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    <link:label id="lab_ptv_SubsidiaryNotesPayableMember_label_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable [Member]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableMember_documentation_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNotesPayableMember" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryNotesPayableMember"/>
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    <link:label id="lab_ptv_RestrictedShareUnitsRSUMember_label_en-US" xlink:label="lab_ptv_RestrictedShareUnitsRSUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Share Units (RSU) [Member]</link:label>
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    <link:label id="lab_ptv_RateOfLossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate_019b0412-5969-7faa-9db5-671332ae85a9_terseLabel_en-US" xlink:label="lab_ptv_RateOfLossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss with respect to associate for which no deferred tax asset is recognized</link:label>
    <link:label id="lab_ptv_RateOfLossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfLossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of loss with respect to associate for which no deferred tax asset is recognized, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfLossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfLossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of loss with respect to associate for which no deferred tax asset is recognized, reconciliation of effective tax rate</link:label>
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    <link:label id="lab_ifrs-full_WagesAndSalaries_019b0412-5aaf-727a-9a20-4d73819f942f_terseLabel_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Salaries and wages</link:label>
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    <link:label id="lab_ptv_SubsidiaryOperatingCompaniesAbstract_label_en-US" xlink:label="lab_ptv_SubsidiaryOperatingCompaniesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary operating companies [Abstract]</link:label>
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    <link:label id="lab_dei_EntityFileNumber_019b0412-59fc-768a-ae23-a5daf18bf75d_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
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    <link:label id="lab_ptv_IncomeTaxTypeAxis_019b0412-5968-7ad6-b87f-88bfe122c385_terseLabel_en-US" xlink:label="lab_ptv_IncomeTaxTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Tax Type [Axis]</link:label>
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    <link:label id="lab_ptv_IncomeTaxTypeAxis_documentation_en-US" xlink:label="lab_ptv_IncomeTaxTypeAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income Tax Type</link:label>
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    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_019b0412-5aaf-74a2-9c7f-831927a4af0c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Write-off</link:label>
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    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncome_019b0412-5aaf-79f3-aa9c-8d6f1da5adaf_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total deferred income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxExpenseIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncome" xlink:to="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory_019b0412-5aaf-727f-96e8-0d577134c808_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Cost and Accumulated Amortization of Intangible Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyDomain_019b0412-59fc-7e4b-bbdb-200c0cd551f9_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All levels of fair value hierarchy</link:label>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyDomain_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeOneMember_019b0412-5968-7b3a-a91e-d92590155c0c_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">0.01</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeOneMember_label_en-US" xlink:label="lab_ptv_ExercisePriceRangeOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range One [Member]</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeOneMember_documentation_en-US" xlink:label="lab_ptv_ExercisePriceRangeOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range One [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeOneMember" xlink:href="ptv-20251231.xsd#ptv_ExercisePriceRangeOneMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePriceRangeOneMember" xlink:to="lab_ptv_ExercisePriceRangeOneMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_019b0412-5969-70a0-9e15-eb4fd0dbba79_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Two to three years</link:label>
    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than two years and not later than three years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate_019b0412-5aaf-7d8a-8d9f-116992c9301d_terseLabel_en-US" xlink:label="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nondeductible compensation</link:label>
    <link:label id="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Executive compensation, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Executive compensation, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory_019b0412-5968-7bcb-9084-513bb2f3dc67_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Sensitivity Analysis of Fair Value Measurement to Changes in Unobservable Inputs, Liabilities</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxEffectedMember_019b0412-5968-7c47-9c37-5fd6bdcd2467_terseLabel_en-US" xlink:label="lab_ptv_TaxEffectedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax Effected</link:label>
    <link:label id="lab_ptv_TaxEffectedMember_label_en-US" xlink:label="lab_ptv_TaxEffectedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Effected [Member]</link:label>
    <link:label id="lab_ptv_TaxEffectedMember_documentation_en-US" xlink:label="lab_ptv_TaxEffectedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Effected</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxEffectedMember" xlink:href="ptv-20251231.xsd#ptv_TaxEffectedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxEffectedMember" xlink:to="lab_ptv_TaxEffectedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_019b0412-5968-7cbf-aa13-d94f404e79c9_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other tax effects for reconciliation between accounting profit and tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:to="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_019b0412-5969-7c22-b1d9-aa4b480c62dc_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Sale of shares</link:label>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_019b0412-5969-7284-8679-779b96356b55_terseLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of shares</link:label>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SalesFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SalesFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SalesFairValueMeasurementAssets" xlink:to="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_019b0412-59fd-7cc7-81c5-2a18930cbd5a_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of investments held at fair value</link:label>
    <link:label id="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other cash receipts from sales of equity or debt instruments of other entities, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_019b0412-59fd-7dd3-ae4f-d8a14ed73a79_totalLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net finance income/(costs)</link:label>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_019b0412-59fd-7ee8-86ce-b5e6d4165621_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net finance income/(costs)</link:label>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_label_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income (cost)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinanceIncomeCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeCost" xlink:to="lab_ifrs-full_FinanceIncomeCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_019b0412-5969-728f-b9c2-3626e51e7e83_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Quantitative Information About Right-of-use Assets and Lease Liability</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_019b0412-5b34-74fc-866d-5b2bdb135086_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Measurements</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for fair value measurement [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_019b0412-5aaf-7bf8-8e64-ce46a81c04bb_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options [axis]</link:label>
    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_label_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:to="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_019b0412-5968-7839-b7e4-9f652cc7a670_negatedLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchases of short-term investments</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of financial instruments, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WithinThreeMonthsMember_019b0412-59fd-75c2-a32e-6842cf474d7b_terseLabel_en-US" xlink:label="lab_ptv_WithinThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Within Three Months</link:label>
    <link:label id="lab_ptv_WithinThreeMonthsMember_label_en-US" xlink:label="lab_ptv_WithinThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Within Three Months [Member]</link:label>
    <link:label id="lab_ptv_WithinThreeMonthsMember_documentation_en-US" xlink:label="lab_ptv_WithinThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Within Three Months</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WithinThreeMonthsMember" xlink:href="ptv-20251231.xsd#ptv_WithinThreeMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WithinThreeMonthsMember" xlink:to="lab_ptv_WithinThreeMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_019b0412-5aaf-7379-b541-3c2222cf0c8f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Vested (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments exercised or vested in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement"/>
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    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_019b0412-5aaf-79a2-a893-8f19e2d9dce3_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_019b0412-5aaf-7518-84f6-89e36b52400a_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Carrying amount, beginning balance</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_019b0412-5aaf-7428-aee6-4cb6a75dc186_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Carrying amount, ending balance</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current financial assets at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss"/>
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    <link:label id="lab_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory_019b0412-5aaf-799a-9357-1531da28834b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Standards and Interpretations</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of changes in accounting policies [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory"/>
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    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares_019c9494-5306-7b07-bd74-ff088c06b42c_terseLabel_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion of Vedanta note to preferred shares</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares_label_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Investments, Gain (Loss) Recognized Through Conversion Of Notes To Preferred Shares</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares_documentation_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Investments, Gain (Loss) Recognized Through Conversion Of Notes To Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares" xlink:href="ptv-20251231.xsd#ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares" xlink:to="lab_ptv_FinancialInvestmentsGainLossRecognizedThroughConversionOfNotesToPreferredShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties_019b0412-5aaf-75ba-9cb3-21b763312658_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payables to related parties</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables to related parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherPayablesToRelatedParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:to="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_019b0412-5aaf-7854-8d73-83288992cfbc_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated Statement of Comprehensive Income/(Loss)</link:label>
    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_019b0412-5969-7494-91eb-9fedfe55618d_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_019b0412-59fc-759f-97bc-060996618abb_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income/(loss) attributable to:</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MinimumLiquidationPreference_019b0412-5aaf-721c-95f6-9d8e17282e53_terseLabel_en-US" xlink:label="lab_ptv_MinimumLiquidationPreference" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total minimum liquidation preference</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreference_label_en-US" xlink:label="lab_ptv_MinimumLiquidationPreference" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreference_documentation_en-US" xlink:label="lab_ptv_MinimumLiquidationPreference" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MinimumLiquidationPreference" xlink:href="ptv-20251231.xsd#ptv_MinimumLiquidationPreference"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MinimumLiquidationPreference" xlink:to="lab_ptv_MinimumLiquidationPreference" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement_019b0412-5aaf-70b4-8514-28fba360d99a_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value, RSU vested (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments Vested in share-based payment arrangement</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments Vested in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement"/>
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    <link:label id="lab_ifrs-full_RevenueFromGovernmentGrants_019b0412-59fd-71ad-bf30-8d369a143718_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Grant revenue</link:label>
    <link:label id="lab_ifrs-full_RevenueFromGovernmentGrants_label_en-US" xlink:label="lab_ifrs-full_RevenueFromGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income from government grants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromGovernmentGrants" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromGovernmentGrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromGovernmentGrants" xlink:to="lab_ifrs-full_RevenueFromGovernmentGrants" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_019b0412-5968-7d72-9851-f32b5e02e071_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in associates &#8211; equity method</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_019c23c4-48a1-7856-87a9-8343e5494a94_verboseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount of Investment in associates</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_019b0412-5968-7176-a6f9-6e472502023a_periodStartLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_019b0412-5968-75d6-a519-daea399fce6e_periodEndLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_label_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in associates reported in separate financial statements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsInAssociates" xlink:to="lab_ifrs-full_InvestmentsInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetainedEarningsProfitLossForReportingPeriod_019b0412-5aaf-7591-a6c0-79aae6696745_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarningsProfitLossForReportingPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit/(loss) for the period</link:label>
    <link:label id="lab_ifrs-full_RetainedEarningsProfitLossForReportingPeriod_label_en-US" xlink:label="lab_ifrs-full_RetainedEarningsProfitLossForReportingPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings, profit (loss) for reporting period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarningsProfitLossForReportingPeriod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarningsProfitLossForReportingPeriod"/>
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    <link:label id="lab_ptv_ControlledFoundedEntitiesSegmentMember_019b0412-5aaf-78bf-ad6e-71a767093840_terseLabel_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesSegmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Controlled founded entities</link:label>
    <link:label id="lab_ptv_ControlledFoundedEntitiesSegmentMember_019b0412-5aaf-7acc-99f2-612a95fbcc0a_verboseLabel_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesSegmentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Controlled Founded Entities</link:label>
    <link:label id="lab_ptv_ControlledFoundedEntitiesSegmentMember_label_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesSegmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Controlled Founded Entities Segment [Member]</link:label>
    <link:label id="lab_ptv_ControlledFoundedEntitiesSegmentMember_documentation_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesSegmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Controlled Founded Entities Segment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ControlledFoundedEntitiesSegmentMember" xlink:href="ptv-20251231.xsd#ptv_ControlledFoundedEntitiesSegmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ControlledFoundedEntitiesSegmentMember" xlink:to="lab_ptv_ControlledFoundedEntitiesSegmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TimeBasedRSUsMember_019b0412-59fd-75e7-8428-6ce9d04f1eb8_terseLabel_en-US" xlink:label="lab_ptv_TimeBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Time-based RSUs</link:label>
    <link:label id="lab_ptv_TimeBasedRSUsMember_label_en-US" xlink:label="lab_ptv_TimeBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time Based RSUs [Member]</link:label>
    <link:label id="lab_ptv_TimeBasedRSUsMember_documentation_en-US" xlink:label="lab_ptv_TimeBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Time Based RSUs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TimeBasedRSUsMember" xlink:href="ptv-20251231.xsd#ptv_TimeBasedRSUsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TimeBasedRSUsMember" xlink:to="lab_ptv_TimeBasedRSUsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GeneralAndAdministrativeMember_019b0412-59fc-75ae-89cb-507d1c18d016_terseLabel_en-US" xlink:label="lab_ptv_GeneralAndAdministrativeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
    <link:label id="lab_ptv_GeneralAndAdministrativeMember_label_en-US" xlink:label="lab_ptv_GeneralAndAdministrativeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General And Administrative [Member]</link:label>
    <link:label id="lab_ptv_GeneralAndAdministrativeMember_documentation_en-US" xlink:label="lab_ptv_GeneralAndAdministrativeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">General And Administrative</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GeneralAndAdministrativeMember" xlink:href="ptv-20251231.xsd#ptv_GeneralAndAdministrativeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GeneralAndAdministrativeMember" xlink:to="lab_ptv_GeneralAndAdministrativeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems_019b0412-5969-7a73-a5a8-ce6ab171405f_terseLabel_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Line Items]</link:label>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems_label_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Line Items]</link:label>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems_documentation_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:href="ptv-20251231.xsd#ptv_EquityAcquiredShareCapitalPureTechLLCLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:to="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_019b0412-59fd-7dea-a6f6-65596f6e4b4f_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available Funds</link:label>
    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of financial position [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfFinancialPositionAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EnsofHoldingsLLCMember_019b0412-59fd-7431-8706-6d5ed145f5fe_verboseLabel_en-US" xlink:label="lab_ptv_EnsofHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Ensof Holdings, LLC (held indirectly through Enlight)</link:label>
    <link:label id="lab_ptv_EnsofHoldingsLLCMember_label_en-US" xlink:label="lab_ptv_EnsofHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ensof Holdings LLC [Member]</link:label>
    <link:label id="lab_ptv_EnsofHoldingsLLCMember_documentation_en-US" xlink:label="lab_ptv_EnsofHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ensof Holdings LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EnsofHoldingsLLCMember" xlink:href="ptv-20251231.xsd#ptv_EnsofHoldingsLLCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EnsofHoldingsLLCMember" xlink:to="lab_ptv_EnsofHoldingsLLCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherOperatingIncomeExpense_019b0412-5aaf-7fc3-9d56-fa2cd7c465d7_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other income/(expense)</link:label>
    <link:label id="lab_ifrs-full_OtherOperatingIncomeExpense_label_en-US" xlink:label="lab_ifrs-full_OtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other operating income (expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherOperatingIncomeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherOperatingIncomeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherOperatingIncomeExpense" xlink:to="lab_ifrs-full_OtherOperatingIncomeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherFinancialAssetsAbstract_label_en-US" xlink:label="lab_ptv_OtherFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Financial Assets [Abstract]</link:label>
    <link:label id="lab_ptv_OtherFinancialAssetsAbstract_documentation_en-US" xlink:label="lab_ptv_OtherFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Financial Assets [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherFinancialAssetsAbstract" xlink:href="ptv-20251231.xsd#ptv_OtherFinancialAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherFinancialAssetsAbstract" xlink:to="lab_ptv_OtherFinancialAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentInAssociatesMember_019b0412-5aaf-7140-b46c-1ce1a859b462_terseLabel_en-US" xlink:label="lab_ptv_InvestmentInAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in associates</link:label>
    <link:label id="lab_ptv_InvestmentInAssociatesMember_label_en-US" xlink:label="lab_ptv_InvestmentInAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment In Associates [Member]</link:label>
    <link:label id="lab_ptv_InvestmentInAssociatesMember_documentation_en-US" xlink:label="lab_ptv_InvestmentInAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment In Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentInAssociatesMember" xlink:href="ptv-20251231.xsd#ptv_InvestmentInAssociatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentInAssociatesMember" xlink:to="lab_ptv_InvestmentInAssociatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_019b0412-5aaf-7749-8dc3-f69f0e31dc4a_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for provisions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised_019b0412-59fc-7773-bd78-86845e925ff8_negatedTerseLabel_en-US" xlink:label="lab_ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Recognition of deferred tax assets and tax benefits not previously recognized</link:label>
    <link:label id="lab_ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised_label_en-US" xlink:label="lab_ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Rate Effect of deferred tax assets and benefits not previously recognised</link:label>
    <link:label id="lab_ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised_documentation_en-US" xlink:label="lab_ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Rate Effect of deferred tax assets and benefits not previously recognised</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised" xlink:href="ptv-20251231.xsd#ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised" xlink:to="lab_ptv_TaxRateEffectOfDeferredTaxAssetsAndBenefitsNotPreviouslyRecognised" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_019b0412-59fd-766c-b21e-3796be86f8e4_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiaries and Change in Subsidiary Ownership and Loss of Control</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for subsidiaries [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExpiringDomain_019b0412-5b34-717d-b033-f4db4c09e487_terseLabel_en-US" xlink:label="lab_ptv_ExpiringDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expiring [Domain]</link:label>
    <link:label id="lab_ptv_ExpiringDomain_label_en-US" xlink:label="lab_ptv_ExpiringDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expiring [Domain]</link:label>
    <link:label id="lab_ptv_ExpiringDomain_documentation_en-US" xlink:label="lab_ptv_ExpiringDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expiring [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExpiringDomain" xlink:href="ptv-20251231.xsd#ptv_ExpiringDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExpiringDomain" xlink:to="lab_ptv_ExpiringDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_019b0412-5aaf-7ef3-b391-5f843d436c77_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems_019b0412-59fd-7d5b-805d-9aa7672c9d14_terseLabel_en-US" xlink:label="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax losses and tax credits carryforwards [Line Items]</link:label>
    <link:label id="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems_label_en-US" xlink:label="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax losses and tax credits carryforwards [Line Items]</link:label>
    <link:label id="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems_documentation_en-US" xlink:label="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax losses and tax credits carryforwards [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems" xlink:href="ptv-20251231.xsd#ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems" xlink:to="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions_019b0412-59fc-7f11-ba74-c139938ba7ab_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issuable based on performance conditions (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions_label_en-US" xlink:label="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares issuable based on performance conditions</link:label>
    <link:label id="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares issuable based on performance conditions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:href="ptv-20251231.xsd#ptv_NumberOfSharesIssuableBasedOnPerformanceConditions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:to="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersMember_019b0412-5968-7ef5-b0e3-f96f4ffd9f5b_terseLabel_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersMember_label_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers [Member]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersMember_documentation_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DirectorsAndSeniorManagersMember" xlink:href="ptv-20251231.xsd#ptv_DirectorsAndSeniorManagersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DirectorsAndSeniorManagersMember" xlink:to="lab_ptv_DirectorsAndSeniorManagersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityShellCompany_019b0412-5aaf-72a8-87b1-1f47592f829b_terseLabel_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:label id="lab_dei_EntityShellCompany_label_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityShellCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityShellCompany" xlink:to="lab_dei_EntityShellCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate_019b0412-5968-72e5-8d1b-d48a923ba0b9_terseLabel_en-US" xlink:label="lab_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss with respect to associate for which no deferred tax asset is recognized</link:label>
    <link:label id="lab_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss with respect to associate for which no deferred tax asset is recognized , reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loss with respect to associate for which no deferred tax asset is recognized, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock_019b0412-5aaf-733b-84e4-1da733030d55_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Tax Balances as Presented in Consolidated Statement of Financial Position</link:label>
    <link:label id="lab_ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of tax balances as presented in Statement of Financial Position [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of tax balances as presented in Statement of Financial Position</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock" xlink:to="lab_ptv_DisclosureOfTaxBalancesAsPresentedInStatementOfFinancialPositionTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremium_019b0412-5968-72b2-bea0-90d161787bd6_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremium" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share premium</link:label>
    <link:label id="lab_ifrs-full_SharePremium_label_en-US" xlink:label="lab_ifrs-full_SharePremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share premium</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremium" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SharePremium"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremium" xlink:to="lab_ifrs-full_SharePremium" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_019b0412-59fd-77ed-b386-e8473abf7eb9_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities:</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherNonControllingInterestEquity_019b0412-5968-7bee-9904-ee4c9f001e9b_terseLabel_en-US" xlink:label="lab_ptv_OtherNonControllingInterestEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ptv_OtherNonControllingInterestEquity_label_en-US" xlink:label="lab_ptv_OtherNonControllingInterestEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other, non-controlling interest, equity</link:label>
    <link:label id="lab_ptv_OtherNonControllingInterestEquity_documentation_en-US" xlink:label="lab_ptv_OtherNonControllingInterestEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other, non-controlling interest, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherNonControllingInterestEquity" xlink:href="ptv-20251231.xsd#ptv_OtherNonControllingInterestEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherNonControllingInterestEquity" xlink:to="lab_ptv_OtherNonControllingInterestEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock_019b0412-5aaf-72f5-b298-8fd491959f5f_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis of Presentation</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Presentation [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Presentation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:href="ptv-20251231.xsd#ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GelesisMember_019b0412-5b34-7c48-bcf3-2e1407413171_terseLabel_en-US" xlink:label="lab_ptv_GelesisMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gelesis</link:label>
    <link:label id="lab_ptv_GelesisMember_label_en-US" xlink:label="lab_ptv_GelesisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gelesis [Member]</link:label>
    <link:label id="lab_ptv_GelesisMember_documentation_en-US" xlink:label="lab_ptv_GelesisMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gelesis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GelesisMember" xlink:href="ptv-20251231.xsd#ptv_GelesisMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GelesisMember" xlink:to="lab_ptv_GelesisMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_019b0412-5968-78da-b69e-bf37ac73c7da_negatedTerseLabel_en-US" xlink:label="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiary</link:label>
    <link:label id="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of deconsolidation adjustments, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of deconsolidation adjustments, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_019b0412-59fc-7075-9a1c-4bce744022f7_totalLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income/(loss) for the year</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_019b0412-59fc-72e2-8904-917236c37c77_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income/(loss)</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_019b0412-59fc-7bf8-b893-e3d024c202b6_verboseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Share of comprehensive income/(loss)</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="lab_ifrs-full_ComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExplanatory_019b0412-5968-7555-8495-74a8867c163f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Credit Risk</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:to="lab_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems_019b0412-59fc-7e5e-bafc-6703eccbdcf4_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Line Items]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems_label_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Line Items]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems_documentation_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:href="ptv-20251231.xsd#ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:to="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments_019b0412-59fd-7135-a17f-12f0ab0ada57_totalLabel_en-US" xlink:label="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Consolidated cash, cash equivalents and short-term investments</link:label>
    <link:label id="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments_label_en-US" xlink:label="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents, And Short-term Investments</link:label>
    <link:label id="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments_documentation_en-US" xlink:label="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents, And Short-term Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:href="ptv-20251231.xsd#ptv_CashAndCashEquivalentsAndShortTermInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:to="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_019b0412-5969-7546-a2e2-7fca9e530015_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceLineItems_019b0412-5b34-70cb-adbd-040a64e1dc78_terseLabel_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Line Items]</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceLineItems_label_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Line Items]</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceLineItems_documentation_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MinimumLiquidationPreferenceLineItems" xlink:href="ptv-20251231.xsd#ptv_MinimumLiquidationPreferenceLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MinimumLiquidationPreferenceLineItems" xlink:to="lab_ptv_MinimumLiquidationPreferenceLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RelatedPartiesMember_019b0412-5aaf-7f0f-809b-2251e074954c_terseLabel_en-US" xlink:label="lab_ifrs-full_RelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related parties</link:label>
    <link:label id="lab_ifrs-full_RelatedPartiesMember_label_en-US" xlink:label="lab_ifrs-full_RelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total for all related parties [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RelatedPartiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RelatedPartiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RelatedPartiesMember" xlink:to="lab_ifrs-full_RelatedPartiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonCashItemsAbstract_019b0412-5b34-7b6e-a12e-3bce6999d638_terseLabel_en-US" xlink:label="lab_ptv_NonCashItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-cash items:</link:label>
    <link:label id="lab_ptv_NonCashItemsAbstract_label_en-US" xlink:label="lab_ptv_NonCashItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-cash items [Abstract]</link:label>
    <link:label id="lab_ptv_NonCashItemsAbstract_documentation_en-US" xlink:label="lab_ptv_NonCashItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-cash items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonCashItemsAbstract" xlink:href="ptv-20251231.xsd#ptv_NonCashItemsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonCashItemsAbstract" xlink:to="lab_ptv_NonCashItemsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock_019b0412-5aaf-705f-bf85-991eb5755bd6_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Instruments Issued by the Group</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for equity instruments issued by the group [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description of accounting policy for equity instruments issued by the group</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:href="ptv-20251231.xsd#ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Assets_019b0412-5aaf-7940-9293-f76713e8c665_totalLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_ifrs-full_Assets_label_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Assets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="lab_ifrs-full_Assets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities_019d6852-750d-72e9-93d0-289d1b3454c4_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other inflows (outflows) of cash, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfTreasurySharesPurchased_019b0412-59fc-7639-8f79-ffe9f60c585d_negatedTerseLabel_en-US" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of treasury stock (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfTreasurySharesPurchased_019b0412-59fc-7e5d-9961-fe69ed6f53c3_terseLabel_en-US" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of treasury stock (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfTreasurySharesPurchased_label_en-US" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Treasury Shares Purchased</link:label>
    <link:label id="lab_ptv_NumberOfTreasurySharesPurchased_documentation_en-US" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Treasury Shares Purchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfTreasurySharesPurchased" xlink:href="ptv-20251231.xsd#ptv_NumberOfTreasurySharesPurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfTreasurySharesPurchased" xlink:to="lab_ptv_NumberOfTreasurySharesPurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations_019b0412-5968-7323-ae79-7b1959f80abd_terseLabel_en-US" xlink:label="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of simulations</link:label>
    <link:label id="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations_label_en-US" xlink:label="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Technique, Performance Stock Pricing Model, Number Of Simulations</link:label>
    <link:label id="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations_documentation_en-US" xlink:label="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Valuation Technique, Performance Stock Pricing Model, Number Of Simulations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:href="ptv-20251231.xsd#ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:to="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_019b0412-5b34-70bf-9752-b62ca48a45c9_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for income tax [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_019b0412-5aaf-7f9e-a786-a71a549161e9_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity-accounted associates &#8211; share of other comprehensive income/(loss)</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on exchange differences on translation of foreign operations, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain_019b0412-5968-7bf5-ab36-fcfe53486e1d_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity's total for associates</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associates [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInAssociatesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:to="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_019b0412-5aaf-70ac-a920-31d15703766d_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding (Non-vested), beginning of year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_019b0412-5aaf-72e2-89b2-6e27fb8d5166_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding (Non-vested), end of year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_019b0412-5aaf-77fa-b2ba-c06e33279891_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of RSUs held (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments outstanding in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_019b0412-59fc-7d37-b5bc-6e9ca8216bcf_periodStartLabel_en-US" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_019b0412-59fc-7421-80a3-95f678913eaf_periodEndLabel_en-US" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_label_en-US" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current Liabilities, Royalty Liabilities</link:label>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_documentation_en-US" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-current Liabilities, Royalty Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:href="ptv-20251231.xsd#ptv_NonCurrentLiabilitiesRoyaltyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:to="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_EquityMethodInvesteeNameDomain_019b0412-5aaf-7b1f-918c-a02e7b88c9c8_terseLabel_en-US" xlink:label="lab_srt_EquityMethodInvesteeNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment, Name [Domain]</link:label>
    <link:label id="lab_srt_EquityMethodInvesteeNameDomain_label_en-US" xlink:label="lab_srt_EquityMethodInvesteeNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_EquityMethodInvesteeNameDomain" xlink:to="lab_srt_EquityMethodInvesteeNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_019b0412-59fd-764a-bd59-615f93c56b1d_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IssuanceOfPromissoryNoteFairValue_019b0412-59fc-7e64-b6a3-bbd30fe777b1_terseLabel_en-US" xlink:label="lab_ptv_IssuanceOfPromissoryNoteFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of promissory note</link:label>
    <link:label id="lab_ptv_IssuanceOfPromissoryNoteFairValue_label_en-US" xlink:label="lab_ptv_IssuanceOfPromissoryNoteFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance Of Promissory Note, Fair Value</link:label>
    <link:label id="lab_ptv_IssuanceOfPromissoryNoteFairValue_documentation_en-US" xlink:label="lab_ptv_IssuanceOfPromissoryNoteFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issuance Of Promissory Note, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IssuanceOfPromissoryNoteFairValue" xlink:href="ptv-20251231.xsd#ptv_IssuanceOfPromissoryNoteFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IssuanceOfPromissoryNoteFairValue" xlink:to="lab_ptv_IssuanceOfPromissoryNoteFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember_019b0412-5969-7f6b-ae71-0095ad639f13_terseLabel_en-US" xlink:label="lab_ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transferred at a point in time</link:label>
    <link:label id="lab_ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember_label_en-US" xlink:label="lab_ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goods or services transferred at point in time [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember" xlink:to="lab_ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Revenue_019b0412-59fd-7e84-900f-53fcf38f3429_totalLabel_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total revenue</link:label>
    <link:label id="lab_ifrs-full_Revenue_label_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Revenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Revenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Revenue" xlink:to="lab_ifrs-full_Revenue" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CustomerBMember_019b0412-59fc-79e0-b824-e87536dec03a_terseLabel_en-US" xlink:label="lab_ptv_CustomerBMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer B</link:label>
    <link:label id="lab_ptv_CustomerBMember_label_en-US" xlink:label="lab_ptv_CustomerBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer B [Member]</link:label>
    <link:label id="lab_ptv_CustomerBMember_documentation_en-US" xlink:label="lab_ptv_CustomerBMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Customer B</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CustomerBMember" xlink:href="ptv-20251231.xsd#ptv_CustomerBMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CustomerBMember" xlink:to="lab_ptv_CustomerBMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_019b0412-59fd-71cd-a098-88797840626e_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PayrollCosts_019b0412-5aaf-76ac-aa02-4c561ebe8a94_terseLabel_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ptv_PayrollCosts_019b0412-5aaf-7fef-a71f-b90de31e7a3c_totalLabel_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total payroll costs</link:label>
    <link:label id="lab_ptv_PayrollCosts_label_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payroll Costs</link:label>
    <link:label id="lab_ptv_PayrollCosts_documentation_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payroll Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PayrollCosts" xlink:href="ptv-20251231.xsd#ptv_PayrollCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PayrollCosts" xlink:to="lab_ptv_PayrollCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapitalMember_019b0412-59fd-7fbb-9d02-f0c973676cc1_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Capital</link:label>
    <link:label id="lab_ifrs-full_IssuedCapitalMember_label_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapitalMember" xlink:to="lab_ifrs-full_IssuedCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltyPharmaMember_019b0412-59fd-7b03-83e7-fcff17556494_terseLabel_en-US" xlink:label="lab_ptv_RoyaltyPharmaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Royalty Pharma</link:label>
    <link:label id="lab_ptv_RoyaltyPharmaMember_label_en-US" xlink:label="lab_ptv_RoyaltyPharmaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Pharma [Member]</link:label>
    <link:label id="lab_ptv_RoyaltyPharmaMember_documentation_en-US" xlink:label="lab_ptv_RoyaltyPharmaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalty Pharma</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltyPharmaMember" xlink:href="ptv-20251231.xsd#ptv_RoyaltyPharmaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltyPharmaMember" xlink:to="lab_ptv_RoyaltyPharmaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfOtherProvisionsDomain_019d2b6b-a69a-76bd-a454-e9b69e7d5abb_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of other provisions [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfOtherProvisionsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of other provisions [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfOtherProvisionsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:to="lab_ifrs-full_ClassesOfOtherProvisionsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherReservesMember_019b0412-59fd-7173-95d1-b686ed2fc437_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherReservesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other reserve</link:label>
    <link:label id="lab_ifrs-full_OtherReservesMember_label_en-US" xlink:label="lab_ifrs-full_OtherReservesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other reserves [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReservesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReservesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReservesMember" xlink:to="lab_ifrs-full_OtherReservesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilityRentableArea_019b0412-59fc-757f-be1d-87df3715389c_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilityRentableArea" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rentable area (in square feet)</link:label>
    <link:label id="lab_ptv_LeaseLiabilityRentableArea_label_en-US" xlink:label="lab_ptv_LeaseLiabilityRentableArea" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Rentable Area</link:label>
    <link:label id="lab_ptv_LeaseLiabilityRentableArea_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilityRentableArea" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Rentable Area</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilityRentableArea" xlink:href="ptv-20251231.xsd#ptv_LeaseLiabilityRentableArea"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilityRentableArea" xlink:to="lab_ptv_LeaseLiabilityRentableArea" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems_019b0412-59fc-7a1e-95b1-b389fd77e30f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems" xlink:to="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UnsecuredPromissoryNoteReceivableMember_019b0412-5969-7135-8453-6ca6d6562043_terseLabel_en-US" xlink:label="lab_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecured promissory note</link:label>
    <link:label id="lab_ptv_UnsecuredPromissoryNoteReceivableMember_label_en-US" xlink:label="lab_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Promissory Note Receivable [Member]</link:label>
    <link:label id="lab_ptv_UnsecuredPromissoryNoteReceivableMember_documentation_en-US" xlink:label="lab_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unsecured Promissory Note Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:href="ptv-20251231.xsd#ptv_UnsecuredPromissoryNoteReceivableMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:to="lab_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_019b0412-59fc-7882-b69c-a0bb894932d1_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries_019b0412-5969-79cc-9707-b8437b0507b8_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of Subsidiary</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through change in equity of subsidiaries, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_019b0412-5aaf-7062-8379-2f2cbdf2e083_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Exercise of stock options (in shares)</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in number of ordinary shares issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:to="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SegmentInformationAbstract_label_en-US" xlink:label="lab_ptv_SegmentInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Information [Abstract]</link:label>
    <link:label id="lab_ptv_SegmentInformationAbstract_documentation_en-US" xlink:label="lab_ptv_SegmentInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Segment Information [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SegmentInformationAbstract" xlink:href="ptv-20251231.xsd#ptv_SegmentInformationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SegmentInformationAbstract" xlink:to="lab_ptv_SegmentInformationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccountingPoliciesSubsidiariesTable_019b0412-5969-7bf6-8526-f7adcffc663f_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Policies - Subsidiaries [Table]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesSubsidiariesTable_label_en-US" xlink:label="lab_ptv_AccountingPoliciesSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies - Subsidiaries [Table]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesSubsidiariesTable_documentation_en-US" xlink:label="lab_ptv_AccountingPoliciesSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accounting Policies - Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesSubsidiariesTable" xlink:href="ptv-20251231.xsd#ptv_AccountingPoliciesSubsidiariesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccountingPoliciesSubsidiariesTable" xlink:to="lab_ptv_AccountingPoliciesSubsidiariesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_019b0412-5b34-7d03-8452-1dc45dc43c55_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">US federal statutory rate</link:label>
    <link:label id="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_label_en-US" xlink:label="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax expense (income) at applicable tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:to="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_019b0412-59fc-702e-87b0-40200ec0d2a2_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Disposals</link:label>
    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_019d6c2c-8dfa-7234-a7f0-faa5ce220878_negatedLabel_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Disposals/Impairment</link:label>
    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposals, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_019b0412-5aaf-7424-8b8c-eec5958c8469_verboseLabel_en-US" xlink:label="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Range of Exercise Prices (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_019b0412-5aaf-71e9-8e28-915ab5eb6fc0_terseLabel_en-US" xlink:label="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise price range (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_label_en-US" xlink:label="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise price of outstanding share options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExercisePriceOfOutstandingShareOptions2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:to="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentPrepaidExpenses_019b0412-59fc-75d6-8d4a-962386cf6f10_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPrepaidExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses</link:label>
    <link:label id="lab_ifrs-full_CurrentPrepaidExpenses_019c2440-b67e-7931-97cd-83d53abf3e7e_negatedLabel_en-US" xlink:label="lab_ifrs-full_CurrentPrepaidExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Prepaid assets</link:label>
    <link:label id="lab_ifrs-full_CurrentPrepaidExpenses_label_en-US" xlink:label="lab_ifrs-full_CurrentPrepaidExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current prepaid expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentPrepaidExpenses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentPrepaidExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentPrepaidExpenses" xlink:to="lab_ifrs-full_CurrentPrepaidExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ConstructionInProgressMember_019b0412-59fd-71dd-ac32-af70b9102af8_terseLabel_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction in progress</link:label>
    <link:label id="lab_ifrs-full_ConstructionInProgressMember_label_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction in progress [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConstructionInProgressMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConstructionInProgressMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConstructionInProgressMember" xlink:to="lab_ifrs-full_ConstructionInProgressMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_019b0412-59fd-7fbe-b489-41c0f8d90777_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Three to Twelve Months</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three months and not later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:to="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssetsAbstract_019b0412-59fc-7bdf-976e-8dc4c7003998_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_ifrs-full_AssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets_019b0412-5aaf-7c11-95fb-26df92916c6c_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) &#8211; changes in fair value through profit and loss</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets_019b0412-5aaf-792b-83a8-70dac076213d_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on changes in fair value</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss excluding exchange differences, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RightofuseAssetsMember_019b0412-5969-783f-b028-fa7dd97720dc_terseLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Right of use assets</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssetsMember_label_en-US" xlink:label="lab_ifrs-full_RightofuseAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-use assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RightofuseAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RightofuseAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RightofuseAssetsMember" xlink:to="lab_ifrs-full_RightofuseAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CommenseMember_019b0412-5969-73ac-adaa-74137f3dd3fc_verboseLabel_en-US" xlink:label="lab_ptv_CommenseMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Commense Inc.</link:label>
    <link:label id="lab_ptv_CommenseMember_label_en-US" xlink:label="lab_ptv_CommenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commense [Member]</link:label>
    <link:label id="lab_ptv_CommenseMember_documentation_en-US" xlink:label="lab_ptv_CommenseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommenseMember" xlink:href="ptv-20251231.xsd#ptv_CommenseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CommenseMember" xlink:to="lab_ptv_CommenseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseLineItems_019b0412-5aaf-7cb0-806a-7b83cc69eff8_terseLabel_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Line Items]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseLineItems_label_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Line Items]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseLineItems_documentation_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:href="ptv-20251231.xsd#ptv_RecognisedIncomeTaxExpenseLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:to="lab_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PaymentOfOtherShortTermDebt_019b0412-59fc-76dd-bb40-2f5ba59b8ac0_negatedTerseLabel_en-US" xlink:label="lab_ptv_PaymentOfOtherShortTermDebt" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayment of short-term note from associate</link:label>
    <link:label id="lab_ptv_PaymentOfOtherShortTermDebt_label_en-US" xlink:label="lab_ptv_PaymentOfOtherShortTermDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment of other short term debt</link:label>
    <link:label id="lab_ptv_PaymentOfOtherShortTermDebt_documentation_en-US" xlink:label="lab_ptv_PaymentOfOtherShortTermDebt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payment of other short term debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PaymentOfOtherShortTermDebt" xlink:href="ptv-20251231.xsd#ptv_PaymentOfOtherShortTermDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PaymentOfOtherShortTermDebt" xlink:to="lab_ptv_PaymentOfOtherShortTermDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedFromTransactionFees_019b0412-59fd-7569-8058-833101549e85_terseLabel_en-US" xlink:label="lab_ptv_ProceedFromTransactionFees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceed from transaction fees</link:label>
    <link:label id="lab_ptv_ProceedFromTransactionFees_label_en-US" xlink:label="lab_ptv_ProceedFromTransactionFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceed from Transaction Fees</link:label>
    <link:label id="lab_ptv_ProceedFromTransactionFees_documentation_en-US" xlink:label="lab_ptv_ProceedFromTransactionFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceed from Transaction Fees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedFromTransactionFees" xlink:href="ptv-20251231.xsd#ptv_ProceedFromTransactionFees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedFromTransactionFees" xlink:to="lab_ptv_ProceedFromTransactionFees" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_019b0412-5969-7ed4-aab1-fe4f8a9c9178_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share price at grant date</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average share price, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:to="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentAssetsAbstract_019b0412-59fc-7c8e-8aca-4a1d96d1c322_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:label id="lab_ifrs-full_CurrentAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssetsAbstract" xlink:to="lab_ifrs-full_CurrentAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCurrentPayables_019b0412-5969-799b-8c2c-bf39625eb128_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherCurrentPayables_label_en-US" xlink:label="lab_ifrs-full_OtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other current payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCurrentPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherCurrentPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCurrentPayables" xlink:to="lab_ifrs-full_OtherCurrentPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_019b0412-59fd-7492-9309-ee5351cfa355_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingExpenseCategoryDomain_019b0412-59fd-75a6-98a6-4b5bfff35a42_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Expense Category [Domain]</link:label>
    <link:label id="lab_ptv_OperatingExpenseCategoryDomain_label_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expense Category [Domain]</link:label>
    <link:label id="lab_ptv_OperatingExpenseCategoryDomain_documentation_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Expense Category [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingExpenseCategoryDomain" xlink:href="ptv-20251231.xsd#ptv_OperatingExpenseCategoryDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingExpenseCategoryDomain" xlink:to="lab_ptv_OperatingExpenseCategoryDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueAbstract_019b0412-59fc-73a3-9630-262c23f3c8fe_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue [abstract]</link:label>
    <link:label id="lab_ifrs-full_RevenueAbstract_label_en-US" xlink:label="lab_ifrs-full_RevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueAbstract" xlink:to="lab_ifrs-full_RevenueAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfShares_019b0412-59fc-7302-86b8-ff6ebd60456d_negatedTerseLabel_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase and cancellation of ordinary shares from Tender Offer (in shares)</link:label>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfShares_label_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase And Cancellation Of Shares</link:label>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfShares_documentation_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repurchase And Cancellation Of Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RepurchaseAndCancellationOfShares" xlink:href="ptv-20251231.xsd#ptv_RepurchaseAndCancellationOfShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RepurchaseAndCancellationOfShares" xlink:to="lab_ptv_RepurchaseAndCancellationOfShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryOperatingCompaniesMember_019b0412-59fd-7214-be0a-9dcb7f9c8acf_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary operating companies</link:label>
    <link:label id="lab_ptv_SubsidiaryOperatingCompaniesMember_label_en-US" xlink:label="lab_ptv_SubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Operating Companies [Member]</link:label>
    <link:label id="lab_ptv_SubsidiaryOperatingCompaniesMember_documentation_en-US" xlink:label="lab_ptv_SubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Operating Companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryOperatingCompaniesMember" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryOperatingCompaniesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryOperatingCompaniesMember" xlink:to="lab_ptv_SubsidiaryOperatingCompaniesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssetsAbstract_019b0412-59fd-723c-b773-7e366f304f16_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
    <link:label id="lab_ifrs-full_NoncurrentAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:to="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PresentationOfLeasesForLesseeAbstract_label_en-US" xlink:label="lab_ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Presentation of leases for lessee [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PresentationOfLeasesForLesseeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:to="lab_ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinanceCostExplanatory_019b0412-59fc-7e11-9d60-a608c035a836_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Income/(Costs), net</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinanceCostExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of finance cost [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinanceCostExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForOtherServices_019b0412-5969-7ace-a97a-a7568c090325_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForOtherServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-audit related services</link:label>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForOtherServices_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForOtherServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor's remuneration for other services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemunerationForOtherServices" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AuditorsRemunerationForOtherServices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AuditorsRemunerationForOtherServices" xlink:to="lab_ifrs-full_AuditorsRemunerationForOtherServices" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CustomerAMember_019b0412-5aaf-7290-8817-cabeee42f01d_terseLabel_en-US" xlink:label="lab_ptv_CustomerAMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer A</link:label>
    <link:label id="lab_ptv_CustomerAMember_label_en-US" xlink:label="lab_ptv_CustomerAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer A [Member]</link:label>
    <link:label id="lab_ptv_CustomerAMember_documentation_en-US" xlink:label="lab_ptv_CustomerAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Customer A</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CustomerAMember" xlink:href="ptv-20251231.xsd#ptv_CustomerAMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CustomerAMember" xlink:to="lab_ptv_CustomerAMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_019b0412-5969-71c1-86ec-461f3f7c5516_negatedLabel_en-US" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses</link:label>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_019b0412-5969-7b52-abcd-f233fe0aa342_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses</link:label>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_019c26f7-e14b-7693-b830-acba308c85f4_verboseLabel_en-US" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_019b0412-5969-778c-a500-4c4550edfe13_terseLabel_en-US" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses</link:label>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_label_en-US" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and administrative expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeneralAndAdministrativeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeneralAndAdministrativeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeneralAndAdministrativeExpense" xlink:to="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_019b0412-5968-7dc9-8aeb-5e4e1150ce76_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of income tax [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentInformationLineItems_019b0412-5b34-768a-9723-168c6c9ebd01_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document and Entity Information [Line Items]</link:label>
