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    <link:label id="lab_ptv_CashDistribution_documentation_en-US" xlink:label="lab_ptv_CashDistribution" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Distribution</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CashDistribution" xlink:href="ptv-20201231.xsd#ptv_CashDistribution"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashDistribution" xlink:to="lab_ptv_CashDistribution" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeOneMember_01212358-4f69-4054-985f-ade74f941972_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise Price Range One [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeOneMember" xlink:href="ptv-20201231.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_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock_5254c9b7-7a75-4c2c-93e6-ef87fac6eba1_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Subsidiary Preferred Share balances</link:label>
    <link:label id="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary of Subsidiary Preferred Shares Balances [Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary of Subsidiary Preferred Shares Balances</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock" xlink:href="ptv-20201231.xsd#ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock" xlink:to="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeMember_0386b682-c347-4760-be18-92f5b449da18_terseLabel_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:label id="lab_srt_RangeMember_label_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeMember" xlink:to="lab_srt_RangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable_169a9cb9-f049-4f27-bae6-a0fb1f140a08_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable"/>
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    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_6e95e9c6-da78-4b5f-b8dd-a3d38e9ed8ed_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis"/>
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    <link:label id="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate_e66e9b68-40f5-41a9-9b7d-22f40c9bc46b_terseLabel_en-US" xlink:label="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Executive 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_dei_SecurityExchangeName_fb72a3b7-7234-4bee-82e4-971470163575_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_MarkToMarketAdjustments_24e643e1-3f8d-46cb-9148-a7114e02b2bf_terseLabel_en-US" xlink:label="lab_ptv_MarkToMarketAdjustments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mark to Market Adjustments</link:label>
    <link:label id="lab_ptv_MarkToMarketAdjustments_label_en-US" xlink:label="lab_ptv_MarkToMarketAdjustments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mark to Market Adjustments</link:label>
    <link:label id="lab_ptv_MarkToMarketAdjustments_documentation_en-US" xlink:label="lab_ptv_MarkToMarketAdjustments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mark to Market Adjustments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MarkToMarketAdjustments" xlink:href="ptv-20201231.xsd#ptv_MarkToMarketAdjustments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MarkToMarketAdjustments" xlink:to="lab_ptv_MarkToMarketAdjustments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock_88b42577-3670-4d99-8925-ab43dbeef541_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of future payments Of Finance Lease Payments Receivable Explanatory</link:label>
    <link:label id="lab_ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of future payments Of Finance Lease Payments Receivable Explanatory [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of future payments Of Finance Lease Payments Receivable Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock" xlink:to="lab_ptv_DisclosureOfFuturePaymentsOfFinanceLeasePaymentsReceivableExplanatoryTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember_22a596c2-751c-4db3-ada6-0c674f60f9c8_terseLabel_en-US" xlink:label="lab_ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common Shares, value realised assigned to PureTech Health, LLC [Member]</link:label>
    <link:label id="lab_ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember_label_en-US" xlink:label="lab_ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ordinary Shares, value realised assigned to PureTech Health, LLC [Member]</link:label>
    <link:label id="lab_ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember_documentation_en-US" xlink:label="lab_ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ordinary Shares, value realised assigned to PureTech Health, LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember" xlink:href="ptv-20201231.xsd#ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember" xlink:to="lab_ptv_OrdinarySharesValueRealisedAssignedToPureTechHealthLLCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_d4a567aa-b8c2-4a5c-ab45-37387938855e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for investment in associates [text block]</link:label>
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    <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_WithinThreeMonthsMember_0d2dd867-7875-41b6-a512-c8caed8def34_terseLabel_en-US" xlink:label="lab_ptv_WithinThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Within Three Months</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WithinThreeMonthsMember" xlink:href="ptv-20201231.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_ptv_NonControlledFoundedEntitiesMember_beeb1b5c-cdee-4af5-a396-25aed0288203_terseLabel_en-US" xlink:label="lab_ptv_NonControlledFoundedEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Controlled Founded Entities</link:label>
    <link:label id="lab_ptv_NonControlledFoundedEntitiesMember_label_en-US" xlink:label="lab_ptv_NonControlledFoundedEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Controlled Founded Entities [Member]</link:label>
    <link:label id="lab_ptv_NonControlledFoundedEntitiesMember_documentation_en-US" xlink:label="lab_ptv_NonControlledFoundedEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Controlled Founded Entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControlledFoundedEntitiesMember" xlink:href="ptv-20201231.xsd#ptv_NonControlledFoundedEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonControlledFoundedEntitiesMember" xlink:to="lab_ptv_NonControlledFoundedEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_21e860cf-4c3b-4322-8f72-8283d3959767_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issued ordinary shares at January 1,</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesOutstanding" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_601aa50f-9c23-4fa9-bc6c-8bbbdc2016a9_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchases of intangible assets</link:label>
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    <link:label id="lab_ptv_NumberOfWarrantPercentageOfConvertedShares_d9803adf-d586-432e-bb40-4a6df4513425_terseLabel_en-US" xlink:label="lab_ptv_NumberOfWarrantPercentageOfConvertedShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of warrant, in percentage of converted shares</link:label>
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    <link:label id="lab_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding_documentation_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt instrument, payment terms, final fee, percentage of original principal amount outstanding</link:label>
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    <link:label id="lab_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTextBlock_0b09405c-173f-4ac9-9245-b5450964df69_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfTotalOperatingExpenseExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of Total Operating Expense</link:label>
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    <link:label id="lab_ptv_OperatingExpenseMember_ee573206-6471-4789-b9cf-37a3d29e7394_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpenseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expense [Member]</link:label>
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    <link:label id="lab_ifrs-full_LeaseLiabilities_24f3f920-e757-4f97-9292-a7c8fb500e4d_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lease liabilities</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_9785dc66-3964-417e-bef9-948b1bbaf5f2_periodStartLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at beginning of period</link:label>
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    <link:label id="lab_ptv_EstimatedFairValueOfTheConvertiblePreferredSharesMeasurementInputMember_d190aed8-292c-4ba3-8da8-4e4d8a7e7af8_terseLabel_en-US" xlink:label="lab_ptv_EstimatedFairValueOfTheConvertiblePreferredSharesMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Estimated fair value of the convertible preferred shares</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_356ca6d3-3fe8-4557-afff-4c36e6f73f8d_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share Capital</link:label>
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    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_ab55fa59-8b43-4876-97b8-f4824f1be98d_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payment expense</link:label>
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    <link:label id="lab_ptv_DisclosureOfGainOnDeconsolidationTextBlock_60af9114-3405-4d97-9b56-1da880d93ad6_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfGainOnDeconsolidationTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of gain on deconsolidation</link:label>
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    <link:label id="lab_ptv_DisclosureOfGainOnDeconsolidationTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfGainOnDeconsolidationTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of gain on deconsolidation</link:label>
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    <link:label id="lab_dei_EntityAddressCountry_87fe2bb6-0113-4b39-a06b-8e5bde335a1c_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Country</link:label>
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    <link:label id="lab_ptv_GeneralAndAdministrativeMember_d9a68139-c2c0-4739-9816-4b12e2f6ae75_terseLabel_en-US" xlink:label="lab_ptv_GeneralAndAdministrativeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">General And Administrative [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">General And Administrative</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GeneralAndAdministrativeMember" xlink:href="ptv-20201231.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_RateOfMarkToMarketAdjustments_38a09a6a-bbd5-4349-8f4d-cfba46017d48_terseLabel_en-US" xlink:label="lab_ptv_RateOfMarkToMarketAdjustments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mark-to-market adjustments</link:label>
    <link:label id="lab_ptv_RateOfMarkToMarketAdjustments_label_en-US" xlink:label="lab_ptv_RateOfMarkToMarketAdjustments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of Mark to Market Adjustments</link:label>
    <link:label id="lab_ptv_RateOfMarkToMarketAdjustments_documentation_en-US" xlink:label="lab_ptv_RateOfMarkToMarketAdjustments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of Mark to Market Adjustments</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_7ffc5265-afaa-4e61-a684-e7388a048029_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Key Management Personnel Compensation</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_589755fa-ee6e-4405-aa3b-3c455a48b216_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory"/>
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    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems_af29d37c-378d-4075-b133-cacb050685af_terseLabel_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.xsd#ptv_EquityAcquiredShareCapitalPureTechLLCLineItems"/>
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    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss_03a07794-1782-4988-b3f4-8bd43247be49_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of investment in associate</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment loss recognised in profit or loss</link:label>
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    <link:label id="lab_ptv_EnsofHoldingsLLCMember_5202e112-330d-4394-a1c3-4c2364a5434f_verboseLabel_en-US" xlink:label="lab_ptv_EnsofHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ensof Holdings, LLC (held indirectly through Enlight)</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ensof Holdings LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EnsofHoldingsLLCMember" xlink:href="ptv-20201231.xsd#ptv_EnsofHoldingsLLCMember"/>
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    <link:label id="lab_ifrs-full_ProceedsFromNoncurrentBorrowings_b3e31b24-db72-4f12-9839-ec2e35fe3a89_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of long term loan</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromNoncurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from non-current borrowings</link:label>
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    <link:label id="lab_ptv_A2018PerformanceBasedRSUMember_54b7741b-50b3-4731-9662-e72ccaec1dea_terseLabel_en-US" xlink:label="lab_ptv_A2018PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2018 Performance Based RSU [Member]</link:label>
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    <link:label id="lab_ptv_A2018PerformanceBasedRSUMember_documentation_en-US" xlink:label="lab_ptv_A2018PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2018 Performance Based RSU</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Financial Assets [Abstract]</link:label>
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    <link:label id="lab_ptv_WeightedAverageOptionsExercisableTable_4fc1ccc4-8007-4d30-81d4-77e0c389662b_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsExercisableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options exercisable [Table]</link:label>
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    <link:label id="lab_ptv_WeightedAverageOptionsExercisableTable_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsExercisableTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options exercisable [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsExercisableTable" xlink:href="ptv-20201231.xsd#ptv_WeightedAverageOptionsExercisableTable"/>
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    <link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_8241cd0e-9c0f-4747-aa4f-7709b4b3b52b_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions other than through business combinations, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GelesisMember_ba6ae495-d813-4703-88dd-fea12f89c775_verboseLabel_en-US" xlink:label="lab_ptv_GelesisMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gelesis, Inc.</link:label>
    <link:label id="lab_ptv_GelesisMember_a8b7db76-e9d7-4401-8695-424f4f3502f2_terseLabel_en-US" xlink:label="lab_ptv_GelesisMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gelesis [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gelesis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GelesisMember" xlink:href="ptv-20201231.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_DeferredTaxAssetsMember_108510b8-643f-47a9-8d4f-2d39ffb0188f_terseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax assets</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsMember_label_en-US" xlink:label="lab_ptv_DeferredTaxAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax assets [Member]</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsMember_documentation_en-US" xlink:label="lab_ptv_DeferredTaxAssetsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeferredTaxAssetsMember" xlink:href="ptv-20201231.xsd#ptv_DeferredTaxAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeferredTaxAssetsMember" xlink:to="lab_ptv_DeferredTaxAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems_02332da7-e142-42f0-adc3-b4a6a6c9d2c0_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_RateOfInterestExpenseReconciliationOfEffectiveTaxRate_cb2debb9-a50e-4c2b-903a-73555e9581ae_terseLabel_en-US" xlink:label="lab_ptv_RateOfInterestExpenseReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense</link:label>
    <link:label id="lab_ptv_RateOfInterestExpenseReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfInterestExpenseReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of interest expense, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfInterestExpenseReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfInterestExpenseReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of interest expense, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfInterestExpenseReconciliationOfEffectiveTaxRate" xlink:href="ptv-20201231.xsd#ptv_RateOfInterestExpenseReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfInterestExpenseReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfInterestExpenseReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock_580f5b72-4fe5-4905-93bd-61322b68c094_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of changes in financial liabilities - Warrants</link:label>
