During his tenure on the board, Dr. Kucherlapati helped guide PureTech from its startup phase into an established biotherapeutics company, which has an industry-leading track record of advancing breakthrough medicines, such as the recently FDA-approved Cobenfy™, and launching innovative Founded Entities, most recently, Seaport Therapeutics.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note