    <link:label id="lab_dei_DocumentInformationLineItems_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationLineItems" xlink:to="lab_dei_DocumentInformationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryConvertibleNotesMember_019b0412-5969-71de-a23a-9908efb8d40b_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Notes</link:label>
    <link:label id="lab_ptv_SubsidiaryConvertibleNotesMember_label_en-US" xlink:label="lab_ptv_SubsidiaryConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Convertible Notes [Member]</link:label>
    <link:label id="lab_ptv_SubsidiaryConvertibleNotesMember_documentation_en-US" xlink:label="lab_ptv_SubsidiaryConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryConvertibleNotesMember" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryConvertibleNotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryConvertibleNotesMember" xlink:to="lab_ptv_SubsidiaryConvertibleNotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_019b0412-5aaf-7ab3-ac9f-f86b623b6ccf_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">IFRS 15, Revenue from Contracts with Customers</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for recognition of revenue [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock_019b0412-5aaf-7080-a1cc-e8f987685c20_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Earnings/(Loss) per Share</link:label>
    <link:label id="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Earnings per Share [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Earnings per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_ScheduleOfEarningsPerShareTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:to="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentInNotesFromAssociatesAbstract_019b0412-5969-7f9b-ba74-cddfb9f257d1_terseLabel_en-US" xlink:label="lab_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Notes from Associates [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentInNotesFromAssociatesAbstract_label_en-US" xlink:label="lab_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment in Notes from Associates [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentInNotesFromAssociatesAbstract_documentation_en-US" xlink:label="lab_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in Notes from Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:href="ptv-20251231.xsd#ptv_InvestmentInNotesFromAssociatesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:to="lab_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock_019b0412-5aaf-75e9-8164-9329425c89eb_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Lease Liabilities</link:label>
    <link:label id="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Lease Liabilities [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Lease Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfLeaseLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:to="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_019b0412-5b34-7a81-9734-ab68eed3e5b2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Stock Option Activity</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of number and weighted average exercise prices of share options [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold_019b0412-5b34-7578-9dfc-0d4702dd98f6_terseLabel_en-US" xlink:label="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of royalties received above annual threshold</link:label>
    <link:label id="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold_label_en-US" xlink:label="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Agreement, Percentage Of Royalties Received Above Annual Threshold</link:label>
    <link:label id="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold_documentation_en-US" xlink:label="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability, Percentage Of Royalties Received Above Annual Threshold</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:href="ptv-20251231.xsd#ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:to="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount_019d91ea-a9ff-794a-b404-7a63f86bb7e4_negatedLabel_en-US" xlink:label="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Current year losses and credits for which no deferred tax asset is recognized</link:label>
    <link:label id="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount_label_en-US" xlink:label="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Year Losses And Credits For Which No Deferred Tax Asset Is Recognized, Amount</link:label>
    <link:label id="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount_documentation_en-US" xlink:label="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Year Losses And Credits For Which No Deferred Tax Asset Is Recognized, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount" xlink:href="ptv-20251231.xsd#ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount" xlink:to="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_Deconsolidation_019b0412-59fd-7cb0-8c5c-01bc220a8f80_negatedTerseLabel_en-US" xlink:label="lab_ptv_Deconsolidation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiary - (Seaport)</link:label>
    <link:label id="lab_ptv_Deconsolidation_label_en-US" xlink:label="lab_ptv_Deconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidation</link:label>
    <link:label id="lab_ptv_Deconsolidation_documentation_en-US" xlink:label="lab_ptv_Deconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_Deconsolidation" xlink:href="ptv-20251231.xsd#ptv_Deconsolidation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_Deconsolidation" xlink:to="lab_ptv_Deconsolidation" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfEffectsOfStateTaxRateInUS_019b0412-5aaf-78ff-bbe8-767853c7da20_terseLabel_en-US" xlink:label="lab_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">State taxes, net of federal effect</link:label>
    <link:label id="lab_ptv_RateOfEffectsOfStateTaxRateInUS_label_en-US" xlink:label="lab_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of Effects of state tax rate in US</link:label>
    <link:label id="lab_ptv_RateOfEffectsOfStateTaxRateInUS_documentation_en-US" xlink:label="lab_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of Effects of state tax rate in US</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:href="ptv-20251231.xsd#ptv_RateOfEffectsOfStateTaxRateInUS"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:to="lab_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsTable_019b0412-59fc-70df-8891-9fc22bed8ac2_terseLabel_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Table]</link:label>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsTable_label_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Table]</link:label>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsTable_documentation_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:href="ptv-20251231.xsd#ptv_UnrecognizedDeferredTaxAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:to="lab_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract_019b0412-5aaf-79f3-a390-a8804087a22e_terseLabel_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidated former subsidiary operating&#160;companies</link:label>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract_label_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidated former subsidiaries [Abstract]</link:label>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract_documentation_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidated former subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:href="ptv-20251231.xsd#ptv_DeconsolidatedFormerSubsidiariesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:to="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RelatedPartyTransactionsAbstract_019b0412-5aaf-7f55-92d1-36b78923fd9f_terseLabel_en-US" xlink:label="lab_ifrs-full_RelatedPartyTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related party transactions [abstract]</link:label>
    <link:label id="lab_ifrs-full_RelatedPartyTransactionsAbstract_label_en-US" xlink:label="lab_ifrs-full_RelatedPartyTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related party transactions [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RelatedPartyTransactionsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RelatedPartyTransactionsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RelatedPartyTransactionsAbstract" xlink:to="lab_ifrs-full_RelatedPartyTransactionsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate_019b0412-5aaf-717a-a388-1472817cf4b2_negatedTerseLabel_en-US" xlink:label="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax credits</link:label>
    <link:label id="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate Of Tax credits, Reconciliation Of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate Of Tax credits, Reconciliation Of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MayWarrantsMember_019b0412-59fc-7956-8607-3ceaca76c417_terseLabel_en-US" xlink:label="lab_ptv_MayWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">May Warrants</link:label>
    <link:label id="lab_ptv_MayWarrantsMember_label_en-US" xlink:label="lab_ptv_MayWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">May Warrants [Member]</link:label>
    <link:label id="lab_ptv_MayWarrantsMember_documentation_en-US" xlink:label="lab_ptv_MayWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">May Warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MayWarrantsMember" xlink:href="ptv-20251231.xsd#ptv_MayWarrantsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MayWarrantsMember" xlink:to="lab_ptv_MayWarrantsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_019b0412-5aaf-7c27-85cc-83724cbacda7_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities:</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareOfNetAssets_019b0412-5b34-73f8-8b9b-99552e28f81e_terseLabel_en-US" xlink:label="lab_ptv_ShareOfNetAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Group's share of net assets (net deficit)</link:label>
    <link:label id="lab_ptv_ShareOfNetAssets_label_en-US" xlink:label="lab_ptv_ShareOfNetAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of net assets</link:label>
    <link:label id="lab_ptv_ShareOfNetAssets_documentation_en-US" xlink:label="lab_ptv_ShareOfNetAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share of net assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareOfNetAssets" xlink:href="ptv-20251231.xsd#ptv_ShareOfNetAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareOfNetAssets" xlink:to="lab_ptv_ShareOfNetAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_019b0412-5969-758b-89c2-9eb8f215a98e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk-free interest rate</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk free interest rate, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:to="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash_019b0412-5969-7de1-aa06-5d1fdf116533_terseLabel_en-US" xlink:label="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost associated with Tender Offer not yet paid in cash</link:label>
    <link:label id="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash_label_en-US" xlink:label="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase of ordinary shares not yet paid in cash</link:label>
    <link:label id="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash_documentation_en-US" xlink:label="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repurchase of ordinary shares not yet paid in cash</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:href="ptv-20251231.xsd#ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:to="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities_019b0412-5aaf-7391-99cf-022e72cf0fb5_terseLabel_en-US" xlink:label="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of future royalties liability, current</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities_019b0412-5aaf-7484-a4ab-850395f2338f_verboseLabel_en-US" xlink:label="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Sale of future royalties liability, current</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities_label_en-US" xlink:label="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Liabilities, Royalty Liabilities</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities_documentation_en-US" xlink:label="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Liabilities, Royalty Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:href="ptv-20251231.xsd#ptv_CurrentLiabilitiesRoyaltyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:to="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InactiveSubsidiariesAbstract_019b0412-5aaf-767c-aa56-04bdb8c4b4f3_terseLabel_en-US" xlink:label="lab_ptv_InactiveSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inactive subsidiaries</link:label>
    <link:label id="lab_ptv_InactiveSubsidiariesAbstract_label_en-US" xlink:label="lab_ptv_InactiveSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inactive subsidiaries [Abstract]</link:label>
    <link:label id="lab_ptv_InactiveSubsidiariesAbstract_documentation_en-US" xlink:label="lab_ptv_InactiveSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inactive subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InactiveSubsidiariesAbstract" xlink:href="ptv-20251231.xsd#ptv_InactiveSubsidiariesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InactiveSubsidiariesAbstract" xlink:to="lab_ptv_InactiveSubsidiariesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_019b0412-5aaf-7483-b2ab-d5b8477a8a1d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in Associates</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_019b0412-5aaf-729c-92c6-232200b587ec_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investment in Notes from Associates</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of associates [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_019b0412-5969-7bdd-90c4-cd951daafb96_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity-settled share-based awards expense</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_019c2734-a7ed-79e1-a497-f49fd7df78bb_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Equity settled share-based payments</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through share-based payment transactions, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LegalProceedingsContingentLiabilityMember_019b0412-5aaf-7239-ac80-8f1a941f245c_terseLabel_en-US" xlink:label="lab_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legal proceedings contingent liability</link:label>
    <link:label id="lab_ifrs-full_LegalProceedingsContingentLiabilityMember_label_en-US" xlink:label="lab_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal proceedings contingent liability [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LegalProceedingsContingentLiabilityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:to="lab_ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssets_019b0412-5968-7138-8239-6726f8d595fd_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total non-current assets</link:label>
    <link:label id="lab_ifrs-full_NoncurrentAssets_019b0412-5968-72e4-9ccc-d889425b09ca_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
    <link:label id="lab_ifrs-full_NoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssets" xlink:to="lab_ifrs-full_NoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate_019b0412-59fd-770a-8505-11e0209675d7_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in associate</link:label>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate_019c23c4-9cc5-7e0a-9904-a66e793db749_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Group's share in %</link:label>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfOptionsHeld_019b0412-59fc-7624-adf9-f3e426344234_terseLabel_en-US" xlink:label="lab_ptv_NumberOfOptionsHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of options held (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfOptionsHeld_label_en-US" xlink:label="lab_ptv_NumberOfOptionsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Options held</link:label>
    <link:label id="lab_ptv_NumberOfOptionsHeld_documentation_en-US" xlink:label="lab_ptv_NumberOfOptionsHeld" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Options held</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfOptionsHeld" xlink:href="ptv-20251231.xsd#ptv_NumberOfOptionsHeld"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfOptionsHeld" xlink:to="lab_ptv_NumberOfOptionsHeld" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesAbstract_019b0412-59fd-78bd-b130-d9ec70fd1e14_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesAbstract_label_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesAbstract_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesAbstract" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryPreferredSharesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPreferredSharesAbstract" xlink:to="lab_ptv_SubsidiaryPreferredSharesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentsTableLineItems_019b0412-59fc-7a8b-ba65-83b0af30f28f_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Line Items]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsTableLineItems_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Line Items]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsTableLineItems_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payments Table</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsTableLineItems" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentsTableLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsTableLineItems" xlink:to="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_019b0412-59fd-7419-a44a-68cea3e0b418_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain_019b0412-5969-794b-8e82-a2192de4254b_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain" xlink:to="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherGainsLosses_019b0412-5aaf-7fb9-9798-1376915fa3d1_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income/(expense)</link:label>
    <link:label id="lab_ifrs-full_OtherGainsLosses_label_en-US" xlink:label="lab_ifrs-full_OtherGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other gains (losses)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherGainsLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherGainsLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherGainsLosses" xlink:to="lab_ifrs-full_OtherGainsLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCountry_019b0412-5aaf-78ed-abaa-e18d39af6fcb_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Country</link:label>
    <link:label id="lab_dei_EntityAddressCountry_label_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Country</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCountry" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCountry"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCountry" xlink:to="lab_dei_EntityAddressCountry" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesMember_019b0412-59fd-783d-bcb8-42b08851b7c5_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary preferred shares</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesMember_label_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Member]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesMember_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesMember" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryPreferredSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPreferredSharesMember" xlink:to="lab_ptv_SubsidiaryPreferredSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_019b0412-59fc-7321-8dd1-b7500c7389bb_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested_019b0412-59fc-7d41-8f4e-f0f133f35cb0_terseLabel_en-US" xlink:label="lab_ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement, fully vested</link:label>
    <link:label id="lab_ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested_label_en-US" xlink:label="lab_ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement, fully vested</link:label>
    <link:label id="lab_ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested_documentation_en-US" xlink:label="lab_ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement, fully vested</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested" xlink:href="ptv-20251231.xsd#ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested" xlink:to="lab_ptv_NumberOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangementFullyVested" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock_019b0412-59fd-74ec-a8d9-cf28e437d52f_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Investments Held at Fair Value</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary Of Investments Held At Fair Value [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary Of Investments Held At Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:to="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromSaleOfEquityInvestment_019b0412-5aaf-7e15-8c0d-d216b9962ffd_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfEquityInvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of equity investment</link:label>
    <link:label id="lab_ptv_ProceedsFromSaleOfEquityInvestment_label_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfEquityInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Equity Investment</link:label>
    <link:label id="lab_ptv_ProceedsFromSaleOfEquityInvestment_documentation_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfEquityInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Equity Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromSaleOfEquityInvestment" xlink:href="ptv-20251231.xsd#ptv_ProceedsFromSaleOfEquityInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromSaleOfEquityInvestment" xlink:to="lab_ptv_ProceedsFromSaleOfEquityInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1_019b0412-5969-7f10-9130-f7524e177bf9_terseLabel_en-US" xlink:label="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other general and administrative expenses</link:label>
    <link:label id="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1_label_en-US" xlink:label="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Selling General And Administrative Expense 1</link:label>
    <link:label id="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1_documentation_en-US" xlink:label="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Selling General And Administrative Expense 1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:href="ptv-20251231.xsd#ptv_OtherSellingGeneralAndAdministrativeExpense1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:to="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertiblePromissoryNoteMember_019b0412-5aaf-78a0-88c6-810d586df58a_terseLabel_en-US" xlink:label="lab_ptv_ConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible promissory note</link:label>
    <link:label id="lab_ptv_ConvertiblePromissoryNoteMember_label_en-US" xlink:label="lab_ptv_ConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Promissory Note [Member]</link:label>
    <link:label id="lab_ptv_ConvertiblePromissoryNoteMember_documentation_en-US" xlink:label="lab_ptv_ConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Promissory Note</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertiblePromissoryNoteMember" xlink:href="ptv-20251231.xsd#ptv_ConvertiblePromissoryNoteMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertiblePromissoryNoteMember" xlink:to="lab_ptv_ConvertiblePromissoryNoteMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement_019b0412-5b34-71fb-a85f-387f6167e4c5_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average stock price of share options exercised in share-based payment arrangement (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average stock price of share options exercised in share-based payment arrangement</link:label>
    <link:label id="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average stock price of share options exercised in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:to="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_019b0412-5b34-7188-87d5-224a60c365ff_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Currency</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for foreign currency translation [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_019b0412-59fc-75c0-8ace-434482431323_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment of fixed assets</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
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    <link:label id="lab_dei_DocumentAnnualReport_019b0412-5969-7f71-bc12-78ac5aff453b_terseLabel_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:label id="lab_dei_DocumentAnnualReport_label_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAnnualReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAnnualReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAnnualReport" xlink:to="lab_dei_DocumentAnnualReport" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable_019b0412-5aaf-7804-9f59-99bef8412a47_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Table]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable_label_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Table]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable_documentation_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:href="ptv-20251231.xsd#ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:to="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeographicalAreasDomain_019b0412-59fd-77d6-8e9b-7f28309b0959_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas</link:label>
    <link:label id="lab_ifrs-full_GeographicalAreasDomain_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasDomain" xlink:to="lab_ifrs-full_GeographicalAreasDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_019b0412-59fd-7c54-aaff-125e59eedfee_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Realized (gain)/loss on sale of investments</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for losses (gains) on disposal of non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRevenueExplanatory_019b0412-5b34-706d-81ad-0310e821fa8c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRevenueExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of revenue [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRevenueExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRevenueExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRevenueExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRevenueExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_019b0412-59fd-7b70-9c03-b5399ab42953_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other receivables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other current receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherCurrentReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentReceivables" xlink:to="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_019b0412-5aaf-755a-8453-049658814252_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital and Financial Risk Management</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial risk management [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialRiskManagementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent_019b0412-59fc-799c-9738-beb965cd561f_terseLabel_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of future royalties liability, non-current</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent_label_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale of Future Royalties Liability, Non-Current</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent_documentation_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale of Future Royalties Liability, Non-Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent" xlink:href="ptv-20251231.xsd#ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent" xlink:to="lab_ptv_SaleOfFutureRoyaltiesLiabilityNonCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_019b0412-5aaf-71ae-ad71-b2b791e18fe8_terseLabel_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_label_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityInteractiveDataCurrent" xlink:to="lab_dei_EntityInteractiveDataCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LighthouseCapitalPartnersVILPMember_019b0412-5969-70b5-8d54-f883d0f04625_terseLabel_en-US" xlink:label="lab_ptv_LighthouseCapitalPartnersVILPMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lighthouse Capital Partners VI, L.P</link:label>
    <link:label id="lab_ptv_LighthouseCapitalPartnersVILPMember_label_en-US" xlink:label="lab_ptv_LighthouseCapitalPartnersVILPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lighthouse Capital Partners VI, L.P [Member]</link:label>
    <link:label id="lab_ptv_LighthouseCapitalPartnersVILPMember_documentation_en-US" xlink:label="lab_ptv_LighthouseCapitalPartnersVILPMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lighthouse Capital Partners VI, L.P</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LighthouseCapitalPartnersVILPMember" xlink:href="ptv-20251231.xsd#ptv_LighthouseCapitalPartnersVILPMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LighthouseCapitalPartnersVILPMember" xlink:to="lab_ptv_LighthouseCapitalPartnersVILPMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InterestIncomeFromFinancialAssets_019b0412-59fc-7c13-a952-a9a6802d41a9_terseLabel_en-US" xlink:label="lab_ptv_InterestIncomeFromFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income from financial assets</link:label>
    <link:label id="lab_ptv_InterestIncomeFromFinancialAssets_label_en-US" xlink:label="lab_ptv_InterestIncomeFromFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income From Financial Assets</link:label>
    <link:label id="lab_ptv_InterestIncomeFromFinancialAssets_documentation_en-US" xlink:label="lab_ptv_InterestIncomeFromFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Income From Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InterestIncomeFromFinancialAssets" xlink:href="ptv-20251231.xsd#ptv_InterestIncomeFromFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InterestIncomeFromFinancialAssets" xlink:to="lab_ptv_InterestIncomeFromFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AcquisitionOfNetAsset_019b0412-5aaf-738a-956b-4929c461f444_terseLabel_en-US" xlink:label="lab_ptv_AcquisitionOfNetAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of net asset</link:label>
    <link:label id="lab_ptv_AcquisitionOfNetAsset_label_en-US" xlink:label="lab_ptv_AcquisitionOfNetAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Of Net Asset</link:label>
    <link:label id="lab_ptv_AcquisitionOfNetAsset_documentation_en-US" xlink:label="lab_ptv_AcquisitionOfNetAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Acquisition Of Net Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AcquisitionOfNetAsset" xlink:href="ptv-20251231.xsd#ptv_AcquisitionOfNetAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AcquisitionOfNetAsset" xlink:to="lab_ptv_AcquisitionOfNetAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_019b0412-59fc-7e4a-bfdb-c56b0facc94f_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables due from related parties</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables due from related parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:to="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock_019b0412-59fd-7615-850f-143f377c94ea_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Preferred Shares [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:to="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsAbstract_019b0412-5b34-7737-b5f8-a014fcf3ba0b_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Abstract]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsAbstract_label_en-US" xlink:label="lab_ptv_NonControllingInterestsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Abstract]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsAbstract_documentation_en-US" xlink:label="lab_ptv_NonControllingInterestsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsAbstract" xlink:href="ptv-20251231.xsd#ptv_NonControllingInterestsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonControllingInterestsAbstract" xlink:to="lab_ptv_NonControllingInterestsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable_019b0412-5969-724e-8930-68aab244d5bf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Maturity Analysis of Operating Lease Payments [Table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis of operating lease payments [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:to="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock_019b0412-59fc-74ef-a44f-ca82050cebb6_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis of Measurement</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis of Measurement [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis of Measurement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:href="ptv-20251231.xsd#ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromSaleOfFutureRoyalties_019b0412-59fc-718b-b6cd-81fa29b5a39b_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receipts from Royalty Purchase Agreement</link:label>
    <link:label id="lab_ptv_ProceedsFromSaleOfFutureRoyalties_label_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Future Royalties</link:label>
    <link:label id="lab_ptv_ProceedsFromSaleOfFutureRoyalties_documentation_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Future Royalties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:href="ptv-20251231.xsd#ptv_ProceedsFromSaleOfFutureRoyalties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:to="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeriesA2PreferredSharesMember_019b0412-59fd-738a-a723-076d0c2066dc_terseLabel_en-US" xlink:label="lab_ptv_SeriesA2PreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A-2 Preferred Shares</link:label>
    <link:label id="lab_ptv_SeriesA2PreferredSharesMember_label_en-US" xlink:label="lab_ptv_SeriesA2PreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series A-2 Preferred Shares [Member]</link:label>
    <link:label id="lab_ptv_SeriesA2PreferredSharesMember_documentation_en-US" xlink:label="lab_ptv_SeriesA2PreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series A-2 Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesA2PreferredSharesMember" xlink:href="ptv-20251231.xsd#ptv_SeriesA2PreferredSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesA2PreferredSharesMember" xlink:to="lab_ptv_SeriesA2PreferredSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_019b0412-5969-7c74-9f46-b5a376ed435c_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DrRobertLangerMember_019b0412-5969-718d-8d35-85a09a9f3d7d_terseLabel_en-US" xlink:label="lab_ptv_DrRobertLangerMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dr Robert Langer</link:label>
    <link:label id="lab_ptv_DrRobertLangerMember_label_en-US" xlink:label="lab_ptv_DrRobertLangerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dr Robert Langer [Member]</link:label>
    <link:label id="lab_ptv_DrRobertLangerMember_documentation_en-US" xlink:label="lab_ptv_DrRobertLangerMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dr Robert Langer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrRobertLangerMember" xlink:href="ptv-20251231.xsd#ptv_DrRobertLangerMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrRobertLangerMember" xlink:to="lab_ptv_DrRobertLangerMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_019b0412-5968-7095-b3db-82523b0c1016_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total parent equity</link:label>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable_019b0412-5969-7490-876e-6f8a36f6a530_terseLabel_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Table]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable_label_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Table]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable_documentation_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:href="ptv-20251231.xsd#ptv_SaleOfFutureRoyaltiesLiabilityTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:to="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesTable_019b0412-5aaf-710d-ba33-150d7edc19b9_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesTable_label_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesTable_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesTable" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryPreferredSharesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPreferredSharesTable" xlink:to="lab_ptv_SubsidiaryPreferredSharesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfEntitiesEstablished_019b0412-5969-76a3-9dc3-550325b1cf4e_terseLabel_en-US" xlink:label="lab_ptv_NumberOfEntitiesEstablished" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of entities established</link:label>
    <link:label id="lab_ptv_NumberOfEntitiesEstablished_label_en-US" xlink:label="lab_ptv_NumberOfEntitiesEstablished" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Entities Established</link:label>
    <link:label id="lab_ptv_NumberOfEntitiesEstablished_documentation_en-US" xlink:label="lab_ptv_NumberOfEntitiesEstablished" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Entities Established</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfEntitiesEstablished" xlink:href="ptv-20251231.xsd#ptv_NumberOfEntitiesEstablished"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfEntitiesEstablished" xlink:to="lab_ptv_NumberOfEntitiesEstablished" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LossOfControlOfSubsidiaryTextBlock_019b0412-5aaf-7670-bc35-8ec2dd9e9485_terseLabel_en-US" xlink:label="lab_ptv_LossOfControlOfSubsidiaryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on Deconsolidation of Subsidiary</link:label>
    <link:label id="lab_ptv_LossOfControlOfSubsidiaryTextBlock_label_en-US" xlink:label="lab_ptv_LossOfControlOfSubsidiaryTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss of Control of Subsidiary [Text Block]</link:label>
    <link:label id="lab_ptv_LossOfControlOfSubsidiaryTextBlock_documentation_en-US" xlink:label="lab_ptv_LossOfControlOfSubsidiaryTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loss of Control of Subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LossOfControlOfSubsidiaryTextBlock" xlink:href="ptv-20251231.xsd#ptv_LossOfControlOfSubsidiaryTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LossOfControlOfSubsidiaryTextBlock" xlink:to="lab_ptv_LossOfControlOfSubsidiaryTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceCosts_019b0412-5968-7f32-a6b0-17ee944340c2_negatedLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Finance costs &#8211; contractual</link:label>
    <link:label id="lab_ifrs-full_FinanceCosts_019b0412-5968-7d86-92a6-54cc8bf98733_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total finance costs &#8211; contractual</link:label>
    <link:label id="lab_ifrs-full_FinanceCosts_label_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceCosts" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinanceCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceCosts" xlink:to="lab_ifrs-full_FinanceCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_JefferiesInternationalLimitedMember_019b0412-5969-76ec-a804-b6c23e4884b1_terseLabel_en-US" xlink:label="lab_ptv_JefferiesInternationalLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jefferies International Limited</link:label>
    <link:label id="lab_ptv_JefferiesInternationalLimitedMember_label_en-US" xlink:label="lab_ptv_JefferiesInternationalLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Jefferies International Limited [Member]</link:label>
    <link:label id="lab_ptv_JefferiesInternationalLimitedMember_documentation_en-US" xlink:label="lab_ptv_JefferiesInternationalLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Jefferies International Limited</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_JefferiesInternationalLimitedMember" xlink:href="ptv-20251231.xsd#ptv_JefferiesInternationalLimitedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_JefferiesInternationalLimitedMember" xlink:to="lab_ptv_JefferiesInternationalLimitedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable_019b0412-5969-7b8d-b77d-5cc232dac6c2_terseLabel_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Table]</link:label>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable_label_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Table]</link:label>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable_documentation_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:href="ptv-20251231.xsd#ptv_EquityAcquiredShareCapitalPureTechLLCTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:to="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncomeTaxExpense_019b0412-5968-717b-b15f-c53c23ac67d8_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForIncomeTaxExpense_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for income tax expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:to="lab_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeasesRentalLineItems_019b0412-5aaf-7be5-b980-ad382b4de76b_terseLabel_en-US" xlink:label="lab_ptv_LeasesRentalLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases - Rental [Line Items]</link:label>
    <link:label id="lab_ptv_LeasesRentalLineItems_label_en-US" xlink:label="lab_ptv_LeasesRentalLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leases - Rental [Line Items]</link:label>
    <link:label id="lab_ptv_LeasesRentalLineItems_documentation_en-US" xlink:label="lab_ptv_LeasesRentalLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Leases - Rental [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeasesRentalLineItems" xlink:href="ptv-20251231.xsd#ptv_LeasesRentalLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeasesRentalLineItems" xlink:to="lab_ptv_LeasesRentalLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_019b0412-59fd-7cb5-be45-dda6b2e2b928_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Material Accounting Policies</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of material accounting policy information [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_019b0412-59fc-768a-b5c2-65b0ce5786d9_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Liabilities</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for financial liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate_019b0412-5aaf-7316-bc8d-771dd6d99854_terseLabel_en-US" xlink:label="lab_ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revaluation of deferred due to rate change</link:label>
    <link:label id="lab_ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate_label_en-US" xlink:label="lab_ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Rate Effect Of Adjustments Related To Change In Blend State Rate</link:label>
    <link:label id="lab_ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate_documentation_en-US" xlink:label="lab_ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Rate Effect Of Adjustments Related To Change In Blend State Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate" xlink:href="ptv-20251231.xsd#ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate" xlink:to="lab_ptv_TaxRateEffectOfAdjustmentsRelatedToChangeInBlendStateRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueFromRoyalties_019b0412-59fd-7f82-8aad-dea819d5fa7e_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromRoyalties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Royalty income</link:label>
    <link:label id="lab_ifrs-full_RevenueFromRoyalties_label_en-US" xlink:label="lab_ifrs-full_RevenueFromRoyalties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromRoyalties" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromRoyalties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromRoyalties" xlink:to="lab_ifrs-full_RevenueFromRoyalties" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_019b0412-59fd-7270-8af5-6f755b252a7f_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees_019b0412-59fc-7813-b940-9822db4a5072_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation expense for non-executive directors</link:label>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees_label_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense from share-based payment transactions with parties other than employees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:to="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MergerReserveMember_019b0412-5aaf-7dd6-8cc9-92b0d878df7c_terseLabel_en-US" xlink:label="lab_ifrs-full_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
    <link:label id="lab_ifrs-full_MergerReserveMember_label_en-US" xlink:label="lab_ifrs-full_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Merger reserve [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MergerReserveMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MergerReserveMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MergerReserveMember" xlink:to="lab_ifrs-full_MergerReserveMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_019b0412-5968-741c-a53d-e3f2e58ea8ad_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding at beginning of period (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_019b0412-5968-7619-afad-eff114419d5d_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding at end of period (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_019b0412-5968-7800-868f-577d0f924d2a_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of share options (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_label_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options outstanding in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOutstandingShareOptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfOutstandingShareOptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfOutstandingShareOptions" xlink:to="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_019b0412-59fd-77e8-ace0-6639eeb224e2_terseLabel_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [axis]</link:label>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_label_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:to="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInstrumentsAbstract_019b0412-5b34-7257-b33f-99f650443054_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments [Abstract]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsAbstract_label_en-US" xlink:label="lab_ptv_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments [Abstract]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsAbstract_documentation_en-US" xlink:label="lab_ptv_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Instruments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsAbstract" xlink:href="ptv-20251231.xsd#ptv_FinancialInstrumentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInstrumentsAbstract" xlink:to="lab_ptv_FinancialInstrumentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember_019b0412-5aaf-7d1e-9de1-f0c29e667d44_terseLabel_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating loss carryforwards not subject to expiration</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember_label_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards Not Subject To Expiration [Member]</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember_documentation_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards Not Subject To Expiration</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember" xlink:href="ptv-20251231.xsd#ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember" xlink:to="lab_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor_019b0412-59fc-7d38-a058-7aafa2ab59a9_terseLabel_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of days after debt incurred from a certain investor</link:label>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor_label_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Payment Term, Number Of Days After Debt Incurred From A Certain Investor</link:label>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor_documentation_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Payment Term, Number Of Days After Debt Incurred From A Certain Investor</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:href="ptv-20251231.xsd#ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:to="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_019b0412-59fd-797f-bb97-dee3eafb4055_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) attributable to:</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:to="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_019b0412-59fd-72af-aa48-26ab50c8d043_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity and liabilities</link:label>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NoteReceivableMember_019b0412-5aaf-7e05-95e7-21d569924c20_terseLabel_en-US" xlink:label="lab_ptv_NoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Note receivable</link:label>
    <link:label id="lab_ptv_NoteReceivableMember_label_en-US" xlink:label="lab_ptv_NoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note Receivable [Member]</link:label>
    <link:label id="lab_ptv_NoteReceivableMember_documentation_en-US" xlink:label="lab_ptv_NoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Note Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NoteReceivableMember" xlink:href="ptv-20251231.xsd#ptv_NoteReceivableMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NoteReceivableMember" xlink:to="lab_ptv_NoteReceivableMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFilerCategory_019b0412-59fc-71e0-93e6-1953242866ff_terseLabel_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:label id="lab_dei_EntityFilerCategory_label_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFilerCategory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseCategoryAxis_019b0412-5969-77a1-88e0-466ab442b850_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Category [Axis]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseCategoryAxis_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Category [Axis]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseCategoryAxis_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentExpenseCategoryAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:to="lab_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeriesA1PreferredStockMember_019b0412-5968-7e7b-9b6c-ed0cdcb7e612_terseLabel_en-US" xlink:label="lab_ptv_SeriesA1PreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A-1 Preferred Stock</link:label>
    <link:label id="lab_ptv_SeriesA1PreferredStockMember_label_en-US" xlink:label="lab_ptv_SeriesA1PreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series A-1 Preferred Stock [Member]</link:label>
    <link:label id="lab_ptv_SeriesA1PreferredStockMember_documentation_en-US" xlink:label="lab_ptv_SeriesA1PreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series A-1 Preferred Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesA1PreferredStockMember" xlink:href="ptv-20251231.xsd#ptv_SeriesA1PreferredStockMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesA1PreferredStockMember" xlink:to="lab_ptv_SeriesA1PreferredStockMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DenominatorAbstract_019b0412-5b34-70eb-b6c7-de18b8e2ec22_terseLabel_en-US" xlink:label="lab_ptv_DenominatorAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Denominator:</link:label>
    <link:label id="lab_ptv_DenominatorAbstract_label_en-US" xlink:label="lab_ptv_DenominatorAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Denominator [Abstract]</link:label>
    <link:label id="lab_ptv_DenominatorAbstract_documentation_en-US" xlink:label="lab_ptv_DenominatorAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Denominator</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DenominatorAbstract" xlink:href="ptv-20251231.xsd#ptv_DenominatorAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DenominatorAbstract" xlink:to="lab_ptv_DenominatorAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract_label_en-US" xlink:label="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Standards and Interpretations Not Yet Adopted [Abstract]</link:label>
    <link:label id="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract_documentation_en-US" xlink:label="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Standards and Interpretations Not Yet Adopted [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:href="ptv-20251231.xsd#ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:to="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_019b0412-5aaf-7c69-b9f8-b8463d3ead8e_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions, net of transfers</link:label>
    <link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions other than through business combinations, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue_019b0412-5aaf-7fa5-92c7-792365459d88_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue_label_en-US" xlink:label="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for increase decrease In deferred revenue</link:label>
    <link:label id="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue_documentation_en-US" xlink:label="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for increase decrease In deferred revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:href="ptv-20251231.xsd#ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:to="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation_019b0412-5969-7da8-8b3c-2449fa91184c_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Seaport &#8211; deconsolidation</link:label>
    <link:label id="lab_ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation_label_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments In Associates, Increase Upon Deconsolidation</link:label>
    <link:label id="lab_ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation_documentation_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments In Associates, Increase Upon Deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation" xlink:href="ptv-20251231.xsd#ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation" xlink:to="lab_ptv_InvestmentsInAssociatesIncreaseUponDeconsolidation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossFromOperatingActivities_019b0412-5b34-76fd-b63b-7cbc8bc52157_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Operating income/(loss)</link:label>
    <link:label id="lab_ifrs-full_ProfitLossFromOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) from operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems_019b0412-59fd-732e-b51c-c833880616d7_terseLabel_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Line Items]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems_label_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Line Items]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems_documentation_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:href="ptv-20251231.xsd#ptv_SaleOfFutureRoyaltiesLiabilityLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:to="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfTranches_019b0412-59fc-7d58-a33a-a87d9a012feb_terseLabel_en-US" xlink:label="lab_ptv_StockRepurchaseProgramNumberOfTranches" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of tranches</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfTranches_label_en-US" xlink:label="lab_ptv_StockRepurchaseProgramNumberOfTranches" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Number Of Tranches</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfTranches_documentation_en-US" xlink:label="lab_ptv_StockRepurchaseProgramNumberOfTranches" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Number Of Tranches</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockRepurchaseProgramNumberOfTranches" xlink:href="ptv-20251231.xsd#ptv_StockRepurchaseProgramNumberOfTranches"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockRepurchaseProgramNumberOfTranches" xlink:to="lab_ptv_StockRepurchaseProgramNumberOfTranches" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForAuditServices_019b0412-5aaf-76f6-8fcd-224ec28d2839_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audit of these financial statements</link:label>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForAuditServices_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor's remuneration for audit services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemunerationForAuditServices" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AuditorsRemunerationForAuditServices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AuditorsRemunerationForAuditServices" xlink:to="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_019b0412-59fc-7995-9663-67e459744e58_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine2_019b0412-59fc-794e-bc3d-efaa7ab8beed_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line Two</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine2_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine2" xlink:to="lab_dei_EntityAddressAddressLine2" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfLeasesExplanatory_019b0412-59fc-76ac-9817-170feea5ebcb_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases and subleases</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfLeasesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of leases [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfLeasesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfLeasesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLeasesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_Over10PercentOfRevenueMember_019b0412-5aaf-7444-b0a7-443a1306ca5a_terseLabel_en-US" xlink:label="lab_ptv_Over10PercentOfRevenueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Over 10 percent of revenue</link:label>
    <link:label id="lab_ptv_Over10PercentOfRevenueMember_label_en-US" xlink:label="lab_ptv_Over10PercentOfRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Over 10 percent of revenue [Member]</link:label>
    <link:label id="lab_ptv_Over10PercentOfRevenueMember_documentation_en-US" xlink:label="lab_ptv_Over10PercentOfRevenueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Over 10 percent of revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_Over10PercentOfRevenueMember" xlink:href="ptv-20251231.xsd#ptv_Over10PercentOfRevenueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_Over10PercentOfRevenueMember" xlink:to="lab_ptv_Over10PercentOfRevenueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount_019b0412-5aaf-7f71-82a0-1bc16c096188_terseLabel_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eligibility to receive additional payment amount (up to)</link:label>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount_label_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalties Liabilities, Eligibility To Receive Additional Royalty Payment, Amount</link:label>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount_documentation_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalties Liabilities, Eligibility To Receive Additional Royalty Payment, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:href="ptv-20251231.xsd#ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:to="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_019b0412-5b34-753a-8f21-f31fb5b27e53_periodStartLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value, RSU outstanding beginning balance (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_019b0412-5b34-77ec-907c-6c8a4dc453a5_periodEndLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value, RSU Ending balance (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments outstanding in share-based payment arrangement</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments outstanding in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:to="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseAt6TideStreetMember_019b0412-5b34-71fc-b720-2bc6933d0819_terseLabel_en-US" xlink:label="lab_ptv_LeaseAt6TideStreetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease At 6 Tide Street</link:label>
    <link:label id="lab_ptv_LeaseAt6TideStreetMember_label_en-US" xlink:label="lab_ptv_LeaseAt6TideStreetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease At 6 Tide Street [Member]</link:label>
    <link:label id="lab_ptv_LeaseAt6TideStreetMember_documentation_en-US" xlink:label="lab_ptv_LeaseAt6TideStreetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease At 6 Tide Street</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseAt6TideStreetMember" xlink:href="ptv-20251231.xsd#ptv_LeaseAt6TideStreetMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseAt6TideStreetMember" xlink:to="lab_ptv_LeaseAt6TideStreetMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock_019b0412-5b34-7a0c-b7c3-635bfc9838ce_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Weighted-Average Number of Ordinary Shares</link:label>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock_label_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted-Average Number of Ordinary Shares [Table Text Block]</link:label>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted-Average Number of Ordinary Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:to="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BorrowingsInterestPeriodInterestRate_019b0412-5aaf-7301-b245-ddcabd4f2938_terseLabel_en-US" xlink:label="lab_ptv_BorrowingsInterestPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate</link:label>
    <link:label id="lab_ptv_BorrowingsInterestPeriodInterestRate_label_en-US" xlink:label="lab_ptv_BorrowingsInterestPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Interest Period, Interest Rate</link:label>
    <link:label id="lab_ptv_BorrowingsInterestPeriodInterestRate_documentation_en-US" xlink:label="lab_ptv_BorrowingsInterestPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Interest Period, Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsInterestPeriodInterestRate" xlink:href="ptv-20251231.xsd#ptv_BorrowingsInterestPeriodInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsInterestPeriodInterestRate" xlink:to="lab_ptv_BorrowingsInterestPeriodInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfCashFlowsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:to="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_019b0412-5968-704d-9820-b56c9ee5369b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_019b0412-5aaf-77c4-9db0-2cb6b8978268_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other inflows (outflows) of cash, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract_019b0412-5968-7db7-b459-ac3a0c6746d7_terseLabel_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental disclosure of non-cash investment and financing activities:</link:label>
    <link:label id="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract_label_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplemental disclosure of non-cash investment and financing activities [Abstract]</link:label>
    <link:label id="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract_documentation_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Supplemental disclosure of non-cash investment and financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:href="ptv-20251231.xsd#ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:to="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement_019b0412-59fd-7120-b246-ca387849a613_verboseLabel_en-US" xlink:label="lab_ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, options forfeited and expired (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Exercise Price Of Share Options Forfeited And Expired In Share-based Payment Arrangement</link:label>
    <link:label id="lab_ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Exercise Price Of Share Options Forfeited And Expired In Share-based Payment Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:to="lab_ptv_WeightedAverageExercisePriceOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RepurchaseAgreementCounterpartyNameDomain_019b0412-59fd-7cc5-87b5-5c907e30bc95_terseLabel_en-US" xlink:label="lab_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:label id="lab_srt_RepurchaseAgreementCounterpartyNameDomain_label_en-US" xlink:label="lab_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_RepurchaseAgreementCounterpartyNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:to="lab_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain_019b0412-59fc-7baf-a545-e84259c566eb_terseLabel_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods [Domain]</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain_label_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods [Domain]</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain_documentation_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:href="ptv-20251231.xsd#ptv_OperatingLossCarryforwardsExpirationPeriodsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:to="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EnsofBiosystemsIncMember_019b0412-59fc-7e4f-8c52-aed0bc512efe_verboseLabel_en-US" xlink:label="lab_ptv_EnsofBiosystemsIncMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Ensof Biosystems, Inc. (held indirectly through Enlight)</link:label>
    <link:label id="lab_ptv_EnsofBiosystemsIncMember_label_en-US" xlink:label="lab_ptv_EnsofBiosystemsIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ensof Biosystems Inc [Member]</link:label>
    <link:label id="lab_ptv_EnsofBiosystemsIncMember_documentation_en-US" xlink:label="lab_ptv_EnsofBiosystemsIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ensof Biosystems Inc</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EnsofBiosystemsIncMember" xlink:href="ptv-20251231.xsd#ptv_EnsofBiosystemsIncMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EnsofBiosystemsIncMember" xlink:to="lab_ptv_EnsofBiosystemsIncMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingExpenseAbstract_019b0412-59fd-7723-9e42-2932c146277c_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating expenses:</link:label>
    <link:label id="lab_ptv_OperatingExpenseAbstract_label_en-US" xlink:label="lab_ptv_OperatingExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expense [Abstract]</link:label>
    <link:label id="lab_ptv_OperatingExpenseAbstract_documentation_en-US" xlink:label="lab_ptv_OperatingExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingExpenseAbstract" xlink:href="ptv-20251231.xsd#ptv_OperatingExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingExpenseAbstract" xlink:to="lab_ptv_OperatingExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_019b0412-59fd-7313-b635-a6d9ce747dd6_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilitiesAbstract" xlink:to="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock_019b0412-5968-77ce-81e7-12ff981c22f5_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Financial Information of Investments in Associates</link:label>