    <link:label id="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of financial liabilities - Warrants [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of financial liabilities - Warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock" xlink:to="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceLineItems_403a8470-ac13-4113-b0d9-86f1784eca94_terseLabel_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Minimum liquidation preference</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MinimumLiquidationPreferenceLineItems" xlink:href="ptv-20201231.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_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock_8a6f6fc8-bafd-4330-a8e5-6e0ed662da2c_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of short-term and long-term portion of lease receivable</link:label>
    <link:label id="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of short-term and long-term portion of lease receivable [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of short-term and long-term portion of lease receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock" xlink:to="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseReceivableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeAxis_7230d69c-8135-4fe3-89ad-34f6105a42ad_terseLabel_en-US" xlink:label="lab_srt_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:label id="lab_srt_RangeAxis_label_en-US" xlink:label="lab_srt_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeAxis" xlink:to="lab_srt_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonCashItemsAbstract_897a7fdb-105f-4021-8ad8-8ea6b8ca95ac_terseLabel_en-US" xlink:label="lab_ptv_NonCashItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-cash items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonCashItemsAbstract" xlink:href="ptv-20201231.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_e5f2bbff-0cbf-4a08-91ba-895a0b32157c_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_ptv_PurchasesOfConvertibleNote_6313258e-6a47-427a-8751-e5e28a9d8d71_negatedTerseLabel_en-US" xlink:label="lab_ptv_PurchasesOfConvertibleNote" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchase of convertible note</link:label>
    <link:label id="lab_ptv_PurchasesOfConvertibleNote_e17b6c6d-b678-47c9-bd4f-3ea66fc7342f_verboseLabel_en-US" xlink:label="lab_ptv_PurchasesOfConvertibleNote" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash purchase of convertible notes</link:label>
    <link:label id="lab_ptv_PurchasesOfConvertibleNote_label_en-US" xlink:label="lab_ptv_PurchasesOfConvertibleNote" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchases of Convertible Note</link:label>
    <link:label id="lab_ptv_PurchasesOfConvertibleNote_documentation_en-US" xlink:label="lab_ptv_PurchasesOfConvertibleNote" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchases of Convertible Note</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchasesOfConvertibleNote" xlink:href="ptv-20201231.xsd#ptv_PurchasesOfConvertibleNote"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PurchasesOfConvertibleNote" xlink:to="lab_ptv_PurchasesOfConvertibleNote" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeriesA2PreferredMember_9bc9d7e4-d4cf-443e-9730-ce08405d6e01_terseLabel_en-US" xlink:label="lab_ptv_SeriesA2PreferredMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series A-2 Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesA2PreferredMember_label_en-US" xlink:label="lab_ptv_SeriesA2PreferredMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series A-2 Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesA2PreferredMember_documentation_en-US" xlink:label="lab_ptv_SeriesA2PreferredMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series A-2 Preferred [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesA2PreferredMember" xlink:href="ptv-20201231.xsd#ptv_SeriesA2PreferredMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesA2PreferredMember" xlink:to="lab_ptv_SeriesA2PreferredMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementCreditRiskAbstract_label_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementCreditRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital And Financial Risk Management Credit Risk [Abstract]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementCreditRiskAbstract_documentation_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementCreditRiskAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital And Financial Risk Management [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalAndFinancialRiskManagementCreditRiskAbstract" xlink:href="ptv-20201231.xsd#ptv_CapitalAndFinancialRiskManagementCreditRiskAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalAndFinancialRiskManagementCreditRiskAbstract" xlink:to="lab_ptv_CapitalAndFinancialRiskManagementCreditRiskAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_48b6e3ea-7f78-4da2-a2e5-77b03c9abf85_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments in associates</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_dee0ba80-911a-4dc6-b446-2b60b8c6f5e7_periodStartLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">As of</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_fbbb1a24-de6a-4bd8-9a97-94030bab3a75_periodEndLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">As of</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_80f284ee-ede8-43b9-a59e-344213804f6b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_DistributionToShareholdersOnDissolutionOfSubsidiary_27fe62f8-cc84-456b-b2f6-f589f28e9c9a_negatedTerseLabel_en-US" xlink:label="lab_ptv_DistributionToShareholdersOnDissolutionOfSubsidiary" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Distribution to shareholders on dissolution of subsidiary</link:label>
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    <link:label id="lab_ptv_DistributionToShareholdersOnDissolutionOfSubsidiary_documentation_en-US" xlink:label="lab_ptv_DistributionToShareholdersOnDissolutionOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Distribution to shareholders on dissolution of subsidiary</link:label>
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    <link:label id="lab_ifrs-full_CurrentFinanceLeaseReceivables_5a61ee93-c310-4e1b-b52b-9ff616dc4d2e_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lease receivable &#8211; short-term</link:label>
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    <link:label id="lab_ifrs-full_ProfitLoss_755c46aa-dc20-48d3-845a-ddfa7951b110_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income/(Loss) for the year</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_f7e0f33c-b090-4762-ba4f-c690e900003e_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net income/(loss)</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_5699d059-62a2-4b3d-a09c-3127f69c9860_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit (loss)</link:label>
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    <link:label id="lab_ifrs-full_LongtermBorrowings_5cbe818d-c5e1-481a-a400-608e3a7d1dcd_terseLabel_en-US" xlink:label="lab_ifrs-full_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term loan</link:label>
    <link:label id="lab_ifrs-full_LongtermBorrowings_label_en-US" xlink:label="lab_ifrs-full_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current portion of non-current borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LongtermBorrowings" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LongtermBorrowings"/>
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    <link:label id="lab_ptv_PayrollCosts_fe7269c4-57a2-4fb7-8164-9cbb41204c25_terseLabel_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregate payroll costs</link:label>
    <link:label id="lab_ptv_PayrollCosts_9dbf3437-0436-4b75-a24b-78cc51c8d048_totalLabel_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payroll Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PayrollCosts" xlink:href="ptv-20201231.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_DisclosureOfPerformanceObligationsTable_ba631c35-ec84-4d8b-b700-d51d40a186bb_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPerformanceObligationsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of performance obligations [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPerformanceObligationsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPerformanceObligationsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of performance obligations [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPerformanceObligationsTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfPerformanceObligationsTable"/>
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    <link:label id="lab_dei_AmendmentFlag_5c7f6200-04ce-44fa-a776-0c29dbe183d5_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.xsd#dei_AmendmentFlag"/>
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    <link:label id="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTextBlock_cad006d6-a1c3-4fd6-bcfd-ccbc642c3080_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of accumulated depreciation and impairment loss</link:label>
    <link:label id="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of accumulated depreciation and impairment loss [Text Block]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTextBlock"/>
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    <link:label id="lab_ptv_GainLossOnDerecognisedSaleOfAsset_47a50cb2-02d6-48ee-b9df-8e08ac648c49_terseLabel_en-US" xlink:label="lab_ptv_GainLossOnDerecognisedSaleOfAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain/(Loss) on derecognised sale of asset</link:label>
    <link:label id="lab_ptv_GainLossOnDerecognisedSaleOfAsset_label_en-US" xlink:label="lab_ptv_GainLossOnDerecognisedSaleOfAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain/(Loss) on derecognised sale of asset</link:label>
    <link:label id="lab_ptv_GainLossOnDerecognisedSaleOfAsset_documentation_en-US" xlink:label="lab_ptv_GainLossOnDerecognisedSaleOfAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain/(Loss) on derecognised sale of asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnDerecognisedSaleOfAsset" xlink:href="ptv-20201231.xsd#ptv_GainLossOnDerecognisedSaleOfAsset"/>
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    <link:label id="lab_ptv_DeferredTaxAssetsNotPreviouslyRecognised_88af26e5-108b-45b8-bdde-450a778fc80b_negatedTerseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsNotPreviouslyRecognised" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recognition of deferred tax assets not previously recognized</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsNotPreviouslyRecognised_label_en-US" xlink:label="lab_ptv_DeferredTaxAssetsNotPreviouslyRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax assets not previously recognised</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsNotPreviouslyRecognised_documentation_en-US" xlink:label="lab_ptv_DeferredTaxAssetsNotPreviouslyRecognised" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax assets not previously recognised</link:label>
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    <link:label id="lab_ifrs-full_FloatingInterestRateMember_08c2b0a5-23b1-4e9f-a22b-29ebc2c0607e_terseLabel_en-US" xlink:label="lab_ifrs-full_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Floating interest rate [member]</link:label>
    <link:label id="lab_ifrs-full_FloatingInterestRateMember_label_en-US" xlink:label="lab_ifrs-full_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Floating interest rate [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FloatingInterestRateMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FloatingInterestRateMember"/>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segment Information [Abstract]</link:label>
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    <link:label id="lab_ifrs-full_SegmentsAxis_e3b530ba-5d91-490a-b819-096bbbe81890_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SegmentsAxis"/>
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    <link:label id="lab_ptv_AccountingPoliciesSubsidiariesTable_8d57cc5e-9547-4b20-b894-8682e7d77d0c_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies - Subsidiaries [Table]</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies - Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesSubsidiariesTable" xlink:href="ptv-20201231.xsd#ptv_AccountingPoliciesSubsidiariesTable"/>
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    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_ab38ead6-7cba-4eeb-a337-2d2ee9e01db0_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Owners of the Company</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_8ed965c8-4a20-4c93-bb60-0cef22a49921_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income/(loss) for the year, attributable to the owners of the Company</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_GeographicalAreasAxis_8c5774fa-7d0c-4302-8cc2-d6dea29b5cda_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory_2767cd2f-6d92-4318-a831-20469e781f80_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of maturity analysis of finance lease payments receivable</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of maturity analysis of finance lease payments receivable [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory"/>
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    <link:label id="lab_ptv_GainOnInvestmentAtInitialPublicOffering_af590f9d-88c5-4da6-8653-c578c20878d5_terseLabel_en-US" xlink:label="lab_ptv_GainOnInvestmentAtInitialPublicOffering" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on investment at initial public offering</link:label>
    <link:label id="lab_ptv_GainOnInvestmentAtInitialPublicOffering_label_en-US" xlink:label="lab_ptv_GainOnInvestmentAtInitialPublicOffering" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on investment at initial public offering</link:label>
    <link:label id="lab_ptv_GainOnInvestmentAtInitialPublicOffering_documentation_en-US" xlink:label="lab_ptv_GainOnInvestmentAtInitialPublicOffering" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on investment at initial public offering</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainOnInvestmentAtInitialPublicOffering" xlink:href="ptv-20201231.xsd#ptv_GainOnInvestmentAtInitialPublicOffering"/>
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    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesAbstract_2fa8091a-3e3c-48d6-a70d-89671626d185_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of liabilities [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesAbstract"/>
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    <link:label id="lab_ifrs-full_RecurringFairValueMeasurementMember_8eb5d2a7-5f91-4998-ba74-4b204838d226_terseLabel_en-US" xlink:label="lab_ifrs-full_RecurringFairValueMeasurementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recurring fair value measurement [member]</link:label>
    <link:label id="lab_ifrs-full_RecurringFairValueMeasurementMember_label_en-US" xlink:label="lab_ifrs-full_RecurringFairValueMeasurementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recurring fair value measurement [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RecurringFairValueMeasurementMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RecurringFairValueMeasurementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RecurringFairValueMeasurementMember" xlink:to="lab_ifrs-full_RecurringFairValueMeasurementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCurrentPayables_25c9638d-2a73-4dfa-b7a7-eca608ed839b_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other current payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCurrentPayables" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_SettlementOfRSUs_58f4eb66-2079-4c45-b3ca-98180d19bf19_terseLabel_en-US" xlink:label="lab_ptv_SettlementOfRSUs" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement of RSU's</link:label>
    <link:label id="lab_ptv_SettlementOfRSUs_label_en-US" xlink:label="lab_ptv_SettlementOfRSUs" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement of RSU's</link:label>
