Strong Liquidity / RunwayNearly $320M in cash and short-term investments provides an operational runway into 2028, materially reducing near-term financing pressure. This durable liquidity supports continued R&D, clinical programs and spinouts, lowering dilution risk and enabling milestone-driven partnerships.
Value In Equity Stakes And SpinoutsA 35.1% stake in Seaport (post-money $733M) and proceeds from recent raises create durable upside optionality. Equity holdings and retained economic interests align PureTech with subsidiary value creation, enabling future monetization via exits, royalties or licensing that bolster long-term cash generation.
Operational Cost DisciplineOperating expenses fell materially year‑over‑year, indicating sustainable cost discipline. A structurally lower burn rate improves capital efficiency, extends runway for core programs and spinouts, and increases flexibility to allocate resources toward high‑value clinical milestones over the medium term.