    <link:label id="lab_ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Financial Information For Investments In Associates [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary of Financial Information For Investments In Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock" xlink:to="lab_ptv_SummaryOfFinancialInformationForInvestmentsInAssociatesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing_019b0412-5968-7ec7-aa49-ec1c8d0874bc_terseLabel_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts received at closing</link:label>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing_label_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalties Liabilities, Initial Payment Received At Closing</link:label>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing_documentation_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalties Liabilities, Initial Payment Received At Closing</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:href="ptv-20251231.xsd#ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:to="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AmortisationExpense_019b0412-5aaf-7d49-b444-1563ec4064f2_terseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization</link:label>
    <link:label id="lab_ifrs-full_AmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortisation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AmortisationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmortisationExpense" xlink:to="lab_ifrs-full_AmortisationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock_019b0412-5aaf-7638-b90a-88c5acf40d3e_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Estimated Useful Life of Assets</link:label>
    <link:label id="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Estimated Useful Life Of Assets [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Estimated Useful Life Of Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:to="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_019b0412-5968-791f-a8e8-b79d591cc041_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income/(loss):</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock_019b0412-59fd-7aef-b298-751861b9c069_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Accumulated Depreciation and Impairment Loss</link:label>
    <link:label id="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of accumulated depreciation and impairment loss [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accumulated depreciation and impairment loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:to="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeTwoMember_019b0412-5aaf-74d3-8f12-affc768ced86_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1.00 to 2.00</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeTwoMember_label_en-US" xlink:label="lab_ptv_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range Two [Member]</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeTwoMember_documentation_en-US" xlink:label="lab_ptv_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range Two [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeTwoMember" xlink:href="ptv-20251231.xsd#ptv_ExercisePriceRangeTwoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePriceRangeTwoMember" xlink:to="lab_ptv_ExercisePriceRangeTwoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RelatedPartyTransactionsTable_019b0412-5aaf-7a8b-b052-14cc08f1350c_terseLabel_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related party transactions [Table]</link:label>
    <link:label id="lab_ptv_RelatedPartyTransactionsTable_label_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related party transactions [Table]</link:label>
    <link:label id="lab_ptv_RelatedPartyTransactionsTable_documentation_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related party transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RelatedPartyTransactionsTable" xlink:href="ptv-20251231.xsd#ptv_RelatedPartyTransactionsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RelatedPartyTransactionsTable" xlink:to="lab_ptv_RelatedPartyTransactionsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalDomain_019b0412-5968-7deb-9493-b5d755c78721_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share capital</link:label>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfShareCapitalDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalDomain" xlink:to="lab_ifrs-full_ClassesOfShareCapitalDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentsMember_019b0412-5b34-73ec-9ff2-300868ef56aa_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payments</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsMember_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based payments [Member]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsMember_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsMember" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsMember" xlink:to="lab_ptv_ShareBasedPaymentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions_019b0412-59fd-7264-942a-bb3ee157763b_negatedTerseLabel_en-US" xlink:label="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Current Liabilities From Share based Payment Transactions</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions_label_en-US" xlink:label="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Liabilities From Share based Payment Transactions</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions_documentation_en-US" xlink:label="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Liabilities From Share based Payment Transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:href="ptv-20251231.xsd#ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:to="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory_019b0412-59fc-7f75-9941-618805da6eb1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Terms and Conditions of Share-Based Payment Arrangement</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FairValueOfWarrants_019b0412-59fd-7eb8-ab72-db9439988902_terseLabel_en-US" xlink:label="lab_ptv_FairValueOfWarrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of warrants</link:label>
    <link:label id="lab_ptv_FairValueOfWarrants_label_en-US" xlink:label="lab_ptv_FairValueOfWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Of Warrants</link:label>
    <link:label id="lab_ptv_FairValueOfWarrants_documentation_en-US" xlink:label="lab_ptv_FairValueOfWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Of Warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FairValueOfWarrants" xlink:href="ptv-20251231.xsd#ptv_FairValueOfWarrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FairValueOfWarrants" xlink:to="lab_ptv_FairValueOfWarrants" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumeratorAbstract_019b0412-5969-71ca-b264-647760411b6c_terseLabel_en-US" xlink:label="lab_ptv_NumeratorAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Numerator:</link:label>
    <link:label id="lab_ptv_NumeratorAbstract_label_en-US" xlink:label="lab_ptv_NumeratorAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Numerator [Abstract]</link:label>
    <link:label id="lab_ptv_NumeratorAbstract_documentation_en-US" xlink:label="lab_ptv_NumeratorAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Numerator</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumeratorAbstract" xlink:href="ptv-20251231.xsd#ptv_NumeratorAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumeratorAbstract" xlink:to="lab_ptv_NumeratorAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentsAbstract_019b0412-59fc-7ea5-93ae-836d62b23772_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense [Abstract]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsAbstract_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payments [Abstract]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsAbstract_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsAbstract" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsAbstract" xlink:to="lab_ptv_ShareBasedPaymentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain_019b0412-59fd-7aac-b652-a474b6a18943_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of contingent liabilities [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of contingent liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfContingentLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:to="lab_ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncome_019b0412-5aaf-7529-9ac8-95642c8bfa6f_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:label id="lab_ifrs-full_FinanceIncome_019b0412-5aaf-719e-9841-66bdb1f5c719_totalLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total finance income</link:label>
    <link:label id="lab_ifrs-full_FinanceIncome_label_en-US" xlink:label="lab_ifrs-full_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinanceIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncome" xlink:to="lab_ifrs-full_FinanceIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_019b0412-59fc-7ed1-8b55-33ea788892ac_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain_019b0412-5968-77f8-812a-2951cfa8b156_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities, class</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock_019b0412-59fd-7ccd-b751-92489fdb6fd8_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis of consolidation</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Consolidation [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Consolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:href="ptv-20251231.xsd#ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentShellCompanyReport_019b0412-5aaf-7aad-81b2-018fce698d7a_terseLabel_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Shell Company Report</link:label>
    <link:label id="lab_dei_DocumentShellCompanyReport_label_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Shell Company Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentShellCompanyReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentShellCompanyReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentShellCompanyReport" xlink:to="lab_dei_DocumentShellCompanyReport" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock_019b0412-59fd-7484-af08-b5a470235b93_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of Future Royalties Liability</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Sale Of Future Royalties Liability [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Sale Of Future Royalties Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:href="ptv-20251231.xsd#ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid_019b0412-5aaf-7e5f-90c0-0dfa0cc516bc_terseLabel_en-US" xlink:label="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of intangible assets not yet paid in cash</link:label>
    <link:label id="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid_label_en-US" xlink:label="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Of Intangible Assets But Not Yet Paid</link:label>
    <link:label id="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid_documentation_en-US" xlink:label="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Of Intangible Assets But Not Yet Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:href="ptv-20251231.xsd#ptv_PurchaseOfIntangibleAssetsButNotYetPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:to="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AverageNumberOfEmployees_019b0412-59fd-7574-953b-9cd522ae2bd7_terseLabel_en-US" xlink:label="lab_ifrs-full_AverageNumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ifrs-full_AverageNumberOfEmployees_label_en-US" xlink:label="lab_ifrs-full_AverageNumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average number of employees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageNumberOfEmployees" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AverageNumberOfEmployees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageNumberOfEmployees" xlink:to="lab_ifrs-full_AverageNumberOfEmployees" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AppeeringMember_019b0412-5aaf-7393-a4ef-e13efc84967f_verboseLabel_en-US" xlink:label="lab_ptv_AppeeringMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Appeering Inc.</link:label>
    <link:label id="lab_ptv_AppeeringMember_019b0412-5aaf-7284-aa9e-82486117ee44_terseLabel_en-US" xlink:label="lab_ptv_AppeeringMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Appeering</link:label>
    <link:label id="lab_ptv_AppeeringMember_label_en-US" xlink:label="lab_ptv_AppeeringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Appeering [Member]</link:label>
    <link:label id="lab_ptv_AppeeringMember_documentation_en-US" xlink:label="lab_ptv_AppeeringMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Appeering</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AppeeringMember" xlink:href="ptv-20251231.xsd#ptv_AppeeringMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AppeeringMember" xlink:to="lab_ptv_AppeeringMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived_019b0412-59fd-7a4c-9a4b-29d70a74226d_terseLabel_en-US" xlink:label="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Undiscounted operating lease payments to be received</link:label>
    <link:label id="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived_label_en-US" xlink:label="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Undiscounted operating lease payments to be received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:to="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods_019b0412-59fd-7873-b150-f1ed55299019_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, number of renewal options</link:label>
    <link:label id="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods_label_en-US" xlink:label="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Number Of Renewal Periods</link:label>
    <link:label id="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Number Of Renewal Periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:href="ptv-20251231.xsd#ptv_LeaseLiabilityNumberOfRenewalPeriods"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:to="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LeaseLiabilities_019b0412-5aaf-7f9d-870b-90cb00b081bd_periodStartLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_019b0412-5aaf-7140-9849-e4d35b74a462_periodEndLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_019b0412-5aaf-716a-9e12-59bab3155ef9_totalLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total lease liability</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_019b0412-5aaf-721c-aa27-d5522835c0ec_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total lease liability</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilities" xlink:to="lab_ifrs-full_LeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NontradingHoldingCompaniesMember_019b0412-5968-79ff-8f59-409a36077e7b_terseLabel_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-trading holding companies</link:label>
    <link:label id="lab_ptv_NontradingHoldingCompaniesMember_label_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nontrading Holding Companies [Member]</link:label>
    <link:label id="lab_ptv_NontradingHoldingCompaniesMember_documentation_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nontrading Holding Companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NontradingHoldingCompaniesMember" xlink:href="ptv-20251231.xsd#ptv_NontradingHoldingCompaniesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NontradingHoldingCompaniesMember" xlink:to="lab_ptv_NontradingHoldingCompaniesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AuditorInformationAbstract_label_en-US" xlink:label="lab_ptv_AuditorInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Information [Abstract]</link:label>
    <link:label id="lab_ptv_AuditorInformationAbstract_documentation_en-US" xlink:label="lab_ptv_AuditorInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Auditor Information</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditorInformationAbstract" xlink:href="ptv-20251231.xsd#ptv_AuditorInformationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditorInformationAbstract" xlink:to="lab_ptv_AuditorInformationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis_019b0412-5b34-7114-b402-535b6869bf41_terseLabel_en-US" xlink:label="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Timing of transfer of goods or services [axis]</link:label>
    <link:label id="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis_label_en-US" xlink:label="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Timing of transfer of goods or services [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TimingOfTransferOfGoodsOrServicesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:to="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechLYTMember_019b0412-5969-7f50-899b-e19864ee4746_verboseLabel_en-US" xlink:label="lab_ptv_PureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech LYT, Inc. (formerly Ariya Therapeutics, Inc.)</link:label>
    <link:label id="lab_ptv_PureTechLYTMember_label_en-US" xlink:label="lab_ptv_PureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech LYT [Member]</link:label>
    <link:label id="lab_ptv_PureTechLYTMember_documentation_en-US" xlink:label="lab_ptv_PureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech LYT</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechLYTMember" xlink:href="ptv-20251231.xsd#ptv_PureTechLYTMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechLYTMember" xlink:to="lab_ptv_PureTechLYTMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AmericanDepositarySharesMember_019b0412-5aaf-780c-87e6-166a1896e75b_terseLabel_en-US" xlink:label="lab_ptv_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">American Depositary Shares</link:label>
    <link:label id="lab_ptv_AmericanDepositarySharesMember_label_en-US" xlink:label="lab_ptv_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">American Depositary Shares [Member]</link:label>
    <link:label id="lab_ptv_AmericanDepositarySharesMember_documentation_en-US" xlink:label="lab_ptv_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">American Depositary Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AmericanDepositarySharesMember" xlink:href="ptv-20251231.xsd#ptv_AmericanDepositarySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AmericanDepositarySharesMember" xlink:to="lab_ptv_AmericanDepositarySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems_019b0412-5969-796a-8a61-b1c332573c4c_terseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Line Items]</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems_label_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Line Items]</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems_documentation_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:href="ptv-20251231.xsd#ptv_DeferredTaxAssetsAndLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:to="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement_019b0412-5b34-736a-a78a-6ecf55bf2884_negatedLabel_en-US" xlink:label="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation During the Year (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Share Options Deconsolidated In Share-based Payment Arrangement</link:label>
    <link:label id="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Share Options Deconsolidated In Share-based Payment Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:href="ptv-20251231.xsd#ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:to="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossFromContinuingOperations_019b0412-5aaf-7e4f-880a-a5bbe170a5c1_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit/(loss) from continuing operations (100%)</link:label>
    <link:label id="lab_ifrs-full_ProfitLossFromContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) from continuing operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromContinuingOperations" xlink:to="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InactiveSubsidiariesMember_019b0412-5aaf-7187-9699-0b3d3270dec2_terseLabel_en-US" xlink:label="lab_ptv_InactiveSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inactive subsidiaries</link:label>
    <link:label id="lab_ptv_InactiveSubsidiariesMember_label_en-US" xlink:label="lab_ptv_InactiveSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inactive Subsidiaries [Member]</link:label>
    <link:label id="lab_ptv_InactiveSubsidiariesMember_documentation_en-US" xlink:label="lab_ptv_InactiveSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inactive Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InactiveSubsidiariesMember" xlink:href="ptv-20251231.xsd#ptv_InactiveSubsidiariesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InactiveSubsidiariesMember" xlink:to="lab_ptv_InactiveSubsidiariesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_019b0412-59fd-7f8c-a56f-9eea98c67645_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of RSU Activity</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of number and weighted average exercise prices of other equity instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects_019b0412-59fc-7fc6-8b7c-7b914740dc51_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) for the year, attributable to the owners of the Group, dilutive</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating diluted earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:to="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EnlightMember_019b0412-59fd-7b2a-8d9a-fcaacb147f66_verboseLabel_en-US" xlink:label="lab_ptv_EnlightMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Enlight Biosciences, LLC</link:label>
    <link:label id="lab_ptv_EnlightMember_label_en-US" xlink:label="lab_ptv_EnlightMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Enlight [Member]</link:label>
    <link:label id="lab_ptv_EnlightMember_documentation_en-US" xlink:label="lab_ptv_EnlightMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Enlight</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EnlightMember" xlink:href="ptv-20251231.xsd#ptv_EnlightMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EnlightMember" xlink:to="lab_ptv_EnlightMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeaportTherapeuticsInc.Member_019b0412-5aaf-71bf-8c09-6a3d61169764_terseLabel_en-US" xlink:label="lab_ptv_SeaportTherapeuticsInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Seaport Therapeutics, Inc.</link:label>
    <link:label id="lab_ptv_SeaportTherapeuticsInc.Member_label_en-US" xlink:label="lab_ptv_SeaportTherapeuticsInc.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seaport Therapeutics, Inc. [Member]</link:label>
    <link:label id="lab_ptv_SeaportTherapeuticsInc.Member_documentation_en-US" xlink:label="lab_ptv_SeaportTherapeuticsInc.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Seaport Therapeutics, Inc.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeaportTherapeuticsInc.Member" xlink:href="ptv-20251231.xsd#ptv_SeaportTherapeuticsInc.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeaportTherapeuticsInc.Member" xlink:to="lab_ptv_SeaportTherapeuticsInc.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfCustomersDomain_019b0412-5968-77ef-a23c-dc7a34a96c4e_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of customers</link:label>
    <link:label id="lab_ifrs-full_TypesOfCustomersDomain_label_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of customers [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfCustomersDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfCustomersDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfCustomersDomain" xlink:to="lab_ifrs-full_TypesOfCustomersDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapital_019b0412-59fc-7a94-a7b5-077e355d0746_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share capital</link:label>
    <link:label id="lab_ifrs-full_IssuedCapital_019c287e-e821-7ec9-8cf1-13614094fb8e_verboseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Share capital, &#163;0.01 par value, issued and paid 257,927,489, as of December 31, 2025 and 2024</link:label>
    <link:label id="lab_ifrs-full_IssuedCapital_label_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapital" xlink:to="lab_ifrs-full_IssuedCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IntangibleAssetsNet_019b0412-59fd-79ff-be98-52e9cec005fe_terseLabel_en-US" xlink:label="lab_ptv_IntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets, net</link:label>
    <link:label id="lab_ptv_IntangibleAssetsNet_label_en-US" xlink:label="lab_ptv_IntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets, net</link:label>
    <link:label id="lab_ptv_IntangibleAssetsNet_documentation_en-US" xlink:label="lab_ptv_IntangibleAssetsNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Intangible assets, net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IntangibleAssetsNet" xlink:href="ptv-20251231.xsd#ptv_IntangibleAssetsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IntangibleAssetsNet" xlink:to="lab_ptv_IntangibleAssetsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilityLeaseTerm_019c2812-2259-7de1-87dd-774019e517e7_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilityLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, lease term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityLeaseTerm_label_en-US" xlink:label="lab_ptv_LeaseLiabilityLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Lease Term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityLeaseTerm_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilityLeaseTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Lease Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilityLeaseTerm" xlink:href="ptv-20251231.xsd#ptv_LeaseLiabilityLeaseTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilityLeaseTerm" xlink:to="lab_ptv_LeaseLiabilityLeaseTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_019b0412-59fd-79f1-bab4-04afe1de6828_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax losses</link:label>
    <link:label id="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_019b0412-59fd-70cd-8cf8-3cd18b0ecb8c_verboseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Tax losses expiring</link:label>
    <link:label id="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_label_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unused tax losses for which no deferred tax asset recognised</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:to="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleNotesLineItems_019b0412-5969-72e1-ab3f-c13dc68a5254_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Notes [Line Items]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesLineItems_label_en-US" xlink:label="lab_ptv_ConvertibleNotesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Notes [Line Items]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesLineItems_documentation_en-US" xlink:label="lab_ptv_ConvertibleNotesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNotesLineItems" xlink:href="ptv-20251231.xsd#ptv_ConvertibleNotesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNotesLineItems" xlink:to="lab_ptv_ConvertibleNotesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_019b0412-5aaf-763d-8e63-81428d72d495_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise of stock options</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through exercise of options, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughExerciseOfOptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_019b0412-5aaf-7cbd-b67c-d108118432e7_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on investments held at fair value</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PreferredA1A2AndBMember_019d2623-0f71-719d-8fd0-44d3ad61af47_terseLabel_en-US" xlink:label="lab_ptv_PreferredA1A2AndBMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred A-1, A-2 And B</link:label>
    <link:label id="lab_ptv_PreferredA1A2AndBMember_label_en-US" xlink:label="lab_ptv_PreferredA1A2AndBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred A-1, A-2 And B [Member]</link:label>
    <link:label id="lab_ptv_PreferredA1A2AndBMember_documentation_en-US" xlink:label="lab_ptv_PreferredA1A2AndBMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred A-1, A-2 And B</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PreferredA1A2AndBMember" xlink:href="ptv-20251231.xsd#ptv_PreferredA1A2AndBMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PreferredA1A2AndBMember" xlink:to="lab_ptv_PreferredA1A2AndBMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesDomain_019b0412-5aaf-7ad5-bd7d-03322508796d_terseLabel_en-US" xlink:label="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Timing of transfer of goods or services</link:label>
    <link:label id="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesDomain_label_en-US" xlink:label="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Timing of transfer of goods or services [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TimingOfTransferOfGoodsOrServicesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TimingOfTransferOfGoodsOrServicesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TimingOfTransferOfGoodsOrServicesDomain" xlink:to="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExercisePriceShareOptionsGranted2019_019b0412-59fc-78eb-b243-ee5e2cd2c412_terseLabel_en-US" xlink:label="lab_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise price (GBP) (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_ExercisePriceShareOptionsGranted2019_label_en-US" xlink:label="lab_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise price, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExercisePriceShareOptionsGranted2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:to="lab_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_019b0412-59fd-7f8c-9c81-f5e9776098dd_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issued ordinary shares (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesOutstanding" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesOutstanding" xlink:to="lab_ifrs-full_NumberOfSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansLineItems_019b0412-5b34-7187-a873-347121c771c8_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansLineItems_label_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansLineItems_documentation_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryNotesPayableLoansLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:to="lab_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherProvisions_019d2b6b-61ee-783c-ad4c-4dca1c1f443e_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other provisions</link:label>
    <link:label id="lab_ifrs-full_OtherProvisions_label_en-US" xlink:label="lab_ifrs-full_OtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherProvisions" xlink:to="lab_ifrs-full_OtherProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_019b0412-59fd-71a7-bf9e-600889408ad0_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for increase (decrease) in trade accounts payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherTemporaryDifferencesMember_019b0412-59fd-7b13-b388-41d8626a1533_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other temporary differences</link:label>
    <link:label id="lab_ifrs-full_OtherTemporaryDifferencesMember_label_en-US" xlink:label="lab_ifrs-full_OtherTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other temporary differences [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherTemporaryDifferencesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherTemporaryDifferencesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherTemporaryDifferencesMember" xlink:to="lab_ifrs-full_OtherTemporaryDifferencesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilities_019b0412-5aaf-7afd-9a4a-4ebde1bc8406_totalLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilities" xlink:to="lab_ifrs-full_FinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember_019b0412-59fc-7b94-b161-723ab399a309_terseLabel_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidated former subsidiary operating&#160;companies</link:label>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember_label_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidated former Subsidiary Operating Companies [Member]</link:label>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember_documentation_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidated former Subsidiary Operating Companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:href="ptv-20251231.xsd#ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:to="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RevenueLineItems_019b0412-5aaf-73f2-bfb1-cf1f8b1fa801_terseLabel_en-US" xlink:label="lab_ptv_RevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue [Line Items]</link:label>
    <link:label id="lab_ptv_RevenueLineItems_label_en-US" xlink:label="lab_ptv_RevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue [Line Items]</link:label>
    <link:label id="lab_ptv_RevenueLineItems_documentation_en-US" xlink:label="lab_ptv_RevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RevenueLineItems" xlink:href="ptv-20251231.xsd#ptv_RevenueLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RevenueLineItems" xlink:to="lab_ptv_RevenueLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_019b0412-59fd-710d-a2ef-c590f6569773_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax benefit/(expense)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_019b0412-59fd-7f8d-828c-e37d3636ee25_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_019b0412-59fd-7467-a368-d284743ac2d4_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_019b0412-59fd-79fc-a050-4fc1d2fed118_totalLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesLineItems_019b0412-5aaf-7a14-bc2c-e22a69375271_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Line Items]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesLineItems_label_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Line Items]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesLineItems_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfInformationOfEmployeesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:to="lab_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LibraBiosciencesIncMember_019b0412-5aaf-7f1b-8f36-6e51cd396c09_verboseLabel_en-US" xlink:label="lab_ptv_LibraBiosciencesIncMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Libra Biosciences, Inc.</link:label>
    <link:label id="lab_ptv_LibraBiosciencesIncMember_label_en-US" xlink:label="lab_ptv_LibraBiosciencesIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Libra Biosciences Inc [Member]</link:label>
    <link:label id="lab_ptv_LibraBiosciencesIncMember_documentation_en-US" xlink:label="lab_ptv_LibraBiosciencesIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Libra Biosciences Inc</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LibraBiosciencesIncMember" xlink:href="ptv-20251231.xsd#ptv_LibraBiosciencesIncMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LibraBiosciencesIncMember" xlink:to="lab_ptv_LibraBiosciencesIncMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_019b0412-5aaf-7e5f-aba0-84b72dcf5dca_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent Events</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of events after reporting period [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems_019b0412-59fd-71eb-8f8e-05fe25d7db04_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis of operating lease payments [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis of operating lease payments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UncertainTaxPositionsAmount_019d91ed-cfd5-7b98-9b60-3329c93f22ba_negatedLabel_en-US" xlink:label="lab_ptv_UncertainTaxPositionsAmount" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Uncertain tax positions</link:label>
    <link:label id="lab_ptv_UncertainTaxPositionsAmount_label_en-US" xlink:label="lab_ptv_UncertainTaxPositionsAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Uncertain Tax Positions, Amount</link:label>
    <link:label id="lab_ptv_UncertainTaxPositionsAmount_documentation_en-US" xlink:label="lab_ptv_UncertainTaxPositionsAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Uncertain Tax Positions, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UncertainTaxPositionsAmount" xlink:href="ptv-20251231.xsd#ptv_UncertainTaxPositionsAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UncertainTaxPositionsAmount" xlink:to="lab_ptv_UncertainTaxPositionsAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonexecutiveDirectorsMember_019b0412-5969-789a-8b9a-5a516bf91f8b_terseLabel_en-US" xlink:label="lab_ptv_NonexecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nonexecutive Directors</link:label>
    <link:label id="lab_ptv_NonexecutiveDirectorsMember_label_en-US" xlink:label="lab_ptv_NonexecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nonexecutive Directors [Member]</link:label>
    <link:label id="lab_ptv_NonexecutiveDirectorsMember_documentation_en-US" xlink:label="lab_ptv_NonexecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nonexecutive Directors</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonexecutiveDirectorsMember" xlink:href="ptv-20251231.xsd#ptv_NonexecutiveDirectorsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonexecutiveDirectorsMember" xlink:to="lab_ptv_NonexecutiveDirectorsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_019b0412-5968-7a9e-8375-fa819d63cad8_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from maturity of short-term investments</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from sales or maturity of financial instruments, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentTransitionReport_019b0412-5969-7767-8a99-7923b082b2a6_terseLabel_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:label id="lab_dei_DocumentTransitionReport_label_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentTransitionReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentTransitionReport" xlink:to="lab_dei_DocumentTransitionReport" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherReceivables_019b0412-5aaf-749d-b1f3-52a27e67bf5a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherReceivables" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Trade and other receivables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherReceivables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherReceivables" xlink:to="lab_ifrs-full_TradeAndOtherReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_019b0412-5969-7600-8301-f7529edf10ed_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from operating activities:</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) operating activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CashInDeconsolidatedSubsidiary_019b0412-59fc-7019-886b-34b55e71a02d_negatedTerseLabel_en-US" xlink:label="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Cash derecognized upon loss of control over subsidiary</link:label>
    <link:label id="lab_ptv_CashInDeconsolidatedSubsidiary_label_en-US" xlink:label="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash In Deconsolidated Subsidiary</link:label>
    <link:label id="lab_ptv_CashInDeconsolidatedSubsidiary_documentation_en-US" xlink:label="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash In Deconsolidated Subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CashInDeconsolidatedSubsidiary" xlink:href="ptv-20251231.xsd#ptv_CashInDeconsolidatedSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashInDeconsolidatedSubsidiary" xlink:to="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_019b0412-59fd-785d-8e91-4cd3d1f0b1c8_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share of net income/(loss) of associates accounted for using the equity&#160;method</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_019b0412-59fd-7762-883f-4b35e6ba5244_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Share of net (gain)/loss of associates accounted for using the equity method</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of associates and joint ventures accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechSecuritiesCorpMember_019b0412-59fd-70c7-b0c4-2bf74f1ab047_verboseLabel_en-US" xlink:label="lab_ptv_PureTechSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech Securities Corp.</link:label>
    <link:label id="lab_ptv_PureTechSecuritiesCorpMember_label_en-US" xlink:label="lab_ptv_PureTechSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech Securities Corp. [Member]</link:label>
    <link:label id="lab_ptv_PureTechSecuritiesCorpMember_documentation_en-US" xlink:label="lab_ptv_PureTechSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech Securities Corp.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechSecuritiesCorpMember" xlink:href="ptv-20251231.xsd#ptv_PureTechSecuritiesCorpMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechSecuritiesCorpMember" xlink:to="lab_ptv_PureTechSecuritiesCorpMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_019b0412-5aaf-7a97-824a-6a9c9d69bf53_negatedLabel_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Finance costs &#8211; non-cash interest expense related to sale of&#160;future&#160;royalties</link:label>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_019b0412-5aaf-7d62-bc79-fa0894010d0e_negatedTerseLabel_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Total finance costs - non-cash interest expense related to sale of future royalties</link:label>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_019b0412-5aaf-7a67-9b49-9dc4910c2454_netLabel_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Non-cash interest expense recognized</link:label>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_label_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash Interest Expense, Royalty Liability</link:label>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_documentation_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash Interest Expense, Royalty Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:href="ptv-20251231.xsd#ptv_NoncashInterestExpenseRoyaltyLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:to="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward_019b0412-5aaf-7175-ae9f-c33f595f6aab_terseLabel_en-US" xlink:label="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expense (income) in respect of RSU liability award</link:label>
    <link:label id="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward_label_en-US" xlink:label="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense (income) in respect of RSU liability award</link:label>
    <link:label id="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward_documentation_en-US" xlink:label="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expense (income) in respect of RSU liability award</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:href="ptv-20251231.xsd#ptv_ExpenseIncomeInRespectOfRSULiabilityAward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:to="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_019b0412-5aaf-7012-afcb-486320254d99_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseContractualTermsDomain_019b0412-5aaf-76ce-93c8-13d4af204b0a_terseLabel_en-US" xlink:label="lab_ptv_LeaseContractualTermsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease Contractual Term [Domain]</link:label>
    <link:label id="lab_ptv_LeaseContractualTermsDomain_label_en-US" xlink:label="lab_ptv_LeaseContractualTermsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Contractual Terms [Domain]</link:label>
    <link:label id="lab_ptv_LeaseContractualTermsDomain_documentation_en-US" xlink:label="lab_ptv_LeaseContractualTermsDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Contractual Term [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseContractualTermsDomain" xlink:href="ptv-20251231.xsd#ptv_LeaseContractualTermsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseContractualTermsDomain" xlink:to="lab_ptv_LeaseContractualTermsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain_019b0412-59fd-7ce5-a14c-5a23cdaaa91e_terseLabel_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period</link:label>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain_label_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:to="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems_019b0412-59fc-7526-b784-81f773b59e80_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:to="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MaturityAxis_019b0412-5968-7c93-878c-15484ff0d1a9_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity [axis]</link:label>
    <link:label id="lab_ifrs-full_MaturityAxis_label_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityAxis" xlink:to="lab_ifrs-full_MaturityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_019b0412-5969-7e3f-be10-a70dff2672a5_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other inflows (outflows) of cash, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_019b0412-5aaf-7282-b14c-bb921669c2d3_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Goodwill_019b0412-5aaf-7c3f-a1aa-45b2d38588dc_terseLabel_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized goodwill and intangibles</link:label>
    <link:label id="lab_ifrs-full_Goodwill_label_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Goodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Goodwill" xlink:to="lab_ifrs-full_Goodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MicheleHolcombMember_019b0412-5969-7b28-9659-5384ffa39dde_terseLabel_en-US" xlink:label="lab_ptv_MicheleHolcombMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Michele Holcomb</link:label>
    <link:label id="lab_ptv_MicheleHolcombMember_label_en-US" xlink:label="lab_ptv_MicheleHolcombMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Michele Holcomb [Member]</link:label>
    <link:label id="lab_ptv_MicheleHolcombMember_documentation_en-US" xlink:label="lab_ptv_MicheleHolcombMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Michele Holcomb</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MicheleHolcombMember" xlink:href="ptv-20251231.xsd#ptv_MicheleHolcombMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MicheleHolcombMember" xlink:to="lab_ptv_MicheleHolcombMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis_019b0412-5968-721d-bc18-b384fc0722b8_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Associates [axis]</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associates [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentsTableTable_019b0412-5b34-7572-b26c-940545e8e4b4_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Table]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsTableTable_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Table]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsTableTable_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsTableTable" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentsTableTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsTableTable" xlink:to="lab_ptv_ShareBasedPaymentsTableTable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_019b0412-59fc-7457-8bc4-aecd44c89f7d_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_019b0412-5aaf-72dd-8c5c-a1c022e33546_verboseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Share-based payments</link:label>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_019b0412-5aaf-70fa-ad91-e2516903303e_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payment expense</link:label>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_label_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense from share-based payment transactions with employees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementExpirationPeriod_019d48f4-aebf-7239-8181-9fd80ec8697d_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share options expiration period from grant date</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementExpirationPeriod_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Expiration Period</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementExpirationPeriod_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangement, Expiration Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentArrangementExpirationPeriod" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentArrangementExpirationPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentArrangementExpirationPeriod" xlink:to="lab_ptv_ShareBasedPaymentArrangementExpirationPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_019b0412-5968-7c89-b030-2f9d6af30332_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotesAndDebenturesIssued_019b0412-59fd-70f1-a816-da396b64ad0e_terseLabel_en-US" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes payable</link:label>
    <link:label id="lab_ifrs-full_NotesAndDebenturesIssued_label_en-US" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes and debentures issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotesAndDebenturesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotesAndDebenturesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotesAndDebenturesIssued" xlink:to="lab_ifrs-full_NotesAndDebenturesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems_019b0412-5968-75fe-a726-33b4eeb96bdc_terseLabel_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Line Items]</link:label>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems_label_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Line Items]</link:label>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems_documentation_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:href="ptv-20251231.xsd#ptv_UnrecognizedDeferredTaxAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:to="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeStatementAbstract_label_en-US" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit or loss [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeStatementAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeStatementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeStatementAbstract" xlink:to="lab_ifrs-full_IncomeStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_019b0412-59fc-7a6d-a1c2-e11b02ae7cc7_terseLabel_en-US" xlink:label="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation</link:label>
    <link:label id="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of Share based Payment expenses, non-deductible, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of Share based Payment expenses, non-deductible</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NetDeferredTaxAssetsNotRecognised_019b0412-5b34-7494-813c-81925a4922f1_terseLabel_en-US" xlink:label="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets (liabilities), net, not recognized</link:label>
    <link:label id="lab_ptv_NetDeferredTaxAssetsNotRecognised_019b0412-5b34-77e1-a2e3-9a4632587a9e_totalLabel_en-US" xlink:label="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ptv_NetDeferredTaxAssetsNotRecognised_label_en-US" xlink:label="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net deferred tax assets, not recognised</link:label>
    <link:label id="lab_ptv_NetDeferredTaxAssetsNotRecognised_documentation_en-US" xlink:label="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net deferred tax assets, not recognised</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NetDeferredTaxAssetsNotRecognised" xlink:href="ptv-20251231.xsd#ptv_NetDeferredTaxAssetsNotRecognised"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NetDeferredTaxAssetsNotRecognised" xlink:to="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingSegmentsMember_019b0412-59fc-7d50-9ae1-059e70e66852_terseLabel_en-US" xlink:label="lab_ifrs-full_OperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating segments</link:label>
    <link:label id="lab_ifrs-full_OperatingSegmentsMember_label_en-US" xlink:label="lab_ifrs-full_OperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating segments [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingSegmentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OperatingSegmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OperatingSegmentsMember" xlink:to="lab_ifrs-full_OperatingSegmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_019b0412-5b34-7dba-88df-f26720b7cca6_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Four to five years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than four years and not later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain_019b0412-5aaf-7b6c-a24a-5fa12fab6e31_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payment arrangements</link:label>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain_label_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:to="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PayrollTaxes_019b0412-59fc-749f-817c-aaeb4856abdd_terseLabel_en-US" xlink:label="lab_ptv_PayrollTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payroll taxes</link:label>
    <link:label id="lab_ptv_PayrollTaxes_label_en-US" xlink:label="lab_ptv_PayrollTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payroll Taxes</link:label>
    <link:label id="lab_ptv_PayrollTaxes_documentation_en-US" xlink:label="lab_ptv_PayrollTaxes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payroll Taxes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PayrollTaxes" xlink:href="ptv-20251231.xsd#ptv_PayrollTaxes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PayrollTaxes" xlink:to="lab_ptv_PayrollTaxes" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WhollyOwnedSegmentMember_019b0412-5968-76ce-90cd-cee3eb7d3096_terseLabel_en-US" xlink:label="lab_ptv_WhollyOwnedSegmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Wholly-Owned Programs</link:label>
    <link:label id="lab_ptv_WhollyOwnedSegmentMember_label_en-US" xlink:label="lab_ptv_WhollyOwnedSegmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wholly-owned Segment [Member]</link:label>
    <link:label id="lab_ptv_WhollyOwnedSegmentMember_documentation_en-US" xlink:label="lab_ptv_WhollyOwnedSegmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Wholly-owned Segment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WhollyOwnedSegmentMember" xlink:href="ptv-20251231.xsd#ptv_WhollyOwnedSegmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WhollyOwnedSegmentMember" xlink:to="lab_ptv_WhollyOwnedSegmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryNotesPayableAbstract_019b0412-5aaf-7965-80e9-da4d6aa52d8b_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableAbstract_label_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableAbstract_documentation_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNotesPayableAbstract" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryNotesPayableAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryNotesPayableAbstract" xlink:to="lab_ptv_SubsidiaryNotesPayableAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares_019cd759-5e5c-7f7a-b0a0-0307869ac38d_terseLabel_en-US" xlink:label="lab_ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion of note receivable from associate into preferred shares</link:label>
    <link:label id="lab_ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares_label_en-US" xlink:label="lab_ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conversion Of Note Receivable From Associate Into Preferred Shares</link:label>
    <link:label id="lab_ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares_documentation_en-US" xlink:label="lab_ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Conversion Of Note Receivable From Associate Into Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares" xlink:href="ptv-20251231.xsd#ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares" xlink:to="lab_ptv_ConversionOfNoteReceivableFromAssociateIntoPreferredShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceBasedRSUsMember_019b0412-59fd-7fda-bf1d-1414836f3868_terseLabel_en-US" xlink:label="lab_ptv_PerformanceBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance-based RSUs</link:label>
    <link:label id="lab_ptv_PerformanceBasedRSUsMember_label_en-US" xlink:label="lab_ptv_PerformanceBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance Based RSUs [Member]</link:label>
    <link:label id="lab_ptv_PerformanceBasedRSUsMember_documentation_en-US" xlink:label="lab_ptv_PerformanceBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance Based RSUs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceBasedRSUsMember" xlink:href="ptv-20251231.xsd#ptv_PerformanceBasedRSUsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceBasedRSUsMember" xlink:to="lab_ptv_PerformanceBasedRSUsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_019b0412-5969-71fb-8024-17311a525377_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Equity attributable to the owners of the Group</link:label>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareAbstract_019b0412-5aaf-79c9-a6f7-a9414bfc21b4_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings/(loss) per share:</link:label>
    <link:label id="lab_ifrs-full_EarningsPerShareAbstract_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EarningsPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareAbstract" xlink:to="lab_ifrs-full_EarningsPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangeAxis_019b0412-59fc-7528-b003-1e063743d54d_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
    <link:label id="lab_ifrs-full_RangeAxis_label_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeAxis" xlink:to="lab_ifrs-full_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_019b0412-59fd-7077-80dd-c6bca5484140_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_ifrs-full_ComponentsOfEquityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughDisposalOfSubsidiary_019b0412-5aaf-7a98-a4a3-df34f33893e5_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughDisposalOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiary (Seaport)</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughDisposalOfSubsidiary_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughDisposalOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through disposal of subsidiary, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughDisposalOfSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughDisposalOfSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughDisposalOfSubsidiary" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughDisposalOfSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_019b0412-59fc-78e7-b381-793be69f3b44_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of Future Royalties Liability</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SharonBarberLuiMember_019b0412-5aaf-781c-bc78-a014db36a2a3_terseLabel_en-US" xlink:label="lab_ptv_SharonBarberLuiMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sharon Barber-Lui</link:label>
    <link:label id="lab_ptv_SharonBarberLuiMember_label_en-US" xlink:label="lab_ptv_SharonBarberLuiMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sharon Barber-Lui [Member]</link:label>
    <link:label id="lab_ptv_SharonBarberLuiMember_documentation_en-US" xlink:label="lab_ptv_SharonBarberLuiMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sharon Barber-Lui</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SharonBarberLuiMember" xlink:href="ptv-20251231.xsd#ptv_SharonBarberLuiMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SharonBarberLuiMember" xlink:to="lab_ptv_SharonBarberLuiMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RestrictedShareUnitsMember_019b0412-5aaf-79d7-91e3-328617446160_terseLabel_en-US" xlink:label="lab_ifrs-full_RestrictedShareUnitsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total RSUs</link:label>
    <link:label id="lab_ifrs-full_RestrictedShareUnitsMember_label_en-US" xlink:label="lab_ifrs-full_RestrictedShareUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted share units [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestrictedShareUnitsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RestrictedShareUnitsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestrictedShareUnitsMember" xlink:to="lab_ifrs-full_RestrictedShareUnitsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainOnDeconsolidation_019b0412-59fc-720a-bebe-007c28971c98_terseLabel_en-US" xlink:label="lab_ptv_GainOnDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Calculated gain on deconsolidation</link:label>
    <link:label id="lab_ptv_GainOnDeconsolidation_label_en-US" xlink:label="lab_ptv_GainOnDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on Deconsolidation</link:label>
    <link:label id="lab_ptv_GainOnDeconsolidation_documentation_en-US" xlink:label="lab_ptv_GainOnDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain on Deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainOnDeconsolidation" xlink:href="ptv-20251231.xsd#ptv_GainOnDeconsolidation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainOnDeconsolidation" xlink:to="lab_ptv_GainOnDeconsolidation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_019b0412-5969-72e2-848f-93f46f6818c5_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_019b0412-59fc-7a9c-8da6-421ab98b3c61_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) before taxes</link:label>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_019b0412-59fc-7c87-944d-742cd6b82f9b_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) before taxes</link:label>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_ifrs-full_ProfitLossBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable_019b0412-59fc-733c-a84c-74219f0b54cd_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of options excisable</link:label>
    <link:label id="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable_label_en-US" xlink:label="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of options excisable</link:label>
    <link:label id="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable_documentation_en-US" xlink:label="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of options excisable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:to="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LiquidityRiskLineItems_019b0412-59fc-790e-891a-1c97506d9335_terseLabel_en-US" xlink:label="lab_ptv_LiquidityRiskLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Line Items]</link:label>
    <link:label id="lab_ptv_LiquidityRiskLineItems_label_en-US" xlink:label="lab_ptv_LiquidityRiskLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Line Items]</link:label>
    <link:label id="lab_ptv_LiquidityRiskLineItems_documentation_en-US" xlink:label="lab_ptv_LiquidityRiskLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liquidity Risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LiquidityRiskLineItems" xlink:href="ptv-20251231.xsd#ptv_LiquidityRiskLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LiquidityRiskLineItems" xlink:to="lab_ptv_LiquidityRiskLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts_019b0412-5aaf-7aac-8afb-17dfdece2505_verboseLabel_en-US" xlink:label="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on foreign currency exchange</link:label>
    <link:label id="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts_label_en-US" xlink:label="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain Loss on foreign currency exchange in finance costs</link:label>
    <link:label id="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts_documentation_en-US" xlink:label="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain Loss on foreign currency exchange in finance costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:href="ptv-20251231.xsd#ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:to="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VorMember_019b0412-5aaf-7574-90a0-2292dea916dd_verboseLabel_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vor Biopharma Inc.</link:label>
    <link:label id="lab_ptv_VorMember_019b0412-5aaf-7677-b8e6-48d399199f1a_terseLabel_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vor</link:label>
    <link:label id="lab_ptv_VorMember_label_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vor [Member]</link:label>
    <link:label id="lab_ptv_VorMember_documentation_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vor</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VorMember" xlink:href="ptv-20251231.xsd#ptv_VorMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VorMember" xlink:to="lab_ptv_VorMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory_019b0412-59fc-7b26-8ec7-9b8f8841d08e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Liquidity Risk</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of liquidity risk [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfLiquidityRiskExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesDomain_019b0412-59fc-7d39-80ae-6d68160419f9_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity's total for related parties</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesDomain_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of related parties [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:to="lab_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PreferredStockSeriesBMember_019b0412-5aaf-7fbb-aa12-849b530e9b46_terseLabel_en-US" xlink:label="lab_ptv_PreferredStockSeriesBMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock, series B</link:label>
    <link:label id="lab_ptv_PreferredStockSeriesBMember_label_en-US" xlink:label="lab_ptv_PreferredStockSeriesBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred stock, series B [Member]</link:label>
    <link:label id="lab_ptv_PreferredStockSeriesBMember_documentation_en-US" xlink:label="lab_ptv_PreferredStockSeriesBMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred stock, series B</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PreferredStockSeriesBMember" xlink:href="ptv-20251231.xsd#ptv_PreferredStockSeriesBMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PreferredStockSeriesBMember" xlink:to="lab_ptv_PreferredStockSeriesBMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertiblePreferredStockConversionShares_019c2390-6536-7741-b9c8-ce3fd403166e_terseLabel_en-US" xlink:label="lab_ptv_ConvertiblePreferredStockConversionShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible preferred stock, conversion shares (in shares)</link:label>
    <link:label id="lab_ptv_ConvertiblePreferredStockConversionShares_label_en-US" xlink:label="lab_ptv_ConvertiblePreferredStockConversionShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock, Conversion Shares</link:label>
    <link:label id="lab_ptv_ConvertiblePreferredStockConversionShares_documentation_en-US" xlink:label="lab_ptv_ConvertiblePreferredStockConversionShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock, Conversion Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertiblePreferredStockConversionShares" xlink:href="ptv-20251231.xsd#ptv_ConvertiblePreferredStockConversionShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertiblePreferredStockConversionShares" xlink:to="lab_ptv_ConvertiblePreferredStockConversionShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SondeAfterFinancingMember_019b0412-5aaf-7aa2-97db-bb923a757218_terseLabel_en-US" xlink:label="lab_ptv_SondeAfterFinancingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sonde, After Financing</link:label>
    <link:label id="lab_ptv_SondeAfterFinancingMember_label_en-US" xlink:label="lab_ptv_SondeAfterFinancingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sonde, After Financing [Member]</link:label>