    <link:label id="lab_ptv_SettlementOfRSUs_documentation_en-US" xlink:label="lab_ptv_SettlementOfRSUs" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement of RSU's</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SettlementOfRSUs" xlink:href="ptv-20201231.xsd#ptv_SettlementOfRSUs"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SettlementOfRSUs" xlink:to="lab_ptv_SettlementOfRSUs" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock_616a9591-6ba8-443d-b5b1-f04217596f9b_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Reconciliation of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Reconciliation of Effective Tax Rate [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Reconciliation of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock" xlink:to="lab_ptv_DisclosureOfReconciliationOfEffectiveTaxRateTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInstrumentsWarrantsAbstract_c2aedfdc-ba22-40bf-8cdc-851aab4c54d6_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsWarrantsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments - Warrants [Abstract]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsWarrantsAbstract_label_en-US" xlink:label="lab_ptv_FinancialInstrumentsWarrantsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments - Warrants [Abstract]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsWarrantsAbstract_documentation_en-US" xlink:label="lab_ptv_FinancialInstrumentsWarrantsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments - Warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsWarrantsAbstract" xlink:href="ptv-20201231.xsd#ptv_FinancialInstrumentsWarrantsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInstrumentsWarrantsAbstract" xlink:to="lab_ptv_FinancialInstrumentsWarrantsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsMember_e083881f-74b9-4896-9622-909a474bc3dd_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets, class [member]</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsMember" xlink:to="lab_ifrs-full_FinancialAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_a5aa60fd-4783-432d-995d-247ecce6a212_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit (loss), attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_BorrowingsInterestPaid_e852ed4b-d7d8-45ca-962b-1f0669431b7a_terseLabel_en-US" xlink:label="lab_ptv_BorrowingsInterestPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest paid</link:label>
    <link:label id="lab_ptv_BorrowingsInterestPaid_label_en-US" xlink:label="lab_ptv_BorrowingsInterestPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, Interest paid</link:label>
    <link:label id="lab_ptv_BorrowingsInterestPaid_documentation_en-US" xlink:label="lab_ptv_BorrowingsInterestPaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, Interest paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsInterestPaid" xlink:href="ptv-20201231.xsd#ptv_BorrowingsInterestPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsInterestPaid" xlink:to="lab_ptv_BorrowingsInterestPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CommenseMember_58f839b2-8db1-4391-9286-2d7f8c8d505b_verboseLabel_en-US" xlink:label="lab_ptv_CommenseMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commense Inc.</link:label>
    <link:label id="lab_ptv_CommenseMember_d3545d92-15bb-4aca-9265-bff846a00003_terseLabel_en-US" xlink:label="lab_ptv_CommenseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commense</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommenseMember" xlink:href="ptv-20201231.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_0895f244-1789-4215-99e4-43db06212c15_terseLabel_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recognised Income Tax Expense [Line Items]</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recognised Income Tax Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:href="ptv-20201231.xsd#ptv_RecognisedIncomeTaxExpenseLineItems"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersFromConstructionInProgressPropertyPlantAndEquipment_e274c435-a523-4a75-b680-53ca4f2e919a_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersFromConstructionInProgressPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassifications</link:label>
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    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets_e6948415-953f-4a3b-8f5d-ada165506f74_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain/(loss) on investments held at fair value</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gains (losses) recognised in profit or loss excluding exchange differences, fair value measurement, assets</link:label>
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    <link:label id="lab_ptv_SubsidiaryOperatingCompaniesMember_e517a075-7b4a-410b-997c-99dbcd473182_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Operating Companies [Member]</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Operating Companies</link:label>
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    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_13e9b6f0-5e58-48b2-ac95-89f363fc8fdb_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis"/>
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    <link:label id="lab_ifrs-full_ProceedsFromCurrentBorrowings_7ebcbfc2-f95e-4b96-bc5c-f52d9197b565_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromCurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Receipt of PPP loan</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromCurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromCurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from current borrowings</link:label>
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    <link:label id="lab_ptv_SubsidiaryConvertibleNotesMember_33c656fc-aff7-4a83-9c83-b5bc4c624820_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryConvertibleNotesMember" xlink:href="ptv-20201231.xsd#ptv_SubsidiaryConvertibleNotesMember"/>
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    <link:label id="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties_a57d3b1d-9d4a-4203-afa3-e9656e693bd7_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payables to related parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherPayablesToRelatedParties"/>
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    <link:label id="lab_ifrs-full_Assets_5df59317-59b9-4614-9eda-e80606bf8bed_totalLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_ifrs-full_Assets_69f6ce72-5d11-4621-99a6-cea85a33b9cc_terseLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_DisclosureOfPropertyPlantAndEquipmentAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract"/>
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    <link:label id="lab_ptv_AccumulatedDeficit_6a516879-b883-445f-b3de-75e1b60dc950_terseLabel_en-US" xlink:label="lab_ptv_AccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated deficit</link:label>
    <link:label id="lab_ptv_AccumulatedDeficit_label_en-US" xlink:label="lab_ptv_AccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Deficit</link:label>
    <link:label id="lab_ptv_AccumulatedDeficit_documentation_en-US" xlink:label="lab_ptv_AccumulatedDeficit" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated Deficit</link:label>
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    <link:label id="lab_ifrs-full_AmortisationExpense_55cd24cb-e6df-4f62-8bca-827a909090a1_terseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of intangible assets</link:label>
    <link:label id="lab_ifrs-full_AmortisationExpense_7626a295-2f1e-4d8e-9e9c-d073d9b01823_verboseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortisation expense</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortisation expense</link:label>
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    <link:label id="lab_ptv_DrRajuKucherlapatiMember_2ae82fd3-e456-4d1e-8f0b-a56871784724_terseLabel_en-US" xlink:label="lab_ptv_DrRajuKucherlapatiMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr Raju Kucherlapati</link:label>
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    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_bf198ebd-86c2-40f8-869e-078ef93cd72c_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">One year to Five Years</link:label>
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    <link:label id="lab_ptv_Deconsolidation_c3856bb9-7b42-46d0-9c28-381077f2783a_verboseLabel_en-US" xlink:label="lab_ptv_Deconsolidation" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidation of subsidiary</link:label>
    <link:label id="lab_ptv_Deconsolidation_1e7b4c1a-0063-4400-a98f-d68b35cb89dd_terseLabel_en-US" xlink:label="lab_ptv_Deconsolidation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidation</link:label>
    <link:label id="lab_ptv_Deconsolidation_95727319-baf5-43a4-855e-93458a4bfccb_negatedTerseLabel_en-US" xlink:label="lab_ptv_Deconsolidation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidation</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_Deconsolidation" xlink:href="ptv-20201231.xsd#ptv_Deconsolidation"/>
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    <link:label id="lab_ifrs-full_InterestExpense_26d63c27-feb7-4218-b118-7c6b00cf19c4_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest expense on lease liability</link:label>
    <link:label id="lab_ifrs-full_InterestExpense_label_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpense" xlink:to="lab_ifrs-full_InterestExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfPropertyEquipmentNetTextBlock_364f856b-55b2-4fd7-abdd-6ebacbe204c0_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfPropertyEquipmentNetTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Property &amp; Equipment, net</link:label>
    <link:label id="lab_ptv_ScheduleOfPropertyEquipmentNetTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfPropertyEquipmentNetTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Property &amp; Equipment net [Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfPropertyEquipmentNetTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfPropertyEquipmentNetTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Property &amp; Equipment net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfPropertyEquipmentNetTextBlock" xlink:href="ptv-20201231.xsd#ptv_ScheduleOfPropertyEquipmentNetTextBlock"/>
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    <link:label id="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_55443695-62ca-42cb-be33-13631a4b9f02_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other tax rate effects for reconciliation between accounting profit and tax expense (income)</link:label>
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    <link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_f06390d4-70cb-4db8-90b6-f09a2cbe5f92_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest expense on lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_RateOfEffectsOfStateTaxRateInUS_953e09b2-2073-42b9-8826-fb17af38dbab_terseLabel_en-US" xlink:label="lab_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effects of state tax rate in U.S.</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of Effects of state tax rate in US</link:label>
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    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_10379e69-7ab6-4abf-821c-129d6346c59c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disposals</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disposals, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_WeightedAverageNumberOfOrdinarySharesTextBlock_558fbd42-5d98-4a86-aaf2-33859ff6f702_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Weighted-Average Number of Ordinary Shares</link:label>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesTextBlock_label_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted-Average Number of Ordinary Shares [Text Block]</link:label>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesTextBlock_documentation_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted-Average Number of Ordinary Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageNumberOfOrdinarySharesTextBlock" xlink:href="ptv-20201231.xsd#ptv_WeightedAverageNumberOfOrdinarySharesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageNumberOfOrdinarySharesTextBlock" xlink:to="lab_ptv_WeightedAverageNumberOfOrdinarySharesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_5dd116b4-e799-43b8-9466-2cdd00290c47_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total non-current liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_d64b16ed-d466-4179-8ced-07e8d217ae60_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory_d4e6dfb6-fc5a-4de3-bc6c-e78698b4871d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory"/>
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    <link:label id="lab_ptv_SubsequentEventsAbstract_label_en-US" xlink:label="lab_ptv_SubsequentEventsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsequent Events [Abstract]</link:label>
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    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract_1368c0ec-429f-41e5-8aed-49984e457df3_terseLabel_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidated former subsidiaries</link:label>
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    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTextBlock_5a12b539-09c4-4842-a186-03214a97ce27_terseLabel_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Earnings/(Loss) attributable to owners of company</link:label>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTextBlock_label_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Loss attributable to owners of company [Text Block]</link:label>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTextBlock_documentation_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Loss attributable to owners of company</link:label>
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    <link:label id="lab_ifrs-full_CurrentPrepaidExpenses_2b119a0e-dd60-4641-8c68-4482d0721d14_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPrepaidExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Prepaid expenses</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current prepaid expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentPrepaidExpenses" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentPrepaidExpenses"/>
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    <link:label id="lab_ptv_ShareOfNetAssets_799883f2-23d3-458d-b6ec-e0e3ddecb686_terseLabel_en-US" xlink:label="lab_ptv_ShareOfNetAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Group's share of net assets</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of net assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareOfNetAssets" xlink:href="ptv-20201231.xsd#ptv_ShareOfNetAssets"/>
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    <link:label id="lab_ptv_SignificantSubsidiaryPlanVedanta2010PlanRangeOfAssumptionsOfFairValueOfStockOptionGrantsTextBlock_67033b88-20d6-492b-8257-4a2d7f7ae4f9_terseLabel_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlanVedanta2010PlanRangeOfAssumptionsOfFairValueOfStockOptionGrantsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Subsidiary Plan -Vedanta 2010 Plan - Range of assumptions of Fair Value of stock option grants</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlanVedanta2010PlanRangeOfAssumptionsOfFairValueOfStockOptionGrantsTextBlock_label_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlanVedanta2010PlanRangeOfAssumptionsOfFairValueOfStockOptionGrantsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Subsidiary Plan -Vedanta 2010 Plan - Range of assumptions of Fair Value of stock option grants [Text Block]</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlanVedanta2010PlanRangeOfAssumptionsOfFairValueOfStockOptionGrantsTextBlock_documentation_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlanVedanta2010PlanRangeOfAssumptionsOfFairValueOfStockOptionGrantsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Subsidiary Plan - Vedanta - Range of assumptions of Fair Value of stock option grants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SignificantSubsidiaryPlanVedanta2010PlanRangeOfAssumptionsOfFairValueOfStockOptionGrantsTextBlock" xlink:href="ptv-20201231.xsd#ptv_SignificantSubsidiaryPlanVedanta2010PlanRangeOfAssumptionsOfFairValueOfStockOptionGrantsTextBlock"/>
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    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_84d1c880-83ea-4b80-b2c5-3b7959d353ef_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
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    <link:label id="lab_ifrs-full_RetainedEarningsMember_b0273c30-fada-489d-b7b4-7def8ed696a4_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Retained earnings/ (accumulated deficit) [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarningsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarningsMember"/>
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    <link:label id="lab_ptv_NumberOfOptionsHeld_707703fe-0094-41cd-8145-dd04d4a16931_terseLabel_en-US" xlink:label="lab_ptv_NumberOfOptionsHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Options held</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Options held</link:label>
