PureTech Founded Entity Vor Biopharma Announces Pricing of Initial Public Offering

On February 5, 2021 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, reported that its Founded Entity, Vor Biopharma, has announced the pricing of its initial public offering (IPO) of 9,828,017 shares of common stock at a public offering price of $18.00 per share resulting in gross proceeds to Vor of approximately $176.9 million, before underwriting discounts and commissions and offering expenses to be paid by Vor (Press release, PureTech Health, FEB 5, 2021, View Source [SID1234574694]). The shares are expected to begin trading on the Nasdaq Global Market under the ticker symbol "VOR" on Friday, February 5, 2021. The offering is expected to close on Tuesday, February 9, 2021, subject to customary closing conditions.

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Following the offering, PureTech holds 3,207,200 shares of Vor common stock.

Vor was co-founded by PureTech and Siddhartha Mukherjee, M.D., Ph.D., Associate Professor of Medicine at Columbia University and Pulitzer Prize-winning author of The Emperor of All Maladies: A Biography of Cancer.