    <link:label id="lab_ptv_SondeAfterFinancingMember_documentation_en-US" xlink:label="lab_ptv_SondeAfterFinancingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sonde, After Financing</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SondeAfterFinancingMember" xlink:href="ptv-20251231.xsd#ptv_SondeAfterFinancingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SondeAfterFinancingMember" xlink:to="lab_ptv_SondeAfterFinancingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain_019b0412-59fd-79fa-800c-66831e01598b_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial instruments, class</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GelesisInc.Member_019cd134-3fb6-7ccc-9a63-26210670d28f_terseLabel_en-US" xlink:label="lab_ptv_GelesisInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gelesis, Inc.</link:label>
    <link:label id="lab_ptv_GelesisInc.Member_label_en-US" xlink:label="lab_ptv_GelesisInc.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gelesis, Inc. [Member]</link:label>
    <link:label id="lab_ptv_GelesisInc.Member_documentation_en-US" xlink:label="lab_ptv_GelesisInc.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gelesis, Inc.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GelesisInc.Member" xlink:href="ptv-20251231.xsd#ptv_GelesisInc.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GelesisInc.Member" xlink:to="lab_ptv_GelesisInc.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GrossAmountMember_019b0412-5969-7c24-9393-27f25b5b42a4_terseLabel_en-US" xlink:label="lab_ptv_GrossAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross Amount</link:label>
    <link:label id="lab_ptv_GrossAmountMember_label_en-US" xlink:label="lab_ptv_GrossAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Amount [Member]</link:label>
    <link:label id="lab_ptv_GrossAmountMember_documentation_en-US" xlink:label="lab_ptv_GrossAmountMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GrossAmountMember" xlink:href="ptv-20251231.xsd#ptv_GrossAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GrossAmountMember" xlink:to="lab_ptv_GrossAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorLocation_019b0412-59fd-7ab9-9a74-852481e6aa3f_terseLabel_en-US" xlink:label="lab_dei_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor Location</link:label>
    <link:label id="lab_dei_AuditorLocation_label_en-US" xlink:label="lab_dei_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Location</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorLocation" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorLocation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorLocation" xlink:to="lab_dei_AuditorLocation" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsTable_019b0412-5b34-7d22-ab4b-bc9e5789304c_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Table]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsTable_label_en-US" xlink:label="lab_ptv_NonControllingInterestsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Table]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsTable_documentation_en-US" xlink:label="lab_ptv_NonControllingInterestsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsTable" xlink:href="ptv-20251231.xsd#ptv_NonControllingInterestsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonControllingInterestsTable" xlink:to="lab_ptv_NonControllingInterestsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_019b0412-5b34-759e-ae89-6c00200a50c1_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest received</link:label>
    <link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest received, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_KarunaVorAndAkiliMember_019b0412-59fd-71b1-b08a-3c195d5abdc7_terseLabel_en-US" xlink:label="lab_ptv_KarunaVorAndAkiliMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Karuna, Vor and Akili</link:label>
    <link:label id="lab_ptv_KarunaVorAndAkiliMember_label_en-US" xlink:label="lab_ptv_KarunaVorAndAkiliMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Karuna, Vor and Akili [Member]</link:label>
    <link:label id="lab_ptv_KarunaVorAndAkiliMember_documentation_en-US" xlink:label="lab_ptv_KarunaVorAndAkiliMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Karuna, Vor and Akili</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_KarunaVorAndAkiliMember" xlink:href="ptv-20251231.xsd#ptv_KarunaVorAndAkiliMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_KarunaVorAndAkiliMember" xlink:to="lab_ptv_KarunaVorAndAkiliMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_019b0412-59fc-741f-9aef-bc04c0326028_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Operating Segments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageShares_019b0412-59fc-7d35-bbe0-1b1e8cddb126_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shareholders to calculate basic earnings per share (in shares)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageShares" xlink:to="lab_ifrs-full_WeightedAverageShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseTable_019b0412-5968-72df-8277-c49a7c9e7c17_terseLabel_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Table]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseTable_label_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Table]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseTable_documentation_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RecognisedIncomeTaxExpenseTable" xlink:href="ptv-20251231.xsd#ptv_RecognisedIncomeTaxExpenseTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RecognisedIncomeTaxExpenseTable" xlink:to="lab_ptv_RecognisedIncomeTaxExpenseTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ContractualInterestExpenseOnNotes_019b0412-5aaf-7cfc-9b1d-aa99eb5252f2_negatedTerseLabel_en-US" xlink:label="lab_ptv_ContractualInterestExpenseOnNotes" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Contractual interest expense on notes payable</link:label>
    <link:label id="lab_ptv_ContractualInterestExpenseOnNotes_label_en-US" xlink:label="lab_ptv_ContractualInterestExpenseOnNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual Interest expense on notes</link:label>
    <link:label id="lab_ptv_ContractualInterestExpenseOnNotes_documentation_en-US" xlink:label="lab_ptv_ContractualInterestExpenseOnNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contractual Interest expense on notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ContractualInterestExpenseOnNotes" xlink:href="ptv-20251231.xsd#ptv_ContractualInterestExpenseOnNotes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ContractualInterestExpenseOnNotes" xlink:to="lab_ptv_ContractualInterestExpenseOnNotes" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory_019b0412-5969-7bc5-ad20-7b77105eefdc_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Unrecognized Deferred Tax Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of temporary difference, unused tax losses and unused tax credits [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare_019b0412-5aaf-73c1-b904-6cd40bd49862_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Award settlement, price per share</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare_label_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Award Settlement, Price Per Share</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare_documentation_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Award Settlement, Price Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:href="ptv-20251231.xsd#ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:to="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsTable_019b0412-5968-7aae-a3cd-a042d35f80ad_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherReserves_019b0412-5969-770a-a69b-8bdbf17ad1f3_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other reserve</link:label>
    <link:label id="lab_ifrs-full_OtherReserves_019c2881-f438-740e-b577-ff9b5a2bc647_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other reserves</link:label>
    <link:label id="lab_ifrs-full_OtherReserves_label_en-US" xlink:label="lab_ifrs-full_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other reserves</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReserves"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReserves" xlink:to="lab_ifrs-full_OtherReserves" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_019b0412-5969-7f23-9875-61b2a3fe4c1b_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payment expense</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, share-based payment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleNotesMember_019b0412-5969-72d7-ac2c-b194967a248a_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible notes</link:label>
    <link:label id="lab_ptv_ConvertibleNotesMember_label_en-US" xlink:label="lab_ptv_ConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Notes [Member]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesMember_documentation_en-US" xlink:label="lab_ptv_ConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNotesMember" xlink:href="ptv-20251231.xsd#ptv_ConvertibleNotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNotesMember" xlink:to="lab_ptv_ConvertibleNotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_019b0412-59fd-79b5-8757-7f138c14351b_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Changes in the fair value of the notes</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial assets at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_019b0412-5968-75f5-a22c-8e2e41299991_terseLabel_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_label_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityWellKnownSeasonedIssuer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityWellKnownSeasonedIssuer" xlink:to="lab_dei_EntityWellKnownSeasonedIssuer" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingTable_019b0412-5aaf-7290-b25a-beedc9a0f486_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Options outstanding [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingTable_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Options outstanding [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingTable_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Options outstanding [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsOutstandingTable" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageOptionsOutstandingTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsOutstandingTable" xlink:to="lab_ptv_WeightedAverageOptionsOutstandingTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember_019b0412-5968-7bcd-afe6-254972869b51_terseLabel_en-US" xlink:label="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior secured convertible promissory note</link:label>
    <link:label id="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember_label_en-US" xlink:label="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Secured Convertible Promissory Note [Member]</link:label>
    <link:label id="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember_documentation_en-US" xlink:label="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Secured Convertible Promissory Note</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:href="ptv-20251231.xsd#ptv_SeniorSecuredConvertiblePromissoryNoteMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:to="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_019b0412-5969-7ad2-9445-123a6c2d7bba_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Options exercisable (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options exercisable in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComputerEquipmentMember_019b0412-5aaf-7d49-aac9-4ae9426087ea_terseLabel_en-US" xlink:label="lab_ifrs-full_ComputerEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Computer equipment and software</link:label>
    <link:label id="lab_ifrs-full_ComputerEquipmentMember_label_en-US" xlink:label="lab_ifrs-full_ComputerEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Computer equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComputerEquipmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComputerEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComputerEquipmentMember" xlink:to="lab_ifrs-full_ComputerEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueTable_019b0412-59fd-7fb7-8d77-0dc1b296c0b5_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Table]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueTable_label_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Table]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueTable_documentation_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueTable" xlink:href="ptv-20251231.xsd#ptv_InvestmentsHeldAtFairValueTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsHeldAtFairValueTable" xlink:to="lab_ptv_InvestmentsHeldAtFairValueTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MajorCustomersDomain_019b0412-59fd-7653-ac76-36bfad01f5c4_terseLabel_en-US" xlink:label="lab_ifrs-full_MajorCustomersDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customers over 10% of revenue</link:label>
    <link:label id="lab_ifrs-full_MajorCustomersDomain_label_en-US" xlink:label="lab_ifrs-full_MajorCustomersDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major customers [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MajorCustomersDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MajorCustomersDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MajorCustomersDomain" xlink:to="lab_ifrs-full_MajorCustomersDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_019b0412-5968-7173-afab-97c1b9d14c9a_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) financing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPlansTable_019b0412-5969-7ec9-9340-9d863df6a990_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Plans [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryPlansTable_label_en-US" xlink:label="lab_ptv_SubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Plans [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryPlansTable_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Plans [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPlansTable" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryPlansTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPlansTable" xlink:to="lab_ptv_SubsidiaryPlansTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PreferenceSharesMember_019b0412-5969-750c-bf39-cd0ae03f88cc_terseLabel_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred</link:label>
    <link:label id="lab_ifrs-full_PreferenceSharesMember_label_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PreferenceSharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PreferenceSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PreferenceSharesMember" xlink:to="lab_ifrs-full_PreferenceSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VedantaAndGelesisMember_019dc02f-04d7-79a2-9d64-6485b1bc94f7_terseLabel_en-US" xlink:label="lab_ptv_VedantaAndGelesisMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vedanta and Gelesis</link:label>
    <link:label id="lab_ptv_VedantaAndGelesisMember_label_en-US" xlink:label="lab_ptv_VedantaAndGelesisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vedanta and Gelesis [Member]</link:label>
    <link:label id="lab_ptv_VedantaAndGelesisMember_documentation_en-US" xlink:label="lab_ptv_VedantaAndGelesisMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vedanta and Gelesis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaAndGelesisMember" xlink:href="ptv-20251231.xsd#ptv_VedantaAndGelesisMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VedantaAndGelesisMember" xlink:to="lab_ptv_VedantaAndGelesisMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GallopOncologyMember_019c9066-200c-7ed4-b7c5-50cb17c4496a_terseLabel_en-US" xlink:label="lab_ptv_GallopOncologyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gallop</link:label>
    <link:label id="lab_ptv_GallopOncologyMember_label_en-US" xlink:label="lab_ptv_GallopOncologyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gallop Oncology [Member]</link:label>
    <link:label id="lab_ptv_GallopOncologyMember_documentation_en-US" xlink:label="lab_ptv_GallopOncologyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gallop Oncology</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GallopOncologyMember" xlink:href="ptv-20251231.xsd#ptv_GallopOncologyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GallopOncologyMember" xlink:to="lab_ptv_GallopOncologyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock_019b0412-59fd-72c1-9eba-a9961191da5c_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Recognized Income Tax Expense</link:label>
    <link:label id="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of recognized income tax expense [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of recognized income tax expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock" xlink:to="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_019b0412-59fd-7d7d-aab0-3af2813125e5_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated depreciation and impairment&#160;loss</link:label>
    <link:label id="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_label_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated depreciation, amortisation and impairment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:to="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory_019b0412-5aaf-758a-8386-70dfb41ea468_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Assets</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for financial assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCurrentReportingStatus_019b0412-5968-7d7f-8ca6-cc6e0d06a1db_terseLabel_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:label id="lab_dei_EntityCurrentReportingStatus_label_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCurrentReportingStatus" xlink:to="lab_dei_EntityCurrentReportingStatus" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TreasuryShares_019b0412-5b34-7981-b2a8-9664fa9df4f2_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Treasury stock</link:label>
    <link:label id="lab_ifrs-full_TreasuryShares_019c287e-cd87-76c0-9f9f-c9ac232f8ea0_negatedLabel_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Treasury shares, 16,243,451 and 18,506,177 as of December 31, 2025 and 2024, respectively</link:label>
    <link:label id="lab_ifrs-full_TreasuryShares_label_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasuryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasuryShares" xlink:to="lab_ifrs-full_TreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory_019b0412-5aaf-7a76-8cea-ba62946249e3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Deferred Taxes</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of deferred taxes [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDeferredTaxesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeThreeMember_019b0412-5969-7844-97f5-8c9cdccd7ef2_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeThreeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2.00 to 3.00</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeThreeMember_label_en-US" xlink:label="lab_ptv_ExercisePriceRangeThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range Three [Member]</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeThreeMember_documentation_en-US" xlink:label="lab_ptv_ExercisePriceRangeThreeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range Three [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeThreeMember" xlink:href="ptv-20251231.xsd#ptv_ExercisePriceRangeThreeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePriceRangeThreeMember" xlink:to="lab_ptv_ExercisePriceRangeThreeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets_019d91b9-7269-7ac1-b836-206809b5f2d8_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Vedanta preferred shares</link:label>
    <link:label id="lab_ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets_019d9814-79b2-7759-bb9b-432ef03aa751_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investment in Vedanta preferred shares</link:label>
    <link:label id="lab_ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase through origination or purchase, financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets" xlink:to="lab_ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccountingPoliciesLineItems_019b0412-59fc-784d-a0c1-1e4c10315846_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Policies</link:label>
    <link:label id="lab_ptv_AccountingPoliciesLineItems_label_en-US" xlink:label="lab_ptv_AccountingPoliciesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Line Items]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesLineItems_documentation_en-US" xlink:label="lab_ptv_AccountingPoliciesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accounting Policies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesLineItems" xlink:href="ptv-20251231.xsd#ptv_AccountingPoliciesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccountingPoliciesLineItems" xlink:to="lab_ptv_AccountingPoliciesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WarrantsExpirationTerm_019b0412-59fc-7a1b-a65b-66c8796b19e0_terseLabel_en-US" xlink:label="lab_ptv_WarrantsExpirationTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expiring term after issuance</link:label>
    <link:label id="lab_ptv_WarrantsExpirationTerm_label_en-US" xlink:label="lab_ptv_WarrantsExpirationTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warrants, Expiration Term</link:label>
    <link:label id="lab_ptv_WarrantsExpirationTerm_documentation_en-US" xlink:label="lab_ptv_WarrantsExpirationTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Warrants, Expiration Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WarrantsExpirationTerm" xlink:href="ptv-20251231.xsd#ptv_WarrantsExpirationTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WarrantsExpirationTerm" xlink:to="lab_ptv_WarrantsExpirationTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_019b0412-5aaf-7557-af56-93cac18c2c58_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:to="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsLineItems_019b0412-5968-74a7-b72a-3fcc4d331fc8_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Line Items]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsLineItems_label_en-US" xlink:label="lab_ptv_NonControllingInterestsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Line Items]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsLineItems_documentation_en-US" xlink:label="lab_ptv_NonControllingInterestsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsLineItems" xlink:href="ptv-20251231.xsd#ptv_NonControllingInterestsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonControllingInterestsLineItems" xlink:to="lab_ptv_NonControllingInterestsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceTable_019b0412-5968-76f5-b9f5-05ac4529142e_terseLabel_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Table]</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceTable_label_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Table]</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceTable_documentation_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MinimumLiquidationPreferenceTable" xlink:href="ptv-20251231.xsd#ptv_MinimumLiquidationPreferenceTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MinimumLiquidationPreferenceTable" xlink:to="lab_ptv_MinimumLiquidationPreferenceTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability_019b0412-5969-7ebc-8ca4-cdf1c9dce1f4_terseLabel_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) from changes in fair value of warrant liability</link:label>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability_label_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain/(Loss) from change in fair value of warrant liability</link:label>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability_documentation_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain/(Loss) from change in fair value of warrant liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:href="ptv-20251231.xsd#ptv_GainLossFromChangeInFairValueOfWarrantLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:to="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MergerReserve_019b0412-5aaf-7153-8776-19971c654759_terseLabel_en-US" xlink:label="lab_ifrs-full_MergerReserve" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
    <link:label id="lab_ifrs-full_MergerReserve_019c2880-2a4b-79c8-9304-81c7e10fe15c_verboseLabel_en-US" xlink:label="lab_ifrs-full_MergerReserve" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
    <link:label id="lab_ifrs-full_MergerReserve_label_en-US" xlink:label="lab_ifrs-full_MergerReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MergerReserve" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MergerReserve"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MergerReserve" xlink:to="lab_ifrs-full_MergerReserve" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechManagementMember_019b0412-5968-7a26-8053-ae53dd27fd27_verboseLabel_en-US" xlink:label="lab_ptv_PureTechManagementMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech Management, Inc.</link:label>
    <link:label id="lab_ptv_PureTechManagementMember_label_en-US" xlink:label="lab_ptv_PureTechManagementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech Management [Member]</link:label>
    <link:label id="lab_ptv_PureTechManagementMember_documentation_en-US" xlink:label="lab_ptv_PureTechManagementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechManagementMember" xlink:href="ptv-20251231.xsd#ptv_PureTechManagementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechManagementMember" xlink:to="lab_ptv_PureTechManagementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_019b0412-5968-7bcf-b6b3-ade586b175a8_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_019b0412-59fd-7eb0-90bc-2ca22b877d1a_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of property and equipment</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from sales of property, plant and equipment, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxationTable_019b0412-59fd-7a4b-87d2-e577069d8ddd_terseLabel_en-US" xlink:label="lab_ptv_TaxationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation [Table]</link:label>
    <link:label id="lab_ptv_TaxationTable_label_en-US" xlink:label="lab_ptv_TaxationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxation [Table]</link:label>
    <link:label id="lab_ptv_TaxationTable_documentation_en-US" xlink:label="lab_ptv_TaxationTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxationTable" xlink:href="ptv-20251231.xsd#ptv_TaxationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxationTable" xlink:to="lab_ptv_TaxationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashEquivalents_019b0412-5aaf-7e82-87c6-b22e9eb74787_terseLabel_en-US" xlink:label="lab_ifrs-full_CashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash equivalents</link:label>
    <link:label id="lab_ifrs-full_CashEquivalents_label_en-US" xlink:label="lab_ifrs-full_CashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashEquivalents" xlink:to="lab_ifrs-full_CashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CreditRisk_019b0412-5aaf-7b91-bce5-34e49257b08d_totalLabel_en-US" xlink:label="lab_ptv_CreditRisk" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ptv_CreditRisk_label_en-US" xlink:label="lab_ptv_CreditRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit risk</link:label>
    <link:label id="lab_ptv_CreditRisk_documentation_en-US" xlink:label="lab_ptv_CreditRisk" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CreditRisk" xlink:href="ptv-20251231.xsd#ptv_CreditRisk"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CreditRisk" xlink:to="lab_ptv_CreditRisk" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MarketBacksolveOPMMember_019b0412-59fd-79e8-af60-cd1cfce91d33_terseLabel_en-US" xlink:label="lab_ptv_MarketBacksolveOPMMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market Backsolve &amp; OPM</link:label>
    <link:label id="lab_ptv_MarketBacksolveOPMMember_label_en-US" xlink:label="lab_ptv_MarketBacksolveOPMMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Backsolve &amp; OPM [Member]</link:label>
    <link:label id="lab_ptv_MarketBacksolveOPMMember_documentation_en-US" xlink:label="lab_ptv_MarketBacksolveOPMMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Backsolve &amp; OPM</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MarketBacksolveOPMMember" xlink:href="ptv-20251231.xsd#ptv_MarketBacksolveOPMMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MarketBacksolveOPMMember" xlink:to="lab_ptv_MarketBacksolveOPMMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BottomOfRangeMember_019b0412-5969-7db2-8efd-8af9438c6a83_terseLabel_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bottom of range</link:label>
    <link:label id="lab_ifrs-full_BottomOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bottom of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BottomOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BottomOfRangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember" xlink:to="lab_ifrs-full_BottomOfRangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_019b0412-5969-75f5-8d88-5bc48006da32_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_019b0412-5aaf-7423-8bce-d95bea7fc8a7_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment of Non-Financial Assets</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for impairment of non-financial assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock_019b0412-59fc-7425-a326-d8c532f51343_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Reconciliation of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Reconciliation of Effective Tax Rate [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Reconciliation of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock" xlink:to="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLoss_019b0412-5aaf-70b0-8db8-32c23ae6940d_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) for the year</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_019b0412-5aaf-74b2-bcbf-f9ed1dd54e63_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income/(loss)</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_019b0412-5aaf-714a-8989-82c5b077a4dc_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) for the year</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_label_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement_019b0412-5969-7a9f-9b5f-1bc821888ddd_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value, RSU forfeited (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments forfeited in share-based payment arrangement</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments forfeited in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement" xlink:to="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncomeTaxPayable_019b0412-59fd-7a5c-ae71-af688a136cd4_negatedLabel_en-US" xlink:label="lab_ptv_IncomeTaxPayable" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Tax liability &#8211; current</link:label>
    <link:label id="lab_ptv_IncomeTaxPayable_label_en-US" xlink:label="lab_ptv_IncomeTaxPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Payable</link:label>
    <link:label id="lab_ptv_IncomeTaxPayable_documentation_en-US" xlink:label="lab_ptv_IncomeTaxPayable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income Tax Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncomeTaxPayable" xlink:href="ptv-20251231.xsd#ptv_IncomeTaxPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncomeTaxPayable" xlink:to="lab_ptv_IncomeTaxPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MandaraSciencesLLCMember_019b0412-5aaf-7a4a-8253-01c41b9f72fb_verboseLabel_en-US" xlink:label="lab_ptv_MandaraSciencesLLCMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Mandara Sciences, LLC</link:label>
    <link:label id="lab_ptv_MandaraSciencesLLCMember_label_en-US" xlink:label="lab_ptv_MandaraSciencesLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mandara Sciences LLC [Member]</link:label>
    <link:label id="lab_ptv_MandaraSciencesLLCMember_documentation_en-US" xlink:label="lab_ptv_MandaraSciencesLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mandara Sciences LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MandaraSciencesLLCMember" xlink:href="ptv-20251231.xsd#ptv_MandaraSciencesLLCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MandaraSciencesLLCMember" xlink:to="lab_ptv_MandaraSciencesLLCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock_019b0412-5968-721a-b1d2-f08c5df3e6eb_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Operating Expenses</link:label>
    <link:label id="lab_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Total Operating Expense Explanatory [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Total Operating Expense Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock" xlink:to="lab_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfPayrollCostsTableTextBlock_019b0412-59fd-7a30-8039-1f41c28324d3_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfPayrollCostsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Payroll Costs</link:label>
    <link:label id="lab_ptv_DisclosureOfPayrollCostsTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfPayrollCostsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Payroll Costs [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfPayrollCostsTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfPayrollCostsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Payroll Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfPayrollCostsTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfPayrollCostsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfPayrollCostsTableTextBlock" xlink:to="lab_ptv_DisclosureOfPayrollCostsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_019b0412-5968-723e-a29a-676217413b85_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_019b0412-5968-788c-b77e-15e40aaa0cf2_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, options granted (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:to="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_019b0412-59fc-738c-8ce0-dbd35c6beba2_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total non-current liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_019b0412-59fc-72af-867f-1a477b277962_negatedLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilities" xlink:to="lab_ifrs-full_NoncurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding_019b0412-5969-749c-817f-4603f0a006aa_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payment arrangements, percentage of common shares outstanding</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangements, Authorized Amount, Percentage of Common Shares Outstanding</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangements, Authorized Amount, Percentage of Common Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:to="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock_019b0412-5aaf-7394-97d1-d781e6672af8_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Sale of Future Royalties Liability</link:label>
    <link:label id="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Royalty Liabilities [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Royalty Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:to="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward_019c28a5-a2b4-74d5-a2b3-1cda4fa6fc45_terseLabel_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of Future Royalties Liabilities [Roll Forward]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward_label_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale of Future Royalties Liabilities [Roll Forward]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward_documentation_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale of Future Royalties Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward" xlink:href="ptv-20251231.xsd#ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward" xlink:to="lab_ptv_SaleOfFutureRoyaltiesLiabilitiesRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EstablishmentOfNewEntitiesMember_019b0412-5968-7505-b0ba-473626e17a26_terseLabel_en-US" xlink:label="lab_ptv_EstablishmentOfNewEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Establishment of new entities</link:label>
    <link:label id="lab_ptv_EstablishmentOfNewEntitiesMember_label_en-US" xlink:label="lab_ptv_EstablishmentOfNewEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Establishment Of New Entities [Member]</link:label>
    <link:label id="lab_ptv_EstablishmentOfNewEntitiesMember_documentation_en-US" xlink:label="lab_ptv_EstablishmentOfNewEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Establishment Of New Entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EstablishmentOfNewEntitiesMember" xlink:href="ptv-20251231.xsd#ptv_EstablishmentOfNewEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EstablishmentOfNewEntitiesMember" xlink:to="lab_ptv_EstablishmentOfNewEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainOnForgivenessOfDebt_019b0412-5aaf-740f-bcc1-45c14555224c_terseLabel_en-US" xlink:label="lab_ptv_GainOnForgivenessOfDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on forgiveness of debt</link:label>
    <link:label id="lab_ptv_GainOnForgivenessOfDebt_label_en-US" xlink:label="lab_ptv_GainOnForgivenessOfDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on forgiveness of debt</link:label>
    <link:label id="lab_ptv_GainOnForgivenessOfDebt_documentation_en-US" xlink:label="lab_ptv_GainOnForgivenessOfDebt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain on forgiveness of debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainOnForgivenessOfDebt" xlink:href="ptv-20251231.xsd#ptv_GainOnForgivenessOfDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainOnForgivenessOfDebt" xlink:to="lab_ptv_GainOnForgivenessOfDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentRegistrationStatement_019b0412-5969-7310-a0b1-115f0b395d19_terseLabel_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Registration Statement</link:label>
    <link:label id="lab_dei_DocumentRegistrationStatement_label_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Registration Statement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentRegistrationStatement" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentRegistrationStatement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentRegistrationStatement" xlink:to="lab_dei_DocumentRegistrationStatement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares_019b0412-59fc-7ff7-ab10-ded39e3eac0c_terseLabel_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) from changes in fair value of preferred shares</link:label>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares_label_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain/(Loss) from change in fair value of preferred shares</link:label>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares_documentation_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain/(Loss) from change in fair value of preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:href="ptv-20251231.xsd#ptv_GainLossFromChangeInFairValueOfPreferredShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:to="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_019b0412-5aaf-7306-b882-f58249e7719d_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance number of shares outstanding (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_019b0412-5aaf-7782-ac68-70733075004c_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance number of shares outstanding (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_019b0412-5aaf-735d-a04f-0ee73435f2f0_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issued (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_019b0412-5aaf-7355-b7b7-9d9b965f2d24_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issued (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesIssued" xlink:to="lab_ifrs-full_NumberOfSharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DirectorsRemunerationExpense_019b0412-59fd-7d6e-af63-56d22d9bd1c2_terseLabel_en-US" xlink:label="lab_ifrs-full_DirectorsRemunerationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remuneration expense</link:label>
    <link:label id="lab_ifrs-full_DirectorsRemunerationExpense_label_en-US" xlink:label="lab_ifrs-full_DirectorsRemunerationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Directors' remuneration expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DirectorsRemunerationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DirectorsRemunerationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DirectorsRemunerationExpense" xlink:to="lab_ifrs-full_DirectorsRemunerationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_019b0412-59fc-7906-8623-db87f14b8049_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Information</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of entity's operating segments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingExpenseCategoryAxis_019b0412-5968-7d57-a732-16a26e08d7de_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Expense Category [Axis]</link:label>
    <link:label id="lab_ptv_OperatingExpenseCategoryAxis_label_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expense Category [Axis]</link:label>
    <link:label id="lab_ptv_OperatingExpenseCategoryAxis_documentation_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Expense Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingExpenseCategoryAxis" xlink:href="ptv-20251231.xsd#ptv_OperatingExpenseCategoryAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingExpenseCategoryAxis" xlink:to="lab_ptv_OperatingExpenseCategoryAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_019b0412-5aaf-7be2-8275-e4707b34d612_negatedLabel_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_019b0412-5aaf-79ab-98d4-44c1fc474940_terseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation, right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationRightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationRightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationRightofuseAssets" xlink:to="lab_ifrs-full_DepreciationRightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain_019b0412-5969-74ab-9acb-570cefeb6f6e_terseLabel_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [domain]</link:label>
    <link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain_label_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain" xlink:to="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangeInFairValue_019b0412-5aaf-7ec1-b7e0-2050a57365e2_verboseLabel_en-US" xlink:label="lab_ptv_ChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase in value of preferred shares measured at fair value &#8211; finance income</link:label>
    <link:label id="lab_ptv_ChangeInFairValue_label_en-US" xlink:label="lab_ptv_ChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in fair value</link:label>
    <link:label id="lab_ptv_ChangeInFairValue_documentation_en-US" xlink:label="lab_ptv_ChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Change in fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangeInFairValue" xlink:href="ptv-20251231.xsd#ptv_ChangeInFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangeInFairValue" xlink:to="lab_ptv_ChangeInFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssociatesMember_019b0412-5aaf-7037-a4a7-f43c25996707_terseLabel_en-US" xlink:label="lab_ifrs-full_AssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Associates</link:label>
    <link:label id="lab_ifrs-full_AssociatesMember_label_en-US" xlink:label="lab_ifrs-full_AssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total for all associates [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssociatesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssociatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssociatesMember" xlink:to="lab_ifrs-full_AssociatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_019b0412-5aaf-7b2a-9c4c-c8838eaa0d54_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings/ (accumulated deficit)</link:label>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_label_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarningsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarningsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarningsMember" xlink:to="lab_ifrs-full_RetainedEarningsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_019b0412-59fc-75e7-97e3-4dcff649ff28_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Finance Income (Cost)</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of finance income (cost) [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_019b0412-59fd-710a-9de0-9b0ea0274398_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">One to two years</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year and not later than two years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WarrantsFairValue_019b0412-59fc-7bf7-9e0d-0cf45a5a4df1_terseLabel_en-US" xlink:label="lab_ptv_WarrantsFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warrants fair value</link:label>
    <link:label id="lab_ptv_WarrantsFairValue_label_en-US" xlink:label="lab_ptv_WarrantsFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warrants, Fair Value</link:label>
    <link:label id="lab_ptv_WarrantsFairValue_documentation_en-US" xlink:label="lab_ptv_WarrantsFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Warrants, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WarrantsFairValue" xlink:href="ptv-20251231.xsd#ptv_WarrantsFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WarrantsFairValue" xlink:to="lab_ptv_WarrantsFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_019b0412-5968-7815-8854-19f48ca76736_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for leases [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainOnDilutionOfInterestInAssociate_019b0412-5968-77ee-a604-fce539a81b1a_terseLabel_en-US" xlink:label="lab_ptv_GainOnDilutionOfInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on dilution of interest in associates</link:label>
    <link:label id="lab_ptv_GainOnDilutionOfInterestInAssociate_label_en-US" xlink:label="lab_ptv_GainOnDilutionOfInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on Dilution of Interest in Associate</link:label>
    <link:label id="lab_ptv_GainOnDilutionOfInterestInAssociate_documentation_en-US" xlink:label="lab_ptv_GainOnDilutionOfInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain on Dilution of Interest in Associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainOnDilutionOfInterestInAssociate" xlink:href="ptv-20251231.xsd#ptv_GainOnDilutionOfInterestInAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainOnDilutionOfInterestInAssociate" xlink:to="lab_ptv_GainOnDilutionOfInterestInAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised_019b0412-5aaf-7b02-9af5-e8a6f0a3c04b_terseLabel_en-US" xlink:label="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deductible temporary difference</link:label>
    <link:label id="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised_label_en-US" xlink:label="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deductible temporary differences for which no deferred tax asset is recognised</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:to="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems_019b0412-5968-7bdc-8c8b-37d7bbb903ca_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Line Items]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems_label_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Line Items]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems_documentation_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:href="ptv-20251231.xsd#ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:to="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_019b0412-59fd-734d-a971-dbff8be50493_totalLabel_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total amortization and depreciation expenses</link:label>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation and amortisation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:to="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_BusinessContactMember_019b0412-5968-794d-b96a-9e6c8bfcd84c_terseLabel_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Contact</link:label>
    <link:label id="lab_dei_BusinessContactMember_label_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Contact [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_BusinessContactMember" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_BusinessContactMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_BusinessContactMember" xlink:to="lab_dei_BusinessContactMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesAbstract_019b0412-59fc-7139-90d2-e770c319a780_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesAbstract" xlink:to="lab_ifrs-full_LiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleNotesTable_019b0412-59fc-73b0-844e-ab3c70d280f3_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Notes [Table]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesTable_label_en-US" xlink:label="lab_ptv_ConvertibleNotesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Notes [Table]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesTable_documentation_en-US" xlink:label="lab_ptv_ConvertibleNotesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Notes [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNotesTable" xlink:href="ptv-20251231.xsd#ptv_ConvertibleNotesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNotesTable" xlink:to="lab_ptv_ConvertibleNotesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentReceivablesDueFromAssociates_019b0412-5b34-75b8-bbae-b80390e13414_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in notes from associates, current</link:label>
    <link:label id="lab_ifrs-full_CurrentReceivablesDueFromAssociates_label_en-US" xlink:label="lab_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current receivables due from associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentReceivablesDueFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:to="lab_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilitySubleasedArea_019b0412-5969-7e54-a202-754335282b04_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilitySubleasedArea" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, subleased area (in square feet)</link:label>
    <link:label id="lab_ptv_LeaseLiabilitySubleasedArea_label_en-US" xlink:label="lab_ptv_LeaseLiabilitySubleasedArea" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Subleased Area</link:label>
    <link:label id="lab_ptv_LeaseLiabilitySubleasedArea_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilitySubleasedArea" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Subleased Area</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilitySubleasedArea" xlink:href="ptv-20251231.xsd#ptv_LeaseLiabilitySubleasedArea"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilitySubleasedArea" xlink:to="lab_ptv_LeaseLiabilitySubleasedArea" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ThirdPartyPayableFromICUponDeconsolidation_019b0412-5968-707e-8657-34920f13d516_terseLabel_en-US" xlink:label="lab_ptv_ThirdPartyPayableFromICUponDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other payables due to PureTech</link:label>
    <link:label id="lab_ptv_ThirdPartyPayableFromICUponDeconsolidation_label_en-US" xlink:label="lab_ptv_ThirdPartyPayableFromICUponDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Third Party Payable from IC Upon Deconsolidation</link:label>
    <link:label id="lab_ptv_ThirdPartyPayableFromICUponDeconsolidation_documentation_en-US" xlink:label="lab_ptv_ThirdPartyPayableFromICUponDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Third Party Payable from IC Upon Deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ThirdPartyPayableFromICUponDeconsolidation" xlink:href="ptv-20251231.xsd#ptv_ThirdPartyPayableFromICUponDeconsolidation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ThirdPartyPayableFromICUponDeconsolidation" xlink:to="lab_ptv_ThirdPartyPayableFromICUponDeconsolidation" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceCostsAbstract_019b0412-59fd-7bf5-826c-618ba59c7970_terseLabel_en-US" xlink:label="lab_ptv_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance costs</link:label>
    <link:label id="lab_ptv_FinanceCostsAbstract_label_en-US" xlink:label="lab_ptv_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance costs [Abstract]</link:label>
    <link:label id="lab_ptv_FinanceCostsAbstract_documentation_en-US" xlink:label="lab_ptv_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceCostsAbstract" xlink:href="ptv-20251231.xsd#ptv_FinanceCostsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceCostsAbstract" xlink:to="lab_ptv_FinanceCostsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherAssetsAndLiabilitiesNet_019b0412-5b34-72cc-b12d-dc9810bd9e92_negatedTerseLabel_en-US" xlink:label="lab_ptv_OtherAssetsAndLiabilitiesNet" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other Assets And Liabilities, Net</link:label>
    <link:label id="lab_ptv_OtherAssetsAndLiabilitiesNet_label_en-US" xlink:label="lab_ptv_OtherAssetsAndLiabilitiesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets And Liabilities, Net</link:label>
    <link:label id="lab_ptv_OtherAssetsAndLiabilitiesNet_documentation_en-US" xlink:label="lab_ptv_OtherAssetsAndLiabilitiesNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Assets And Liabilities, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherAssetsAndLiabilitiesNet" xlink:href="ptv-20251231.xsd#ptv_OtherAssetsAndLiabilitiesNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherAssetsAndLiabilitiesNet" xlink:to="lab_ptv_OtherAssetsAndLiabilitiesNet" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeasesRentalTable_019b0412-5aaf-7592-8188-865adfc8b543_terseLabel_en-US" xlink:label="lab_ptv_LeasesRentalTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases - Rental [Table]</link:label>
    <link:label id="lab_ptv_LeasesRentalTable_label_en-US" xlink:label="lab_ptv_LeasesRentalTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leases - Rental [Table]</link:label>
    <link:label id="lab_ptv_LeasesRentalTable_documentation_en-US" xlink:label="lab_ptv_LeasesRentalTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Leases - Rental [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeasesRentalTable" xlink:href="ptv-20251231.xsd#ptv_LeasesRentalTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeasesRentalTable" xlink:to="lab_ptv_LeasesRentalTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CarryingAmountMember_019b0412-5aaf-7f77-9372-c36e91113c3c_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying Amount</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember" xlink:to="lab_ifrs-full_CarryingAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets_019b0412-5aaf-75ba-a5ee-711b53a59d16_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible increase in unobservable input, assets</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible increase in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryTypesDomain_019b0412-5969-77a0-b4de-4e99e525f253_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryTypesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Types [Domain]</link:label>
    <link:label id="lab_ptv_SubsidiaryTypesDomain_label_en-US" xlink:label="lab_ptv_SubsidiaryTypesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Types [Domain]</link:label>
    <link:label id="lab_ptv_SubsidiaryTypesDomain_documentation_en-US" xlink:label="lab_ptv_SubsidiaryTypesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Types [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryTypesDomain" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryTypesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryTypesDomain" xlink:to="lab_ptv_SubsidiaryTypesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UnobservableInputsDomain_019b0412-5968-7dd5-af9b-ec7dbbe15853_terseLabel_en-US" xlink:label="lab_ifrs-full_UnobservableInputsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unobservable inputs</link:label>
    <link:label id="lab_ifrs-full_UnobservableInputsDomain_label_en-US" xlink:label="lab_ifrs-full_UnobservableInputsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unobservable inputs [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnobservableInputsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnobservableInputsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsDomain" xlink:to="lab_ifrs-full_UnobservableInputsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_019b0412-5aaf-7e65-9829-557018b7d588_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term employee benefits</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, short-term employee benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_019b0412-5aaf-7276-9bcc-8513f0680a69_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfReportableSegment_019b0412-59fd-7b36-bd15-e76a20508da5_terseLabel_en-US" xlink:label="lab_ptv_NumberOfReportableSegment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of reportable segments</link:label>
    <link:label id="lab_ptv_NumberOfReportableSegment_label_en-US" xlink:label="lab_ptv_NumberOfReportableSegment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Reportable Segment</link:label>
    <link:label id="lab_ptv_NumberOfReportableSegment_documentation_en-US" xlink:label="lab_ptv_NumberOfReportableSegment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Reportable Segment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfReportableSegment" xlink:href="ptv-20251231.xsd#ptv_NumberOfReportableSegment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfReportableSegment" xlink:to="lab_ptv_NumberOfReportableSegment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_019b0412-5968-77a8-947b-8cc1a40f81e2_negatedLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Forfeited During the Year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options forfeited in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RightofuseAssets_019b0412-59fd-78b2-839a-35effc67bcbc_terseLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Right of use asset, net</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_019c2441-1fb5-764e-b8af-138e63b021aa_negatedLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Right of use asset, net</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_019b0412-59fd-7c93-b614-fe1795282dab_periodStartLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_019b0412-59fd-7cbd-8e54-12699bcda39f_periodEndLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RightofuseAssets" xlink:to="lab_ifrs-full_RightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueLineItems_019b0412-59fc-7bbb-8583-d4a0011c2d93_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Line Items]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueLineItems_label_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Line Items]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueLineItems_documentation_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueLineItems" xlink:href="ptv-20251231.xsd#ptv_InvestmentsHeldAtFairValueLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsHeldAtFairValueLineItems" xlink:to="lab_ptv_InvestmentsHeldAtFairValueLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_ContactPersonnelName_019b0412-5968-73ca-a5b8-5b2fafdd8c7a_terseLabel_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contact Personnel Name</link:label>
    <link:label id="lab_dei_ContactPersonnelName_label_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contact Personnel Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_ContactPersonnelName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_ContactPersonnelName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_ContactPersonnelName" xlink:to="lab_dei_ContactPersonnelName" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EarlyAndLateIPOScenarioProbabilityMember_019b0412-5aaf-7f66-8faa-6a86b8478c05_terseLabel_en-US" xlink:label="lab_ptv_EarlyAndLateIPOScenarioProbabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Probability of entering into an initial public offering ("IPO")</link:label>
    <link:label id="lab_ptv_EarlyAndLateIPOScenarioProbabilityMember_label_en-US" xlink:label="lab_ptv_EarlyAndLateIPOScenarioProbabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Early and Late IPO Scenario Probability [Member]</link:label>
    <link:label id="lab_ptv_EarlyAndLateIPOScenarioProbabilityMember_documentation_en-US" xlink:label="lab_ptv_EarlyAndLateIPOScenarioProbabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Early and Late IPO Scenario Probability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EarlyAndLateIPOScenarioProbabilityMember" xlink:href="ptv-20251231.xsd#ptv_EarlyAndLateIPOScenarioProbabilityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EarlyAndLateIPOScenarioProbabilityMember" xlink:to="lab_ptv_EarlyAndLateIPOScenarioProbabilityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueMember_019b0412-5969-7477-8e8c-d53ea2cada74_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueMember_label_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Member]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueMember_documentation_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueMember" xlink:href="ptv-20251231.xsd#ptv_InvestmentsHeldAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsHeldAtFairValueMember" xlink:to="lab_ptv_InvestmentsHeldAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfTreasuryShares_019b0412-5b34-78ea-bd54-3869803db738_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of Treasury stock</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfTreasuryShares_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfTreasuryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfTreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfTreasuryShares" xlink:to="lab_ifrs-full_PurchaseOfTreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired_019b0412-5aaf-77ec-877c-2886a5260984_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of voting equity interests acquired</link:label>
    <link:label id="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired_label_en-US" xlink:label="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of voting equity interests acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="lab_ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfAssetsWrittenOff_019d91ca-411a-7d09-a6af-f8b8587f0741_terseLabel_en-US" xlink:label="lab_ptv_NumberOfAssetsWrittenOff" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of assets written off in the period</link:label>
    <link:label id="lab_ptv_NumberOfAssetsWrittenOff_label_en-US" xlink:label="lab_ptv_NumberOfAssetsWrittenOff" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Assets Written Off</link:label>
    <link:label id="lab_ptv_NumberOfAssetsWrittenOff_documentation_en-US" xlink:label="lab_ptv_NumberOfAssetsWrittenOff" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Assets Written Off</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfAssetsWrittenOff" xlink:href="ptv-20251231.xsd#ptv_NumberOfAssetsWrittenOff"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfAssetsWrittenOff" xlink:to="lab_ptv_NumberOfAssetsWrittenOff" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OpeningNetAssetsLiabilities_019b0412-5968-7cd8-8ebe-0551d7b61a98_terseLabel_en-US" xlink:label="lab_ptv_OpeningNetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Opening net assets/(liabilities)</link:label>
    <link:label id="lab_ptv_OpeningNetAssetsLiabilities_label_en-US" xlink:label="lab_ptv_OpeningNetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Opening Net Assets/(Liabilities)</link:label>
    <link:label id="lab_ptv_OpeningNetAssetsLiabilities_documentation_en-US" xlink:label="lab_ptv_OpeningNetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Opening Net Assets/(Liabilities)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OpeningNetAssetsLiabilities" xlink:href="ptv-20251231.xsd#ptv_OpeningNetAssetsLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OpeningNetAssetsLiabilities" xlink:to="lab_ptv_OpeningNetAssetsLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate_019b0412-5969-7cbb-8a6d-268c3bcdc2cd_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revaluation of deferred due to rate change</link:label>
    <link:label id="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate_label_en-US" xlink:label="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments Related To Change In Blend State Rate</link:label>
    <link:label id="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate_documentation_en-US" xlink:label="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustment Related To Change In Blend State Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:href="ptv-20251231.xsd#ptv_AdjustmentsRelatedToChangeInBlendStateRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:to="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards_019b0412-5969-7289-9c31-18fac781e627_terseLabel_en-US" xlink:label="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settlement of restricted stock units (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards_label_en-US" xlink:label="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Ordinary Shares Issued To Settle Share-based Payment Awards</link:label>
    <link:label id="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards_documentation_en-US" xlink:label="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Ordinary Shares Issued To Settle Share-based Payment Awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:href="ptv-20251231.xsd#ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:to="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PercentVotingRightsOfTheCompany_019b0412-59fd-7c07-8dd6-9d1934a13715_terseLabel_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percent voting rights of the company</link:label>
    <link:label id="lab_ptv_PercentVotingRightsOfTheCompany_label_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percent voting rights of the Company</link:label>
    <link:label id="lab_ptv_PercentVotingRightsOfTheCompany_documentation_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percent voting rights of the Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PercentVotingRightsOfTheCompany" xlink:href="ptv-20251231.xsd#ptv_PercentVotingRightsOfTheCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PercentVotingRightsOfTheCompany" xlink:to="lab_ptv_PercentVotingRightsOfTheCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate_019b0412-59fc-7351-ad50-b7d89a8d753d_terseLabel_en-US" xlink:label="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current receivable due from associates, interest rate</link:label>
    <link:label id="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate_label_en-US" xlink:label="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Receivable Due From Associates, Interest Rate</link:label>