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    <link:label id="lab_ifrs-full_SignificantUnobservableInputLiabilities_ed1d9d06-5bd1-4d5c-90e7-5b87604d36d4_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average</link:label>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputLiabilities_ccc2d09f-ec91-4d3e-a4cf-c6e721d433a8_verboseLabel_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Warrants</link:label>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputLiabilities_label_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant unobservable input, liabilities</link:label>
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    <link:label id="lab_ptv_SubsidiaryPreferredSharesAbstract_c611f0e1-14da-4725-919a-449786d06721_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Preferred Shares [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesAbstract" xlink:href="ptv-20201231.xsd#ptv_SubsidiaryPreferredSharesAbstract"/>
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    <link:label id="lab_ptv_ShareBasedPaymentsTableLineItems_918ba689-2ad2-43c9-ba3f-ac3108781e8e_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payments Table [Line Items]</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payments Table</link:label>
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    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_9ebf82de-4469-43f2-a34f-80141d216f43_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Warrant liability</link:label>
    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current derivative financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RiskFreeInterestRateMeasurementInputMember_11c1cb14-76b0-4f33-a309-eaa9d726f8a2_terseLabel_en-US" xlink:label="lab_ptv_RiskFreeInterestRateMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risk free interest rate</link:label>
    <link:label id="lab_ptv_RiskFreeInterestRateMeasurementInputMember_label_en-US" xlink:label="lab_ptv_RiskFreeInterestRateMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risk Free Interest Rate, measurement input [Member]</link:label>
    <link:label id="lab_ptv_RiskFreeInterestRateMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_RiskFreeInterestRateMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risk Free Interest Rate, measurement input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RiskFreeInterestRateMeasurementInputMember" xlink:href="ptv-20201231.xsd#ptv_RiskFreeInterestRateMeasurementInputMember"/>
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    <link:label id="lab_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation_68970be4-57b4-4abc-82b2-a7a9e8754a19_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income of partnerships not subject to tax</link:label>
    <link:label id="lab_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation_label_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax rate effect of revenues exempt from taxation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxRateEffectOfRevenuesExemptFromTaxation"/>
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    <link:label id="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_abed3acd-f265-4d96-b65d-9c302eb045e8_terseLabel_en-US" xlink:label="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise Price Range</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExercisePriceOfOutstandingShareOptions2019"/>
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    <link:label id="lab_ifrs-full_AssetsAbstract_b60ebd9c-27f9-48f2-9698-1bb564da6427_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_SubsidiaryPreferredSharesMember_44fd9973-62be-4302-9f2c-34dda7dd9c08_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesMember" xlink:href="ptv-20201231.xsd#ptv_SubsidiaryPreferredSharesMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_3b52ae80-c3ab-4fa9-aa77-50a80a5129ec_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [table]</link:label>
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    <link:label id="lab_ifrs-full_ConstructionInProgressMember_7aad195e-94ae-4ab7-bbca-6e5b5c32d11b_terseLabel_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Construction in progress [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Construction in progress [member]</link:label>
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    <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_ptv_ScheduleOfConvertibleNotesTextBlock_9843f342-a38c-4c61-8c7c-4d0a2e485494_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfConvertibleNotesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Convertible Notes</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfConvertibleNotesTextBlock" xlink:href="ptv-20201231.xsd#ptv_ScheduleOfConvertibleNotesTextBlock"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_db88f818-00e8-43f3-b5df-8022e9a22683_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise of share-based awards</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) in number of ordinary shares issued</link:label>
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    <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_ifrs-full_OtherReserves_bddeb5ac-34e5-42f3-9a13-bcbd0a8b5fc2_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other reserve</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other reserves</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock_b9227be7-8e44-410a-a16a-b407a18f850b_terseLabel_en-US" xlink:label="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion of subsidiary convertible note into subsidiary common stock (NCI)</link:label>
    <link:label id="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock_label_en-US" xlink:label="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion of subsidiary Convertible note into subsidiary common stock</link:label>
    <link:label id="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock_documentation_en-US" xlink:label="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion of subsidiary Convertible note into subsidiary common stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock" xlink:href="ptv-20201231.xsd#ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock" xlink:to="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoSubsidiaryCommonStock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities_2012d640-e4a2-4cf1-8e7d-ba307520bd71_terseLabel_en-US" xlink:label="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion of subsidiary convertible note into preferred share liabilities</link:label>
    <link:label id="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities_label_en-US" xlink:label="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion of subsidiary Convertible note into preferred share liabilities</link:label>
    <link:label id="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities_documentation_en-US" xlink:label="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion of subsidiary Convertible note into preferred share liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:href="ptv-20201231.xsd#ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:to="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfAssetPaidAtClosing_8f5ffbbf-2744-4d62-8efc-109036058cf3_terseLabel_en-US" xlink:label="lab_ptv_SaleOfAssetPaidAtClosing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset, paid at closing</link:label>
    <link:label id="lab_ptv_SaleOfAssetPaidAtClosing_label_en-US" xlink:label="lab_ptv_SaleOfAssetPaidAtClosing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset, paid at closing</link:label>
    <link:label id="lab_ptv_SaleOfAssetPaidAtClosing_documentation_en-US" xlink:label="lab_ptv_SaleOfAssetPaidAtClosing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset, paid at closing</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_999a0c46-8a41-4639-a582-186bddf5cbeb_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement_394e476f-c8aa-4941-882e-b1bd77e226b5_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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_label_en-US" xlink:label="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_ptv_ControlledFoundedEntitiesMember_1dd516ba-47ae-43e0-b22e-f826f66ce6f8_terseLabel_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Controlled Founded Entities</link:label>
    <link:label id="lab_ptv_ControlledFoundedEntitiesMember_label_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Controlled Founded Entities [Member]</link:label>
    <link:label id="lab_ptv_ControlledFoundedEntitiesMember_documentation_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Controlled Founded Entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ControlledFoundedEntitiesMember" xlink:href="ptv-20201231.xsd#ptv_ControlledFoundedEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ControlledFoundedEntitiesMember" xlink:to="lab_ptv_ControlledFoundedEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable_207029a8-6955-47da-8ffa-c0be09feae82_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_ptv_ShareBasedPaymentMeasurement_e3f8678d-7683-4ea7-931d-5a2c1a288f0e_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentMeasurement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share based Payment Measurement</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentMeasurement_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentMeasurement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share based Payment Measurement</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentMeasurement_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentMeasurement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share based Payment Measurement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentMeasurement" xlink:href="ptv-20201231.xsd#ptv_ShareBasedPaymentMeasurement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentMeasurement" xlink:to="lab_ptv_ShareBasedPaymentMeasurement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory_3ec1244b-663d-455f-8ea0-1faccf0b7f8e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_DepreciationRightofuseAssets_60093206-8c01-41f1-8f93-3f38ace7f513_verboseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization of ROU assets</link:label>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_216c9307-2689-4069-a48c-121fbcc7f261_terseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Depreciation, right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationRightofuseAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_IncreaseDecreaseThroughConversionOfConvertibleInstruments_0b12724d-b8f4-48af-9e9b-89e814682e32_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) through conversion of convertible instruments, equity</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) through conversion of convertible instruments, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedLineItems_ec6fb252-d95a-4d1f-8cbc-24ad1a17f346_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options forfeited [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedLineItems_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options forfeited [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedLineItems_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options forfeited</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:href="ptv-20201231.xsd#ptv_WeightedAverageOptionsForfeitedLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:to="lab_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_0e11dced-590c-4159-aec1-cabe61faca24_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of number and weighted average exercise prices of share options [text block]</link:label>
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    <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_ifrs-full_FinanceCosts_3d06375f-75fe-44f3-9755-396571267fb6_negatedLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) &#8211; contractual</link:label>
    <link:label id="lab_ifrs-full_FinanceCosts_c2cb878c-4642-4c41-9dbf-d3adda736466_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total finance income/(costs)</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceCosts" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceCosts"/>
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    <link:label id="lab_ptv_LighthouseCapitalPartnersVILPMember_844f712f-393c-4658-8cb6-eb67fb6f6a4c_terseLabel_en-US" xlink:label="lab_ptv_LighthouseCapitalPartnersVILPMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lighthouse Capital Partners VI, L.P</link:label>
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    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_b9fead51-9d75-4480-a361-f3c9183d1997_negatedLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vested (in shares)</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_2145d15c-d4ba-42d9-9d8f-8248571eaf4d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of revenue from contracts with customers</link:label>
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    <link:label id="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock_ea1cba09-3e43-46e1-a4ca-2899c801a653_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
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    <link:label id="lab_ptv_NonControllingInterestsAbstract_98b043eb-0a70-4395-b2eb-fc451c66d855_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Controlling Interests [Abstract]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsLineItems_f6aadebd-f4e3-4acd-8f87-69d8010f7c24_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]</link:label>
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    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_b7f2d1f2-bd47-488c-af64-010258abcc9e_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Owners of the Company</link:label>
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    <link:label id="lab_ptv_ReclassificationOfInvestmentAtInitialPublicOffering_b15dac7f-3c08-4ab0-bbf6-f14eba8fd2da_terseLabel_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentAtInitialPublicOffering" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of investment at initial public offering</link:label>
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    <link:label id="lab_ptv_ReclassificationOfInvestmentAtInitialPublicOffering_documentation_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentAtInitialPublicOffering" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of investment at initial public offering</link:label>
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    <link:label id="lab_ptv_InvestmentUponDeconsolidation_f09a00be-2c6c-4ea8-8263-22f4218b8fb8_terseLabel_en-US" xlink:label="lab_ptv_InvestmentUponDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment upon deconsolidation</link:label>
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    <link:label id="lab_ptv_InvestmentUponDeconsolidation_documentation_en-US" xlink:label="lab_ptv_InvestmentUponDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment upon deconsolidation</link:label>
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    <link:label id="lab_ptv_DrRobertLangerMember_7a0caf8f-e436-4cb2-b70d-383b8580c95e_terseLabel_en-US" xlink:label="lab_ptv_DrRobertLangerMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr Robert Langer [Member]</link:label>
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    <link:label id="lab_dei_EntityAddressesAddressTypeAxis_5bb516d0-6a7d-4d87-a37d-3c9bd94bb437_terseLabel_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Addresses, Address Type [Axis]</link:label>
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    <link:label id="lab_ptv_SubsidiaryPreferredSharesTable_d2f5da1c-2332-4be7-b66d-2bd8dbaae0f4_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Preferred Shares [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesTable" xlink:href="ptv-20201231.xsd#ptv_SubsidiaryPreferredSharesTable"/>
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    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable_2bdcf95d-aa2e-41c4-8300-1a10d814e676_terseLabel_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Table]</link:label>
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    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingAbstract_9fc0e619-0b9e-496f-a513-fbc10990c096_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options Outstanding [Abstract]</link:label>
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    <link:label id="lab_ifrs-full_AdjustmentsForFairValueGainsLosses_63d32d8a-378b-4d56-a930-8ab69c1cee9a_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">(Gain)/loss on investments held at fair value</link:label>