    <link:label id="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate_documentation_en-US" xlink:label="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Receivable Due From Associates, Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:href="ptv-20251231.xsd#ptv_CurrentReceivableDueFromAssociatesInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:to="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock_019b0412-59fd-73d1-acbd-32808b57cae7_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Income Taxes Recognized in Comprehensive Income</link:label>
    <link:label id="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Income Taxes Recognized in Comprehensive Income [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Income Taxes Recognized in Comprehensive Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:to="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesLineItems_019b0412-5969-769c-87c3-d21e5b2d213a_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesLineItems_label_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesLineItems_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesLineItems" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryPreferredSharesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPreferredSharesLineItems" xlink:to="lab_ptv_SubsidiaryPreferredSharesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfEquityTableTextBlock_019b0412-59fd-7088-b085-2b35e49e4b12_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfEquityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Equity</link:label>
    <link:label id="lab_ptv_SummaryOfEquityTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfEquityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Equity [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfEquityTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfEquityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary of Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfEquityTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_SummaryOfEquityTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfEquityTableTextBlock" xlink:to="lab_ptv_SummaryOfEquityTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome_019b0412-5969-765a-bebd-e0f596f5a147_terseLabel_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instruments held measured at fair value through other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instruments held measured at fair value through other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate_019b0412-5969-7b62-aefe-c5db8776ac40_terseLabel_en-US" xlink:label="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">State taxes, net of federal effect</link:label>
    <link:label id="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effects of state tax rate in US, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effects of state tax rate in US, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember_019b0412-5969-7921-86d4-c74afa809820_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PaymentToFromRoyaltyPharma_019b0412-5aaf-71ca-9d2b-95985fc98d3f_terseLabel_en-US" xlink:label="lab_ptv_PaymentToFromRoyaltyPharma" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payment (from) to Royalty Pharma</link:label>
    <link:label id="lab_ptv_PaymentToFromRoyaltyPharma_019d25d1-593f-7f9a-93df-38c066b05bc2_negatedTerseLabel_en-US" xlink:label="lab_ptv_PaymentToFromRoyaltyPharma" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payments (from) to Royalty Pharma</link:label>
    <link:label id="lab_ptv_PaymentToFromRoyaltyPharma_label_en-US" xlink:label="lab_ptv_PaymentToFromRoyaltyPharma" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment To (From) Royalty Pharma</link:label>
    <link:label id="lab_ptv_PaymentToFromRoyaltyPharma_documentation_en-US" xlink:label="lab_ptv_PaymentToFromRoyaltyPharma" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payment To (From) Royalty Pharma</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PaymentToFromRoyaltyPharma" xlink:href="ptv-20251231.xsd#ptv_PaymentToFromRoyaltyPharma"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PaymentToFromRoyaltyPharma" xlink:to="lab_ptv_PaymentToFromRoyaltyPharma" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxationLineItems_019b0412-5aaf-7dfc-8cf7-77f34777a96d_terseLabel_en-US" xlink:label="lab_ptv_TaxationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation [Line Items]</link:label>
    <link:label id="lab_ptv_TaxationLineItems_label_en-US" xlink:label="lab_ptv_TaxationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxation [Line Items]</link:label>
    <link:label id="lab_ptv_TaxationLineItems_documentation_en-US" xlink:label="lab_ptv_TaxationLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxationLineItems" xlink:href="ptv-20251231.xsd#ptv_TaxationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxationLineItems" xlink:to="lab_ptv_TaxationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReceivablesDueFromAssociates_019b0412-5969-7556-beed-a96ef37aea98_terseLabel_en-US" xlink:label="lab_ifrs-full_ReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables due from associates</link:label>
    <link:label id="lab_ifrs-full_ReceivablesDueFromAssociates_label_en-US" xlink:label="lab_ifrs-full_ReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables due from associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReceivablesDueFromAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReceivablesDueFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReceivablesDueFromAssociates" xlink:to="lab_ifrs-full_ReceivablesDueFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_019b0412-5969-7678-b466-dc06993d077e_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_019b0412-5969-7bf8-8f4e-7e9557cc0762_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_019b0412-5969-7348-bb4f-2398a629534b_periodEndLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValue" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_019b0412-5968-7bb5-aecc-48fa4725aaae_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Potential securities excluded from diluted EPS calculation (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_label_en-US" xlink:label="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of potential ordinary shares that are antidilutive in period presented</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:to="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ClosingNetAssetsLiabilities_019b0412-59fd-7eb3-9295-ab9d425fea41_terseLabel_en-US" xlink:label="lab_ptv_ClosingNetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Closing net assets/(liabilities)</link:label>
    <link:label id="lab_ptv_ClosingNetAssetsLiabilities_label_en-US" xlink:label="lab_ptv_ClosingNetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Closing Net Assets / (Liabilities)</link:label>
    <link:label id="lab_ptv_ClosingNetAssetsLiabilities_documentation_en-US" xlink:label="lab_ptv_ClosingNetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Closing Net Assets / (Liabilities)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ClosingNetAssetsLiabilities" xlink:href="ptv-20251231.xsd#ptv_ClosingNetAssetsLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ClosingNetAssetsLiabilities" xlink:to="lab_ptv_ClosingNetAssetsLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceMarketAndServiceBasedRSUMember_019b0412-5aaf-7407-8dd0-105708611eb0_terseLabel_en-US" xlink:label="lab_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance, market and service based RSU</link:label>
    <link:label id="lab_ptv_PerformanceMarketAndServiceBasedRSUMember_label_en-US" xlink:label="lab_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance, market and service based RSU [Member]</link:label>
    <link:label id="lab_ptv_PerformanceMarketAndServiceBasedRSUMember_documentation_en-US" xlink:label="lab_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance, market and service based RSU</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:href="ptv-20251231.xsd#ptv_PerformanceMarketAndServiceBasedRSUMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:to="lab_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UnusedTaxLossesMember_019b0412-59fc-7476-af14-cfca248dbf6d_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating tax losses</link:label>
    <link:label id="lab_ifrs-full_UnusedTaxLossesMember_label_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unused tax losses [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnusedTaxLossesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnusedTaxLossesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnusedTaxLossesMember" xlink:to="lab_ifrs-full_UnusedTaxLossesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncomeTaxTypeDomain_019b0412-59fd-721f-a298-91da312b3706_terseLabel_en-US" xlink:label="lab_ptv_IncomeTaxTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Tax Type [Domain]</link:label>
    <link:label id="lab_ptv_IncomeTaxTypeDomain_label_en-US" xlink:label="lab_ptv_IncomeTaxTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Type [Domain]</link:label>
    <link:label id="lab_ptv_IncomeTaxTypeDomain_documentation_en-US" xlink:label="lab_ptv_IncomeTaxTypeDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income Tax Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncomeTaxTypeDomain" xlink:href="ptv-20251231.xsd#ptv_IncomeTaxTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncomeTaxTypeDomain" xlink:to="lab_ptv_IncomeTaxTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_019b0412-5aaf-7f78-ba22-765acdef9379_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Translation reserve</link:label>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_label_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of exchange differences on translation [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate_019b0412-5968-759b-b257-7861b1e0942b_totalLabel_en-US" xlink:label="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net assets/(liabilities)</link:label>
    <link:label id="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate_label_en-US" xlink:label="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net assets attributable to shareholders of associate</link:label>
    <link:label id="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate_documentation_en-US" xlink:label="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net assets attributable to shareholders of associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:href="ptv-20251231.xsd#ptv_NetAssetsAttributableToShareholdersOfAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:to="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxLiabilityMember_019b0412-5968-7f29-8f50-17dbcda132c0_terseLabel_en-US" xlink:label="lab_ptv_TaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax liability</link:label>
    <link:label id="lab_ptv_TaxLiabilityMember_label_en-US" xlink:label="lab_ptv_TaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax liability [Member]</link:label>
    <link:label id="lab_ptv_TaxLiabilityMember_documentation_en-US" xlink:label="lab_ptv_TaxLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxLiabilityMember" xlink:href="ptv-20251231.xsd#ptv_TaxLiabilityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxLiabilityMember" xlink:to="lab_ptv_TaxLiabilityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable_019b0412-5aaf-763d-ae47-3f98a861900c_terseLabel_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards [Table]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable_label_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards [Table]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable_documentation_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:href="ptv-20251231.xsd#ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:to="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechSecuritiesIICorpMember_019b0412-59fd-7e7e-bd85-57d48ab4a319_verboseLabel_en-US" xlink:label="lab_ptv_PureTechSecuritiesIICorpMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech Securities II Corp.</link:label>
    <link:label id="lab_ptv_PureTechSecuritiesIICorpMember_label_en-US" xlink:label="lab_ptv_PureTechSecuritiesIICorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech Securities II Corp. [Member]</link:label>
    <link:label id="lab_ptv_PureTechSecuritiesIICorpMember_documentation_en-US" xlink:label="lab_ptv_PureTechSecuritiesIICorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech Securities II Corp.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechSecuritiesIICorpMember" xlink:href="ptv-20251231.xsd#ptv_PureTechSecuritiesIICorpMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechSecuritiesIICorpMember" xlink:to="lab_ptv_PureTechSecuritiesIICorpMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EquityValueMeasurementInputMember_019c28ab-29aa-7ae3-8d73-d819628a3a84_terseLabel_en-US" xlink:label="lab_ptv_EquityValueMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Value</link:label>
    <link:label id="lab_ptv_EquityValueMeasurementInputMember_label_en-US" xlink:label="lab_ptv_EquityValueMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Value, Measurement Input [Member]</link:label>
    <link:label id="lab_ptv_EquityValueMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_EquityValueMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Value, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EquityValueMeasurementInputMember" xlink:href="ptv-20251231.xsd#ptv_EquityValueMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EquityValueMeasurementInputMember" xlink:to="lab_ptv_EquityValueMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingExpense_019b0412-5b34-704c-9100-95a597e62535_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total operating expenses</link:label>
    <link:label id="lab_ifrs-full_OperatingExpense_019b0412-5b34-7fba-8e08-fd433193a171_totalLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total operating expenses</link:label>
    <link:label id="lab_ifrs-full_OperatingExpense_label_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OperatingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OperatingExpense" xlink:to="lab_ifrs-full_OperatingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_019b0412-5b34-7ca7-989d-f31d6e6b3ebe_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfShareCapitalAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:to="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RentalIncome_019b0412-5aaf-7ccf-bd6d-d1db6a8b1cf2_terseLabel_en-US" xlink:label="lab_ifrs-full_RentalIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental income</link:label>
    <link:label id="lab_ifrs-full_RentalIncome_label_en-US" xlink:label="lab_ifrs-full_RentalIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RentalIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RentalIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RentalIncome" xlink:to="lab_ifrs-full_RentalIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_019b0412-59fd-7afb-98d4-772322037f00_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of share options exercised (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_019b0412-59fd-70e9-9e93-9ee48e57d13d_negatedLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Exercised (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_019b0412-59fd-7a13-9c67-c28e849d72aa_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Exercised During the Year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options exercised in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_019b0412-59fc-7c55-8b7c-ad4ddd502f7d_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity method income (loss)</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of associates accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_A2023PerformanceSharePlanMember_019b0412-5969-7e5a-b84d-61e6c4b90ceb_terseLabel_en-US" xlink:label="lab_ptv_A2023PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2023 Performance Share Plan</link:label>
    <link:label id="lab_ptv_A2023PerformanceSharePlanMember_label_en-US" xlink:label="lab_ptv_A2023PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2023 Performance Share Plan [Member]</link:label>
    <link:label id="lab_ptv_A2023PerformanceSharePlanMember_documentation_en-US" xlink:label="lab_ptv_A2023PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2023 Performance Share Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_A2023PerformanceSharePlanMember" xlink:href="ptv-20251231.xsd#ptv_A2023PerformanceSharePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_A2023PerformanceSharePlanMember" xlink:to="lab_ptv_A2023PerformanceSharePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Equity_019b0412-59fd-7a4e-812e-3147f3bafa65_totalLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity</link:label>
    <link:label id="lab_ifrs-full_Equity_019b0412-59fd-739b-bfd3-45b37ea15fcc_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Equity at beginning of period</link:label>
    <link:label id="lab_ifrs-full_Equity_019b0412-59fd-786c-9a4f-784b1d0a1ef3_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Equity at end of period</link:label>
    <link:label id="lab_ifrs-full_Equity_label_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Equity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="lab_ifrs-full_Equity" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressesAddressTypeAxis_019b0412-5b34-7785-81af-56863b5cadeb_terseLabel_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Addresses, Address Type [Axis]</link:label>
    <link:label id="lab_dei_EntityAddressesAddressTypeAxis_label_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Addresses, Address Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressesAddressTypeAxis" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressesAddressTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressesAddressTypeAxis" xlink:to="lab_dei_EntityAddressesAddressTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_019b0412-5968-7ee4-93e4-56208b326d9c_netLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Property and equipment, net</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_019b0412-5968-7d63-911e-eb8882cc8a95_periodStartLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_019b0412-5968-70ce-a8dc-68de634d5900_periodEndLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_ifrs-full_PropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards_019b0412-59fc-783b-88cd-9f71602e8ee9_terseLabel_en-US" xlink:label="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settlement of restricted stock units through issuance of equity</link:label>
    <link:label id="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards_label_en-US" xlink:label="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ordinary Shares Issued To Settle Share-based Payment Awards</link:label>
    <link:label id="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards_documentation_en-US" xlink:label="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ordinary Shares Issued To Settle Share-based Payment Awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:href="ptv-20251231.xsd#ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:to="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeriesA1PreferredMember_019b0412-5aaf-72ed-8d17-cffb45f6ea97_terseLabel_en-US" xlink:label="lab_ptv_SeriesA1PreferredMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A-1 preferred</link:label>
    <link:label id="lab_ptv_SeriesA1PreferredMember_label_en-US" xlink:label="lab_ptv_SeriesA1PreferredMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series A-1 Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesA1PreferredMember_documentation_en-US" xlink:label="lab_ptv_SeriesA1PreferredMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series A-1 Preferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesA1PreferredMember" xlink:href="ptv-20251231.xsd#ptv_SeriesA1PreferredMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesA1PreferredMember" xlink:to="lab_ptv_SeriesA1PreferredMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfSharesHeld_019b0412-59fc-72f3-b821-8af5ac6bc009_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares held (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfSharesHeld_label_en-US" xlink:label="lab_ptv_NumberOfSharesHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares Held</link:label>
    <link:label id="lab_ptv_NumberOfSharesHeld_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesHeld" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares Held</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesHeld" xlink:href="ptv-20251231.xsd#ptv_NumberOfSharesHeld"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesHeld" xlink:to="lab_ptv_NumberOfSharesHeld" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VedantaMember_019b0412-5aaf-7ecf-9656-47c7d20ed553_terseLabel_en-US" xlink:label="lab_ptv_VedantaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vedanta</link:label>
    <link:label id="lab_ptv_VedantaMember_label_en-US" xlink:label="lab_ptv_VedantaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vedanta [Member]</link:label>
    <link:label id="lab_ptv_VedantaMember_documentation_en-US" xlink:label="lab_ptv_VedantaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vedanta</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaMember" xlink:href="ptv-20251231.xsd#ptv_VedantaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VedantaMember" xlink:to="lab_ptv_VedantaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfAssociatesLineItems_019b0412-5968-7723-8652-06dff76fdc60_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of associates [Line Items]</link:label>
    <link:label id="lab_ptv_DisclosureOfAssociatesLineItems_label_en-US" xlink:label="lab_ptv_DisclosureOfAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of associates [Line Items]</link:label>
    <link:label id="lab_ptv_DisclosureOfAssociatesLineItems_documentation_en-US" xlink:label="lab_ptv_DisclosureOfAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfAssociatesLineItems" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfAssociatesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfAssociatesLineItems" xlink:to="lab_ptv_DisclosureOfAssociatesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_019b0412-5968-74fe-92b9-9bba706009d5_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Development Costs</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for research and development expense [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_019b0412-5968-7a06-94a1-31eb3994d32e_terseLabel_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 1</link:label>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 1 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level1OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfSharesAcquiredPerShare_019b0412-5aaf-7fe5-8125-afc2c1fbeb67_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares acquired per share (in euro per share)</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquiredPerShare_label_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired, Per Share</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquiredPerShare_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredPerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired, Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesAcquiredPerShare" xlink:href="ptv-20251231.xsd#ptv_NumberOfSharesAcquiredPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesAcquiredPerShare" xlink:to="lab_ptv_NumberOfSharesAcquiredPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_019b0412-59fd-7b67-8c08-5c079595bec2_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of share options granted in share-based payment arrangement (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_019b0412-59fd-77b3-b5f6-777314c661dd_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Granted (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_019c9450-c5fc-73ae-89f4-f773bb027d8f_netLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Granted During the Year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock_019b0412-5969-7036-9fa7-f580106cd2b4_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Use of Judgments and Estimates</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Use Of Judgement And Estimates [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Use Of Judgement And Estimates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:href="ptv-20251231.xsd#ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_019b0412-5968-7065-8995-6b0632b67bd3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockOptionsMember_019b0412-5aaf-782f-b3b7-62b6f1d65289_terseLabel_en-US" xlink:label="lab_ptv_StockOptionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock options</link:label>
    <link:label id="lab_ptv_StockOptionsMember_label_en-US" xlink:label="lab_ptv_StockOptionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Options [Member]</link:label>
    <link:label id="lab_ptv_StockOptionsMember_documentation_en-US" xlink:label="lab_ptv_StockOptionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockOptionsMember" xlink:href="ptv-20251231.xsd#ptv_StockOptionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockOptionsMember" xlink:to="lab_ptv_StockOptionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets_019b0412-5aaf-77b0-baba-84634c476ea4_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible decrease in unobservable input, assets</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible decrease in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled_019b0412-5968-7be8-ad4a-a45c0b103c89_negatedTerseLabel_en-US" xlink:label="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Effect of shares issued &amp; treasury shares purchased (in shares)</link:label>
    <link:label id="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled_label_en-US" xlink:label="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dilutive Effect Of All Instruments On Weighted Average Number Of Ordinary Shares, Including Effect Of Treasury Shares Purchased And Cancelled</link:label>
    <link:label id="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled_documentation_en-US" xlink:label="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dilutive Effect Of All Instruments On Weighted Average Number Of Ordinary Shares, Including Effect Of Treasury Shares Purchased And Cancelled</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:href="ptv-20251231.xsd#ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:to="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CommitmentsAndContingenciesAbstract_label_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments And Contingencies [Abstract]</link:label>
    <link:label id="lab_ptv_CommitmentsAndContingenciesAbstract_documentation_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitments And Contingencies [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommitmentsAndContingenciesAbstract" xlink:href="ptv-20251231.xsd#ptv_CommitmentsAndContingenciesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CommitmentsAndContingenciesAbstract" xlink:to="lab_ptv_CommitmentsAndContingenciesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BorrowingsRepaymentPeriodInterestRate_019b0412-59fd-768e-a6dd-0f0074ba21fe_terseLabel_en-US" xlink:label="lab_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate, repayment period</link:label>
    <link:label id="lab_ptv_BorrowingsRepaymentPeriodInterestRate_label_en-US" xlink:label="lab_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Repayment Period, Interest Rate</link:label>
    <link:label id="lab_ptv_BorrowingsRepaymentPeriodInterestRate_documentation_en-US" xlink:label="lab_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Repayment Period, Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:href="ptv-20251231.xsd#ptv_BorrowingsRepaymentPeriodInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:to="lab_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_019b0412-59fd-7514-bb20-af5779f61d8b_terseLabel_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2</link:label>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 2 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:to="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions_019b0412-59fc-73bd-922f-17176adfaa7e_terseLabel_en-US" xlink:label="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for share-based awards</link:label>
    <link:label id="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions_label_en-US" xlink:label="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncurrent Liabilities From Share based Payment Transactions</link:label>
    <link:label id="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions_documentation_en-US" xlink:label="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncurrent Liabilities From Share based Payment Transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:href="ptv-20251231.xsd#ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:to="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SPTXInc.HeldIndirectlyThroughSeaportMember_019b0412-5aaf-73cc-8113-fe0575433c46_terseLabel_en-US" xlink:label="lab_ptv_SPTXInc.HeldIndirectlyThroughSeaportMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SPTX, Inc. (held Indirectly through Seaport)</link:label>
    <link:label id="lab_ptv_SPTXInc.HeldIndirectlyThroughSeaportMember_label_en-US" xlink:label="lab_ptv_SPTXInc.HeldIndirectlyThroughSeaportMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SPTX, Inc. (held Indirectly through Seaport) [Member]</link:label>
    <link:label id="lab_ptv_SPTXInc.HeldIndirectlyThroughSeaportMember_documentation_en-US" xlink:label="lab_ptv_SPTXInc.HeldIndirectlyThroughSeaportMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">SPTX, Inc. (held Indirectly through Seaport)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SPTXInc.HeldIndirectlyThroughSeaportMember" xlink:href="ptv-20251231.xsd#ptv_SPTXInc.HeldIndirectlyThroughSeaportMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SPTXInc.HeldIndirectlyThroughSeaportMember" xlink:to="lab_ptv_SPTXInc.HeldIndirectlyThroughSeaportMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FixturesAndFittingsMember_019b0412-5968-7023-a6c7-16a5c308f0b3_terseLabel_en-US" xlink:label="lab_ifrs-full_FixturesAndFittingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Furniture and fixtures</link:label>
    <link:label id="lab_ifrs-full_FixturesAndFittingsMember_label_en-US" xlink:label="lab_ifrs-full_FixturesAndFittingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixtures and fittings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FixturesAndFittingsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FixturesAndFittingsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FixturesAndFittingsMember" xlink:to="lab_ifrs-full_FixturesAndFittingsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_019b0412-5aaf-7571-a90d-51d835a91892_periodStartLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price, beginning of year (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_019b0412-5aaf-757a-ab62-cf047e02ed37_periodEndLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price, end of year (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_019b0412-5aaf-79cd-997b-c390c27d484f_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Wtd Average Exercise Price (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_019b0412-5aaf-7ed2-811e-6638536bfc73_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options outstanding in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:to="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_019b0412-59fc-7b12-92e0-99523ce91ee6_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Owners of the Group</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_A2015PerformanceSharePlanMember_019b0412-59fc-7586-96b6-f9ab8128a9e0_terseLabel_en-US" xlink:label="lab_ptv_A2015PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2015 Performance Share Plan</link:label>
    <link:label id="lab_ptv_A2015PerformanceSharePlanMember_label_en-US" xlink:label="lab_ptv_A2015PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2015 Performance Share Plan [Member]</link:label>
    <link:label id="lab_ptv_A2015PerformanceSharePlanMember_documentation_en-US" xlink:label="lab_ptv_A2015PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2015 Performance Share Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_A2015PerformanceSharePlanMember" xlink:href="ptv-20251231.xsd#ptv_A2015PerformanceSharePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_A2015PerformanceSharePlanMember" xlink:to="lab_ptv_A2015PerformanceSharePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_019b0412-59fd-7160-bea2-f3a0deabf484_terseLabel_en-US" xlink:label="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income/(costs) &#8211; fair value accounting</link:label>
    <link:label id="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of finance income costs - fair value accounting, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of finance income costs - fair value accounting, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfAssociates_019b0412-5968-7704-ad6e-1f36637e272b_terseLabel_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audit of the financial statements of associate</link:label>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfAssociates_label_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audit of financial statements of associates</link:label>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfAssociates_documentation_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Audit of financial statements of associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditOfFinancialStatementsOfAssociates" xlink:href="ptv-20251231.xsd#ptv_AuditOfFinancialStatementsOfAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditOfFinancialStatementsOfAssociates" xlink:to="lab_ptv_AuditOfFinancialStatementsOfAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_KarunaMember_019b0412-5aaf-7840-95b0-33d1165e684e_verboseLabel_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Karuna Therapeutics, Inc.</link:label>
    <link:label id="lab_ptv_KarunaMember_019b0412-5aaf-77e2-a5c7-6f21535b5458_terseLabel_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Karuna</link:label>
    <link:label id="lab_ptv_KarunaMember_label_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Karuna [Member]</link:label>
    <link:label id="lab_ptv_KarunaMember_documentation_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Karuna</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_KarunaMember" xlink:href="ptv-20251231.xsd#ptv_KarunaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_KarunaMember" xlink:to="lab_ptv_KarunaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MajorCustomersAxis_019b0412-5968-762c-8ea4-e0d0ed46ca0f_terseLabel_en-US" xlink:label="lab_ifrs-full_MajorCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customers over 10% of revenue</link:label>
    <link:label id="lab_ifrs-full_MajorCustomersAxis_label_en-US" xlink:label="lab_ifrs-full_MajorCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major customers [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MajorCustomersAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MajorCustomersAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MajorCustomersAxis" xlink:to="lab_ifrs-full_MajorCustomersAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeaportMember_019b0412-59fd-7cba-98af-3a2571a77263_terseLabel_en-US" xlink:label="lab_ptv_SeaportMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Seaport</link:label>
    <link:label id="lab_ptv_SeaportMember_label_en-US" xlink:label="lab_ptv_SeaportMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seaport [Member]</link:label>
    <link:label id="lab_ptv_SeaportMember_documentation_en-US" xlink:label="lab_ptv_SeaportMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Seaport</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeaportMember" xlink:href="ptv-20251231.xsd#ptv_SeaportMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeaportMember" xlink:to="lab_ptv_SeaportMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShortTermInvestment_019b0412-5aaf-737d-9532-5e466f98dfa5_terseLabel_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term investments</link:label>
    <link:label id="lab_ptv_ShortTermInvestment_019b0412-5aaf-7941-80d8-22ab11f5a4c9_verboseLabel_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Short-term investments</link:label>
    <link:label id="lab_ptv_ShortTermInvestment_label_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Investment</link:label>
    <link:label id="lab_ptv_ShortTermInvestment_documentation_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Short-term Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermInvestment" xlink:href="ptv-20251231.xsd#ptv_ShortTermInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermInvestment" xlink:to="lab_ptv_ShortTermInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialAssetPrincipalAmount_019d2604-ba9c-7c0d-b2a7-4519866a2b8a_terseLabel_en-US" xlink:label="lab_ptv_FinancialAssetPrincipalAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal amount</link:label>
    <link:label id="lab_ptv_FinancialAssetPrincipalAmount_label_en-US" xlink:label="lab_ptv_FinancialAssetPrincipalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Asset, Principal Amount</link:label>
    <link:label id="lab_ptv_FinancialAssetPrincipalAmount_documentation_en-US" xlink:label="lab_ptv_FinancialAssetPrincipalAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Asset, Principal Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialAssetPrincipalAmount" xlink:href="ptv-20251231.xsd#ptv_FinancialAssetPrincipalAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialAssetPrincipalAmount" xlink:to="lab_ptv_FinancialAssetPrincipalAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_019b0412-5969-71a7-a4fb-92ad9c68af34_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_019b0412-5969-71b7-b210-a6256f62c333_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets (liabilities), net</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilityAsset" xlink:to="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilityRenewalTerm_019b0412-59fd-7064-b772-2fe32f19ded8_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilityRenewalTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, renewal term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityRenewalTerm_label_en-US" xlink:label="lab_ptv_LeaseLiabilityRenewalTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Renewal Term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityRenewalTerm_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilityRenewalTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Renewal Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilityRenewalTerm" xlink:href="ptv-20251231.xsd#ptv_LeaseLiabilityRenewalTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilityRenewalTerm" xlink:to="lab_ptv_LeaseLiabilityRenewalTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLiabilities_019b0412-5aaf-7b3e-8496-4f6bc6642cd8_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilities_019b0412-5aaf-702f-97f7-ffd7b01bad42_negatedLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilities" xlink:to="lab_ifrs-full_CurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired_019d2600-c4c7-7d27-b010-99cde22a6a13_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares acquired (in shares)</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired_label_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments Held At Fair Value, Number Of Shares Acquired</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired_documentation_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments Held At Fair Value, Number Of Shares Acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired" xlink:href="ptv-20251231.xsd#ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired" xlink:to="lab_ptv_InvestmentsHeldAtFairValueNumberOfSharesAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_019b0412-5969-79c3-9b37-08cd449bfbc7_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on deconsolidation of subsidiary</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_019b0412-5969-7e86-8829-6cab9d955caa_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain on deconsolidation of subsidiary</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised when control of subsidiary is lost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:to="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxAssets_019b0412-5968-715e-996a-d9bea3aff927_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxAssets_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxAssets" xlink:to="lab_ifrs-full_DeferredTaxAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncontrollingInterestsMember_019b0412-59fd-7db8-b1a4-d263fa2de038_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_NoncontrollingInterestsMember_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterestsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterestsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterestsMember" xlink:to="lab_ifrs-full_NoncontrollingInterestsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_019b0412-59fd-732f-95e4-32f492c4c981_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income, attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentAccountingStandard_019b0412-5969-79c2-9e7f-41fa32f13939_terseLabel_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Accounting Standard</link:label>
    <link:label id="lab_dei_DocumentAccountingStandard_label_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Accounting Standard</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAccountingStandard" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAccountingStandard"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAccountingStandard" xlink:to="lab_dei_DocumentAccountingStandard" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NetAssetsFromBankruptcyMember_019b0412-5aaf-70b3-9351-6911d295a0fe_terseLabel_en-US" xlink:label="lab_ptv_NetAssetsFromBankruptcyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net assets from bankruptcy</link:label>
    <link:label id="lab_ptv_NetAssetsFromBankruptcyMember_label_en-US" xlink:label="lab_ptv_NetAssetsFromBankruptcyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Assets From Bankruptcy [Member]</link:label>
    <link:label id="lab_ptv_NetAssetsFromBankruptcyMember_documentation_en-US" xlink:label="lab_ptv_NetAssetsFromBankruptcyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Assets From Bankruptcy</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NetAssetsFromBankruptcyMember" xlink:href="ptv-20251231.xsd#ptv_NetAssetsFromBankruptcyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NetAssetsFromBankruptcyMember" xlink:to="lab_ptv_NetAssetsFromBankruptcyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FutureRoyaltiesMember_019b0412-5969-7e60-b5f9-4aa36c64c074_terseLabel_en-US" xlink:label="lab_ptv_FutureRoyaltiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of future royalties</link:label>
    <link:label id="lab_ptv_FutureRoyaltiesMember_label_en-US" xlink:label="lab_ptv_FutureRoyaltiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future Royalties [Member]</link:label>
    <link:label id="lab_ptv_FutureRoyaltiesMember_documentation_en-US" xlink:label="lab_ptv_FutureRoyaltiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Future Royalties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FutureRoyaltiesMember" xlink:href="ptv-20251231.xsd#ptv_FutureRoyaltiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FutureRoyaltiesMember" xlink:to="lab_ptv_FutureRoyaltiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_019b0412-5968-78a4-84fa-a3367cc864d2_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of outstanding share options</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of outstanding share options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:to="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseReceivableSubleaseWriteOff_019b0412-59fc-7bbb-8fe2-49a59b297453_terseLabel_en-US" xlink:label="lab_ptv_LeaseReceivableSubleaseWriteOff" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sublease, write off</link:label>
    <link:label id="lab_ptv_LeaseReceivableSubleaseWriteOff_label_en-US" xlink:label="lab_ptv_LeaseReceivableSubleaseWriteOff" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Receivable, Sublease, Write Off</link:label>
    <link:label id="lab_ptv_LeaseReceivableSubleaseWriteOff_documentation_en-US" xlink:label="lab_ptv_LeaseReceivableSubleaseWriteOff" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Receivable, Sublease, Write Off</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseReceivableSubleaseWriteOff" xlink:href="ptv-20251231.xsd#ptv_LeaseReceivableSubleaseWriteOff"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseReceivableSubleaseWriteOff" xlink:to="lab_ptv_LeaseReceivableSubleaseWriteOff" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedLiabiltyAwardsMember_019b0412-5aaf-72ea-9acf-47cd8ed4a02a_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedLiabiltyAwardsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based liability awards</link:label>
    <link:label id="lab_ptv_ShareBasedLiabiltyAwardsMember_label_en-US" xlink:label="lab_ptv_ShareBasedLiabiltyAwardsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share based liabilty awards [Member]</link:label>
    <link:label id="lab_ptv_ShareBasedLiabiltyAwardsMember_documentation_en-US" xlink:label="lab_ptv_ShareBasedLiabiltyAwardsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based liabilty awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedLiabiltyAwardsMember" xlink:href="ptv-20251231.xsd#ptv_ShareBasedLiabiltyAwardsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedLiabiltyAwardsMember" xlink:to="lab_ptv_ShareBasedLiabiltyAwardsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate_019b0412-5969-77fa-9a67-1cc78ba0e156_negatedLabel_en-US" xlink:label="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Tax credits</link:label>
    <link:label id="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Credit, Reconciliation Of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Credit, Reconciliation Of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_TaxCreditReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StateMember_019b0412-5969-7c03-9281-ffddc714fb26_terseLabel_en-US" xlink:label="lab_ptv_StateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">State - current</link:label>
    <link:label id="lab_ptv_StateMember_label_en-US" xlink:label="lab_ptv_StateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">State [Member]</link:label>
    <link:label id="lab_ptv_StateMember_documentation_en-US" xlink:label="lab_ptv_StateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">State</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StateMember" xlink:href="ptv-20251231.xsd#ptv_StateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StateMember" xlink:to="lab_ptv_StateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_019b0412-5968-7329-909f-bd13df0ef65c_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payments</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for share-based payment transactions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities_019b0412-5968-77ca-9050-3b959ce9547f_terseLabel_en-US" xlink:label="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term note to associate</link:label>
    <link:label id="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Receipts From Repayment Of Current Receivables Due From Associates, Classified As Investing Activities</link:label>
    <link:label id="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities_documentation_en-US" xlink:label="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Receipts From Repayment Of Current Receivables Due From Associates, Classified As Investing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:href="ptv-20251231.xsd#ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:to="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetainedEarnings_019b0412-5aaf-78c6-aafb-03a6941d694c_verboseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings/(Accumulated deficit)</link:label>
    <link:label id="lab_ifrs-full_RetainedEarnings_019b0412-5aaf-7442-9ee5-90750a815642_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings/(accumulated deficit)</link:label>
    <link:label id="lab_ifrs-full_RetainedEarnings_label_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarnings" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarnings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarnings" xlink:to="lab_ifrs-full_RetainedEarnings" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MeasurementDomain_019b0412-5aaf-739c-a6ce-b435b00ddbb3_terseLabel_en-US" xlink:label="lab_ifrs-full_MeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregated measurement</link:label>
    <link:label id="lab_ifrs-full_MeasurementDomain_label_en-US" xlink:label="lab_ifrs-full_MeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementDomain" xlink:to="lab_ifrs-full_MeasurementDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputAssets_019b0412-5aaf-7178-bef4-b214c9b5fb43_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Input Value</link:label>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantUnobservableInputAssets" xlink:to="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ResearchAndDevelopmentMember_019b0412-5b34-70b5-bfcb-58e7ac26a953_terseLabel_en-US" xlink:label="lab_ptv_ResearchAndDevelopmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Research and development</link:label>
    <link:label id="lab_ptv_ResearchAndDevelopmentMember_label_en-US" xlink:label="lab_ptv_ResearchAndDevelopmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Research And Development [Member]</link:label>
    <link:label id="lab_ptv_ResearchAndDevelopmentMember_documentation_en-US" xlink:label="lab_ptv_ResearchAndDevelopmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Research And Development</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ResearchAndDevelopmentMember" xlink:href="ptv-20251231.xsd#ptv_ResearchAndDevelopmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ResearchAndDevelopmentMember" xlink:to="lab_ptv_ResearchAndDevelopmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue_019b0412-59fc-795c-b736-f1c40e1977ce_terseLabel_en-US" xlink:label="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of associate's common stock held at fair value (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue_label_en-US" xlink:label="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of associate common stock held at fair value</link:label>
    <link:label id="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue_documentation_en-US" xlink:label="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of associate common stock held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:href="ptv-20251231.xsd#ptv_NumberOfAssociateCommonStockHeldAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:to="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_019b0412-5968-7b7b-9b36-51418d02b6e8_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement</link:label>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_019b0412-5968-744b-ab57-46380d10dcec_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">RSUs Granted in Period (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_label_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_019b0412-5969-71ce-a82d-b1bfb3e3508b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gain on deconsolidation of subsidiary</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for gain (loss) on disposal of investments in subsidiaries, joint ventures and associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceIncomecostsAbstract_019b0412-5968-7c76-ae7c-6726314b5c36_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomecostsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income/(costs):</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsAbstract_label_en-US" xlink:label="lab_ptv_FinanceIncomecostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income/(costs) [Abstract]</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsAbstract_documentation_en-US" xlink:label="lab_ptv_FinanceIncomecostsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance income/(costs)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomecostsAbstract" xlink:href="ptv-20251231.xsd#ptv_FinanceIncomecostsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceIncomecostsAbstract" xlink:to="lab_ptv_FinanceIncomecostsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfEquityInstrumentsInOtherEntities_019b0412-5968-77e6-a407-02eb0f77e9c9_terseLabel_en-US" xlink:label="lab_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of equity instruments in other entities (in shares)</link:label>
    <link:label id="lab_ptv_SaleOfEquityInstrumentsInOtherEntities_label_en-US" xlink:label="lab_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale of equity instruments in other entities</link:label>
    <link:label id="lab_ptv_SaleOfEquityInstrumentsInOtherEntities_documentation_en-US" xlink:label="lab_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale of equity instruments in other entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:href="ptv-20251231.xsd#ptv_SaleOfEquityInstrumentsInOtherEntities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:to="lab_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_019b0412-5968-7435-ab27-710c2896cf50_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other receivables</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for decrease (increase) in trade and other receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CommitmentsAndContingenciesTable_019b0412-59fd-7b61-a36f-aaee936dc811_terseLabel_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies [Table]</link:label>
    <link:label id="lab_ptv_CommitmentsAndContingenciesTable_label_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies [Table]</link:label>
    <link:label id="lab_ptv_CommitmentsAndContingenciesTable_documentation_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommitmentsAndContingenciesTable" xlink:href="ptv-20251231.xsd#ptv_CommitmentsAndContingenciesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CommitmentsAndContingenciesTable" xlink:to="lab_ptv_CommitmentsAndContingenciesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LegalEntityAxis_019b0412-5969-708b-b4af-6db7416c464d_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:label id="lab_dei_LegalEntityAxis_label_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LegalEntityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis" xlink:to="lab_dei_LegalEntityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VedantaBiosciencesMember_019b0412-59fc-710e-82eb-ad21d766d945_verboseLabel_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences, Inc.</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesMember_019b0412-59fc-701b-b3b4-5242c447ff60_terseLabel_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesMember_label_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences [Member]</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesMember_documentation_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaBiosciencesMember" xlink:href="ptv-20251231.xsd#ptv_VedantaBiosciencesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VedantaBiosciencesMember" xlink:to="lab_ptv_VedantaBiosciencesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_019b0412-5969-7ce9-b2f3-eb8ca8c67081_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_019b0412-5969-732b-91b9-f97dff0416a5_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) for the year, attributable to the owners of the Group, basic</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:to="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock_019b0412-59fc-7a2d-a410-7133a4d665aa_terseLabel_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Earnings/(Loss) Attributable to Owners of Company</link:label>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock_label_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Loss attributable to owners of company [Table Text Block]</link:label>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock_documentation_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Earnings Loss attributable to owners of company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:to="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_019b0412-5969-73a2-866b-487f97efe301_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest paid</link:label>
    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest paid, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceBasedRSUMember_019b0412-5969-7229-abc0-df5130cd3f31_terseLabel_en-US" xlink:label="lab_ptv_PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance based RSU</link:label>
    <link:label id="lab_ptv_PerformanceBasedRSUMember_label_en-US" xlink:label="lab_ptv_PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance based RSU [Member]</link:label>
    <link:label id="lab_ptv_PerformanceBasedRSUMember_documentation_en-US" xlink:label="lab_ptv_PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance based RSU</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceBasedRSUMember" xlink:href="ptv-20251231.xsd#ptv_PerformanceBasedRSUMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceBasedRSUMember" xlink:to="lab_ptv_PerformanceBasedRSUMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable_019b0412-5b34-716f-b7e9-9811911fc0da_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesTable"/>
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    <link:label id="lab_ptv_LaboratoryAndManufacturingEquipmentMember_019b0412-5aaf-7b72-827e-8dd576c0a03b_terseLabel_en-US" xlink:label="lab_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Laboratory and manufacturing equipment</link:label>
    <link:label id="lab_ptv_LaboratoryAndManufacturingEquipmentMember_label_en-US" xlink:label="lab_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Laboratory and Manufacturing Equipment [Member]</link:label>
    <link:label id="lab_ptv_LaboratoryAndManufacturingEquipmentMember_documentation_en-US" xlink:label="lab_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Laboratory and Manufacturing Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:href="ptv-20251231.xsd#ptv_LaboratoryAndManufacturingEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:to="lab_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_019b0412-5aaf-71b2-9588-0b9dcc1b1cdb_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Segments</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for segment reporting [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CancellationOfDebtIncomePercentages_019d91e5-7f1c-7da1-ae02-6fe0e729d414_negatedLabel_en-US" xlink:label="lab_ptv_CancellationOfDebtIncomePercentages" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cancellation of Debt Income</link:label>
    <link:label id="lab_ptv_CancellationOfDebtIncomePercentages_label_en-US" xlink:label="lab_ptv_CancellationOfDebtIncomePercentages" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cancellation of Debt Income Percentages</link:label>
    <link:label id="lab_ptv_CancellationOfDebtIncomePercentages_documentation_en-US" xlink:label="lab_ptv_CancellationOfDebtIncomePercentages" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cancellation of Debt Income Percentages</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CancellationOfDebtIncomePercentages" xlink:href="ptv-20251231.xsd#ptv_CancellationOfDebtIncomePercentages"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CancellationOfDebtIncomePercentages" xlink:to="lab_ptv_CancellationOfDebtIncomePercentages" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities_019b0412-59fc-7868-97a7-4d15d9f73138_negatedTerseLabel_en-US" xlink:label="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investment in convertible notes from associates</link:label>
    <link:label id="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Of Convertible Notes And Warrants From Associates, Classified As Investing Activities</link:label>
    <link:label id="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities_documentation_en-US" xlink:label="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Of Convertible Notes And Warrants From Associates, Classified As Investing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:href="ptv-20251231.xsd#ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:to="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_019b0412-5aaf-7e83-986c-be1481914cdd_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasAxis" xlink:to="lab_ifrs-full_GeographicalAreasAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_019b0412-5969-7e3d-b098-1e32229b0d89_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investment in preferred shares held at fair value</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of interests in associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInterestsInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfInterestsInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfInterestsInAssociates" xlink:to="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_019b0412-5969-7b21-ba14-e37ab26dc15a_verboseLabel_en-US" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other financial assets</link:label>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_019c2873-a7b4-78b9-af9d-eac00425fab2_terseLabel_en-US" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestrictedCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RestrictedCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid_019b0412-5969-7408-878c-013dbb7a91cb_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issued and fully paid (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares issued and fully paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesIssuedAndFullyPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:to="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary_019b0412-5b34-78c7-8639-6f8ca1281913_negatedTerseLabel_en-US" xlink:label="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Expiration of share options in subsidiary</link:label>
    <link:label id="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary_label_en-US" xlink:label="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease In Non-controlling From Expiration Of Share Options In Subsidiary</link:label>
    <link:label id="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary_documentation_en-US" xlink:label="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Decrease In Non-controlling From Expiration Of Share Options In Subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:href="ptv-20251231.xsd#ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:to="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_019b0412-5968-722c-b24e-826cc27fe9e5_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, non-current</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_019b0412-5968-72c5-ba92-05f48a5923b7_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term portion of lease liability</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLeaseLiabilities" xlink:to="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementAbstract_label_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Abstract]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementAbstract_documentation_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:href="ptv-20251231.xsd#ptv_CapitalAndFinancialRiskManagementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:to="lab_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_019b0412-59fc-77da-b3e2-35b8f79ac801_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Revenue</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of revenue from contracts with customers [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NotLaterThan10YearsMember_019b0412-5aaf-70e3-a0ed-63e39b7dddd1_terseLabel_en-US" xlink:label="lab_ptv_NotLaterThan10YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Within 10 years</link:label>
    <link:label id="lab_ptv_NotLaterThan10YearsMember_label_en-US" xlink:label="lab_ptv_NotLaterThan10YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not later than 10 years [Member]</link:label>
    <link:label id="lab_ptv_NotLaterThan10YearsMember_documentation_en-US" xlink:label="lab_ptv_NotLaterThan10YearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Not later than 10 years</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NotLaterThan10YearsMember" xlink:href="ptv-20251231.xsd#ptv_NotLaterThan10YearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NotLaterThan10YearsMember" xlink:to="lab_ptv_NotLaterThan10YearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_019b0412-5aaf-7c10-a939-aa3f2aa7be23_terseLabel_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Common stock</link:label>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_label_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding" xlink:to="lab_dei_EntityCommonStockSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_019b0412-59fd-7ca9-8d55-aeea1fb73dfa_periodStartLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_019b0412-59fd-7df2-97e9-5c708a16eb44_periodEndLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_019b0412-59fd-71e1-9191-762b6b4ea7d7_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_019b0412-5aaf-7d0b-ad96-3990315449df_terseLabel_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction</link:label>
    <link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_label_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFinStmtErrorCorrectionFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:to="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AkiliInteractiveLabsMember_019b0412-5969-707e-9486-1b9d2a65dc29_verboseLabel_en-US" xlink:label="lab_ptv_AkiliInteractiveLabsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Akili Interactive Labs, Inc.</link:label>
    <link:label id="lab_ptv_AkiliInteractiveLabsMember_label_en-US" xlink:label="lab_ptv_AkiliInteractiveLabsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Akili Interactive Labs [Member]</link:label>
    <link:label id="lab_ptv_AkiliInteractiveLabsMember_documentation_en-US" xlink:label="lab_ptv_AkiliInteractiveLabsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Akili Interactive Labs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AkiliInteractiveLabsMember" xlink:href="ptv-20251231.xsd#ptv_AkiliInteractiveLabsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AkiliInteractiveLabsMember" xlink:to="lab_ptv_AkiliInteractiveLabsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsDomain_019b0412-5968-7ba2-8fa2-197ddba16b40_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments</link:label>
    <link:label id="lab_ifrs-full_SegmentsDomain_label_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsDomain" xlink:to="lab_ifrs-full_SegmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock_019b0412-5968-73ec-89cc-f072749d4239_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Subsidiary Preferred Shares, Minimum Liquidation Preference</link:label>