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    <link:label id="lab_ptv_OtherSellingGeneralAndAdministrativeExpense_5b7e270c-37f5-439c-a65e-a50085a759b9_terseLabel_en-US" xlink:label="lab_ptv_OtherSellingGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other selling, general and administrative expenses</link:label>
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    <link:label id="lab_ptv_OtherSellingGeneralAndAdministrativeExpense_documentation_en-US" xlink:label="lab_ptv_OtherSellingGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Selling General and Administrative Expense</link:label>
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    <link:label id="lab_ptv_InvestorMember_013de4c6-2b15-4214-9653-f3a0c9f94150_terseLabel_en-US" xlink:label="lab_ptv_InvestorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investor [Member]</link:label>
    <link:label id="lab_ptv_InvestorMember_label_en-US" xlink:label="lab_ptv_InvestorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investor [Member]</link:label>
    <link:label id="lab_ptv_InvestorMember_documentation_en-US" xlink:label="lab_ptv_InvestorMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investor</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestorMember" xlink:href="ptv-20201231.xsd#ptv_InvestorMember"/>
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    <link:label id="lab_ptv_VorKarunaGelesisMember_aba9ecdb-c557-4cdd-95a7-a767b42f6dd7_terseLabel_en-US" xlink:label="lab_ptv_VorKarunaGelesisMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vor, Karuna &amp; Gelesis</link:label>
    <link:label id="lab_ptv_VorKarunaGelesisMember_label_en-US" xlink:label="lab_ptv_VorKarunaGelesisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vor, Karuna &amp; Gelesis [Member]</link:label>
    <link:label id="lab_ptv_VorKarunaGelesisMember_documentation_en-US" xlink:label="lab_ptv_VorKarunaGelesisMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vor, Karuna &amp; Gelesis</link:label>
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    <link:label id="lab_ptv_PerformanceSharePlanAbstract_aef09b6a-80b6-41cb-afbc-c02306bc3df3_terseLabel_en-US" xlink:label="lab_ptv_PerformanceSharePlanAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Share Plan [Abstract]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanAbstract_label_en-US" xlink:label="lab_ptv_PerformanceSharePlanAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Share Plan [Abstract]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanAbstract_documentation_en-US" xlink:label="lab_ptv_PerformanceSharePlanAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Share Plan</link:label>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_194b472e-1b43-452a-ac9f-69cd84250a1d_negatedLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Forfeited (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_4e6b9d25-7333-4e76-9819-3d556208ee14_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Forfeited During the Year</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_245a1f09-a183-4757-b48d-5a8b9b9a3161_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of options</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of share options forfeited in share-based payment arrangement</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_632e6a35-c1a5-46e4-98f6-61c39dd10a92_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable"/>
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    <link:label id="lab_ptv_SaleOfAssetsAbstract_label_en-US" xlink:label="lab_ptv_SaleOfAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of Assets [Abstract]</link:label>
    <link:label id="lab_ptv_SaleOfAssetsAbstract_documentation_en-US" xlink:label="lab_ptv_SaleOfAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of Assets [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfAssetsAbstract" xlink:href="ptv-20201231.xsd#ptv_SaleOfAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfAssetsAbstract" xlink:to="lab_ptv_SaleOfAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_f4f22f43-5fbe-4a4f-9fa6-868710d5e9fd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory"/>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_6ef9a3e1-7c91-4ec8-976f-b1ed6fc08236_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital and Financial Risk Management</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialRiskManagementExplanatory"/>
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    <link:label id="lab_ifrs-full_DisclosureOfBorrowingsExplanatory_cad32d64-b5e8-4a98-8e44-e92ef71981dc_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term loan</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfBorrowingsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of borrowings [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBorrowingsExplanatory"/>
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    <link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_953059d5-a4e1-47da-bc94-747099f94d72_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilitiesAbstract"/>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsAbstract" xlink:href="ptv-20201231.xsd#ptv_FinancialInstrumentsAbstract"/>
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    <link:label id="lab_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember_69809bde-06bc-4552-83e9-a57152f4ef62_terseLabel_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsNotSubjectToExpirationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Loss Carryforwards Not Subject To Expiration</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Loss Carryforwards Not Subject To Expiration</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_feba5db5-2fc4-441e-adc6-2f0d34223693_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of subsidiaries [text block]</link:label>
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    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_12d05672-8149-489f-bc38-4f452da71b06_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income/(loss) before taxes</link:label>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_6da2a9f3-01bc-42b8-8293-6fdf74bc116b_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit (loss) before tax</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutMethodsInputsAndAssumptionsUsedForDeterminingTransactionPriceExplanatory_8d5dc256-cf65-48ea-afb2-9e85da2ccd5a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutMethodsInputsAndAssumptionsUsedForDeterminingTransactionPriceExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of information about methods, inputs and assumptions used for recognizing revenue over time</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutMethodsInputsAndAssumptionsUsedForDeterminingTransactionPriceExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutMethodsInputsAndAssumptionsUsedForDeterminingTransactionPriceExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of information about methods, inputs and assumptions used for determining transaction price [text block]</link:label>
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    <link:label id="lab_ifrs-full_ExpectedDividendShareOptionsGranted_aa440464-036d-4b82-b648-c6e96f94034b_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected dividend yield</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_IntraGroupEliminationsMember_a15e6e8c-7884-49e9-b0ba-a93e03e7ea77_terseLabel_en-US" xlink:label="lab_ptv_IntraGroupEliminationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intra-group eliminations</link:label>
    <link:label id="lab_ptv_IntraGroupEliminationsMember_label_en-US" xlink:label="lab_ptv_IntraGroupEliminationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intra-group eliminations [Member]</link:label>
    <link:label id="lab_ptv_IntraGroupEliminationsMember_documentation_en-US" xlink:label="lab_ptv_IntraGroupEliminationsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intra-group eliminations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IntraGroupEliminationsMember" xlink:href="ptv-20201231.xsd#ptv_IntraGroupEliminationsMember"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_3c2ccb22-42d0-4360-a3e1-7c188510f8e0_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of intangible 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
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    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory_b9f1cdcc-58a7-42eb-9337-f962334331b1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_WeightedAverageOptionsGrantedTable_b690b85e-1bfb-4a3c-ae91-bb1ad66ad964_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedTable_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options granted [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedTable_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsGrantedTable" xlink:href="ptv-20201231.xsd#ptv_WeightedAverageOptionsGrantedTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsGrantedTable" xlink:to="lab_ptv_WeightedAverageOptionsGrantedTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceMeasurementInputMember_25b60ece-42e8-474d-8917-b76bcbdf60cf_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise price of the warrants</link:label>
    <link:label id="lab_ptv_ExercisePriceMeasurementInputMember_label_en-US" xlink:label="lab_ptv_ExercisePriceMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise price, measurement input [Member]</link:label>
    <link:label id="lab_ptv_ExercisePriceMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_ExercisePriceMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise price, measurement input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceMeasurementInputMember" xlink:href="ptv-20201231.xsd#ptv_ExercisePriceMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePriceMeasurementInputMember" xlink:to="lab_ptv_ExercisePriceMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceIncomecostsFairValueAccounting_6a304fb1-da0e-48bb-86f1-b5b9476a5f89_verboseLabel_en-US" xlink:label="lab_ptv_FinanceIncomecostsFairValueAccounting" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) &#8211; IFRS 9 fair value&#160;accounting</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsFairValueAccounting_5b867147-bb20-443f-bab8-10c4917c7516_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomecostsFairValueAccounting" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) &#8211; fair value accounting</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsFairValueAccounting_label_en-US" xlink:label="lab_ptv_FinanceIncomecostsFairValueAccounting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) - fair value accounting</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsFairValueAccounting_documentation_en-US" xlink:label="lab_ptv_FinanceIncomecostsFairValueAccounting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) - fair value accounting</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomecostsFairValueAccounting" xlink:href="ptv-20201231.xsd#ptv_FinanceIncomecostsFairValueAccounting"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceIncomecostsFairValueAccounting" xlink:to="lab_ptv_FinanceIncomecostsFairValueAccounting" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfAssetLineItems_8ce1c990-b089-4e4c-a3db-63cae42a2a04_terseLabel_en-US" xlink:label="lab_ptv_SaleOfAssetLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset [Line Items]</link:label>
    <link:label id="lab_ptv_SaleOfAssetLineItems_label_en-US" xlink:label="lab_ptv_SaleOfAssetLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset [Line Items]</link:label>
    <link:label id="lab_ptv_SaleOfAssetLineItems_documentation_en-US" xlink:label="lab_ptv_SaleOfAssetLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfAssetLineItems" xlink:href="ptv-20201231.xsd#ptv_SaleOfAssetLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfAssetLineItems" xlink:to="lab_ptv_SaleOfAssetLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory_3c75a459-72a9-4162-bb9d-06678ba51a83_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_MrStephenMunizMember_a4afaee9-bdcf-4b21-b8dc-c49f6300d20c_terseLabel_en-US" xlink:label="lab_ptv_MrStephenMunizMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mr Stephen Muniz</link:label>
    <link:label id="lab_ptv_MrStephenMunizMember_label_en-US" xlink:label="lab_ptv_MrStephenMunizMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mr Stephen Muniz [Member]</link:label>
    <link:label id="lab_ptv_MrStephenMunizMember_documentation_en-US" xlink:label="lab_ptv_MrStephenMunizMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mr Stephen Muniz</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MrStephenMunizMember" xlink:href="ptv-20201231.xsd#ptv_MrStephenMunizMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MrStephenMunizMember" xlink:to="lab_ptv_MrStephenMunizMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_Over10PercentOfRevenueMember_4ddaa19f-105d-416f-9536-19019f88e6d5_terseLabel_en-US" xlink:label="lab_ptv_Over10PercentOfRevenueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Over 10 percent of revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_Over10PercentOfRevenueMember" xlink:href="ptv-20201231.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_ifrs-full_AssetsAndLiabilitiesMember_f3f5b277-13a7-4c78-ae94-89f9eda5e53e_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets and liabilities [member]</link:label>
    <link:label id="lab_ifrs-full_AssetsAndLiabilitiesMember_label_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets and liabilities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAndLiabilitiesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsAndLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAndLiabilitiesMember" xlink:to="lab_ifrs-full_AssetsAndLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_39228194-a63f-4c62-92ee-fa4ee31c1016_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of associates [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_CashFlowsFromUsedInOperatingActivities_1feeda9c-f016-4e24-bc0f-74ecc742dd12_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net cash 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_ff2104ce-74e7-4fb3-9d25-4175d622e810_periodStartLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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_6d741e18-9191-4704-b94c-2788244b45a0_periodEndLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_PerformanceSharePlanTable_a45ed8b5-70f6-4cc4-92d1-fdede119ef8c_terseLabel_en-US" xlink:label="lab_ptv_PerformanceSharePlanTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Share Plan [Table]</link:label>
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    <link:label id="lab_ptv_PerformanceSharePlanTable_documentation_en-US" xlink:label="lab_ptv_PerformanceSharePlanTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Share Plan [Table]</link:label>
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    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_bf6d20eb-ef1e-4511-9345-65d6a4d62325_terseLabel_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Healthcare benefits</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy_f0807c72-f360-4e8b-92f7-9e19d19f7921_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Change in Accounting Policy</link:label>
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_cb54229d-4bfe-4409-a020-ec850902ffea_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term employee benefits</link:label>
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    <link:label id="lab_ptv_DisclosureOfAccumulatedAmortizationTextBlock_e4dd7ef0-88f9-44b9-9c74-bb51a5474daa_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedAmortizationTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Accumulated amortization</link:label>
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    <link:label id="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract_5e01d838-1bb5-4eca-8d9a-354daabd0926_terseLabel_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental disclosure of non-cash investment and financing activities:</link:label>
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    <link:label id="lab_ifrs-full_DeferredIncome_508bd8d8-384a-4977-888f-e55d8200f5d2_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred revenue</link:label>
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    <link:label id="lab_ifrs-full_CashOutflowForLeases_d2c04a8a-e4ae-417b-a28d-01d791264ac3_terseLabel_en-US" xlink:label="lab_ifrs-full_CashOutflowForLeases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash paid for rent (principal + interest)</link:label>
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    <link:label id="lab_ptv_SummaryOfEquityTextBlock_df3f67c5-242f-40ef-87dd-3df2d85405fd_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfEquityTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Equity</link:label>
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    <link:label id="lab_ptv_WeightedAverageShareholderOwnershipPercentageInAssociate_623d3a59-f177-49af-a9f7-80a5d2ee0262_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageShareholderOwnershipPercentageInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shareholder ownership percentage</link:label>
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    <link:label id="lab_ptv_WeightedAverageShareholderOwnershipPercentageInAssociate_documentation_en-US" xlink:label="lab_ptv_WeightedAverageShareholderOwnershipPercentageInAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average shareholder ownership percentage in associate</link:label>
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    <link:label id="lab_ptv_RevenueBudgetedCostsToCompleteAbstract_250c15c8-2bfa-4018-b7e3-7b4441e86ca7_terseLabel_en-US" xlink:label="lab_ptv_RevenueBudgetedCostsToCompleteAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revenue - Budgeted Costs to complete [Abstract]</link:label>
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_1ecb1556-473d-4c4a-932e-7a5df544deef_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payments</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems_9ee8dfeb-d426-4ce2-8492-abb6650a10e9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible Assets</link:label>
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    <link:label id="lab_ptv_EnsofBiosystemsIncMember_d1a7626a-995a-4f87-a8f3-da076a2c36b2_verboseLabel_en-US" xlink:label="lab_ptv_EnsofBiosystemsIncMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ensof Biosystems, Inc. (held indirectly through Enlight)</link:label>
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    <link:label id="lab_ptv_ExitValuationMultiplesMember_975568b2-4ce4-4fce-8211-fcc50add6115_terseLabel_en-US" xlink:label="lab_ptv_ExitValuationMultiplesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exit valuation multiples</link:label>
    <link:label id="lab_ptv_ExitValuationMultiplesMember_label_en-US" xlink:label="lab_ptv_ExitValuationMultiplesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exit valuation multiples [Member]</link:label>
    <link:label id="lab_ptv_ExitValuationMultiplesMember_documentation_en-US" xlink:label="lab_ptv_ExitValuationMultiplesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exit valuation multiples</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExitValuationMultiplesMember" xlink:href="ptv-20201231.xsd#ptv_ExitValuationMultiplesMember"/>
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    <link:label id="lab_ptv_ScheduleOfIntangibleAssetsNetTextBlock_b1c5726d-f22c-4795-a841-dd2955757cd0_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfIntangibleAssetsNetTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Intangible assets, net</link:label>
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    <link:label id="lab_ptv_AccountingPoliciesLeasesTable_a767a460-1d2a-4051-89f7-2070aa3b9c50_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesLeasesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies - Leases [Table]</link:label>
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    <link:label id="lab_ptv_AccountingPoliciesLeasesTable_documentation_en-US" xlink:label="lab_ptv_AccountingPoliciesLeasesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies - Leases [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesLeasesTable" xlink:href="ptv-20201231.xsd#ptv_AccountingPoliciesLeasesTable"/>
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    <link:label id="lab_ifrs-full_CreditExposure_19fb6a31-bd48-4ce6-add2-43613210c1b6_totalLabel_en-US" xlink:label="lab_ifrs-full_CreditExposure" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ifrs-full_CreditExposure_label_en-US" xlink:label="lab_ifrs-full_CreditExposure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credit exposure</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_108b1bb3-18a6-4ebb-bb41-295e23845635_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net increase in cash and cash equivalents</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
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    <link:label id="lab_ptv_TaxRateEffectOfDeferredTaxAssetsNotPreviouslyRecognised_72b5b5b4-1158-4496-88a5-36b91f4f18aa_negatedTerseLabel_en-US" xlink:label="lab_ptv_TaxRateEffectOfDeferredTaxAssetsNotPreviouslyRecognised" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recognition of deferred tax assets not previously recognized</link:label>
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    <link:label id="lab_ptv_TaxRateEffectOfDeferredTaxAssetsNotPreviouslyRecognised_documentation_en-US" xlink:label="lab_ptv_TaxRateEffectOfDeferredTaxAssetsNotPreviouslyRecognised" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax Rate Effect of deferred tax assets not previously recognised</link:label>
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    <link:label id="lab_ptv_SignificantSubsidiaryPlansTable_d65e46ea-3176-473c-967f-a0e604c9ba84_terseLabel_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Subsidiary Plans [Table]</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlansTable_label_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Subsidiary Plans [Table]</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlansTable_documentation_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Subsidiary Plans [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SignificantSubsidiaryPlansTable" xlink:href="ptv-20201231.xsd#ptv_SignificantSubsidiaryPlansTable"/>
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    <link:label id="lab_ptv_SeriesBPreferredMember_38a93541-e57b-4487-b214-91251e700580_terseLabel_en-US" xlink:label="lab_ptv_SeriesBPreferredMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series B Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesBPreferredMember_label_en-US" xlink:label="lab_ptv_SeriesBPreferredMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series B Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesBPreferredMember_documentation_en-US" xlink:label="lab_ptv_SeriesBPreferredMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series B Preferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesBPreferredMember" xlink:href="ptv-20201231.xsd#ptv_SeriesBPreferredMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesBPreferredMember" xlink:to="lab_ptv_SeriesBPreferredMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_44382a4f-b840-4bfd-a1be-239cc77eec78_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-controlling interests</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests"/>
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    <link:label id="lab_ptv_ImpairmentOfInvestmentInAssociate_9b43c9a7-d3a4-41ad-b90f-6209a3faa435_negatedTerseLabel_en-US" xlink:label="lab_ptv_ImpairmentOfInvestmentInAssociate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of investment in associate</link:label>
    <link:label id="lab_ptv_ImpairmentOfInvestmentInAssociate_label_en-US" xlink:label="lab_ptv_ImpairmentOfInvestmentInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of investment in associate</link:label>
    <link:label id="lab_ptv_ImpairmentOfInvestmentInAssociate_documentation_en-US" xlink:label="lab_ptv_ImpairmentOfInvestmentInAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of investment in associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ImpairmentOfInvestmentInAssociate" xlink:href="ptv-20201231.xsd#ptv_ImpairmentOfInvestmentInAssociate"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_c4044050-69c5-49ee-b8b7-084b45b10fcc_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiaries</link:label>
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    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTextBlock_cec4691c-6062-48b8-9e8b-7b3d126b36e2_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Changes in the value of subsidiary preferred shares</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTextBlock" xlink:to="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTextBlock" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of financial liabilities [abstract]</link:label>
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    <link:label id="lab_ifrs-full_AggregatedTimeBandsMember_9fcc7d10-bd8f-4c18-a101-dfebd7a41f68_terseLabel_en-US" xlink:label="lab_ifrs-full_AggregatedTimeBandsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregated time bands [member]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsTable_ea3038f5-730d-43c5-a962-c933303b256e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of number and weighted average remaining contractual life of outstanding share options [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of number and weighted average remaining contractual life of outstanding share options [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsTable" xlink:to="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfAsset_6ac196b7-cdaf-4f80-8755-55212b22b9f8_terseLabel_en-US" xlink:label="lab_ptv_SaleOfAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset</link:label>
    <link:label id="lab_ptv_SaleOfAsset_label_en-US" xlink:label="lab_ptv_SaleOfAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset</link:label>
    <link:label id="lab_ptv_SaleOfAsset_documentation_en-US" xlink:label="lab_ptv_SaleOfAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfAsset" xlink:href="ptv-20201231.xsd#ptv_SaleOfAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfAsset" xlink:to="lab_ptv_SaleOfAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems_031086b8-21f1-41a7-934e-850dc88ea5f2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_DrBharattChowriraMember_3532c13e-6dbb-4414-9584-4f385d41c553_terseLabel_en-US" xlink:label="lab_ptv_DrBharattChowriraMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr Bharatt Chowrira</link:label>
    <link:label id="lab_ptv_DrBharattChowriraMember_label_en-US" xlink:label="lab_ptv_DrBharattChowriraMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr Bharatt Chowrira [Member]</link:label>
    <link:label id="lab_ptv_DrBharattChowriraMember_documentation_en-US" xlink:label="lab_ptv_DrBharattChowriraMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr Bharatt Chowrira</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrBharattChowriraMember" xlink:to="lab_ptv_DrBharattChowriraMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExpectedTermMeasurementInputMember_23357641-89be-4e88-a2e0-7c68f209662e_terseLabel_en-US" xlink:label="lab_ptv_ExpectedTermMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected term</link:label>
    <link:label id="lab_ptv_ExpectedTermMeasurementInputMember_label_en-US" xlink:label="lab_ptv_ExpectedTermMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected term, measurement input [Member]</link:label>
    <link:label id="lab_ptv_ExpectedTermMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_ExpectedTermMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected term, measurement input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExpectedTermMeasurementInputMember" xlink:href="ptv-20201231.xsd#ptv_ExpectedTermMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExpectedTermMeasurementInputMember" xlink:to="lab_ptv_ExpectedTermMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CompanyAndCertainPreferredShareholdersMember_e3d96d12-9aa4-48fa-aeed-851bbf8cee04_terseLabel_en-US" xlink:label="lab_ptv_CompanyAndCertainPreferredShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Company and certain preferred shareholders</link:label>
    <link:label id="lab_ptv_CompanyAndCertainPreferredShareholdersMember_label_en-US" xlink:label="lab_ptv_CompanyAndCertainPreferredShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Company and certain preferred shareholders [Member]</link:label>
    <link:label id="lab_ptv_CompanyAndCertainPreferredShareholdersMember_documentation_en-US" xlink:label="lab_ptv_CompanyAndCertainPreferredShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Company and certain preferred shareholders</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CompanyAndCertainPreferredShareholdersMember" xlink:href="ptv-20201231.xsd#ptv_CompanyAndCertainPreferredShareholdersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CompanyAndCertainPreferredShareholdersMember" xlink:to="lab_ptv_CompanyAndCertainPreferredShareholdersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedLineItems_cccee1ab-60ab-4cb0-9910-c129e9a2cd8a_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options granted [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedLineItems_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options granted [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedLineItems_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsGrantedLineItems" xlink:href="ptv-20201231.xsd#ptv_WeightedAverageOptionsGrantedLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsGrantedLineItems" xlink:to="lab_ptv_WeightedAverageOptionsGrantedLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_9217116e-e024-481e-b5da-95363fe1cc44_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_WeightedAverageOptionsGrantedAbstract_1b3952df-8842-4b4a-8e46-3897253d7b5d_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options granted [Abstract]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedAbstract_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options granted [Abstract]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedAbstract_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsGrantedAbstract" xlink:href="ptv-20201231.xsd#ptv_WeightedAverageOptionsGrantedAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsGrantedAbstract" xlink:to="lab_ptv_WeightedAverageOptionsGrantedAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeTwoMember_c7f3d38f-88f4-4324-a81c-5b5d71c3fbde_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise Price Range Two [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeTwoMember" xlink:href="ptv-20201231.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_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities_b0c2cca5-7ebb-4273-8366-b002fca71d33_terseLabel_en-US" xlink:label="lab_ptv_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, Reclassification of accrued interest to other current liabilities</link:label>
    <link:label id="lab_ptv_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities_label_en-US" xlink:label="lab_ptv_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, Reclassification of accrued interest to other current liabilities</link:label>
    <link:label id="lab_ptv_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities_documentation_en-US" xlink:label="lab_ptv_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, Reclassification of accrued interest to other current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities" xlink:href="ptv-20201231.xsd#ptv_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities" xlink:to="lab_ptv_BorrowingsReclassificationOfAccruedInterestToOtherCurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_0fb08e69-8d89-4545-8569-11361cd4aace_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_AdjustmentForInitialApplicationOfIFRS16_9a900708-01b2-4847-9f07-212cfc0e0dda_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentForInitialApplicationOfIFRS16" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustment for initial application of IFRS 16</link:label>
    <link:label id="lab_ptv_AdjustmentForInitialApplicationOfIFRS16_label_en-US" xlink:label="lab_ptv_AdjustmentForInitialApplicationOfIFRS16" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustment for initial application of IFRS 16</link:label>
    <link:label id="lab_ptv_AdjustmentForInitialApplicationOfIFRS16_documentation_en-US" xlink:label="lab_ptv_AdjustmentForInitialApplicationOfIFRS16" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">adjustment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentForInitialApplicationOfIFRS16" xlink:href="ptv-20201231.xsd#ptv_AdjustmentForInitialApplicationOfIFRS16"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentForInitialApplicationOfIFRS16" xlink:to="lab_ptv_AdjustmentForInitialApplicationOfIFRS16" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember_be207bc7-6c95-4d37-81f4-ad8a3d6583cb_terseLabel_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustment for the initial application of&#160;IFRS&#160;16</link:label>