    <link:label id="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Minimum liquidation preference [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary of Minimum liquidation preference</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:to="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019b0412-59fc-7711-bed8-f32f59a08639_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019b0412-59fc-752c-8522-43812b7ab2da_periodStartLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at beginning of year</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019b0412-59fc-7751-9d2f-bcc9135268a2_periodEndLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at end of year</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019b0412-59fc-785d-9dae-a134b8ae75e5_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents" xlink:to="lab_ifrs-full_CashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock_019b0412-5969-7086-b126-ca5c2966817b_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Investments in Associates</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary Of Investments In Associates [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary Of Investments In Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_SummaryOfInvestmentsInAssociatesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:to="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalIncomeTaxTypeMember_019b0412-59fc-7f6c-bae2-297df66ff2fb_terseLabel_en-US" xlink:label="lab_ptv_TotalIncomeTaxTypeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Income Tax Type</link:label>
    <link:label id="lab_ptv_TotalIncomeTaxTypeMember_label_en-US" xlink:label="lab_ptv_TotalIncomeTaxTypeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Income Tax Type [Member]</link:label>
    <link:label id="lab_ptv_TotalIncomeTaxTypeMember_documentation_en-US" xlink:label="lab_ptv_TotalIncomeTaxTypeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Income Tax Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TotalIncomeTaxTypeMember" xlink:href="ptv-20251231.xsd#ptv_TotalIncomeTaxTypeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TotalIncomeTaxTypeMember" xlink:to="lab_ptv_TotalIncomeTaxTypeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechLYT100Member_019b0412-5aaf-7f81-a329-e948c8fb9b8a_verboseLabel_en-US" xlink:label="lab_ptv_PureTechLYT100Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech LYT 100, Inc.</link:label>
    <link:label id="lab_ptv_PureTechLYT100Member_label_en-US" xlink:label="lab_ptv_PureTechLYT100Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech LYT - 100 [Member]</link:label>
    <link:label id="lab_ptv_PureTechLYT100Member_documentation_en-US" xlink:label="lab_ptv_PureTechLYT100Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech LYT - 100</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechLYT100Member" xlink:href="ptv-20251231.xsd#ptv_PureTechLYT100Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechLYT100Member" xlink:to="lab_ptv_PureTechLYT100Member" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentInformationTable_019b0412-5968-77da-a8b4-f0207ff9b5b6_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document and Entity Information [Table]</link:label>
    <link:label id="lab_dei_DocumentInformationTable_label_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationTable" xlink:to="lab_dei_DocumentInformationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfSharesAcquiredFixedPrice_019b0412-59fc-733c-b212-7a688b7fe192_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredFixedPrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed price</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquiredFixedPrice_label_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredFixedPrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired, Fixed Price</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquiredFixedPrice_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredFixedPrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired, Fixed Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesAcquiredFixedPrice" xlink:href="ptv-20251231.xsd#ptv_NumberOfSharesAcquiredFixedPrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesAcquiredFixedPrice" xlink:to="lab_ptv_NumberOfSharesAcquiredFixedPrice" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_019b0412-59fc-7da2-8794-bc07ade083a3_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Translation reserve</link:label>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_label_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of exchange differences on translation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_019b0412-5aaf-762d-9858-1a674a123581_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Parties Transactions</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of transactions between related parties [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_019b0412-5aaf-7f67-8c50-f0539de5b947_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity and liabilities</link:label>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_label_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="lab_ifrs-full_EquityAndLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_country_US_019b0412-5aaf-78c0-bcba-3a8bac14a5e2_terseLabel_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">US</link:label>
    <link:label id="lab_country_US_label_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED STATES</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_US" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_US" xlink:to="lab_country_US" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentAbstract_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentLineItems_019b0412-5969-7beb-bc64-757d06abfc45_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payment [Line Items]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentLineItems_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment [Line Items]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentLineItems_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentLineItems" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentLineItems" xlink:to="lab_ptv_ShareBasedPaymentLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedArrangementRollForward_019b0412-5968-718b-87b7-e04b4093531b_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedArrangementRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Shares/Units</link:label>
    <link:label id="lab_ptv_ShareBasedArrangementRollForward_label_en-US" xlink:label="lab_ptv_ShareBasedArrangementRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Arrangement [Roll Forward]</link:label>
    <link:label id="lab_ptv_ShareBasedArrangementRollForward_documentation_en-US" xlink:label="lab_ptv_ShareBasedArrangementRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedArrangementRollForward" xlink:href="ptv-20251231.xsd#ptv_ShareBasedArrangementRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedArrangementRollForward" xlink:to="lab_ptv_ShareBasedArrangementRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss_019c9824-da5c-7c3e-95c0-a9acb8d822e7_periodStartLabel_en-US" xlink:label="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss_019c9824-f45a-7da4-b4a5-9e17161ef202_periodEndLabel_en-US" xlink:label="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss_label_en-US" xlink:label="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current Financial Assets At Fair Value Through Profit Or Loss, Before Allocation Of Equity Method Loss</link:label>
    <link:label id="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss_documentation_en-US" xlink:label="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-current Financial Assets At Fair Value Through Profit Or Loss, Before Allocation Of Equity Method Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:href="ptv-20251231.xsd#ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:to="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_019b0412-5aaf-708b-9aef-70361a7b3913_terseLabel_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on change in fair value of equity investments</link:label>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_label_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (Losses) On Change In Fair Value Of Equity Investments</link:label>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_documentation_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gains (Losses) On Change In Fair Value Of Equity Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:href="ptv-20251231.xsd#ptv_GainsLossesOnChangeInFairValueOfEquityInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:to="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesTable_019b0412-59fd-7069-97f7-46a7cf43ce3d_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Table]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesTable_label_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Table]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesTable_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInformationOfEmployeesTable" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfInformationOfEmployeesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInformationOfEmployeesTable" xlink:to="lab_ptv_DisclosureOfInformationOfEmployeesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CommitmentsAndContingenciesLineItems_019b0412-5aaf-7daa-8459-46216292771a_terseLabel_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies [Line Items]</link:label>
    <link:label id="lab_ptv_CommitmentsAndContingenciesLineItems_label_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies [Line Items]</link:label>
    <link:label id="lab_ptv_CommitmentsAndContingenciesLineItems_documentation_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommitmentsAndContingenciesLineItems" xlink:href="ptv-20251231.xsd#ptv_CommitmentsAndContingenciesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CommitmentsAndContingenciesLineItems" xlink:to="lab_ptv_CommitmentsAndContingenciesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfSharesAcquired_019b0412-5969-75d2-a08e-2bba386ba1a2_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares acquired</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquired_label_en-US" xlink:label="lab_ptv_NumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquired_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesAcquired" xlink:href="ptv-20251231.xsd#ptv_NumberOfSharesAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesAcquired" xlink:to="lab_ptv_NumberOfSharesAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory_019b0412-59fc-7a25-96da-a51aec5c6e93_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Range of Exercise Prices of Outstanding Share Options</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AllSubsidiariesMember_019b0412-5aaf-7ee9-b4ce-f746926c1562_terseLabel_en-US" xlink:label="lab_ptv_AllSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All Subsidiaries</link:label>
    <link:label id="lab_ptv_AllSubsidiariesMember_label_en-US" xlink:label="lab_ptv_AllSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All Subsidiaries [Member]</link:label>
    <link:label id="lab_ptv_AllSubsidiariesMember_documentation_en-US" xlink:label="lab_ptv_AllSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">All Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AllSubsidiariesMember" xlink:href="ptv-20251231.xsd#ptv_AllSubsidiariesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AllSubsidiariesMember" xlink:to="lab_ptv_AllSubsidiariesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationExpense_019b0412-5968-7721-8c6c-a73bbf5cc12c_verboseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_ifrs-full_DepreciationExpense_label_en-US" xlink:label="lab_ifrs-full_DepreciationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationExpense" xlink:to="lab_ifrs-full_DepreciationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased_019b0412-5968-7ac7-9f6b-6dbaf793aa22_terseLabel_en-US" xlink:label="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value of shares authorized to be repurchased</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased_label_en-US" xlink:label="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Shares Authorized to be Repurchased</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased_documentation_en-US" xlink:label="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Shares Authorized to be Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:href="ptv-20251231.xsd#ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:to="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentsForFinanceCostsIncome_019b0412-5968-7a1c-a5c7-2e36accce0f9_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForFinanceCostsIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance (income)/costs, net</link:label>
    <link:label id="lab_ptv_AdjustmentsForFinanceCostsIncome_label_en-US" xlink:label="lab_ptv_AdjustmentsForFinanceCostsIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Finance Costs (Income)</link:label>
    <link:label id="lab_ptv_AdjustmentsForFinanceCostsIncome_documentation_en-US" xlink:label="lab_ptv_AdjustmentsForFinanceCostsIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Finance Costs (Income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsForFinanceCostsIncome" xlink:href="ptv-20251231.xsd#ptv_AdjustmentsForFinanceCostsIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentsForFinanceCostsIncome" xlink:to="lab_ptv_AdjustmentsForFinanceCostsIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_019b0412-59fd-7c95-9082-6e375d7f84e6_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Expired During the Year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options expired in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_019b0412-5aaf-7ba2-b849-12d4d4479384_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltyIncomeRate_019d25d3-cfae-7208-af5f-4fb0edd8f30f_terseLabel_en-US" xlink:label="lab_ptv_RoyaltyIncomeRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Royalty rate</link:label>
    <link:label id="lab_ptv_RoyaltyIncomeRate_label_en-US" xlink:label="lab_ptv_RoyaltyIncomeRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Income, Rate</link:label>
    <link:label id="lab_ptv_RoyaltyIncomeRate_documentation_en-US" xlink:label="lab_ptv_RoyaltyIncomeRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalty Income, Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltyIncomeRate" xlink:href="ptv-20251231.xsd#ptv_RoyaltyIncomeRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltyIncomeRate" xlink:to="lab_ptv_RoyaltyIncomeRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleNotesRollForward_019b0412-5b34-74ab-9879-63edb934f6e7_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Notes [Roll Forward]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesRollForward_label_en-US" xlink:label="lab_ptv_ConvertibleNotesRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Notes [Roll Forward]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesRollForward_documentation_en-US" xlink:label="lab_ptv_ConvertibleNotesRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNotesRollForward" xlink:href="ptv-20251231.xsd#ptv_ConvertibleNotesRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNotesRollForward" xlink:to="lab_ptv_ConvertibleNotesRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_019b0412-5969-79f4-b46c-a945df9a30ac_terseLabel_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Useful life measured as period of time, property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Useful life measured as period of time, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_019b0412-5969-7178-9294-7a2d5af492a4_terseLabel_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on investments in notes from associates</link:label>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_019b0412-5969-772d-9a97-b6967e7dac93_negatedLabel_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Loss on investments in notes from associates</link:label>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_label_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Investment In Notes Receivable From Associates</link:label>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_documentation_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Investment In Notes Receivable From Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:href="ptv-20251231.xsd#ptv_GainLossOnInvestmentInNotesReceivableFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:to="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards_019b0412-59fc-7be9-a281-32594223110e_terseLabel_en-US" xlink:label="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for share-based awards, short-term</link:label>
    <link:label id="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards_label_en-US" xlink:label="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other payables, liability settled share based awards</link:label>
    <link:label id="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards_documentation_en-US" xlink:label="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other payables, liability settled share based awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:href="ptv-20251231.xsd#ptv_OtherPayablesLiabilitySettledShareBasedAwards"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:to="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CorporateLoansMember_019b0412-5aaf-7912-8f71-eda7bbcc1652_terseLabel_en-US" xlink:label="lab_ifrs-full_CorporateLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Money Markets</link:label>
    <link:label id="lab_ifrs-full_CorporateLoansMember_label_en-US" xlink:label="lab_ifrs-full_CorporateLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans to corporate entities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CorporateLoansMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CorporateLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CorporateLoansMember" xlink:to="lab_ifrs-full_CorporateLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_019b0412-5aaf-7e06-8694-e0c7816a13ab_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through other changes, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_019b0412-5aaf-7779-958b-386cc4f587bf_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">More than five years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExpiringAxis_019b0412-5aaf-712a-bf56-053eee25ac4a_terseLabel_en-US" xlink:label="lab_ptv_ExpiringAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expiring [Axis]</link:label>
    <link:label id="lab_ptv_ExpiringAxis_label_en-US" xlink:label="lab_ptv_ExpiringAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expiring [Axis]</link:label>
    <link:label id="lab_ptv_ExpiringAxis_documentation_en-US" xlink:label="lab_ptv_ExpiringAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expiring</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExpiringAxis" xlink:href="ptv-20251231.xsd#ptv_ExpiringAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExpiringAxis" xlink:to="lab_ptv_ExpiringAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsDomain_019b0412-5969-7f12-8788-cae12101d2f8_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets, class</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory_019b0412-59fd-7f09-bb8a-03f612899893_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of intangible assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_019b0412-5b34-7fe8-8754-bd769017944f_terseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 3 of fair value hierarchy</link:label>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_019b0412-5b34-7460-9c74-020e318cc00b_verboseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Level 3</link:label>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 3 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_019b0412-5aaf-7087-8d55-0b9d05c23db3_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense on lease liability</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_019b0412-5aaf-7401-a1f5-6ea51dce830b_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:to="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherPayables_019b0412-59fd-7a72-8c54-a147e69d27b1_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherPayables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherPayables" xlink:to="lab_ifrs-full_TradeAndOtherPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UnobservableInputsAxis_019b0412-59fd-7106-8512-274833f885b1_terseLabel_en-US" xlink:label="lab_ifrs-full_UnobservableInputsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unobservable inputs [axis]</link:label>
    <link:label id="lab_ifrs-full_UnobservableInputsAxis_label_en-US" xlink:label="lab_ifrs-full_UnobservableInputsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unobservable inputs [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnobservableInputsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnobservableInputsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsAxis" xlink:to="lab_ifrs-full_UnobservableInputsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorName_019b0412-5969-7110-94a3-f6cad37bb092_terseLabel_en-US" xlink:label="lab_dei_AuditorName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor Name</link:label>
    <link:label id="lab_dei_AuditorName_label_en-US" xlink:label="lab_dei_AuditorName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorName" xlink:to="lab_dei_AuditorName" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock_019b0412-59fd-7419-8965-df660abbcdd2_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Property and Equipment, Net</link:label>
    <link:label id="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Property &amp; Equipment net [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Property &amp; Equipment net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_ScheduleOfPropertyEquipmentNetTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:to="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentConsolidationItemsDomain_019b0412-5968-7503-b1c5-0fc55bda337d_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity's total for segment consolidation items</link:label>
    <link:label id="lab_ifrs-full_SegmentConsolidationItemsDomain_label_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment consolidation items [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentConsolidationItemsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentConsolidationItemsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentConsolidationItemsDomain" xlink:to="lab_ifrs-full_SegmentConsolidationItemsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems_019b0412-5aaf-7be8-8d38-f7a95de7ef8b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:to="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechHealthMember_019b0412-5aaf-7f54-b301-68856833c9a7_verboseLabel_en-US" xlink:label="lab_ptv_PureTechHealthMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech Health LLC</link:label>
    <link:label id="lab_ptv_PureTechHealthMember_019b0412-5aaf-7243-a93b-6b6ba4fe04d3_terseLabel_en-US" xlink:label="lab_ptv_PureTechHealthMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PureTech Health LLC</link:label>
    <link:label id="lab_ptv_PureTechHealthMember_label_en-US" xlink:label="lab_ptv_PureTechHealthMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech Health [Member]</link:label>
    <link:label id="lab_ptv_PureTechHealthMember_documentation_en-US" xlink:label="lab_ptv_PureTechHealthMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech Health</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechHealthMember" xlink:href="ptv-20251231.xsd#ptv_PureTechHealthMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechHealthMember" xlink:to="lab_ptv_PureTechHealthMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock_019b0412-59fd-7e1a-b29c-da13c2d90b02_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in the Value of Subsidiary Preferred Shares</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock_label_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Table Text Block]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:to="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfVotesPerOrdinaryShare_019b0412-5aaf-79e8-859c-fd73a30fddb2_terseLabel_en-US" xlink:label="lab_ptv_NumberOfVotesPerOrdinaryShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of votes per ordinary share</link:label>
    <link:label id="lab_ptv_NumberOfVotesPerOrdinaryShare_label_en-US" xlink:label="lab_ptv_NumberOfVotesPerOrdinaryShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Votes Per Ordinary Share</link:label>
    <link:label id="lab_ptv_NumberOfVotesPerOrdinaryShare_documentation_en-US" xlink:label="lab_ptv_NumberOfVotesPerOrdinaryShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Votes Per Ordinary Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfVotesPerOrdinaryShare" xlink:href="ptv-20251231.xsd#ptv_NumberOfVotesPerOrdinaryShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfVotesPerOrdinaryShare" xlink:to="lab_ptv_NumberOfVotesPerOrdinaryShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyDomain_019b0412-5aaf-7c58-8e92-cf9018170d2f_terseLabel_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Domain]</link:label>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyDomain_label_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Domain]</link:label>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyDomain_documentation_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessOrSourcingCompanyDomain" xlink:href="ptv-20251231.xsd#ptv_BusinessOrSourcingCompanyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BusinessOrSourcingCompanyDomain" xlink:to="lab_ptv_BusinessOrSourcingCompanyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LiquidityRiskTable_019b0412-5aaf-7fff-9cfe-cc66bb337c87_terseLabel_en-US" xlink:label="lab_ptv_LiquidityRiskTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Table]</link:label>
    <link:label id="lab_ptv_LiquidityRiskTable_label_en-US" xlink:label="lab_ptv_LiquidityRiskTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Table]</link:label>
    <link:label id="lab_ptv_LiquidityRiskTable_documentation_en-US" xlink:label="lab_ptv_LiquidityRiskTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LiquidityRiskTable" xlink:href="ptv-20251231.xsd#ptv_LiquidityRiskTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LiquidityRiskTable" xlink:to="lab_ptv_LiquidityRiskTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted_019b0412-59fc-757c-b9bb-b165b5396402_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected term (in years)</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Option life, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfOptionLifeShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:to="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementTable_019b0412-5969-7bfa-ab64-98e35ea627b8_terseLabel_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Table]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementTable_label_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Table]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementTable_documentation_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalAndFinancialRiskManagementTable" xlink:href="ptv-20251231.xsd#ptv_CapitalAndFinancialRiskManagementTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalAndFinancialRiskManagementTable" xlink:to="lab_ptv_CapitalAndFinancialRiskManagementTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_019b0412-59fd-7057-becd-0dc8ff4b27e0_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) operating activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_019b0412-59fd-75da-8585-9895c7b00f47_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Forfeited (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments forfeited in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_019b0412-59fc-76b6-a922-5291b13aada7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:to="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilitiesAbstract_019b0412-59fc-7978-a5b2-236041609dff_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOfEquityMethodInvestment_019d261b-b28b-7681-aa16-4ac333aef050_negatedTerseLabel_en-US" xlink:label="lab_ptv_GainLossOfEquityMethodInvestment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Loss of equity method investment</link:label>
    <link:label id="lab_ptv_GainLossOfEquityMethodInvestment_label_en-US" xlink:label="lab_ptv_GainLossOfEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) of Equity Method Investment</link:label>
    <link:label id="lab_ptv_GainLossOfEquityMethodInvestment_documentation_en-US" xlink:label="lab_ptv_GainLossOfEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) of Equity Method Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOfEquityMethodInvestment" xlink:href="ptv-20251231.xsd#ptv_GainLossOfEquityMethodInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossOfEquityMethodInvestment" xlink:to="lab_ptv_GainLossOfEquityMethodInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityDomain_019b0412-59fd-7e37-9afd-e9a589f53296_terseLabel_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:label id="lab_dei_EntityDomain_label_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain" xlink:to="lab_dei_EntityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_019b0412-59fd-776b-a7fa-d4f89d2874dd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of share-based payment arrangements [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingLineItems_019b0412-5aaf-72aa-95af-2c8d372cd6be_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Options Outstanding [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingLineItems_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Options Outstanding [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingLineItems_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Options Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageOptionsOutstandingLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:to="lab_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalYearFocus_019b0412-59fc-7e89-8c0f-d4a909789829_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalYearFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus" xlink:to="lab_dei_DocumentFiscalYearFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011_019b0412-5aaf-7f9a-8a1d-2d4994aaaf43_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for share-based awards</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities from share-based payment transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_019b0412-59fc-70c2-916f-893fb801a1b3_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile income/(loss) for the period to net cash used in operating activities:</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile profit (loss) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember_019b0412-5aaf-7430-9a0b-2b109f84c371_terseLabel_en-US" xlink:label="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalized research &amp; development expenditures</link:label>
    <link:label id="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember_label_en-US" xlink:label="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalized Research And Experimental Expenditures [Member]</link:label>
    <link:label id="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember_documentation_en-US" xlink:label="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capitalized Research And Experimental Expenditures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:href="ptv-20251231.xsd#ptv_CapitalizedResearchAndExperimentalExpendituresMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:to="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill_019b0412-5aaf-7e30-b0c3-29deb2229025_terseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiary</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) From Adjustment To Loss Of Control Of Subsidiary, Intangible Assets Other Than Goodwill</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) From Adjustment To Loss Of Control Of Subsidiary, Intangible Assets Other Than Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:href="ptv-20251231.xsd#ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement_019b0412-5aaf-7fbd-853b-63ae7b0ad911_negatedTerseLabel_en-US" xlink:label="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Forfeited and expired (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Share Options Forfeited And Expired In Share-Based Payment Arrangement</link:label>
    <link:label id="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Share Options Forfeited And Expired In Share-Based Payment Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:href="ptv-20251231.xsd#ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:to="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TradeAndOtherPayablesMember_019b0412-5968-7bfb-8eeb-567fb79a4a39_terseLabel_en-US" xlink:label="lab_ptv_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:label id="lab_ptv_TradeAndOtherPayablesMember_label_en-US" xlink:label="lab_ptv_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other payables [Member]</link:label>
    <link:label id="lab_ptv_TradeAndOtherPayablesMember_documentation_en-US" xlink:label="lab_ptv_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TradeAndOtherPayablesMember" xlink:href="ptv-20251231.xsd#ptv_TradeAndOtherPayablesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TradeAndOtherPayablesMember" xlink:to="lab_ptv_TradeAndOtherPayablesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentSoldPricePerShare_019b0412-5969-72ce-ac70-54ad1a339e03_terseLabel_en-US" xlink:label="lab_ptv_InvestmentSoldPricePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock sold, price per share (usd per share)</link:label>
    <link:label id="lab_ptv_InvestmentSoldPricePerShare_label_en-US" xlink:label="lab_ptv_InvestmentSoldPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Sold, Price Per Share</link:label>
    <link:label id="lab_ptv_InvestmentSoldPricePerShare_documentation_en-US" xlink:label="lab_ptv_InvestmentSoldPricePerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment, Sold, Price Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentSoldPricePerShare" xlink:href="ptv-20251231.xsd#ptv_InvestmentSoldPricePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentSoldPricePerShare" xlink:to="lab_ptv_InvestmentSoldPricePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentFinancialLiabilities_019b0412-5aaf-7e03-9ee5-133b3663d91f_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary notes payable</link:label>
    <link:label id="lab_ifrs-full_CurrentFinancialLiabilities_019b0412-5aaf-74af-b94d-200e94d7c6d9_periodStartLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ifrs-full_CurrentFinancialLiabilities_019b0412-5aaf-7cfa-9b51-252b5074e575_periodEndLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ifrs-full_CurrentFinancialLiabilities_019b0412-5aaf-723e-8d1a-4abacfb78e3d_netLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Current financial liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentFinancialLiabilities" xlink:to="lab_ifrs-full_CurrentFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable_019b0412-5b34-7b7b-94a3-526a5d5dba90_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:to="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeaportVedantaAndSondeMember_019b0412-59fc-76b7-86b1-f11d0455088b_terseLabel_en-US" xlink:label="lab_ptv_SeaportVedantaAndSondeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Seaport, Vedanta And Sonde</link:label>
    <link:label id="lab_ptv_SeaportVedantaAndSondeMember_label_en-US" xlink:label="lab_ptv_SeaportVedantaAndSondeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seaport, Vedanta And Sonde [Member]</link:label>
    <link:label id="lab_ptv_SeaportVedantaAndSondeMember_documentation_en-US" xlink:label="lab_ptv_SeaportVedantaAndSondeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Seaport, Vedanta And Sonde</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeaportVedantaAndSondeMember" xlink:href="ptv-20251231.xsd#ptv_SeaportVedantaAndSondeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeaportVedantaAndSondeMember" xlink:to="lab_ptv_SeaportVedantaAndSondeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseTableTextBlock_019b0412-5aaf-73be-aa3e-a71ee121adce_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Share-Based Payment Expense as Reflected in the Consolidated Statement of Income/(Loss)</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseTableTextBlock_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Table [Text Block]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Table</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentExpenseTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:to="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_019b0412-5969-7c73-b05a-5bd046024562_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share based Payment expenses, non-deductible, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based Payment expenses, non-deductible, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFinancialAssets_019b0412-5969-7bb7-834b-56940c4adf7a_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Sonde convertible note</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseInFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfProvisionsAxis_019d2b6b-a69a-7572-ac77-39b5e808be7b_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfProvisionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of other provisions [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfProvisionsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfProvisionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of other provisions [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfProvisionsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfProvisionsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfProvisionsAxis" xlink:to="lab_ifrs-full_ClassesOfProvisionsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis_019b0412-5aaf-7808-94b8-1193c22c1276_terseLabel_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods [Axis]</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis_label_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods [Axis]</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis_documentation_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:href="ptv-20251231.xsd#ptv_OperatingLossCarryforwardsExpirationPeriodsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:to="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock_019b0412-5aaf-7b66-894e-a6365262d296_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Going Concern</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Going Concern [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Going Concern</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:href="ptv-20251231.xsd#ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MilestonePaymentReceived_019b0412-59fd-7b48-b74b-189680ce2da4_terseLabel_en-US" xlink:label="lab_ptv_MilestonePaymentReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Milestone payment recieved</link:label>
    <link:label id="lab_ptv_MilestonePaymentReceived_label_en-US" xlink:label="lab_ptv_MilestonePaymentReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Milestone Payment Received</link:label>
    <link:label id="lab_ptv_MilestonePaymentReceived_documentation_en-US" xlink:label="lab_ptv_MilestonePaymentReceived" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Milestone Payment Received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MilestonePaymentReceived" xlink:href="ptv-20251231.xsd#ptv_MilestonePaymentReceived"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MilestonePaymentReceived" xlink:to="lab_ptv_MilestonePaymentReceived" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LeaseholdImprovementsMember_019b0412-5aaf-77ab-8a51-3cccacf1da03_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseholdImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leasehold improvements</link:label>
    <link:label id="lab_ifrs-full_LeaseholdImprovementsMember_label_en-US" xlink:label="lab_ifrs-full_LeaseholdImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leasehold improvements [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseholdImprovementsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseholdImprovementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseholdImprovementsMember" xlink:to="lab_ifrs-full_LeaseholdImprovementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_019b0412-5969-7fb1-a60a-7cabfe1fa39c_verboseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">New Standards and Interpretations</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of expected impact of initial application of new standards or interpretations [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:to="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable_019b0412-5aaf-7bbd-9ef6-f60f148f7f09_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Policies - Property and Equipment [Table]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable_label_en-US" xlink:label="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies - Property and Equipment [Table]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable_documentation_en-US" xlink:label="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accounting Policies - Property and Equipment [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:href="ptv-20251231.xsd#ptv_AccountingPoliciesPropertyAndEquipmentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:to="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RevenueTable_019b0412-5aaf-7b37-b0d7-8b170b377d31_terseLabel_en-US" xlink:label="lab_ptv_RevenueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue [Table]</link:label>
    <link:label id="lab_ptv_RevenueTable_label_en-US" xlink:label="lab_ptv_RevenueTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue [Table]</link:label>
    <link:label id="lab_ptv_RevenueTable_documentation_en-US" xlink:label="lab_ptv_RevenueTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RevenueTable" xlink:href="ptv-20251231.xsd#ptv_RevenueTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RevenueTable" xlink:to="lab_ptv_RevenueTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate_019b0412-59fd-7f88-b9d9-1437c71b6d38_terseLabel_en-US" xlink:label="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Worthless stock deduction</link:label>
    <link:label id="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Rate Effect Of Stock Deduction, Reconciliation Of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Rate Effect Of Stock Deduction, Reconciliation Of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeaportTherapeuticsMember_019b0412-5aaf-773c-9c92-3a30240a56bb_terseLabel_en-US" xlink:label="lab_ptv_SeaportTherapeuticsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Seaport Therapeutics (Common)</link:label>
    <link:label id="lab_ptv_SeaportTherapeuticsMember_label_en-US" xlink:label="lab_ptv_SeaportTherapeuticsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seaport Therapeutics [Member]</link:label>
    <link:label id="lab_ptv_SeaportTherapeuticsMember_documentation_en-US" xlink:label="lab_ptv_SeaportTherapeuticsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Seaport Therapeutics</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeaportTherapeuticsMember" xlink:href="ptv-20251231.xsd#ptv_SeaportTherapeuticsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeaportTherapeuticsMember" xlink:to="lab_ptv_SeaportTherapeuticsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased_019b0412-59fc-7be9-9df5-495662d3a51a_terseLabel_en-US" xlink:label="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregated number of shares repurchased under share repurchase program (in shares)</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased_label_en-US" xlink:label="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Aggregated Number Of Shares Repurchased</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased_documentation_en-US" xlink:label="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Aggregated Number Of Shares Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:href="ptv-20251231.xsd#ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:to="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EntregaMember_019b0412-59fd-7b86-aac1-d753ebe3782c_verboseLabel_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Entrega, Inc. (indirectly held through Enlight)</link:label>
    <link:label id="lab_ptv_EntregaMember_019b0412-59fd-7a93-8493-7333b7898854_terseLabel_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entrega</link:label>
    <link:label id="lab_ptv_EntregaMember_label_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entrega [Member]</link:label>
    <link:label id="lab_ptv_EntregaMember_documentation_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Entrega</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EntregaMember" xlink:href="ptv-20251231.xsd#ptv_EntregaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EntregaMember" xlink:to="lab_ptv_EntregaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock_019b0412-5968-704f-bdac-8895bdfdceeb_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in Assets, Level 3 Fair Value, Investments Held at Fair Value</link:label>
    <link:label id="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of changes in assets, level 3 fair value - investments held at fair value [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of changes in assets, level 3 fair value - investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:to="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock_019b0412-5b34-7a47-8391-62349b8fb3c2_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Subsidiary Share-Based Payments</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Share-based Payment Plans [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Share-based Payment Plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:to="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_019b0412-59fc-7f5d-9dd3-9e8c7c04aca3_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade payables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current trade payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:to="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_019b0412-59fc-79c8-b002-8ebddb7adc06_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Key management personnel compensation</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_019b0412-59fc-7f34-b4a6-f3cd06ae7e0d_totalLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod_019c2712-6ca5-76c4-ace7-7a0cfa4eced8_terseLabel_en-US" xlink:label="lab_ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expiry for equity settlement period</link:label>
    <link:label id="lab_ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod_label_en-US" xlink:label="lab_ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Stock Ownership Plan (ESOP), Expiration Period</link:label>
    <link:label id="lab_ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod_documentation_en-US" xlink:label="lab_ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Employee Stock Ownership Plan (ESOP), Expiration Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod" xlink:href="ptv-20251231.xsd#ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod" xlink:to="lab_ptv_EmployeeStockOwnershipPlanESOPExpirationPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VedantaBiosciencesSecuritiesCorpMember_019b0412-5aaf-7346-9544-95ebffad8503_verboseLabel_en-US" xlink:label="lab_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences Securities Corp. (indirectly held through Vedanta)</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesSecuritiesCorpMember_label_en-US" xlink:label="lab_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences Securities Corp [Member]</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesSecuritiesCorpMember_documentation_en-US" xlink:label="lab_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences Securities Corp</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:href="ptv-20251231.xsd#ptv_VedantaBiosciencesSecuritiesCorpMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:to="lab_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LossesOnDisposalsOfInvestments_019b0412-5aaf-75e3-a25a-24014a98c15d_terseLabel_en-US" xlink:label="lab_ifrs-full_LossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Realized gain/(loss) on sale of investments</link:label>
    <link:label id="lab_ifrs-full_LossesOnDisposalsOfInvestments_label_en-US" xlink:label="lab_ifrs-full_LossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Losses on disposals of investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LossesOnDisposalsOfInvestments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LossesOnDisposalsOfInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LossesOnDisposalsOfInvestments" xlink:to="lab_ifrs-full_LossesOnDisposalsOfInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_019b0412-5aaf-7047-8d8a-8711384418a1_terseLabel_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common</link:label>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_label_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ordinary shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OrdinarySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OrdinarySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OrdinarySharesMember" xlink:to="lab_ifrs-full_OrdinarySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTradeReceivables_019b0412-5968-7ac4-a030-b5f3a571fb38_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other receivables</link:label>
    <link:label id="lab_ifrs-full_CurrentTradeReceivables_label_en-US" xlink:label="lab_ifrs-full_CurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current trade receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTradeReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTradeReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTradeReceivables" xlink:to="lab_ifrs-full_CurrentTradeReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_019b0412-5aaf-7232-bdbc-b6f423a3de71_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effect of dilutive shares (in shares)</link:label>
    <link:label id="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_label_en-US" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dilutive effect of share options on weighted average number of ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract_019b0412-5b34-74aa-bcc5-3b0d384fc9e5_terseLabel_en-US" xlink:label="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities:</link:label>
    <link:label id="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities [Abstract]</link:label>
    <link:label id="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract_documentation_en-US" xlink:label="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:href="ptv-20251231.xsd#ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:to="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory_019b0412-59fc-7193-b3f7-b388d6176bc9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Auditors' Remuneration</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of auditors' remuneration [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAuditorsRemunerationExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_019b0412-5968-7302-a296-42cf59d3c992_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings/(Loss) per Share</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of earnings per share [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEarningsPerShareExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_019b0412-59fd-7021-9846-e3852cdef5dd_verboseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cost</link:label>
    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_019b0412-59fd-7e44-87f6-a713ebd3f537_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross carrying amount [member]</link:label>
    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross carrying amount [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossCarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossCarryingAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossCarryingAmountMember" xlink:to="lab_ifrs-full_GrossCarryingAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_019b0412-5aaf-7fe1-898d-801493a2046e_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_019b0412-5aaf-7019-a99a-3d130b94d698_totalLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total trade and other payables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other current payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentPayables" xlink:to="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ApplicableTaxRate_019b0412-5969-778e-86db-86b1c26c7731_terseLabel_en-US" xlink:label="lab_ifrs-full_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">US federal statutory rate</link:label>
    <link:label id="lab_ifrs-full_ApplicableTaxRate_label_en-US" xlink:label="lab_ifrs-full_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Applicable tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ApplicableTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ApplicableTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ApplicableTaxRate" xlink:to="lab_ifrs-full_ApplicableTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccrualsClassifiedAsCurrent_019b0412-5968-7656-9d14-069ae2482ea2_terseLabel_en-US" xlink:label="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued expenses</link:label>
    <link:label id="lab_ifrs-full_AccrualsClassifiedAsCurrent_label_en-US" xlink:label="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accruals classified as current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccrualsClassifiedAsCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccrualsClassifiedAsCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccrualsClassifiedAsCurrent" xlink:to="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech_019b0412-5968-76da-a58d-b6c45bf83e35_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issued by investee (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech_label_en-US" xlink:label="lab_ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares issued by investee held by PureTech</link:label>
    <link:label id="lab_ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares issued by investee held by PureTech</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech" xlink:href="ptv-20251231.xsd#ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech" xlink:to="lab_ptv_NumberOfSharesIssuedByInvesteeHeldByPureTech" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfSharesAmount_019b0412-5aaf-7bf0-a586-96f643ba3300_negatedTerseLabel_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase and cancellation of ordinary shares from Tender Offer</link:label>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfSharesAmount_label_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase And Cancellation Of Shares, Amount</link:label>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfSharesAmount_documentation_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repurchase And Cancellation Of Shares, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:href="ptv-20251231.xsd#ptv_RepurchaseAndCancellationOfSharesAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:to="lab_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_019b0412-5aaf-7d94-bb63-bd58db8ed986_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PayoffOfPrincipalInterest_019b0412-5aaf-7bef-b4ad-fac8b2f3431c_terseLabel_en-US" xlink:label="lab_ptv_PayoffOfPrincipalInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forgiveness of debt &#8211; entity dissolution &#8211; finance income</link:label>
    <link:label id="lab_ptv_PayoffOfPrincipalInterest_label_en-US" xlink:label="lab_ptv_PayoffOfPrincipalInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payoff of Principal &amp; Interest</link:label>
    <link:label id="lab_ptv_PayoffOfPrincipalInterest_documentation_en-US" xlink:label="lab_ptv_PayoffOfPrincipalInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payoff of Principal &amp; Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PayoffOfPrincipalInterest" xlink:href="ptv-20251231.xsd#ptv_PayoffOfPrincipalInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PayoffOfPrincipalInterest" xlink:to="lab_ptv_PayoffOfPrincipalInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssuingShares_019b0412-5968-70b2-bb97-b1a26a69007d_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from the issuance of shares and subsidiary preferred shares</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssuingShares_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issuing shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssuingShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssuingShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssuingShares" xlink:to="lab_ifrs-full_ProceedsFromIssuingShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_019b0412-5968-734c-a7d2-aec768d2d697_terseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less than one year</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotLaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotLaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember" xlink:to="lab_ifrs-full_NotLaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_019b0412-5968-73cf-86ce-aafe3ee006fe_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Key Management Personnel Compensation</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of amounts incurred by entity for provision of key management personnel services provided by separate management entities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AuditorsRemuneration_019b0412-59fd-790e-93a9-d0ee27f3a050_totalLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ifrs-full_AuditorsRemuneration_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor's remuneration</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemuneration" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AuditorsRemuneration"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AuditorsRemuneration" xlink:to="lab_ifrs-full_AuditorsRemuneration" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty_019b0412-5969-75b5-ae7d-872d2213200d_terseLabel_en-US" xlink:label="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual threshold, amount</link:label>
    <link:label id="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty_label_en-US" xlink:label="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Agreement, Annual Threshold Royalty Payment Made To Counterparty</link:label>
    <link:label id="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty_documentation_en-US" xlink:label="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalty Agreement, Annual Threshold Royalty Payment Made To Counterparty</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:href="ptv-20251231.xsd#ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:to="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_019b0412-5969-770f-9da5-c860c8765248_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property and equipment, net</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_019b0412-59fd-7bc2-9e9e-36cc6565f90b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_019b0412-5b34-7223-80af-d5849c8bf0dc_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property and Equipment</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for property, plant and equipment [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_019b0412-59fc-7028-ac40-a8fd05657641_terseLabel_en-US" xlink:label="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment, Name [Axis]</link:label>
    <link:label id="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_label_en-US" xlink:label="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Name [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock_019b0412-5b34-7a18-8016-aeca5fcb0265_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments Held at Fair Value</link:label>
    <link:label id="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Investments Held at Fair Value [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Investments Held at Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:to="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_019b0412-5968-735b-ad33-e871742337a1_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payment of lease liability</link:label>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_019b0412-5968-7a86-84d9-35b13f72c9a4_negatedLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid for rent - principal - financing cash flow</link:label>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of lease liabilities, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityVoluntaryFilers_019b0412-5aaf-749e-bb99-85d15abefef3_terseLabel_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:label id="lab_dei_EntityVoluntaryFilers_label_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityVoluntaryFilers" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityVoluntaryFilers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityVoluntaryFilers" xlink:to="lab_dei_EntityVoluntaryFilers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_019d6859-cb86-75f9-b797-8ec79d55fbe4_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized equity method losses</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for undistributed profits of investments accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PreferredShareLiability_019b0412-5969-77ec-8037-e4806dcc352c_terseLabel_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred share liability</link:label>
    <link:label id="lab_ptv_PreferredShareLiability_019b0412-5969-793e-a95f-a0461c8ae0e7_periodStartLabel_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ptv_PreferredShareLiability_019b0412-5969-771c-b835-374bc9d36bc5_periodEndLabel_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ptv_PreferredShareLiability_label_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Share Liability</link:label>
    <link:label id="lab_ptv_PreferredShareLiability_documentation_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred Share Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PreferredShareLiability" xlink:href="ptv-20251231.xsd#ptv_PreferredShareLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PreferredShareLiability" xlink:to="lab_ptv_PreferredShareLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AvailableIndefinitelyMember_019b0412-59fc-75ef-85e9-8f52cddb2b84_terseLabel_en-US" xlink:label="lab_ptv_AvailableIndefinitelyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available Indefinitely</link:label>
    <link:label id="lab_ptv_AvailableIndefinitelyMember_label_en-US" xlink:label="lab_ptv_AvailableIndefinitelyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available indefinitely [Member]</link:label>
    <link:label id="lab_ptv_AvailableIndefinitelyMember_documentation_en-US" xlink:label="lab_ptv_AvailableIndefinitelyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Available indefinitely</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AvailableIndefinitelyMember" xlink:href="ptv-20251231.xsd#ptv_AvailableIndefinitelyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AvailableIndefinitelyMember" xlink:to="lab_ptv_AvailableIndefinitelyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_019b0412-5aaf-7194-bb8a-9a44f8c0bb3f_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_019b0412-5b34-7950-a6b2-f0cc8fbfa45e_terseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic earnings/(loss) per share (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_019b0412-5b34-7b91-8347-22a4456f30a9_verboseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Basic earnings/(loss) per share (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BasicEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BasicEarningsLossPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsLossPerShare" xlink:to="lab_ifrs-full_BasicEarningsLossPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnEquityMethodInvestment_019b0412-5aaf-72e5-b2d6-efd4ff90032a_terseLabel_en-US" xlink:label="lab_ptv_GainLossOnEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity method loss recorded against LTI, net</link:label>
    <link:label id="lab_ptv_GainLossOnEquityMethodInvestment_label_en-US" xlink:label="lab_ptv_GainLossOnEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Equity Method Investment</link:label>
    <link:label id="lab_ptv_GainLossOnEquityMethodInvestment_documentation_en-US" xlink:label="lab_ptv_GainLossOnEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Equity Method Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnEquityMethodInvestment" xlink:href="ptv-20251231.xsd#ptv_GainLossOnEquityMethodInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossOnEquityMethodInvestment" xlink:to="lab_ptv_GainLossOnEquityMethodInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MeasurementAxis_019b0412-59fc-787d-8cb0-f97e77d632ed_terseLabel_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Measurement [axis]</link:label>
    <link:label id="lab_ifrs-full_MeasurementAxis_label_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementAxis" xlink:to="lab_ifrs-full_MeasurementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInterestsInSubsidiariesTable_019b0412-5968-756c-9b5c-e060872841da_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of interests in Subsidiaries [Table]</link:label>
    <link:label id="lab_ptv_DisclosureOfInterestsInSubsidiariesTable_label_en-US" xlink:label="lab_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interests in Subsidiaries [Table]</link:label>
    <link:label id="lab_ptv_DisclosureOfInterestsInSubsidiariesTable_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of interests in Subsidiaries [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfInterestsInSubsidiariesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:to="lab_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems_019b0412-5aaf-7f6c-990d-4d8afcb7b4bd_terseLabel_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards [Line Items]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems_label_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards [Line Items]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems_documentation_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:href="ptv-20251231.xsd#ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:to="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_019b0412-5aaf-7d6d-a93b-93913cd5be4c_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shareholders to calculate diluted earnings per share (in shares)</link:label>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares used in calculating diluted earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustedWeightedAverageShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:to="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer_019d8c8f-24c6-7b98-b617-1c743b03590b_negatedTerseLabel_en-US" xlink:label="lab_ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of ordinary shares from Tender Offer, including associated costs</link:label>