    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember_label_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative Effect, Period of Adoption, Adjustment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:to="lab_srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RelatedPartyTransactionsTable_ff9bb97b-7f6d-4bf5-85ef-cdb6f59b5b68_terseLabel_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related party transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RelatedPartyTransactionsTable" xlink:href="ptv-20201231.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_DisclosureOfOtherOperatingExpenseExplanatory_9fea5c7e-d73d-4326-ad92-5b4778d5a1cf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of other operating expense</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of other operating expense [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CertainPreferredShareholdersMember_5a1da4d9-6c69-4873-9785-c3a42f7f7791_terseLabel_en-US" xlink:label="lab_ptv_CertainPreferredShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Certain preferred shareholders</link:label>
    <link:label id="lab_ptv_CertainPreferredShareholdersMember_label_en-US" xlink:label="lab_ptv_CertainPreferredShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Certain preferred shareholders [Member]</link:label>
    <link:label id="lab_ptv_CertainPreferredShareholdersMember_documentation_en-US" xlink:label="lab_ptv_CertainPreferredShareholdersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Certain preferred shareholders</link:label>
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    <link:label id="lab_ptv_FinancialInstrumentsWarrantsTable_documentation_en-US" xlink:label="lab_ptv_FinancialInstrumentsWarrantsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments - Warrants [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsWarrantsTable" xlink:href="ptv-20201231.xsd#ptv_FinancialInstrumentsWarrantsTable"/>
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    <link:label id="lab_ptv_RateOfResearchAndDevelopmentAndOrphanDrugTaxCredits_documentation_en-US" xlink:label="lab_ptv_RateOfResearchAndDevelopmentAndOrphanDrugTaxCredits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of Research And Development and orphan drug tax credits</link:label>
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    <link:label id="lab_ifrs-full_EquityPriceRiskMember_7b883f81-7091-4126-80d0-458dfb2f3e70_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityPriceRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity price risk [member]</link:label>
    <link:label id="lab_ifrs-full_EquityPriceRiskMember_label_en-US" xlink:label="lab_ifrs-full_EquityPriceRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity price risk [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityPriceRiskMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityPriceRiskMember"/>
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    <link:label id="lab_ptv_ShareBasedPaymentsAbstract_1dfe8cd6-4c71-483a-b0eb-6ccae218f734_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsAbstract" xlink:href="ptv-20201231.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_ptv_ForeignMember_ad6992ca-7607-4b05-821c-d3a49818e0e1_terseLabel_en-US" xlink:label="lab_ptv_ForeignMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign [Member]</link:label>
    <link:label id="lab_ptv_ForeignMember_label_en-US" xlink:label="lab_ptv_ForeignMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign [Member]</link:label>
    <link:label id="lab_ptv_ForeignMember_documentation_en-US" xlink:label="lab_ptv_ForeignMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ForeignMember" xlink:href="ptv-20201231.xsd#ptv_ForeignMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ForeignMember" xlink:to="lab_ptv_ForeignMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInstrumentsSignificantUnobservableInputsLevel3FairValuePreferredSharesLiabilityTextBlock_75c18d94-a45a-49d1-a5f4-e3c67c9e4257_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsSignificantUnobservableInputsLevel3FairValuePreferredSharesLiabilityTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments, Significant Unobservable inputs, level 3 fair value - Preferred Shares liability</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsSignificantUnobservableInputsLevel3FairValuePreferredSharesLiabilityTextBlock" xlink:href="ptv-20201231.xsd#ptv_FinancialInstrumentsSignificantUnobservableInputsLevel3FairValuePreferredSharesLiabilityTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInstrumentsSignificantUnobservableInputsLevel3FairValuePreferredSharesLiabilityTextBlock" xlink:to="lab_ptv_FinancialInstrumentsSignificantUnobservableInputsLevel3FairValuePreferredSharesLiabilityTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageMember_e540c2fb-4254-4c60-ae81-e0448e873eba_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average [member]</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageMember_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageMember"/>
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    <link:label id="lab_dei_EntityIncorporationStateCountryCode_8f2d3b8d-791a-4e32-b4ec-38099b53afec_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
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    <link:label id="lab_ifrs-full_OperatingSegmentsMember_a3c73dfe-b15c-4d0b-b430-fab6891a2d6b_terseLabel_en-US" xlink:label="lab_ifrs-full_OperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating segments [member]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingSegmentsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OperatingSegmentsMember"/>
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    <link:label id="lab_ptv_AppeeringMember_825b2e60-f898-4b13-afc7-b314fbcd099e_verboseLabel_en-US" xlink:label="lab_ptv_AppeeringMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Appeering Inc.</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Appeering</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AppeeringMember" xlink:href="ptv-20201231.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_GainsLossesOnDisposalsOfNoncurrentAssets_81fad2da-03ee-4036-a3d2-3c206b1e5561_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain/(loss) on disposal of assets</link:label>
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    <link:label id="lab_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_67e58d27-2211-48fb-a854-a31ae8a9e191_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income of partnerships not subject to tax</link:label>
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    <link:label id="lab_ptv_NontradingHoldingCompaniesMember_226d2cec-80b9-4d88-87e6-78e7aba0f0a0_terseLabel_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Nontrading Holding Companies [Member]</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Nontrading Holding Companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NontradingHoldingCompaniesMember" xlink:href="ptv-20201231.xsd#ptv_NontradingHoldingCompaniesMember"/>
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    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_e4e0b785-d5d2-4f2b-8cfc-48e5d13020cc_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of investment</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
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    <link:label id="lab_dei_EntityAddressPostalZipCode_1fdf7e11-b149-4dc8-ba93-6809ee87a438_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.xsd#dei_EntityAddressPostalZipCode"/>
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    <link:label id="lab_ifrs-full_MarketApproachMember_e9b3d60f-2b33-46d7-88ef-bb0bd827f8b5_terseLabel_en-US" xlink:label="lab_ifrs-full_MarketApproachMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market &#8211; Backsolve &amp; Hybrid allocation</link:label>
    <link:label id="lab_ifrs-full_MarketApproachMember_label_en-US" xlink:label="lab_ifrs-full_MarketApproachMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Market approach [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MarketApproachMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MarketApproachMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MarketApproachMember" xlink:to="lab_ifrs-full_MarketApproachMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechLYTMember_23af1036-8230-498a-b8ef-8ef3a2f9279c_verboseLabel_en-US" xlink:label="lab_ptv_PureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">PureTech LYT (formerly Ariya Therapeutics, Inc.)</link:label>
    <link:label id="lab_ptv_PureTechLYTMember_6d542495-70b6-4112-bfba-5b8052fd1a85_terseLabel_en-US" xlink:label="lab_ptv_PureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">PureTech LYT [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">PureTech LYT</link:label>
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    <link:label id="lab_ptv_AmericanDepositarySharesMember_1fa8a426-b660-470a-9006-4486cbdb2f7b_terseLabel_en-US" xlink:label="lab_ptv_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">American Depositary Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AmericanDepositarySharesMember" xlink:href="ptv-20201231.xsd#ptv_AmericanDepositarySharesMember"/>
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    <link:label id="lab_ifrs-full_CurrentLiabilities_fe4f5731-e31e-4d70-9798-6aa39b62a8bd_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilities_9d87a1a4-b66f-4a39-bd56-a86af47f164d_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_DeferredTaxAssetsAndLiabilitiesLineItems_13a884d0-d486-441c-a5b8-d039b7034bee_terseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Tax Assets and Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:href="ptv-20201231.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_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesWarrantsTextBlock_debc4b50-8861-4639-84e0-2ae71a025a5e_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesWarrantsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities, warrants</link:label>
    <link:label id="lab_ptv_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesWarrantsTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesWarrantsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities, warrants [Text Block]</link:label>
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    <link:label id="lab_ptv_InactiveSubsidiariesMember_60dd907c-2cc8-4380-996c-cd73407f2a81_terseLabel_en-US" xlink:label="lab_ptv_InactiveSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Inactive Subsidiaries [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Inactive Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InactiveSubsidiariesMember" xlink:href="ptv-20201231.xsd#ptv_InactiveSubsidiariesMember"/>
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    <link:label id="lab_ptv_SubsidiaryDividendPayments_67fd7cb4-a001-4301-802e-f5d2b7259fa8_negatedTerseLabel_en-US" xlink:label="lab_ptv_SubsidiaryDividendPayments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary dividend payments</link:label>
    <link:label id="lab_ptv_SubsidiaryDividendPayments_label_en-US" xlink:label="lab_ptv_SubsidiaryDividendPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary dividend payments</link:label>
    <link:label id="lab_ptv_SubsidiaryDividendPayments_documentation_en-US" xlink:label="lab_ptv_SubsidiaryDividendPayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary dividend payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryDividendPayments" xlink:href="ptv-20201231.xsd#ptv_SubsidiaryDividendPayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryDividendPayments" xlink:to="lab_ptv_SubsidiaryDividendPayments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_4db54468-b0dc-447a-8929-b9bcda7e3bc8_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade and other payables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_b63e865c-4331-4699-aa72-b0232a3f0b74_totalLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade and other current payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayables" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_PercentVotingRightsOfTheCompanny_f601b88c-8e3b-4bf4-ab04-83cf8fa478ce_terseLabel_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompanny" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Percent voting rights of the Companny</link:label>
    <link:label id="lab_ptv_PercentVotingRightsOfTheCompanny_label_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompanny" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Percent voting rights of the Companny</link:label>
    <link:label id="lab_ptv_PercentVotingRightsOfTheCompanny_documentation_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompanny" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Percent voting rights of the Companny</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PercentVotingRightsOfTheCompanny" xlink:href="ptv-20201231.xsd#ptv_PercentVotingRightsOfTheCompanny"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PercentVotingRightsOfTheCompanny" xlink:to="lab_ptv_PercentVotingRightsOfTheCompanny" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EarningsLossPerShareLineItems_6777c572-6960-41d1-a34c-fb52f4a1d2f1_terseLabel_en-US" xlink:label="lab_ptv_EarningsLossPerShareLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Loss per Share [Line Items]</link:label>
    <link:label id="lab_ptv_EarningsLossPerShareLineItems_label_en-US" xlink:label="lab_ptv_EarningsLossPerShareLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Loss per Share [Line Items]</link:label>
    <link:label id="lab_ptv_EarningsLossPerShareLineItems_documentation_en-US" xlink:label="lab_ptv_EarningsLossPerShareLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Loss per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EarningsLossPerShareLineItems" xlink:href="ptv-20201231.xsd#ptv_EarningsLossPerShareLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EarningsLossPerShareLineItems" xlink:to="lab_ptv_EarningsLossPerShareLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalTypeOfLeaseMember_eea0ba8e-a402-4750-8ad1-8b255ea9972d_terseLabel_en-US" xlink:label="lab_ptv_TotalTypeOfLeaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Type of Lease</link:label>
    <link:label id="lab_ptv_TotalTypeOfLeaseMember_label_en-US" xlink:label="lab_ptv_TotalTypeOfLeaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Type of Lease [Member]</link:label>
    <link:label id="lab_ptv_TotalTypeOfLeaseMember_documentation_en-US" xlink:label="lab_ptv_TotalTypeOfLeaseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Type of Lease</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TotalTypeOfLeaseMember" xlink:href="ptv-20201231.xsd#ptv_TotalTypeOfLeaseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TotalTypeOfLeaseMember" xlink:to="lab_ptv_TotalTypeOfLeaseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EnlightMember_b40c0430-a1e0-4dc0-8fbd-a652cb2e1cf3_verboseLabel_en-US" xlink:label="lab_ptv_EnlightMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Enlight Biosciences, LLC</link:label>
    <link:label id="lab_ptv_EnlightMember_488a5fe6-2bc9-4e63-82b8-94225e4ff31c_terseLabel_en-US" xlink:label="lab_ptv_EnlightMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Enlight [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Enlight</link:label>
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    <link:label id="lab_ifrs-full_FinancialAssets_662bca27-36d6-407a-84ec-5f569263d09e_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets</link:label>
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    <link:label id="lab_ptv_OperatingExpensesTableTable_55901279-6a4c-4e90-9ec5-1cc2005e578e_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpensesTableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expenses Table [Table]</link:label>
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    <link:label id="lab_ptv_PureTechSecuritiesCorpMember_81feb7f5-8aaf-410b-8e0b-adbb906fcdac_verboseLabel_en-US" xlink:label="lab_ptv_PureTechSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">PureTech Securities Corp.</link:label>
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    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests_6b4dde0c-632d-443b-a6be-55d96522eb6a_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proportion of ownership interests held by non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proportion of ownership interests held by non-controlling interests</link:label>
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    <link:label id="lab_ptv_InitialPublicOfferingMember_56eaf246-c5a3-4769-a0eb-e6218108f1f8_terseLabel_en-US" xlink:label="lab_ptv_InitialPublicOfferingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Initial Public Offering [Member]</link:label>
    <link:label id="lab_ptv_InitialPublicOfferingMember_label_en-US" xlink:label="lab_ptv_InitialPublicOfferingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Initial Public Offering [Member]</link:label>