    <link:label id="lab_ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer_label_en-US" xlink:label="lab_ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment for repurchase of ordinary shares, tender offer</link:label>
    <link:label id="lab_ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer_documentation_en-US" xlink:label="lab_ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payment for repurchase of ordinary shares, tender offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer" xlink:href="ptv-20251231.xsd#ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer" xlink:to="lab_ptv_PaymentForRepurchaseOfOrdinarySharesTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AlivioMember_019b0412-5aaf-7e7a-9d1f-bdcc8d36f803_verboseLabel_en-US" xlink:label="lab_ptv_AlivioMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Alivio Therapeutics, Inc.</link:label>
    <link:label id="lab_ptv_AlivioMember_label_en-US" xlink:label="lab_ptv_AlivioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alivio [Member]</link:label>
    <link:label id="lab_ptv_AlivioMember_documentation_en-US" xlink:label="lab_ptv_AlivioMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Alivio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AlivioMember" xlink:href="ptv-20251231.xsd#ptv_AlivioMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AlivioMember" xlink:to="lab_ptv_AlivioMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromGroup_019b0412-5968-79a0-b0e4-ac67e6582ca6_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromGroup" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from group</link:label>
    <link:label id="lab_ptv_ProceedsFromGroup_label_en-US" xlink:label="lab_ptv_ProceedsFromGroup" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Group</link:label>
    <link:label id="lab_ptv_ProceedsFromGroup_documentation_en-US" xlink:label="lab_ptv_ProceedsFromGroup" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Group</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromGroup" xlink:href="ptv-20251231.xsd#ptv_ProceedsFromGroup"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromGroup" xlink:to="lab_ptv_ProceedsFromGroup" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_019b0412-5969-7e28-9d4d-a419fc518a57_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain_019c57a7-7121-735f-8f32-86cc0c9d6c28_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of intangible assets other than goodwill [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of intangible assets other than goodwill [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain" xlink:to="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_019b0412-5aaf-7e7f-9a7b-80492e4c126d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of associates [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of associates [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets_019b0412-5aaf-7aee-b1b1-669047c311b0_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, assets</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForSharebasedPayments_019b0412-5aaf-70ed-a9b3-569d5349dc46_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation expense</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForSharebasedPayments_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for share-based payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForSharebasedPayments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForSharebasedPayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_019b0412-5968-74f0-9df1-65248376beaf_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income/(costs) &#8211; fair value accounting</link:label>
    <link:label id="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income costs - fair value accounting, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance income costs - fair value accounting, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeniorManagersMember_019b0412-5aaf-75dc-b5bb-5a679c5c0b6b_terseLabel_en-US" xlink:label="lab_ptv_SeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Managers</link:label>
    <link:label id="lab_ptv_SeniorManagersMember_label_en-US" xlink:label="lab_ptv_SeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Managers [Member]</link:label>
    <link:label id="lab_ptv_SeniorManagersMember_documentation_en-US" xlink:label="lab_ptv_SeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Managers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeniorManagersMember" xlink:href="ptv-20251231.xsd#ptv_SeniorManagersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeniorManagersMember" xlink:to="lab_ptv_SeniorManagersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_019b0412-5aaf-796f-9a3c-3900eceea27b_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments in respect of developmental milestones</link:label>
    <link:label id="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_label_en-US" xlink:label="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimated financial effect of contingent liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimatedFinancialEffectOfContingentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:to="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock_019b0412-5aaf-7531-97f9-6a73b8aa234b_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Convertible Notes Outstanding</link:label>
    <link:label id="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Convertible Notes [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_ScheduleOfConvertibleNotesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:to="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_019b0412-5aaf-702d-b49e-2c6926db3e7c_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Associates</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for investment in associates [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_KnodeMember_019b0412-5aaf-7b60-87d1-f9e6a49984c2_verboseLabel_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Knode Inc. (indirectly held through Enlight)</link:label>
    <link:label id="lab_ptv_KnodeMember_019b0412-5aaf-76e0-bde3-7ef8e620671f_terseLabel_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Knode</link:label>
    <link:label id="lab_ptv_KnodeMember_label_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Knode [Member]</link:label>
    <link:label id="lab_ptv_KnodeMember_documentation_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Knode</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_KnodeMember" xlink:href="ptv-20251231.xsd#ptv_KnodeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_KnodeMember" xlink:to="lab_ptv_KnodeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AkiliMember_019b0412-5b34-7656-a984-a6f42c6fa559_terseLabel_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Akili</link:label>
    <link:label id="lab_ptv_AkiliMember_label_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Akili [Member]</link:label>
    <link:label id="lab_ptv_AkiliMember_documentation_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Akili</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AkiliMember" xlink:href="ptv-20251231.xsd#ptv_AkiliMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AkiliMember" xlink:to="lab_ptv_AkiliMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_019b0412-5968-7370-b9aa-9b0c84b90aac_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_019c2441-dddf-7a74-965c-5c2d93014afe_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derecognize carrying value of non-controlling interest</link:label>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests" xlink:to="lab_ifrs-full_NoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceOfWarrants_019b0412-5b34-76b0-b8e4-eb0326937250_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceOfWarrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise price of warrants (in usd per share)</link:label>
    <link:label id="lab_ptv_ExercisePriceOfWarrants_label_en-US" xlink:label="lab_ptv_ExercisePriceOfWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price of Warrants</link:label>
    <link:label id="lab_ptv_ExercisePriceOfWarrants_documentation_en-US" xlink:label="lab_ptv_ExercisePriceOfWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price of Warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceOfWarrants" xlink:href="ptv-20251231.xsd#ptv_ExercisePriceOfWarrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePriceOfWarrants" xlink:to="lab_ptv_ExercisePriceOfWarrants" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentConsolidationItemsAxis_019b0412-5aaf-7ef8-9a3d-c464f64dc764_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment consolidation items [axis]</link:label>
    <link:label id="lab_ifrs-full_SegmentConsolidationItemsAxis_label_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment consolidation items [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentConsolidationItemsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentConsolidationItemsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentConsolidationItemsAxis" xlink:to="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment_019c984c-2815-7cf4-9602-4039dc0ec3ec_periodStartLabel_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period before Equity method loss recorded against LTI</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment_019c984c-2815-79e5-bff2-90039d86522c_periodEndLabel_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period before Equity method loss recorded against LTI</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment_label_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, at fair value, before equity method investment</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment_documentation_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial assets, at fair value, before equity method investment loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment" xlink:href="ptv-20251231.xsd#ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment" xlink:to="lab_ptv_FinancialAssetsAtFairValueBeforeEquityMethodInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019_019b0412-5aaf-7821-8603-2fc20b694869_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of, options exercisable (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options exercisable in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:to="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_019b0412-5aaf-7680-8448-08b683fcbd25_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAbstract_019b0412-5aaf-71fa-9165-5fc6247cc166_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ifrs-full_EquityAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract" xlink:to="lab_ifrs-full_EquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeFourMember_019b0412-59fc-7421-8a72-a77a26a97d4a_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeFourMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">3.00 to 4.00</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeFourMember_label_en-US" xlink:label="lab_ptv_ExercisePriceRangeFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range Four [Member]</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeFourMember_documentation_en-US" xlink:label="lab_ptv_ExercisePriceRangeFourMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range Four [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeFourMember" xlink:href="ptv-20251231.xsd#ptv_ExercisePriceRangeFourMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePriceRangeFourMember" xlink:to="lab_ptv_ExercisePriceRangeFourMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_019b0412-5b34-7173-807d-08ad3da9bbc5_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:to="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromExerciseOfOptions_019b0412-5969-70d3-a2c5-67d837425f01_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise of stock options</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromExerciseOfOptions_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from exercise of options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromExerciseOfOptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromExerciseOfOptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromExerciseOfOptions" xlink:to="lab_ifrs-full_ProceedsFromExerciseOfOptions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets_019b0412-5968-7d2c-9f4a-783ad631cd18_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses and other financial assets</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for decrease (increase) in other current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsDomain_019b0412-5aaf-7607-80eb-dbbe4d3bd58d_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options</link:label>
    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsDomain_label_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsDomain" xlink:to="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LoanMember_019b0412-5969-7819-b82d-64fbadfcafc6_terseLabel_en-US" xlink:label="lab_ptv_LoanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans</link:label>
    <link:label id="lab_ptv_LoanMember_label_en-US" xlink:label="lab_ptv_LoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan [Member]</link:label>
    <link:label id="lab_ptv_LoanMember_documentation_en-US" xlink:label="lab_ptv_LoanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LoanMember" xlink:href="ptv-20251231.xsd#ptv_LoanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LoanMember" xlink:to="lab_ptv_LoanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidationGain_019b0412-5969-7953-86d7-dca7c10d5050_terseLabel_en-US" xlink:label="lab_ptv_DeconsolidationGain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation gain</link:label>
    <link:label id="lab_ptv_DeconsolidationGain_label_en-US" xlink:label="lab_ptv_DeconsolidationGain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidation Gain</link:label>
    <link:label id="lab_ptv_DeconsolidationGain_documentation_en-US" xlink:label="lab_ptv_DeconsolidationGain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidation Gain</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidationGain" xlink:href="ptv-20251231.xsd#ptv_DeconsolidationGain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidationGain" xlink:to="lab_ptv_DeconsolidationGain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccruedInterestConvertibleNotes_019b0412-5b34-784c-a8ce-82d62fab4ab6_terseLabel_en-US" xlink:label="lab_ptv_AccruedInterestConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest on convertible notes - finance costs</link:label>
    <link:label id="lab_ptv_AccruedInterestConvertibleNotes_label_en-US" xlink:label="lab_ptv_AccruedInterestConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued interest, Convertible Notes</link:label>
    <link:label id="lab_ptv_AccruedInterestConvertibleNotes_documentation_en-US" xlink:label="lab_ptv_AccruedInterestConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accrued interest, Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccruedInterestConvertibleNotes" xlink:href="ptv-20251231.xsd#ptv_AccruedInterestConvertibleNotes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccruedInterestConvertibleNotes" xlink:to="lab_ptv_AccruedInterestConvertibleNotes" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger_019b0412-5aaf-78fb-9b44-b37a90e7229d_terseLabel_en-US" xlink:label="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible note, percentage of equity price trigger</link:label>
    <link:label id="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger_label_en-US" xlink:label="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Percentage Of Equity Price Trigger</link:label>
    <link:label id="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger_documentation_en-US" xlink:label="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Percentage Of Equity Price Trigger</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:href="ptv-20251231.xsd#ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:to="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OwnershipInterest_019b0412-5aaf-711e-852e-dd83c6935acf_terseLabel_en-US" xlink:label="lab_ptv_OwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ownership interest</link:label>
    <link:label id="lab_ptv_OwnershipInterest_label_en-US" xlink:label="lab_ptv_OwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ownership Interest</link:label>
    <link:label id="lab_ptv_OwnershipInterest_documentation_en-US" xlink:label="lab_ptv_OwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ownership Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OwnershipInterest" xlink:href="ptv-20251231.xsd#ptv_OwnershipInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OwnershipInterest" xlink:to="lab_ptv_OwnershipInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_019b0412-5968-7cfe-88c3-ed393f9e7cdd_terseLabel_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_label_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_IcfrAuditorAttestationFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_IcfrAuditorAttestationFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_IcfrAuditorAttestationFlag" xlink:to="lab_dei_IcfrAuditorAttestationFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements_019cd757-aba3-78be-a34b-fb493306cdd7_negatedTerseLabel_en-US" xlink:label="lab_ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payments of withholding taxes in connection with stock-based awards</link:label>
    <link:label id="lab_ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements_label_en-US" xlink:label="lab_ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments Of Withholding Taxes In Connection With Share-Based Payment Arrangements</link:label>
    <link:label id="lab_ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements_documentation_en-US" xlink:label="lab_ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments Of Withholding Taxes In Connection With Share-Based Payment Arrangements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements" xlink:href="ptv-20251231.xsd#ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements" xlink:to="lab_ptv_PaymentsOfWithholdingTaxesInConnectionWithShareBasedPaymentArrangements" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueRollForward_019b0412-59fc-7746-9ba8-aa53b077e838_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Grant Date Fair Value (GBP) (*)</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueRollForward_label_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Grant Date Fair Value [Roll Forward]</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueRollForward_documentation_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageGrantDateFairValueRollForward" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageGrantDateFairValueRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageGrantDateFairValueRollForward" xlink:to="lab_ptv_WeightedAverageGrantDateFairValueRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashOutflowForLeases_019b0412-5aaf-7653-b8e8-9e7eeefd055c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CashOutflowForLeases" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Cash paid for rent - interest - operating cash flow</link:label>
    <link:label id="lab_ifrs-full_CashOutflowForLeases_label_en-US" xlink:label="lab_ifrs-full_CashOutflowForLeases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash outflow for leases</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashOutflowForLeases" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashOutflowForLeases"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashOutflowForLeases" xlink:to="lab_ifrs-full_CashOutflowForLeases" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing_019b0412-59fd-7de6-a9b7-2ca3fe9dd1e6_terseLabel_en-US" xlink:label="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of business days following the consummation of a qualified financing</link:label>
    <link:label id="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing_label_en-US" xlink:label="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Receivables Due From Associates, Term, Number Of Business Days Following The Consummation Of A Qualified Financing</link:label>
    <link:label id="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing_documentation_en-US" xlink:label="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Receivables Due From Associates, Term, Number Of Business Days Following The Consummation Of A Qualified Financing</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:href="ptv-20251231.xsd#ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:to="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfOperatingExpenseTextBlock_019b0412-59fc-74cf-84df-29e61127e457_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfOperatingExpenseTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Expenses</link:label>
    <link:label id="lab_ptv_DisclosureOfOperatingExpenseTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfOperatingExpenseTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Operating Expense [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfOperatingExpenseTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfOperatingExpenseTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Operating Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfOperatingExpenseTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfOperatingExpenseTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfOperatingExpenseTextBlock" xlink:to="lab_ptv_DisclosureOfOperatingExpenseTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorFirmId_019b0412-5968-72c7-ad6a-fd70ce7617c6_terseLabel_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor Firm ID</link:label>
    <link:label id="lab_dei_AuditorFirmId_label_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Firm ID</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorFirmId" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorFirmId"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorFirmId" xlink:to="lab_dei_AuditorFirmId" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_019b0412-59fd-7d20-8d79-a4de25dce5e1_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Post-employment benefits</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, post-employment benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits"/>
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    <link:label id="lab_ptv_RelatedPartyTransactionsLineItems_019b0412-5aaf-7cb9-97ee-16500fefd966_terseLabel_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related party transactions [Line Items]</link:label>
    <link:label id="lab_ptv_RelatedPartyTransactionsLineItems_label_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related party transactions [Line Items]</link:label>
    <link:label id="lab_ptv_RelatedPartyTransactionsLineItems_documentation_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related party transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RelatedPartyTransactionsLineItems" xlink:href="ptv-20251231.xsd#ptv_RelatedPartyTransactionsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RelatedPartyTransactionsLineItems" xlink:to="lab_ptv_RelatedPartyTransactionsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromIssueOfConvertibleNotes_019b0412-5aaf-7ec2-ba97-38556dc10e4f_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issue of convertible notes</link:label>
    <link:label id="lab_ptv_ProceedsFromIssueOfConvertibleNotes_label_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issue of convertible notes</link:label>
    <link:label id="lab_ptv_ProceedsFromIssueOfConvertibleNotes_documentation_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from issue of convertible notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:href="ptv-20251231.xsd#ptv_ProceedsFromIssueOfConvertibleNotes"/>
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    <link:label id="lab_ifrs-full_SharePremiumMember_019b0412-59fc-73ff-8a2e-d25e9d50fcca_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share premium</link:label>
    <link:label id="lab_ifrs-full_SharePremiumMember_label_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share premium [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremiumMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SharePremiumMember"/>
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    <link:label id="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates_019b0412-5aaf-7141-bd71-0f55d79c6d46_negatedTerseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">(Gain)/loss on investments in notes from associates</link:label>
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    <link:label id="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates_documentation_en-US" xlink:label="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Gains (Losses) On Change In Fair Value Of Note Receivable Due From Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:href="ptv-20251231.xsd#ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates"/>
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    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable_019b0412-5969-7318-9ddf-06954de58e6b_terseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Table]</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable_label_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Table]</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable_documentation_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:href="ptv-20251231.xsd#ptv_DeferredTaxAssetsAndLiabilitiesTable"/>
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    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory_019b0412-5969-76b8-9939-e2dc2e733ace_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Disaggregation of Revenue from Contracts with Customers</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory"/>
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    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_019b0412-5aaf-75fc-b645-012a8cb4ff1c_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Owners of the Group</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income, attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
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    <link:label id="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate_019b0412-59fc-7591-b2bc-2437f205ec96_terseLabel_en-US" xlink:label="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Worthless stock deduction</link:label>
    <link:label id="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Deduction, Reconciliation Of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Deduction, Reconciliation Of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_StockDeductionReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherResearchAndDevelopmentExpenses_019b0412-5aaf-795e-8017-4a0ae32c7021_terseLabel_en-US" xlink:label="lab_ptv_OtherResearchAndDevelopmentExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other research and development expenses</link:label>
    <link:label id="lab_ptv_OtherResearchAndDevelopmentExpenses_label_en-US" xlink:label="lab_ptv_OtherResearchAndDevelopmentExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Research And Development Expenses</link:label>
    <link:label id="lab_ptv_OtherResearchAndDevelopmentExpenses_documentation_en-US" xlink:label="lab_ptv_OtherResearchAndDevelopmentExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Research And Development Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherResearchAndDevelopmentExpenses" xlink:href="ptv-20251231.xsd#ptv_OtherResearchAndDevelopmentExpenses"/>
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    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost_019c232f-2cb6-715e-9743-cf46474f12cf_terseLabel_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in preferred shares</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost_label_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Investments, Gain (Loss) Recognised Through Profit (Loss) When Control Of Subsidiary Is Lost</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost_documentation_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Investments, Gain (Loss) Recognised Through Profit (Loss) When Control Of Subsidiary Is Lost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:href="ptv-20251231.xsd#ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:to="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Liabilities_019b0412-5968-758f-b941-f701a3d5286c_totalLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_label_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Liabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities" xlink:to="lab_ifrs-full_Liabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_019b0412-5968-7c23-a9d8-afbc0ef1bfad_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other tax rate effects for reconciliation between accounting profit and tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_019b0412-59fc-763c-aa0d-fc269caccca1_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Grant Revenue</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for government grants [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants"/>
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    <link:label id="lab_ptv_DrJohnLaMattinaMember_019b0412-59fc-78a9-92e2-7f5ed28d6163_terseLabel_en-US" xlink:label="lab_ptv_DrJohnLaMattinaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dr John LaMattina</link:label>
    <link:label id="lab_ptv_DrJohnLaMattinaMember_label_en-US" xlink:label="lab_ptv_DrJohnLaMattinaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dr John LaMattina [Member]</link:label>
    <link:label id="lab_ptv_DrJohnLaMattinaMember_documentation_en-US" xlink:label="lab_ptv_DrJohnLaMattinaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dr John LaMattina</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrJohnLaMattinaMember" xlink:href="ptv-20251231.xsd#ptv_DrJohnLaMattinaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrJohnLaMattinaMember" xlink:to="lab_ptv_DrJohnLaMattinaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock_019b0412-5aaf-7170-badd-26ee8f3dba52_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Unrecognized Tax Losses and Tax Credits Carryforwards</link:label>
    <link:label id="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of unrecognized tax losses and tax credits, deferred tax assets [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of unrecognized tax losses and tax credits, deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock"/>
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    <link:label id="lab_ifrs-full_GainsOnDisposalsOfInvestments_019b0412-5aaf-7ad9-9604-802379b5c12a_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain realized on sale of Karuna shares</link:label>
    <link:label id="lab_ifrs-full_GainsOnDisposalsOfInvestments_019d2612-04ef-7ea8-8af5-ff92bf37f249_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gains on disposals of investments</link:label>
    <link:label id="lab_ifrs-full_GainsOnDisposalsOfInvestments_label_en-US" xlink:label="lab_ifrs-full_GainsOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains on disposals of investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsOnDisposalsOfInvestments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsOnDisposalsOfInvestments"/>
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    <link:label id="lab_ptv_DrEricElenkoMember_019b0412-5aaf-7080-84dd-d556e567f942_terseLabel_en-US" xlink:label="lab_ptv_DrEricElenkoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eric Elenko</link:label>
    <link:label id="lab_ptv_DrEricElenkoMember_label_en-US" xlink:label="lab_ptv_DrEricElenkoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dr Eric Elenko [Member]</link:label>
    <link:label id="lab_ptv_DrEricElenkoMember_documentation_en-US" xlink:label="lab_ptv_DrEricElenkoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dr Eric Elenko</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrEricElenkoMember" xlink:href="ptv-20251231.xsd#ptv_DrEricElenkoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrEricElenkoMember" xlink:to="lab_ptv_DrEricElenkoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromInvestors_019b0412-5aaf-7038-9bdd-5b7d4c5cb881_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromInvestors" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from investors</link:label>
    <link:label id="lab_ptv_ProceedsFromInvestors_label_en-US" xlink:label="lab_ptv_ProceedsFromInvestors" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Investors</link:label>
    <link:label id="lab_ptv_ProceedsFromInvestors_documentation_en-US" xlink:label="lab_ptv_ProceedsFromInvestors" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Investors</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromInvestors" xlink:href="ptv-20251231.xsd#ptv_ProceedsFromInvestors"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromInvestors" xlink:to="lab_ptv_ProceedsFromInvestors" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable_019b0412-5aaf-7ad2-aa03-3ccc46b1687e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of subsidiaries [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of subsidiaries [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UncertainTaxPositionMember_019d2b6b-decf-70d4-a5a5-19220dcab827_terseLabel_en-US" xlink:label="lab_ptv_UncertainTaxPositionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Uncertain Tax Position</link:label>
    <link:label id="lab_ptv_UncertainTaxPositionMember_label_en-US" xlink:label="lab_ptv_UncertainTaxPositionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Uncertain Tax Position [Member]</link:label>
    <link:label id="lab_ptv_UncertainTaxPositionMember_documentation_en-US" xlink:label="lab_ptv_UncertainTaxPositionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Uncertain Tax Position</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UncertainTaxPositionMember" xlink:href="ptv-20251231.xsd#ptv_UncertainTaxPositionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UncertainTaxPositionMember" xlink:to="lab_ptv_UncertainTaxPositionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxLiabilitiesCurrent_019b0412-5aaf-758a-b165-7f25f66980f4_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax liability, current</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxLiabilitiesCurrent_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax liabilities, current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:to="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares_019b0412-5aaf-768a-aa22-26320f1d4666_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of subsidiary preferred shares</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issue of preference shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssueOfPreferenceShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:to="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_019b0412-59fd-7e7d-b11d-36fc2a15287f_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible Assets</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for intangible assets other than goodwill [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_NoTradingSymbolFlag_019b0412-59fc-77b1-a904-9a8ff4c582b1_terseLabel_en-US" xlink:label="lab_dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">No Trading Symbol Flag</link:label>
    <link:label id="lab_dei_NoTradingSymbolFlag_label_en-US" xlink:label="lab_dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">No Trading Symbol Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_NoTradingSymbolFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_NoTradingSymbolFlag" xlink:to="lab_dei_NoTradingSymbolFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_019b0412-5969-73b4-91a6-b46524b3d727_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Fair Value Measurement and Classification</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory_019b0412-5aaf-739c-8440-e4da5ecda5c9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Financial Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FederalMember_019b0412-5aaf-7ae2-b23b-6255cf317b63_terseLabel_en-US" xlink:label="lab_ptv_FederalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Federal - current</link:label>
    <link:label id="lab_ptv_FederalMember_label_en-US" xlink:label="lab_ptv_FederalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Federal [Member]</link:label>
    <link:label id="lab_ptv_FederalMember_documentation_en-US" xlink:label="lab_ptv_FederalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Federal</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FederalMember" xlink:href="ptv-20251231.xsd#ptv_FederalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FederalMember" xlink:to="lab_ptv_FederalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LeaseLiabilitiesMember_019b0412-59fd-7611-bf2b-6fe2f7c87480_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilitiesMember_label_en-US" xlink:label="lab_ifrs-full_LeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease liabilities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseLiabilitiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilitiesMember" xlink:to="lab_ifrs-full_LeaseLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProportionOfOwnershipInterestInInvestee_019b0412-59fc-719c-8dc7-1fc00718bacc_terseLabel_en-US" xlink:label="lab_ptv_ProportionOfOwnershipInterestInInvestee" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in investee (as a percent)</link:label>
    <link:label id="lab_ptv_ProportionOfOwnershipInterestInInvestee_label_en-US" xlink:label="lab_ptv_ProportionOfOwnershipInterestInInvestee" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in investee</link:label>
    <link:label id="lab_ptv_ProportionOfOwnershipInterestInInvestee_documentation_en-US" xlink:label="lab_ptv_ProportionOfOwnershipInterestInInvestee" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in investee</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProportionOfOwnershipInterestInInvestee" xlink:href="ptv-20251231.xsd#ptv_ProportionOfOwnershipInterestInInvestee"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProportionOfOwnershipInterestInInvestee" xlink:to="lab_ptv_ProportionOfOwnershipInterestInInvestee" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InterestOnUndiscountedLeasePayments_019b0412-5969-7830-b6b7-ba83cd126da8_terseLabel_en-US" xlink:label="lab_ptv_InterestOnUndiscountedLeasePayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest</link:label>
    <link:label id="lab_ptv_InterestOnUndiscountedLeasePayments_label_en-US" xlink:label="lab_ptv_InterestOnUndiscountedLeasePayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest On Undiscounted Lease payments</link:label>
    <link:label id="lab_ptv_InterestOnUndiscountedLeasePayments_documentation_en-US" xlink:label="lab_ptv_InterestOnUndiscountedLeasePayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest On Undiscounted Lease payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InterestOnUndiscountedLeasePayments" xlink:href="ptv-20251231.xsd#ptv_InterestOnUndiscountedLeasePayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InterestOnUndiscountedLeasePayments" xlink:to="lab_ptv_InterestOnUndiscountedLeasePayments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries_019b0412-59fc-7f90-bebe-a434fa2ccb57_terseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NCI purchase price of restricted stock award</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through NCI exercise of share-based awards in Subsidiaries</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through NCI exercise of share-based awards in Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:href="ptv-20251231.xsd#ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:to="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FollicaMember_019b0412-59fd-784e-b026-2fa3f22d7aa9_verboseLabel_en-US" xlink:label="lab_ptv_FollicaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Follica, Incorporated</link:label>
    <link:label id="lab_ptv_FollicaMember_019b0412-59fd-735f-b6b3-8d7eccb49cf8_terseLabel_en-US" xlink:label="lab_ptv_FollicaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Follica</link:label>
    <link:label id="lab_ptv_FollicaMember_label_en-US" xlink:label="lab_ptv_FollicaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Follica [Member]</link:label>
    <link:label id="lab_ptv_FollicaMember_documentation_en-US" xlink:label="lab_ptv_FollicaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Follica</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FollicaMember" xlink:href="ptv-20251231.xsd#ptv_FollicaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FollicaMember" xlink:to="lab_ptv_FollicaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_019b0412-5aaf-779c-90b7-fe47ac1ff855_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Property and equipment, net</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment including right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_019b0412-5969-7fb1-8a9b-0ba443cdbaae_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_019b0412-5969-7845-9f57-545d537f5850_verboseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentReceivablesDueFromAssociates_019b0412-5aaf-7312-a1de-873b8ab97076_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in notes from associates, non-current</link:label>
    <link:label id="lab_ifrs-full_NoncurrentReceivablesDueFromAssociates_label_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current receivables due from associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentReceivablesDueFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:to="lab_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_019b0412-5968-7e48-94cf-8398c4e859d1_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total current income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxExpenseIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_019b0412-5968-73de-be7a-7b88d80be13a_terseLabel_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_label_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_019b0412-5aaf-7c99-9653-6ec6b0e8aa4b_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">One to Five Years</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year and not later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain_019b0412-59fd-7737-a531-b99e7cc5496c_terseLabel_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation techniques</link:label>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain_label_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:to="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TopOfRangeMember_019b0412-5aaf-744b-a98e-db891f3cef78_terseLabel_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Top of range</link:label>
    <link:label id="lab_ifrs-full_TopOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Top of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TopOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TopOfRangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TopOfRangeMember" xlink:to="lab_ifrs-full_TopOfRangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PaymentToPurchaseTreasuryStock_019b0412-5b34-75ab-9400-dd300c356ad0_negatedTerseLabel_en-US" xlink:label="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of treasury stock</link:label>
    <link:label id="lab_ptv_PaymentToPurchaseTreasuryStock_label_en-US" xlink:label="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment To Purchase Treasury Stock</link:label>
    <link:label id="lab_ptv_PaymentToPurchaseTreasuryStock_documentation_en-US" xlink:label="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payment To Purchase Treasury Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PaymentToPurchaseTreasuryStock" xlink:href="ptv-20251231.xsd#ptv_PaymentToPurchaseTreasuryStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PaymentToPurchaseTreasuryStock" xlink:to="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ParentCompanyAndOtherMember_019b0412-5968-7f8a-b7f3-1cabd855bfe4_verboseLabel_en-US" xlink:label="lab_ptv_ParentCompanyAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Parent Company and Other</link:label>
    <link:label id="lab_ptv_ParentCompanyAndOtherMember_label_en-US" xlink:label="lab_ptv_ParentCompanyAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Parent Company And Other [Member]</link:label>
    <link:label id="lab_ptv_ParentCompanyAndOtherMember_documentation_en-US" xlink:label="lab_ptv_ParentCompanyAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Parent Company And Other</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ParentCompanyAndOtherMember" xlink:href="ptv-20251231.xsd#ptv_ParentCompanyAndOtherMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ParentCompanyAndOtherMember" xlink:to="lab_ptv_ParentCompanyAndOtherMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod_019b0412-59fc-7dd1-a6f9-ecf83f22eeaf_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based awards expiration period</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod_label_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement By Share-based Payment Award, Expiration Period</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod_documentation_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement By Share-based Payment Award, Expiration Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:href="ptv-20251231.xsd#ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:to="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable_019b0412-5969-7552-aec2-2aa4b0b56eaa_netLabel_en-US" xlink:label="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Cash consideration</link:label>
    <link:label id="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable_label_en-US" xlink:label="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consideration Paid For Issuance Of Notes Receivable</link:label>
    <link:label id="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable_documentation_en-US" xlink:label="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Consideration Paid For Issuance Of Notes Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:href="ptv-20251231.xsd#ptv_ConsiderationPaidForIssuanceOfNotesReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:to="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_019b0412-5aaf-70a9-beff-736efc3a9168_negatedLabel_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Research and development expenses</link:label>
    <link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_019b0412-5aaf-70dc-90fd-5b611eecb448_terseLabel_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Research and development expenses</link:label>
    <link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_019b0412-5aaf-7078-b0d3-82103ceabd93_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Research and development expenses</link:label>
    <link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_019c26f8-7491-794b-858a-4d4e9ccd012b_verboseLabel_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Research and development</link:label>
    <link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_label_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Research and development expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ResearchAndDevelopmentExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ResearchAndDevelopmentExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ResearchAndDevelopmentExpense" xlink:to="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherNoncurrentAssets_019b0412-5969-796d-8fbf-0cc12adbec0b_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other non-current assets</link:label>
    <link:label id="lab_ifrs-full_OtherNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherNoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNoncurrentAssets" xlink:to="lab_ifrs-full_OtherNoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseContractualTermsAxis_019b0412-59fd-7c58-8f47-0aeeeb34408f_terseLabel_en-US" xlink:label="lab_ptv_LeaseContractualTermsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease Contractual Term [Axis]</link:label>
    <link:label id="lab_ptv_LeaseContractualTermsAxis_label_en-US" xlink:label="lab_ptv_LeaseContractualTermsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Contractual Terms [Axis]</link:label>
    <link:label id="lab_ptv_LeaseContractualTermsAxis_documentation_en-US" xlink:label="lab_ptv_LeaseContractualTermsAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Contractual Terms</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseContractualTermsAxis" xlink:href="ptv-20251231.xsd#ptv_LeaseContractualTermsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseContractualTermsAxis" xlink:to="lab_ptv_LeaseContractualTermsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxationAbstract_019b0412-5969-776a-85b8-661d02fc25c4_terseLabel_en-US" xlink:label="lab_ptv_TaxationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation [Abstract]</link:label>
    <link:label id="lab_ptv_TaxationAbstract_label_en-US" xlink:label="lab_ptv_TaxationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxation [Abstract]</link:label>
    <link:label id="lab_ptv_TaxationAbstract_documentation_en-US" xlink:label="lab_ptv_TaxationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taxation [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxationAbstract" xlink:href="ptv-20251231.xsd#ptv_TaxationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxationAbstract" xlink:to="lab_ptv_TaxationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_019b0412-5968-7e1f-b904-c92670b28fe9_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Three to four years</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three years and not later than four years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxEffectOfTaxLosses_019b0412-5968-7c89-8062-9fe00c14556a_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax asset</link:label>
    <link:label id="lab_ifrs-full_TaxEffectOfTaxLosses_label_en-US" xlink:label="lab_ifrs-full_TaxEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax effect of tax losses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxEffectOfTaxLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxEffectOfTaxLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxEffectOfTaxLosses" xlink:to="lab_ifrs-full_TaxEffectOfTaxLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase_019b0412-59fd-7006-8094-fb0db6499820_terseLabel_en-US" xlink:label="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional number of shares authorized to purchase (in shares)</link:label>
    <link:label id="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase_label_en-US" xlink:label="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional number of shares authorized to purchase</link:label>
    <link:label id="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase_documentation_en-US" xlink:label="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additional number of shares authorized to purchase</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:href="ptv-20251231.xsd#ptv_AdditionalNumberOfSharesAuthorizedToPurchase"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:to="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived_019b0412-5969-7563-8832-da9cdcaf83dc_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term loan (including current portion)</link:label>
    <link:label id="lab_ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived_label_en-US" xlink:label="lab_ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current portion of non-current loans received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived" xlink:to="lab_ifrs-full_NoncurrentPortionOfNoncurrentLoansReceived" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UnusedTaxCreditsMember_019b0412-5aaf-7a61-a5e2-8099d4e60827_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxCreditsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax credits</link:label>
    <link:label id="lab_ifrs-full_UnusedTaxCreditsMember_label_en-US" xlink:label="lab_ifrs-full_UnusedTaxCreditsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unused tax credits [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnusedTaxCreditsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnusedTaxCreditsMember"/>
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    <link:label id="lab_ptv_AuditRelatedAssuranceServices_019b0412-59fc-7913-a9f3-71e74e3baa05_terseLabel_en-US" xlink:label="lab_ptv_AuditRelatedAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audit-related assurance services</link:label>
    <link:label id="lab_ptv_AuditRelatedAssuranceServices_label_en-US" xlink:label="lab_ptv_AuditRelatedAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audit related assurance services</link:label>
    <link:label id="lab_ptv_AuditRelatedAssuranceServices_documentation_en-US" xlink:label="lab_ptv_AuditRelatedAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Audit related assurance services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditRelatedAssuranceServices" xlink:href="ptv-20251231.xsd#ptv_AuditRelatedAssuranceServices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditRelatedAssuranceServices" xlink:to="lab_ptv_AuditRelatedAssuranceServices" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MiscellaneousOtherOperatingExpense_019b0412-5968-7e1e-ae85-f35a8713d113_totalLabel_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other operating expenses</link:label>
    <link:label id="lab_ifrs-full_MiscellaneousOtherOperatingExpense_label_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Miscellaneous other operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingExpense"/>
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    <link:label id="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate_019b0412-59fd-7d81-b126-f644ebcba2ac_negatedTerseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Recognition of deferred tax assets and tax benefits not previously recognized</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets and benefits not previously recognised, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred tax assets and benefits not previously recognised, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn_019b0412-5968-781a-b56d-0e785372642f_terseLabel_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries in the Group consolidated state tax return</link:label>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn_label_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries in the Group consolidated state tax return</link:label>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn_documentation_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries in the Group consolidated state tax return</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:href="ptv-20251231.xsd#ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:to="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits_019b0412-5aaf-7e06-8fab-6b71085aad6a_verboseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Settlement of restricted stock units</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase decrease through settlement of restricted stock units</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase decrease through settlement of restricted stock units</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:href="ptv-20251231.xsd#ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:to="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxRateEffectOfTaxLosses_019b0412-5aaf-7849-b499-410059314c69_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax asset</link:label>
    <link:label id="lab_ifrs-full_TaxRateEffectOfTaxLosses_label_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax rate effect of tax losses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxRateEffectOfTaxLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxRateEffectOfTaxLosses"/>
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    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_019b0412-5969-735a-90ce-3d55abddf134_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
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    <link:label id="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock_019b0412-5969-7ca5-8a11-546bef49562d_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Fair Value Measurement Methods</link:label>
    <link:label id="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Fair Value Measurement Methods [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Fair Value Measurement Methods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock" xlink:to="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyAxis_019b0412-59fc-7265-b5e1-92935efd3550_terseLabel_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Axis]</link:label>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyAxis_label_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Axis]</link:label>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyAxis_documentation_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessOrSourcingCompanyAxis" xlink:href="ptv-20251231.xsd#ptv_BusinessOrSourcingCompanyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BusinessOrSourcingCompanyAxis" xlink:to="lab_ptv_BusinessOrSourcingCompanyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsByNameDomain_019b0412-59fc-7b1e-bce8-04c4de4fe95d_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings by name</link:label>
    <link:label id="lab_ifrs-full_BorrowingsByNameDomain_label_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings by name [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsByNameDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsByNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsByNameDomain" xlink:to="lab_ifrs-full_BorrowingsByNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueFromContractsWithCustomers_019b0412-59fd-7634-89ac-878c44f81f28_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contract revenue</link:label>
    <link:label id="lab_ifrs-full_RevenueFromContractsWithCustomers_label_en-US" xlink:label="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from contracts with customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromContractsWithCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromContractsWithCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromContractsWithCustomers" xlink:to="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_019b0412-5aaf-729f-9c98-818a09287b8b_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Functional and Presentation Currency</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for functional currency [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit_019b0412-5968-7cfb-a8c3-923345c73d1c_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of common shares redeemable from each RSU (in shares)</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit_label_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Common Shares Redeemed Per Restricted Share Unit</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit_documentation_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Common Shares Redeemed Per Restricted Share Unit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:href="ptv-20251231.xsd#ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:to="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_019b0412-5aaf-79c4-9a39-6181e76150ed_negatedLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilities" xlink:to="lab_ifrs-full_DeferredTaxLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss_019c983c-7c4e-7997-8563-536730f66b96_periodStartLabel_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period after Equity method loss recorded against LTI</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss_019c983c-ab23-75a9-99a4-a66b8d7e92f6_periodEndLabel_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period after Equity method loss recorded against LTI</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss_label_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Assets, At Fair Value, After Equity Method Investment loss</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss_documentation_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Assets, At Fair Value, After Equity Method Investment loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss" xlink:href="ptv-20251231.xsd#ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss" xlink:to="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestmentLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest_019b0412-59fc-7676-990a-3a2603b9bc22_terseLabel_en-US" xlink:label="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share in gain/(loss) of associates</link:label>
    <link:label id="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest_019d9819-1e18-7540-86be-7be82cd6066e_negatedTerseLabel_en-US" xlink:label="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Share of associate loss recorded against long-term interest</link:label>
    <link:label id="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest_label_en-US" xlink:label="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of associate loss recorded against long-term interest</link:label>
    <link:label id="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest_documentation_en-US" xlink:label="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share of associate loss recorded against long-term interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:href="ptv-20251231.xsd#ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:to="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_019b0412-59fc-702f-9551-3d44dd77c4a7_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income taxes paid</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income taxes paid (refund), classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_019b0412-5968-7bf8-ad4a-8695b1e22643_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other comprehensive income/(loss)</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_019b0412-5968-7901-919e-001538b20375_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income/(loss) for the year</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TreasurySharesMember_019b0412-5aaf-7c86-9007-2aa8c8d836d3_terseLabel_en-US" xlink:label="lab_ifrs-full_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Shares</link:label>
    <link:label id="lab_ifrs-full_TreasurySharesMember_label_en-US" xlink:label="lab_ifrs-full_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasurySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TreasurySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasurySharesMember" xlink:to="lab_ifrs-full_TreasurySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilityInitialTerm_019b0412-5969-73d9-a49a-fe634a598d08_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilityInitialTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, initial term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityInitialTerm_label_en-US" xlink:label="lab_ptv_LeaseLiabilityInitialTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Initial Term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityInitialTerm_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilityInitialTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Initial Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilityInitialTerm" xlink:href="ptv-20251231.xsd#ptv_LeaseLiabilityInitialTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilityInitialTerm" xlink:to="lab_ptv_LeaseLiabilityInitialTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_019d68c3-f3a4-788b-b96d-ba0ade162904_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Sub-total (net assets)/liabilities</link:label>
    <link:label id="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_label_en-US" xlink:label="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Identifiable assets acquired (liabilities assumed)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfVotingPowerHeldInAssociate_019d9819-dd09-7fd7-bb7b-55661a831ad8_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of voting rights held in associate</link:label>
    <link:label id="lab_ifrs-full_ProportionOfVotingPowerHeldInAssociate_label_en-US" xlink:label="lab_ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proportion of voting rights held in associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfVotingPowerHeldInAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:to="lab_ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_019b0412-5aaf-747d-8c88-d6f0702d348c_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net increase (decrease) in cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in cash and cash equivalents before effect of exchange rate changes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_019b0412-59fc-7057-bfb0-60dcdbf23da5_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueAbstract_label_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueAbstract_documentation_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueAbstract" xlink:href="ptv-20251231.xsd#ptv_InvestmentsHeldAtFairValueAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsHeldAtFairValueAbstract" xlink:to="lab_ptv_InvestmentsHeldAtFairValueAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_019b0412-5968-7968-bacc-4d74964217ad_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for depreciation and amortisation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:to="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpenseOnBorrowings_019b0412-5968-7372-adf2-4757bf6ca446_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnBorrowings" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense on other borrowings</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnBorrowings_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnBorrowings" xlink:to="lab_ifrs-full_InterestExpenseOnBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TalMember_019b0412-5aaf-7cc9-93e0-901150fb7579_verboseLabel_en-US" xlink:label="lab_ptv_TalMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Tal Medical, Inc.</link:label>
    <link:label id="lab_ptv_TalMember_label_en-US" xlink:label="lab_ptv_TalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tal [Member]</link:label>
    <link:label id="lab_ptv_TalMember_documentation_en-US" xlink:label="lab_ptv_TalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tal</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TalMember" xlink:href="ptv-20251231.xsd#ptv_TalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TalMember" xlink:to="lab_ptv_TalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOfEquityMethodInvestmentGroupShare_019d91eb-4f1f-7fd7-b3e4-72955c1e6169_negatedLabel_en-US" xlink:label="lab_ptv_GainLossOfEquityMethodInvestmentGroupShare" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Group's share of equity method losses</link:label>
    <link:label id="lab_ptv_GainLossOfEquityMethodInvestmentGroupShare_label_en-US" xlink:label="lab_ptv_GainLossOfEquityMethodInvestmentGroupShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) Of Equity Method Investment, Group Share</link:label>
    <link:label id="lab_ptv_GainLossOfEquityMethodInvestmentGroupShare_documentation_en-US" xlink:label="lab_ptv_GainLossOfEquityMethodInvestmentGroupShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) Of Equity Method Investment, Group Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOfEquityMethodInvestmentGroupShare" xlink:href="ptv-20251231.xsd#ptv_GainLossOfEquityMethodInvestmentGroupShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossOfEquityMethodInvestmentGroupShare" xlink:to="lab_ptv_GainLossOfEquityMethodInvestmentGroupShare" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_019b0412-59fc-7e2c-b86c-c7ef9f46fe61_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_019b0412-59fc-76e5-abed-a5577f54f57d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of subsidiaries [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of subsidiaries [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssueOfEquity_019b0412-5b34-7b30-a17c-c08973105daa_terseLabel_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of Seaport preferred shares &#8211; financing cash flow</link:label>
    <link:label id="lab_ifrs-full_IssueOfEquity_019b0412-5b34-7b80-9eb9-cad3688a9c89_verboseLabel_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Issuance of Seaport preferred shares &#8211; financing cash flow</link:label>
    <link:label id="lab_ifrs-full_IssueOfEquity_label_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issue of equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssueOfEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssueOfEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssueOfEquity" xlink:to="lab_ifrs-full_IssueOfEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentPreferredShareHeldAtFairValue_019b0412-59fc-7fc4-a8b6-c4cab634ce92_terseLabel_en-US" xlink:label="lab_ptv_InvestmentPreferredShareHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share held at fair value</link:label>
    <link:label id="lab_ptv_InvestmentPreferredShareHeldAtFairValue_label_en-US" xlink:label="lab_ptv_InvestmentPreferredShareHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Preferred Share held at Fair Value</link:label>
    <link:label id="lab_ptv_InvestmentPreferredShareHeldAtFairValue_documentation_en-US" xlink:label="lab_ptv_InvestmentPreferredShareHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment, Preferred Share held at Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentPreferredShareHeldAtFairValue" xlink:href="ptv-20251231.xsd#ptv_InvestmentPreferredShareHeldAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentPreferredShareHeldAtFairValue" xlink:to="lab_ptv_InvestmentPreferredShareHeldAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalSubsidiaryTypesMember_019b0412-59fd-7419-b2c7-8085cb5fbe0e_terseLabel_en-US" xlink:label="lab_ptv_TotalSubsidiaryTypesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Subsidiary Types</link:label>
    <link:label id="lab_ptv_TotalSubsidiaryTypesMember_label_en-US" xlink:label="lab_ptv_TotalSubsidiaryTypesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Subsidiary Types [Member]</link:label>
    <link:label id="lab_ptv_TotalSubsidiaryTypesMember_documentation_en-US" xlink:label="lab_ptv_TotalSubsidiaryTypesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Subsidiary Types</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TotalSubsidiaryTypesMember" xlink:href="ptv-20251231.xsd#ptv_TotalSubsidiaryTypesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TotalSubsidiaryTypesMember" xlink:to="lab_ptv_TotalSubsidiaryTypesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees_019b0412-5968-7f94-b7d4-8a4da49d40c1_terseLabel_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sublease annual fees</link:label>
    <link:label id="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees_label_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Sublease, Annual Lease Fees</link:label>
    <link:label id="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees_documentation_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lessee, Operating Sublease, Annual Lease Fees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:href="ptv-20251231.xsd#ptv_LesseeOperatingSubleaseAnnualLeaseFees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:to="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable_019b0412-59fd-7e3c-956d-898883432ee5_terseLabel_en-US" xlink:label="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue - Customers over 10% of revenue [Table]</link:label>
    <link:label id="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable_label_en-US" xlink:label="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue - Customers over 10% of revenue [Table]</link:label>
    <link:label id="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable_documentation_en-US" xlink:label="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue - Customers over 10% of revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:href="ptv-20251231.xsd#ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:to="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeriesPreferredA2AndBMember_019b0412-59fd-70de-9923-930573224a13_terseLabel_en-US" xlink:label="lab_ptv_SeriesPreferredA2AndBMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series Preferred A-2 and B</link:label>
    <link:label id="lab_ptv_SeriesPreferredA2AndBMember_label_en-US" xlink:label="lab_ptv_SeriesPreferredA2AndBMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series Preferred A-2 and B [Member]</link:label>
    <link:label id="lab_ptv_SeriesPreferredA2AndBMember_documentation_en-US" xlink:label="lab_ptv_SeriesPreferredA2AndBMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series Preferred A-2 and B</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesPreferredA2AndBMember" xlink:href="ptv-20251231.xsd#ptv_SeriesPreferredA2AndBMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesPreferredA2AndBMember" xlink:to="lab_ptv_SeriesPreferredA2AndBMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAwardVestingPeriod_019b0412-5969-75b7-a8ac-10e90f25acc4_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAwardVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Award vesting period</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAwardVestingPeriod_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAwardVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements, Award Vesting Period</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAwardVestingPeriod_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAwardVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements, Award Vesting Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentArrangementsAwardVestingPeriod" xlink:href="ptv-20251231.xsd#ptv_ShareBasedPaymentArrangementsAwardVestingPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentArrangementsAwardVestingPeriod" xlink:to="lab_ptv_ShareBasedPaymentArrangementsAwardVestingPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory_019b0412-59fd-7923-9223-23b7e6fc0e81_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Shares</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for treasury shares [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_019b0412-5968-76df-b1ce-ba86a8f6c4f5_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Group's share in gain (net losses)</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) from continuing operations of associates and joint ventures accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SondeMember_019b0412-59fd-7fa2-8c92-4b174a51c8a3_verboseLabel_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Sonde Health, Inc.</link:label>
    <link:label id="lab_ptv_SondeMember_019b0412-59fd-786a-b32c-1f29427f1a81_terseLabel_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sonde</link:label>
    <link:label id="lab_ptv_SondeMember_label_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sonde [Member]</link:label>
    <link:label id="lab_ptv_SondeMember_documentation_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sonde</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SondeMember" xlink:href="ptv-20251231.xsd#ptv_SondeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SondeMember" xlink:to="lab_ptv_SondeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_019b0412-59fd-708d-9ff5-292be79ea88f_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Voting percentage through the holdings</link:label>
    <link:label id="lab_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_label_en-US" xlink:label="lab_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proportion of voting rights held in subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfVotingPowerHeldInSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:to="lab_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EndraHoldingsLLCMember_019b0412-59fc-7315-862a-a22674b63679_verboseLabel_en-US" xlink:label="lab_ptv_EndraHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Endra Holdings, LLC (held indirectly through Enlight)</link:label>
    <link:label id="lab_ptv_EndraHoldingsLLCMember_label_en-US" xlink:label="lab_ptv_EndraHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Endra Holdings LLC [Member]</link:label>
    <link:label id="lab_ptv_EndraHoldingsLLCMember_documentation_en-US" xlink:label="lab_ptv_EndraHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Endra Holdings LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EndraHoldingsLLCMember" xlink:href="ptv-20251231.xsd#ptv_EndraHoldingsLLCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EndraHoldingsLLCMember" xlink:to="lab_ptv_EndraHoldingsLLCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceSharePlanMember_019b0412-5969-7ec5-8737-df7f5bbba751_terseLabel_en-US" xlink:label="lab_ptv_PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance share plan</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanMember_label_en-US" xlink:label="lab_ptv_PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance Share Plan [Member]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanMember_documentation_en-US" xlink:label="lab_ptv_PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance Share Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceSharePlanMember" xlink:href="ptv-20251231.xsd#ptv_PerformanceSharePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceSharePlanMember" xlink:to="lab_ptv_PerformanceSharePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NontradingHoldingCompaniesAbstract_019b0412-5aaf-72b0-8af1-2342781eeae9_terseLabel_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-trading holding companies</link:label>
    <link:label id="lab_ptv_NontradingHoldingCompaniesAbstract_label_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nontrading holding companies [Abstract]</link:label>
    <link:label id="lab_ptv_NontradingHoldingCompaniesAbstract_documentation_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nontrading holding companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NontradingHoldingCompaniesAbstract" xlink:href="ptv-20251231.xsd#ptv_NontradingHoldingCompaniesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NontradingHoldingCompaniesAbstract" xlink:to="lab_ptv_NontradingHoldingCompaniesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain_019b0412-5aaf-781a-926d-edc1cfac2b1e_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity's total for subsidiaries</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:to="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleNoteReceivableMember_019b0412-59fc-769a-b721-c27b1ba9c683_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible note receivable</link:label>
    <link:label id="lab_ptv_ConvertibleNoteReceivableMember_label_en-US" xlink:label="lab_ptv_ConvertibleNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Note Receivable [Member]</link:label>
    <link:label id="lab_ptv_ConvertibleNoteReceivableMember_documentation_en-US" xlink:label="lab_ptv_ConvertibleNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Note Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNoteReceivableMember" xlink:href="ptv-20251231.xsd#ptv_ConvertibleNoteReceivableMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNoteReceivableMember" xlink:to="lab_ptv_ConvertibleNoteReceivableMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsByNameAxis_019b0412-5aaf-7852-9426-6472c84b2a40_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings by name [axis]</link:label>
    <link:label id="lab_ifrs-full_BorrowingsByNameAxis_label_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings by name [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsByNameAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsByNameAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsByNameAxis" xlink:to="lab_ifrs-full_BorrowingsByNameAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentFinancialAssets_019dac37-5c5f-7cc7-8833-5b5da8ef627a_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in notes from associates, current</link:label>
    <link:label id="lab_ifrs-full_CurrentFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentFinancialAssets" xlink:to="lab_ifrs-full_CurrentFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IssuedShareCapitalAcquired_019b0412-5968-7b91-87e4-656a75fdde9a_terseLabel_en-US" xlink:label="lab_ptv_IssuedShareCapitalAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issued share capital acquired (in shares)</link:label>
    <link:label id="lab_ptv_IssuedShareCapitalAcquired_label_en-US" xlink:label="lab_ptv_IssuedShareCapitalAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued Share capital acquired</link:label>
    <link:label id="lab_ptv_IssuedShareCapitalAcquired_documentation_en-US" xlink:label="lab_ptv_IssuedShareCapitalAcquired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issued Share capital acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IssuedShareCapitalAcquired" xlink:href="ptv-20251231.xsd#ptv_IssuedShareCapitalAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IssuedShareCapitalAcquired" xlink:to="lab_ptv_IssuedShareCapitalAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_019b0412-5968-76a0-aaf8-43f959b2b069_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and Other Payables</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of trade and other payables [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock_019b0412-5aaf-7257-8347-a8370b86bd56_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Trade and Other Payables</link:label>
    <link:label id="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Trade And Other Payables [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Trade And Other Payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:to="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceLeaseReceivables_019b0412-59fd-7c18-80a3-71f529cafaa9_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sublease receivable</link:label>
    <link:label id="lab_ifrs-full_FinanceLeaseReceivables_label_en-US" xlink:label="lab_ifrs-full_FinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance lease receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceLeaseReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinanceLeaseReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceLeaseReceivables" xlink:to="lab_ifrs-full_FinanceLeaseReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_019b0412-59fc-7966-a252-059c0b8a8d8e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of commitments and contingent liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_019b0412-5aaf-7837-8f29-c3d6b5144130_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_019b0412-5aaf-7372-9776-cd16bb91be22_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Cost</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LicencesMember_019b0412-5aaf-7515-b66d-c2d516e3e3c7_terseLabel_en-US" xlink:label="lab_ifrs-full_LicencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Licenses</link:label>
    <link:label id="lab_ifrs-full_LicencesMember_label_en-US" xlink:label="lab_ifrs-full_LicencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Licences [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LicencesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LicencesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LicencesMember" xlink:to="lab_ifrs-full_LicencesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpectedDividendShareOptionsGranted_019b0412-5aaf-71f2-8278-19bd3c50fdba_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected dividend yield</link:label>
    <link:label id="lab_ifrs-full_ExpectedDividendShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected dividend, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpectedDividendShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:to="lab_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsInterestRate_019b0412-5aaf-70e1-88e0-11c05aa58a2c_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:label id="lab_ifrs-full_BorrowingsInterestRate_label_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsInterestRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsInterestRate" xlink:to="lab_ifrs-full_BorrowingsInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_019b0412-5aaf-70c2-a813-c4de263f8c13_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) investing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable_019b0412-5969-7683-893a-1e0ba6f04339_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:to="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShortTermNoteFromAssociateMember_019b0412-59fd-7788-b8c1-684c3e6515bb_terseLabel_en-US" xlink:label="lab_ptv_ShortTermNoteFromAssociateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in notes from associates</link:label>
    <link:label id="lab_ptv_ShortTermNoteFromAssociateMember_label_en-US" xlink:label="lab_ptv_ShortTermNoteFromAssociateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term note from associate [Member]</link:label>
    <link:label id="lab_ptv_ShortTermNoteFromAssociateMember_documentation_en-US" xlink:label="lab_ptv_ShortTermNoteFromAssociateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Short-term note from associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermNoteFromAssociateMember" xlink:href="ptv-20251231.xsd#ptv_ShortTermNoteFromAssociateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermNoteFromAssociateMember" xlink:to="lab_ptv_ShortTermNoteFromAssociateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems_019b0412-5969-7ead-81db-940d08466306_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate_019b0412-5aaf-70f5-97dd-d4be1c3c6674_terseLabel_en-US" xlink:label="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nondeductible compensation</link:label>
    <link:label id="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of executive compensation, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of executive compensation, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssets_019dac37-d99f-71b2-a664-d76fc203ca03_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in notes from associates, non-current</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentFinancialAssets" xlink:to="lab_ifrs-full_NoncurrentFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_019b0412-5968-7516-b3d5-55a66b583477_terseLabel_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Healthcare and other benefits</link:label>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_label_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee benefits expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EmployeeBenefitsExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense" xlink:to="lab_ifrs-full_EmployeeBenefitsExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_019b0412-5969-78d0-a5ee-507c7ee88dd8_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in associates accounted for using equity method</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in associates accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryAbstract_019dcf85-8c70-72d9-8b31-6ef5fe0c96ab_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryAbstract_label_en-US" xlink:label="lab_ptv_SubsidiaryAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryAbstract_documentation_en-US" xlink:label="lab_ptv_SubsidiaryAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryAbstract" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryAbstract" xlink:to="lab_ptv_SubsidiaryAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet_019b0412-59fd-7faf-b687-65df0f949c5e_terseLabel_en-US" xlink:label="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities from share based payment transactions, performance and market conditions met</link:label>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet_label_en-US" xlink:label="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities From Share based Payment Transactions, performance and market conditions met</link:label>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet_documentation_en-US" xlink:label="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities From Share based Payment Transactions, performance and market conditions met</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:href="ptv-20251231.xsd#ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:to="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_019b0412-5969-72b8-883e-c1b1c5341f52_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for financial instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentAssets_019b0412-59fd-7d27-89c3-7ef932eef38c_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current assets</link:label>
    <link:label id="lab_ifrs-full_CurrentAssets_019b0412-59fd-7c8e-83eb-6ba2fc8a741c_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:label id="lab_ifrs-full_CurrentAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssets" xlink:to="lab_ifrs-full_CurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPlansLineItems_019b0412-5969-7c09-8c00-0e3e8841af8d_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Plans [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryPlansLineItems_label_en-US" xlink:label="lab_ptv_SubsidiaryPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Plans [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryPlansLineItems_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPlansLineItems" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryPlansLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPlansLineItems" xlink:to="lab_ptv_SubsidiaryPlansLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments_019b0412-59fc-7b75-9e65-492248bfe966_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Realized gain/(loss) on sale of investments</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on disposals of investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:to="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock_019b0412-59fc-7774-a8d9-5191793239d2_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Notes Payable [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfSubsidiaryNotesPayableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:to="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentInAssociatesAbstract_019b0412-59fc-7639-8689-bbc590d183fa_terseLabel_en-US" xlink:label="lab_ptv_InvestmentInAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Associates [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentInAssociatesAbstract_label_en-US" xlink:label="lab_ptv_InvestmentInAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment in Associates [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentInAssociatesAbstract_documentation_en-US" xlink:label="lab_ptv_InvestmentInAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in Associates [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentInAssociatesAbstract" xlink:href="ptv-20251231.xsd#ptv_InvestmentInAssociatesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentInAssociatesAbstract" xlink:to="lab_ptv_InvestmentInAssociatesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualCapitalCommitments_019b0412-5969-73cc-b950-369458e61d97_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-cancellable contractual commitments</link:label>
    <link:label id="lab_ifrs-full_ContractualCapitalCommitments_label_en-US" xlink:label="lab_ifrs-full_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual capital commitments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualCapitalCommitments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualCapitalCommitments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractualCapitalCommitments" xlink:to="lab_ifrs-full_ContractualCapitalCommitments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeriesAConvertiblePreferredStockMember_019c237c-9a7b-725b-9eaa-60a5c73739b0_terseLabel_en-US" xlink:label="lab_ptv_SeriesAConvertiblePreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A convertible preferred stock</link:label>
    <link:label id="lab_ptv_SeriesAConvertiblePreferredStockMember_label_en-US" xlink:label="lab_ptv_SeriesAConvertiblePreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series A Convertible Preferred Stock [Member]</link:label>
    <link:label id="lab_ptv_SeriesAConvertiblePreferredStockMember_documentation_en-US" xlink:label="lab_ptv_SeriesAConvertiblePreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series A Convertible Preferred Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesAConvertiblePreferredStockMember" xlink:href="ptv-20251231.xsd#ptv_SeriesAConvertiblePreferredStockMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesAConvertiblePreferredStockMember" xlink:to="lab_ptv_SeriesAConvertiblePreferredStockMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementLineItems_019b0412-5969-7102-841b-528234f69775_terseLabel_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Line Items]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementLineItems_label_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Line Items]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementLineItems_documentation_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:href="ptv-20251231.xsd#ptv_CapitalAndFinancialRiskManagementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:to="lab_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredShares_019b0412-5b34-7ded-92a9-bd5eadb8ef91_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary preferred shares and warrants</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredShares_label_en-US" xlink:label="lab_ptv_SubsidiaryPreferredShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredShares_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredShares" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryPreferredShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPreferredShares" xlink:to="lab_ptv_SubsidiaryPreferredShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_019b0412-5aaf-707a-804a-939bacd0f617_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_019b0412-5aaf-782a-b6e6-4855e1e45c4f_totalLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total income tax expense/(benefit), recognized</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax expense (income) recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember_019b0412-59fc-7409-87a6-8d57d9ddce7c_terseLabel_en-US" xlink:label="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transferred over time</link:label>
    <link:label id="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember_label_en-US" xlink:label="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goods or services transferred over time [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GoodsOrServicesTransferredOverTimeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:to="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_019b0412-59fc-74a8-9abb-00df5747c9dc_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income/(costs) &#8211; fair value accounting</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_019b0412-59fc-77e3-aaa8-35ee00161c7f_totalLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total finance income/(costs) &#8211; fair value accounting</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsAxis_019b0412-5aaf-7e89-baad-6dd82666c773_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:label id="lab_ifrs-full_SegmentsAxis_label_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsAxis" xlink:to="lab_ifrs-full_SegmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapitalPreferenceShares_019b0412-59fc-7f29-8c15-d36ea7efea08_verboseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapitalPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Recognize investment retained in deconsolidated subsidiary at fair value</link:label>
    <link:label id="lab_ifrs-full_IssuedCapitalPreferenceShares_label_en-US" xlink:label="lab_ifrs-full_IssuedCapitalPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital, preference shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalPreferenceShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapitalPreferenceShares"/>
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    <link:label id="lab_ptv_SubsidiaryTypesAxis_019b0412-5aaf-73ad-843d-202d9779a4fc_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryTypesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Types [Axis]</link:label>
    <link:label id="lab_ptv_SubsidiaryTypesAxis_label_en-US" xlink:label="lab_ptv_SubsidiaryTypesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Types [Axis]</link:label>
    <link:label id="lab_ptv_SubsidiaryTypesAxis_documentation_en-US" xlink:label="lab_ptv_SubsidiaryTypesAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Types</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryTypesAxis" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryTypesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryTypesAxis" xlink:to="lab_ptv_SubsidiaryTypesAxis" xlink:type="arc" order="1"/>
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    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments granted in share-based payment arrangement</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xlink:href="ptv-20251231.xsd#ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xlink:to="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherPayablesAbstract_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other payables [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayablesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherPayablesAbstract"/>
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    <link:label id="lab_ptv_ScheduleOfInformationAboutEmployeesTableTextBlock_019b0412-5aaf-7775-a849-54588d00c540_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfInformationAboutEmployeesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Information about Employees</link:label>
    <link:label id="lab_ptv_ScheduleOfInformationAboutEmployeesTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfInformationAboutEmployeesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Information About Employees [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfInformationAboutEmployeesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfInformationAboutEmployeesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Information About Employees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfInformationAboutEmployeesTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_ScheduleOfInformationAboutEmployeesTableTextBlock"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForFairValueGainsLosses_019b0412-5969-7003-83b2-20ea0ec31415_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Gain)/loss on investment held at fair value</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForFairValueGainsLosses_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for fair value losses (gains)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForFairValueGainsLosses"/>
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    <link:label id="lab_ptv_StockRepurchaseProgramPricePerShare_019d91cc-cef6-7168-ba12-d7aba297628f_terseLabel_en-US" xlink:label="lab_ptv_StockRepurchaseProgramPricePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase price per share</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramPricePerShare_label_en-US" xlink:label="lab_ptv_StockRepurchaseProgramPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Price Per Share</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramPricePerShare_documentation_en-US" xlink:label="lab_ptv_StockRepurchaseProgramPricePerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Price Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockRepurchaseProgramPricePerShare" xlink:href="ptv-20251231.xsd#ptv_StockRepurchaseProgramPricePerShare"/>
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    <link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipment_019b0412-5969-7bbb-85b8-754a4678a426_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_019b0412-5aaf-7cdf-bd5a-8ad259634ad9_terseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of investments other than investments accounted for using equity method</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of investments other than investments accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReceivablesFromContractsWithCustomers_019b0412-59fc-7b13-9819-dd296ac5fffa_terseLabel_en-US" xlink:label="lab_ifrs-full_ReceivablesFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivables related to contract revenue</link:label>
    <link:label id="lab_ifrs-full_ReceivablesFromContractsWithCustomers_label_en-US" xlink:label="lab_ifrs-full_ReceivablesFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables from contracts with customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReceivablesFromContractsWithCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReceivablesFromContractsWithCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReceivablesFromContractsWithCustomers" xlink:to="lab_ifrs-full_ReceivablesFromContractsWithCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019_019b0412-5aaf-7b15-a672-7b151a9faf95_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, options exercised (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options exercised in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019"/>
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    <link:label id="lab_ifrs-full_CurrentTaxAssetsCurrent_019b0412-5aaf-7eb7-ae7c-d057906d79cc_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax receivable</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxAssetsCurrent_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax assets, current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssetsCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxAssetsCurrent"/>
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    <link:label id="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsTable_019b0412-5aaf-7f5b-a79a-3822ada84c1c_terseLabel_en-US" xlink:label="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax losses and tax credits carryforwards [Table]</link:label>
    <link:label id="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsTable_label_en-US" xlink:label="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax losses and tax credits carryforwards [Table]</link:label>
    <link:label id="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsTable_documentation_en-US" xlink:label="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax losses and tax credits carryforwards [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxLossesAndTaxCreditsCarryforwardsTable" xlink:href="ptv-20251231.xsd#ptv_TaxLossesAndTaxCreditsCarryforwardsTable"/>
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    <link:label id="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_019b0412-5aaf-78d9-9d1b-6a59098cbe36_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected volatility</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected volatility, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted"/>
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    <link:label id="lab_ifrs-full_ParValuePerShare_019b0412-59fd-7f4f-9f34-e9222378bff3_terseLabel_en-US" xlink:label="lab_ifrs-full_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Par value per share (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_ParValuePerShare_label_en-US" xlink:label="lab_ifrs-full_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Par value per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ParValuePerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ParValuePerShare"/>
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    <link:label id="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange_019b0412-59fc-750f-be45-9848b9c5bfb8_terseLabel_en-US" xlink:label="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial investments, fair value of earnout shares received from SPAC exchange</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange_label_en-US" xlink:label="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Investments, Fair Value Of Earnout Shares Received From SPAC Exchange</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange_documentation_en-US" xlink:label="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Investments, Fair Value Of Earnout Shares Received From SPAC Exchange</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:href="ptv-20251231.xsd#ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:to="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_019b0412-5aaf-78c4-a7fa-5b8fab8c7841_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property and Equipment</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of property, plant and equipment [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory"/>
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    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_019b0412-5aaf-7abe-bc99-55e97505e6cb_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Maturity Analysis of Operating Lease Payments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis of operating lease payments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory"/>
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    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_019b0412-59fc-7412-a273-30f4f31da2da_terseLabel_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on dilution of ownership interest in associates</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_019b0412-59fc-7150-86c8-d16d97a1e1f3_negatedTerseLabel_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gain on dilution of ownership interest in associates</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_label_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) Recognized On Dilution Of Ownership Interest In Associate</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_documentation_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) Recognized On Dilution Of Ownership Interest In Associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:href="ptv-20251231.xsd#ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:to="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_stpr_MA_019b0412-5969-7b06-9c5a-b823ae9644e9_terseLabel_en-US" xlink:label="lab_stpr_MA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Massachusetts</link:label>
    <link:label id="lab_stpr_MA_label_en-US" xlink:label="lab_stpr_MA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MASSACHUSETTS</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_stpr_MA" xlink:href="https://xbrl.sec.gov/stpr/2025/stpr-2025.xsd#stpr_MA"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_stpr_MA" xlink:to="lab_stpr_MA" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_019b0412-5aaf-7359-8863-0e2f6e82f72b_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityDomain_019b0412-59fd-736c-acfb-43d60d395090_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfEquityDomain_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityDomain" xlink:to="lab_ifrs-full_ComponentsOfEquityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward_019b0412-5968-7d8f-8042-3725018ae3ee_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Roll Forward]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward_label_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Roll Forward]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward_documentation_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:href="ptv-20251231.xsd#ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:to="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansTable_019b0412-5b34-7055-94ec-23643816723d_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansTable_label_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansTable_documentation_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNotesPayableLoansTable" xlink:href="ptv-20251231.xsd#ptv_SubsidiaryNotesPayableLoansTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryNotesPayableLoansTable" xlink:to="lab_ptv_SubsidiaryNotesPayableLoansTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_019b0412-5968-738c-8ddf-b4d870968349_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory_019b0412-5aaf-73a2-a301-834ff6ecb60c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Controlling Interest</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non-controlling interests [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TradeReceivablesIncomeTaxReceivable_019b0412-5aaf-70b0-8777-636f8c3330c0_terseLabel_en-US" xlink:label="lab_ptv_TradeReceivablesIncomeTaxReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax receivable &#8211; current</link:label>
    <link:label id="lab_ptv_TradeReceivablesIncomeTaxReceivable_label_en-US" xlink:label="lab_ptv_TradeReceivablesIncomeTaxReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables, income tax receivable</link:label>
    <link:label id="lab_ptv_TradeReceivablesIncomeTaxReceivable_documentation_en-US" xlink:label="lab_ptv_TradeReceivablesIncomeTaxReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trade receivables, income tax receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TradeReceivablesIncomeTaxReceivable" xlink:href="ptv-20251231.xsd#ptv_TradeReceivablesIncomeTaxReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TradeReceivablesIncomeTaxReceivable" xlink:to="lab_ptv_TradeReceivablesIncomeTaxReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_019b0412-59fd-7fa6-aebe-69c89d02f697_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee Benefits</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for employee benefits [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment_019b0412-59fd-73ff-b71f-a260e4126b00_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiaries</link:label>
    <link:label id="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease through loss of control of subsidiary, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties_019b0412-59fd-73a6-bef6-d806589074fb_negatedTerseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Equity awards issued to third parties</link:label>
    <link:label id="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties_label_en-US" xlink:label="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non controlling interests and options issued to third parties</link:label>
    <link:label id="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties_documentation_en-US" xlink:label="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non controlling interests and options issued to third parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:href="ptv-20251231.xsd#ptv_NonControllingInterestsAndOptionsIssuedToThirdParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:to="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_019b0412-5aaf-7a01-978f-1c80b8b252f9_terseLabel_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [axis]</link:label>
    <link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_label_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:to="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProvisionUsedOtherProvisions_019d2b43-8671-7d49-9663-357b6df13318_terseLabel_en-US" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payment for settlement</link:label>
    <link:label id="lab_ifrs-full_ProvisionUsedOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision used, other provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionUsedOtherProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProvisionUsedOtherProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProvisionUsedOtherProvisions" xlink:to="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_019b0412-5968-7edf-92b2-ea006104a763_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Termination benefits</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, termination benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangeDomain_019b0412-59fc-73d8-a201-5d6892db2c19_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ranges</link:label>
    <link:label id="lab_ifrs-full_RangeDomain_label_en-US" xlink:label="lab_ifrs-full_RangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeDomain" xlink:to="lab_ifrs-full_RangeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccountingPolicies1Abstract_019b0412-5968-705f-ab2f-f28c05bc2ada_terseLabel_en-US" xlink:label="lab_ptv_AccountingPolicies1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting policies, changes in accounting estimates and errors [Abstract]</link:label>
    <link:label id="lab_ptv_AccountingPolicies1Abstract_label_en-US" xlink:label="lab_ptv_AccountingPolicies1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies 1 [Abstract]</link:label>
    <link:label id="lab_ptv_AccountingPolicies1Abstract_documentation_en-US" xlink:label="lab_ptv_AccountingPolicies1Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accounting Policies 1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPolicies1Abstract" xlink:href="ptv-20251231.xsd#ptv_AccountingPolicies1Abstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccountingPolicies1Abstract" xlink:to="lab_ptv_AccountingPolicies1Abstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis_019b0412-59fc-7222-9ebc-1d6aa136aa76_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of contingent liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of contingent liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_019b0412-5969-72af-88e2-6f00e2bc4584_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">(Gain)/loss on disposal of assets</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for gain (loss) on disposals, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_019b0412-59fd-7e1e-9cec-f1f6c1c7f70a_negatedTerseLabel_en-US" xlink:label="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiary</link:label>
    <link:label id="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidation adjustments, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidation adjustments, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:href="ptv-20251231.xsd#ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_DistributionOfAssetsLiabilitiesAndStockholdersEquityTableTextBlock_019b0412-5969-7f9e-b499-6eaa16fe3529_terseLabel_en-US" xlink:label="lab_srt_DistributionOfAssetsLiabilitiesAndStockholdersEquityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Distribution of Assets, Liabilities and Stockholders' Equity</link:label>
    <link:label id="lab_srt_DistributionOfAssetsLiabilitiesAndStockholdersEquityTableTextBlock_label_en-US" xlink:label="lab_srt_DistributionOfAssetsLiabilitiesAndStockholdersEquityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Distribution of Assets, Liabilities and Stockholders' Equity [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_DistributionOfAssetsLiabilitiesAndStockholdersEquityTableTextBlock" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_DistributionOfAssetsLiabilitiesAndStockholdersEquityTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_DistributionOfAssetsLiabilitiesAndStockholdersEquityTableTextBlock" xlink:to="lab_srt_DistributionOfAssetsLiabilitiesAndStockholdersEquityTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LesseeOperatingSubleaseSubleasedArea_019b0412-59fc-7999-b693-76e94062177c_terseLabel_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, subleased area (in square feet)</link:label>
    <link:label id="lab_ptv_LesseeOperatingSubleaseSubleasedArea_label_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Sublease, Subleased Area</link:label>
    <link:label id="lab_ptv_LesseeOperatingSubleaseSubleasedArea_documentation_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lessee, Operating Sublease, Subleased Area</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:href="ptv-20251231.xsd#ptv_LesseeOperatingSubleaseSubleasedArea"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:to="lab_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember_019b0412-5968-75d2-b4a6-02aea89f1a76_terseLabel_en-US" xlink:label="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total share-based payments expense category</link:label>
    <link:label id="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember_label_en-US" xlink:label="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Share-based Payments Expense Category [Member]</link:label>
    <link:label id="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember_documentation_en-US" xlink:label="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Share-based Payments Expense Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:href="ptv-20251231.xsd#ptv_TotalShareBasedPaymentsExpenseCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:to="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfEquityTextBlock_019b0412-5aaf-7662-94a9-e1c6f15594c5_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfEquityTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ptv_DisclosureOfEquityTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfEquityTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Equity [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfEquityTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfEquityTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfEquityTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfEquityTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfEquityTextBlock" xlink:to="lab_ptv_DisclosureOfEquityTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember_019b0412-5968-72f1-bf04-4760c5daad4f_terseLabel_en-US" xlink:label="lab_ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gallop Oncology, Inc. (Indirectly Held through PureTech LYT)</link:label>
    <link:label id="lab_ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember_label_en-US" xlink:label="lab_ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gallop Oncology, Inc. (Indirectly Held through PureTech LYT) [Member]</link:label>
    <link:label id="lab_ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember_documentation_en-US" xlink:label="lab_ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gallop Oncology, Inc. (Indirectly Held through PureTech LYT)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember" xlink:href="ptv-20251231.xsd#ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember" xlink:to="lab_ptv_GallopOncologyInc.IndirectlyHeldThroughPureTechLYTMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanTenYearsMember_019b0412-5969-7a94-8702-9056f21ec7d1_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">More than 10 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanTenYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than ten years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTenYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanTenYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTenYearsMember" xlink:to="lab_ifrs-full_LaterThanTenYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfCustomersAxis_019b0412-5aaf-7aa3-96dc-bfedc36cc7ba_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of customers [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfCustomersAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of customers [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfCustomersAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfCustomersAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfCustomersAxis" xlink:to="lab_ifrs-full_TypesOfCustomersAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock_019b0412-5aaf-712f-a58d-aa66bdc7a6ea_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Directors&#8217; and Senior Managers&#8217; Shareholdings and Share Incentive Awards</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Information About Shareholdings of Key Management Personnel Explanatory [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Information About Shareholdings of Key Management Personnel Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:to="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AddressTypeDomain_019b0412-5aaf-747a-887d-bbc79749714a_terseLabel_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Address Type [Domain]</link:label>
    <link:label id="lab_dei_AddressTypeDomain_label_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Address Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AddressTypeDomain" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AddressTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AddressTypeDomain" xlink:to="lab_dei_AddressTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AlloniaLLCMember_019b0412-5aaf-72ed-8517-c6d2d0022e96_terseLabel_en-US" xlink:label="lab_ptv_AlloniaLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allonia LLC</link:label>
    <link:label id="lab_ptv_AlloniaLLCMember_label_en-US" xlink:label="lab_ptv_AlloniaLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allonia LLC [Member]</link:label>
    <link:label id="lab_ptv_AlloniaLLCMember_documentation_en-US" xlink:label="lab_ptv_AlloniaLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allonia LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AlloniaLLCMember" xlink:href="ptv-20251231.xsd#ptv_AlloniaLLCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AlloniaLLCMember" xlink:to="lab_ptv_AlloniaLLCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherNetAssetsLiabilities_019c9536-e8d6-78c9-9266-53737f7a2e82_terseLabel_en-US" xlink:label="lab_ptv_OtherNetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ptv_OtherNetAssetsLiabilities_label_en-US" xlink:label="lab_ptv_OtherNetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Net Assets/Liabilities</link:label>
    <link:label id="lab_ptv_OtherNetAssetsLiabilities_documentation_en-US" xlink:label="lab_ptv_OtherNetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Net Assets/Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherNetAssetsLiabilities" xlink:href="ptv-20251231.xsd#ptv_OtherNetAssetsLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherNetAssetsLiabilities" xlink:to="lab_ptv_OtherNetAssetsLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InterestIncomeOnSubleaseReceivable_019b0412-5969-7880-b261-097802437c2b_terseLabel_en-US" xlink:label="lab_ptv_InterestIncomeOnSubleaseReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income on sublease receivable</link:label>
    <link:label id="lab_ptv_InterestIncomeOnSubleaseReceivable_label_en-US" xlink:label="lab_ptv_InterestIncomeOnSubleaseReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income On Sublease Receivable</link:label>
    <link:label id="lab_ptv_InterestIncomeOnSubleaseReceivable_documentation_en-US" xlink:label="lab_ptv_InterestIncomeOnSubleaseReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Income On Sublease Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InterestIncomeOnSubleaseReceivable" xlink:href="ptv-20251231.xsd#ptv_InterestIncomeOnSubleaseReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InterestIncomeOnSubleaseReceivable" xlink:to="lab_ptv_InterestIncomeOnSubleaseReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLeaseLiabilities_019bff8a-e22b-7c74-9e17-1ec6de410193_netLabel_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Lease liability, current</link:label>
    <link:label id="lab_ifrs-full_CurrentLeaseLiabilities_019b0412-5968-76e3-b633-bc0da13c5b62_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liabilities (including current portion)</link:label>
    <link:label id="lab_ifrs-full_CurrentLeaseLiabilities_019b0412-5968-74a7-a36c-999150695313_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Short-term portion of lease liability</link:label>
    <link:label id="lab_ifrs-full_CurrentLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLeaseLiabilities" xlink:to="lab_ifrs-full_CurrentLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn_019b0412-59fc-72e4-a5b8-46102222fbab_terseLabel_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries included in the Group consolidated federal tax return</link:label>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn_label_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries included in the Group consolidated federal tax return</link:label>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn_documentation_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries included in the Group consolidated federal tax return</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:href="ptv-20251231.xsd#ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:to="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceIncomeAbstract_019b0412-5969-7047-8a00-4044782a4d24_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:label id="lab_ptv_FinanceIncomeAbstract_label_en-US" xlink:label="lab_ptv_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income [Abstract]</link:label>
    <link:label id="lab_ptv_FinanceIncomeAbstract_documentation_en-US" xlink:label="lab_ptv_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomeAbstract" xlink:href="ptv-20251231.xsd#ptv_FinanceIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceIncomeAbstract" xlink:to="lab_ptv_FinanceIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants_019b0412-5aaf-796e-9eb3-3c5ac3749ade_terseLabel_en-US" xlink:label="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of warrants (in shares)</link:label>
    <link:label id="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants_label_en-US" xlink:label="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warrants, Number of Securities Called by Warrants</link:label>
    <link:label id="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants_documentation_en-US" xlink:label="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Warrants, Number of Securities Called by Warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:href="ptv-20251231.xsd#ptv_WarrantsNumberOfSecuritiesCalledByWarrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:to="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeriesA2PreferredStockMember_019b0412-59fd-7193-af9d-912580d64034_terseLabel_en-US" xlink:label="lab_ptv_SeriesA2PreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A-2 preferred stock</link:label>
    <link:label id="lab_ptv_SeriesA2PreferredStockMember_label_en-US" xlink:label="lab_ptv_SeriesA2PreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series A-2 Preferred Stock [Member]</link:label>
    <link:label id="lab_ptv_SeriesA2PreferredStockMember_documentation_en-US" xlink:label="lab_ptv_SeriesA2PreferredStockMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series A-2 Preferred Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesA2PreferredStockMember" xlink:href="ptv-20251231.xsd#ptv_SeriesA2PreferredStockMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesA2PreferredStockMember" xlink:to="lab_ptv_SeriesA2PreferredStockMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_019b0412-5aaf-7fdc-a773-172e482f1b3d_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diluted earnings/(loss) per share (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_019b0412-5aaf-7af0-a58a-e15bfa8ef991_verboseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Diluted earnings/(loss) per share (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutedEarningsLossPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:to="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MaturityDomain_019b0412-5969-76f7-9838-39c484769afa_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregated time bands</link:label>
    <link:label id="lab_ifrs-full_MaturityDomain_label_en-US" xlink:label="lab_ifrs-full_MaturityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityDomain" xlink:to="lab_ifrs-full_MaturityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockIncentivePlanMember_019b0412-5aaf-733b-a8bf-f50c1711ae64_terseLabel_en-US" xlink:label="lab_ptv_StockIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock incentive plan</link:label>
    <link:label id="lab_ptv_StockIncentivePlanMember_label_en-US" xlink:label="lab_ptv_StockIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Incentive Plan [Member]</link:label>
    <link:label id="lab_ptv_StockIncentivePlanMember_documentation_en-US" xlink:label="lab_ptv_StockIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Incentive Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockIncentivePlanMember" xlink:href="ptv-20251231.xsd#ptv_StockIncentivePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockIncentivePlanMember" xlink:to="lab_ptv_StockIncentivePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_019b0412-5968-7dcc-8f91-26f244be726e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Capital</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for issued capital [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory_019b0412-5969-7a86-9126-a2842f7f643c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in Equity Classified Non-controlling Ownership Interests in Subsidiaries</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interests in subsidiaries [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_019b0412-5aaf-70db-8c6a-ef91f0581637_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Subsidiaries</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of subsidiaries [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory"/>
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    <link:label id="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedPercent_019d91ea-cc55-730b-a8e5-ad5f178e731c_negatedLabel_en-US" xlink:label="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedPercent" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Current year losses and credits for which no deferred tax asset is recognized</link:label>
    <link:label id="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedPercent_label_en-US" xlink:label="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedPercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Year Losses And Credits For Which No Deferred Tax Asset Is Recognized, Percent</link:label>
    <link:label id="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedPercent_documentation_en-US" xlink:label="lab_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedPercent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Year Losses And Credits For Which No Deferred Tax Asset Is Recognized, Percent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedPercent" xlink:href="ptv-20251231.xsd#ptv_CurrentYearLossesAndCreditsForWhichNoDeferredTaxAssetIsRecognizedPercent"/>
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    <link:label id="lab_ptv_OtherIncomeexpenseAbstract_019b0412-59fc-715d-aad5-cd5d0608364c_terseLabel_en-US" xlink:label="lab_ptv_OtherIncomeexpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income/(expense):</link:label>
    <link:label id="lab_ptv_OtherIncomeexpenseAbstract_label_en-US" xlink:label="lab_ptv_OtherIncomeexpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other income/(expense) [Abstract]</link:label>
    <link:label id="lab_ptv_OtherIncomeexpenseAbstract_documentation_en-US" xlink:label="lab_ptv_OtherIncomeexpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other income/(expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherIncomeexpenseAbstract" xlink:href="ptv-20251231.xsd#ptv_OtherIncomeexpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherIncomeexpenseAbstract" xlink:to="lab_ptv_OtherIncomeexpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable_019b0412-5968-776d-85df-da8d2d21f56e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:to="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable_019b0412-5aaf-7dac-83e5-1248c49020e4_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Table]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable_label_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Table]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable_documentation_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:href="ptv-20251231.xsd#ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:to="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AverageEffectiveTaxRate_019b0412-59fc-7c39-a044-d7f5737fecac_totalLabel_en-US" xlink:label="lab_ifrs-full_AverageEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Average effective tax rate</link:label>
    <link:label id="lab_ifrs-full_AverageEffectiveTaxRate_label_en-US" xlink:label="lab_ifrs-full_AverageEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageEffectiveTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AverageEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate" xlink:to="lab_ifrs-full_AverageEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AtFairValueMember_019b0412-5b34-7ff1-8a8a-e0bcb813afc5_terseLabel_en-US" xlink:label="lab_ifrs-full_AtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">At fair value</link:label>
    <link:label id="lab_ifrs-full_AtFairValueMember_label_en-US" xlink:label="lab_ifrs-full_AtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">At fair value [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AtFairValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AtFairValueMember" xlink:to="lab_ifrs-full_AtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock_019b0412-5aaf-70d1-a14c-5bb9fc850ae3_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Short-term and Long-term Portion of Lease Liability</link:label>
    <link:label id="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of short-term and long-term portion of lease liability [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of short-term and long-term portion of lease liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock" xlink:href="ptv-20251231.xsd#ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock" xlink:to="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceCostNetAbstract_label_en-US" xlink:label="lab_ptv_FinanceCostNetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Cost Net [Abstract]</link:label>
    <link:label id="lab_ptv_FinanceCostNetAbstract_documentation_en-US" xlink:label="lab_ptv_FinanceCostNetAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance Cost Net [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceCostNetAbstract" xlink:href="ptv-20251231.xsd#ptv_FinanceCostNetAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceCostNetAbstract" xlink:to="lab_ptv_FinanceCostNetAbstract" xlink:type="arc" order="1"/>
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