    <link:label id="lab_ptv_InitialPublicOfferingMember_documentation_en-US" xlink:label="lab_ptv_InitialPublicOfferingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Initial Public Offering</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InitialPublicOfferingMember" xlink:to="lab_ptv_InitialPublicOfferingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeriesCPreferredMember_f2b8e636-74c8-4ad8-8f25-762cd5c0231d_terseLabel_en-US" xlink:label="lab_ptv_SeriesCPreferredMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series C Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesCPreferredMember_label_en-US" xlink:label="lab_ptv_SeriesCPreferredMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series C Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesCPreferredMember_documentation_en-US" xlink:label="lab_ptv_SeriesCPreferredMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series C Preferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesCPreferredMember" xlink:href="ptv-20201231.xsd#ptv_SeriesCPreferredMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesCPreferredMember" xlink:to="lab_ptv_SeriesCPreferredMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CostApproachMember_c8d64fb9-2436-497f-a090-55ea76f902b2_terseLabel_en-US" xlink:label="lab_ifrs-full_CostApproachMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cost Approach &amp; OPM allocation</link:label>
    <link:label id="lab_ifrs-full_CostApproachMember_label_en-US" xlink:label="lab_ifrs-full_CostApproachMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cost approach [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CostApproachMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CostApproachMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CostApproachMember" xlink:to="lab_ifrs-full_CostApproachMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InterestExpenseFromOtherBorrowings_b5ff9663-c27a-46e4-842c-0fc589fd7bc6_negatedTerseLabel_en-US" xlink:label="lab_ptv_InterestExpenseFromOtherBorrowings" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense from other borrowings</link:label>
    <link:label id="lab_ptv_InterestExpenseFromOtherBorrowings_label_en-US" xlink:label="lab_ptv_InterestExpenseFromOtherBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense from other borrowings</link:label>
    <link:label id="lab_ptv_InterestExpenseFromOtherBorrowings_documentation_en-US" xlink:label="lab_ptv_InterestExpenseFromOtherBorrowings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense from other borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InterestExpenseFromOtherBorrowings" xlink:href="ptv-20201231.xsd#ptv_InterestExpenseFromOtherBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InterestExpenseFromOtherBorrowings" xlink:to="lab_ptv_InterestExpenseFromOtherBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FairValueInputCommonStockPrice_72c37d90-44e9-40b1-b8b1-d4d789cd9aec_terseLabel_en-US" xlink:label="lab_ptv_FairValueInputCommonStockPrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value input, common stock price</link:label>
    <link:label id="lab_ptv_FairValueInputCommonStockPrice_label_en-US" xlink:label="lab_ptv_FairValueInputCommonStockPrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Input, Common Stock Price</link:label>
    <link:label id="lab_ptv_FairValueInputCommonStockPrice_documentation_en-US" xlink:label="lab_ptv_FairValueInputCommonStockPrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Input, Common Stock Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FairValueInputCommonStockPrice" xlink:href="ptv-20201231.xsd#ptv_FairValueInputCommonStockPrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FairValueInputCommonStockPrice" xlink:to="lab_ptv_FairValueInputCommonStockPrice" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_8c5aa00b-4e52-4d64-b374-0805a6221eda_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercised (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_55f7f86c-dcd4-497e-ae20-b433775f102c_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercised During the Year</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement"/>
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    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_99ad7aad-dbbc-4e51-8451-e02ed2dd0a30_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign currency translation differences</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfBorrowingCostsExplanatory_b7f6bf92-1ca9-47d8-a0ab-c50efe9e085a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBorrowingCostsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Long-term loan - Vedanta</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit or loss [abstract]</link:label>
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    <link:label id="lab_dei_DocumentFiscalYearFocus_b65c7b5d-9083-471d-a988-174c91f46d23_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Fiscal Year Focus</link:label>
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    <link:label id="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTextBlock_8c4922f5-a0b6-4b07-afb5-1231664fb69b_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Income Taxes Recognized in Comprehensive Income</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTextBlock"/>
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    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage_11b08fc2-d5a1-4c40-911c-252e1d34395f_terseLabel_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity analysis for equity price risk, impact on pre-tax earnings, percentage</link:label>
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    <link:label id="lab_ptv_DrJohnLaMattinaAndMsMaryLaMattinaMember_32118462-19bc-4bf2-a8ec-433b0a5971fa_terseLabel_en-US" xlink:label="lab_ptv_DrJohnLaMattinaAndMsMaryLaMattinaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr John LaMattina and Ms Mary LaMattina</link:label>
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    <link:label id="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives_71f08be9-8db7-4cfc-a5a0-675965d04874_terseLabel_en-US" xlink:label="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leasehold improvements purchased through lease incentives (deducted from Right of Use Asset)</link:label>
    <link:label id="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives_label_en-US" xlink:label="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leasehold improvements purchased through lease incentives</link:label>
    <link:label id="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives_documentation_en-US" xlink:label="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leasehold improvements purchased through lease incentives</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:href="ptv-20201231.xsd#ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives"/>
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    <link:label id="lab_ptv_ShareBasedPaymentsTableTable_eaae65b0-f94c-4475-9ae4-133b38a4b17f_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payments Table [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsTableTable" xlink:href="ptv-20201231.xsd#ptv_ShareBasedPaymentsTableTable"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_d84bfebd-88c5-474e-a01a-fa003bf0c736_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for financial instruments [text block]</link:label>
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    <link:label id="lab_dei_EntityCurrentReportingStatus_f04d765b-db17-408a-9497-e4866bb3ae8c_terseLabel_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions_1bdaf43e-84ea-4cab-8771-9d9e88c77800_terseLabel_en-US" xlink:label="lab_ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchase of non controlling interest in consideration for issuance of shares and options</link:label>
    <link:label id="lab_ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions_label_en-US" xlink:label="lab_ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchase of non controlling interest in consideration for issuance of shares and options</link:label>
    <link:label id="lab_ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions_documentation_en-US" xlink:label="lab_ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchase of non controlling interest in consideration for issuance of shares and options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions" xlink:href="ptv-20201231.xsd#ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions" xlink:to="lab_ptv_PurchaseOfNonControllingInterestInConsiderationForIssuanceOfSharesAndOptions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_85422838-e757-466d-a46e-491065b63860_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total other comprehensive income/(loss)</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_afbeace7-22df-41fd-aa34-db1f058f2408_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive income</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive income</link:label>
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    <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_TradeAndOtherCurrentPayablesToTradeSuppliers_5e1e5e06-56a4-43e1-8539-4e90d931ddeb_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current trade payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_AllLevelsOfFairValueHierarchyMember_8289e864-16fd-4994-8a63-7ae5dc80d73a_terseLabel_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">All levels of fair value hierarchy [member]</link:label>
    <link:label id="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">All levels of fair value hierarchy [member]</link:label>
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    <link:label id="lab_ptv_OtherResearchAndDevelopmentExpense_6a860d5c-0bf9-4b8f-a778-c686fbf1bfb8_terseLabel_en-US" xlink:label="lab_ptv_OtherResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other research and development expenses</link:label>
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    <link:label id="lab_ptv_OtherResearchAndDevelopmentExpense_documentation_en-US" xlink:label="lab_ptv_OtherResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Research And Development Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherResearchAndDevelopmentExpense" xlink:href="ptv-20201231.xsd#ptv_OtherResearchAndDevelopmentExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherResearchAndDevelopmentExpense" xlink:to="lab_ptv_OtherResearchAndDevelopmentExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_95e9368d-f5c1-47fd-a34d-3de45e332c73_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other cash receipts from sales of equity or debt instruments of other entities, classified as investing activities</link:label>
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    <link:label id="lab_ptv_RateOfShareBasedPaymentMeasurement_b96d5ba9-f446-4c15-a569-ec6e761fb07f_terseLabel_en-US" xlink:label="lab_ptv_RateOfShareBasedPaymentMeasurement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payment measurement</link:label>
    <link:label id="lab_ptv_RateOfShareBasedPaymentMeasurement_label_en-US" xlink:label="lab_ptv_RateOfShareBasedPaymentMeasurement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of Share based Payment Measurement</link:label>
    <link:label id="lab_ptv_RateOfShareBasedPaymentMeasurement_documentation_en-US" xlink:label="lab_ptv_RateOfShareBasedPaymentMeasurement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of Share based Payment Measurement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfShareBasedPaymentMeasurement" xlink:href="ptv-20201231.xsd#ptv_RateOfShareBasedPaymentMeasurement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfShareBasedPaymentMeasurement" xlink:to="lab_ptv_RateOfShareBasedPaymentMeasurement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConversionToPreferred_fa4cea09-b43b-4ade-a9fe-7701c45d770a_terseLabel_en-US" xlink:label="lab_ptv_ConversionToPreferred" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion to preferred</link:label>
    <link:label id="lab_ptv_ConversionToPreferred_label_en-US" xlink:label="lab_ptv_ConversionToPreferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion to preferred</link:label>
    <link:label id="lab_ptv_ConversionToPreferred_documentation_en-US" xlink:label="lab_ptv_ConversionToPreferred" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion to preferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConversionToPreferred" xlink:href="ptv-20201231.xsd#ptv_ConversionToPreferred"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConversionToPreferred" xlink:to="lab_ptv_ConversionToPreferred" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax assets and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:to="lab_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsByNameAxis_a1980c04-fec1-4188-9991-9cb0c3b8b81e_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings by name [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsByNameAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_1f7bcf2b-36f5-418f-aff2-e2376447442c_terseLabel_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_ClassesOfShareCapitalAxis_6cc594f9-dc36-44f4-a9d6-27e26000e9cd_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_NetDeferredTaxAssetsNotRecognised_12830032-73ed-486a-8fac-3e10aac5396d_terseLabel_en-US" xlink:label="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax assets (liabilities), net, not recognized</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_ptv_TransactionCosts_68a30102-d637-4e81-a2d9-c96260c95ee7_terseLabel_en-US" xlink:label="lab_ptv_TransactionCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transaction Costs</link:label>
    <link:label id="lab_ptv_TransactionCosts_label_en-US" xlink:label="lab_ptv_TransactionCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transaction Costs</link:label>
    <link:label id="lab_ptv_TransactionCosts_documentation_en-US" xlink:label="lab_ptv_TransactionCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transaction Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TransactionCosts" xlink:href="ptv-20201231.xsd#ptv_TransactionCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TransactionCosts" xlink:to="lab_ptv_TransactionCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PayrollTaxes_0af915a2-d73e-4445-acb4-6673eb005931_terseLabel_en-US" xlink:label="lab_ptv_PayrollTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payroll Taxes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PayrollTaxes" xlink:href="ptv-20201231.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_ifrs-full_StatementOfFinancialPositionAbstract_d5448650-23f4-4c24-8d91-a51287484657_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidated Statements of Financial Position</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of financial position [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_SubsidiaryNotesPayableAbstract_a8eabceb-50a3-478b-bb13-afbf68466690_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Notes Payable [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNotesPayableAbstract" xlink:href="ptv-20201231.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_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_abb3a2cf-67a8-4bfc-8018-3952de41694a_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_ScheduleOfNotesPayableTextBlock_c1b0949e-c224-4eec-b034-9478e06d2284_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Notes Payable</link:label>
    <link:label id="lab_ptv_ScheduleOfNotesPayableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Notes Payable [Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfNotesPayableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfNotesPayableTextBlock" xlink:href="ptv-20201231.xsd#ptv_ScheduleOfNotesPayableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfNotesPayableTextBlock" xlink:to="lab_ptv_ScheduleOfNotesPayableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MaturityAxis_d23f0a01-c9df-4fcd-a93a-9b29d59a5000_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maturity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_ShareBasedPayments_81cce3ba-0428-4bdc-8e82-484d697bd57b_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payments</link:label>
    <link:label id="lab_ptv_ShareBasedPayments_label_en-US" xlink:label="lab_ptv_ShareBasedPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payments</link:label>
    <link:label id="lab_ptv_ShareBasedPayments_documentation_en-US" xlink:label="lab_ptv_ShareBasedPayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPayments" xlink:href="ptv-20201231.xsd#ptv_ShareBasedPayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPayments" xlink:to="lab_ptv_ShareBasedPayments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable_c9d87921-04b3-45a6-911b-12e48899d806_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_827e1138-59b0-4e85-b40d-085a49c62b4b_terseLabel_en-US" xlink:label="lab_ptv_LiquidityRiskLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liquidity Risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LiquidityRiskLineItems" xlink:href="ptv-20201231.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_dei_EntityAddressCityOrTown_acc1fdd1-a8c5-4cad-9bfe-0626bce55656_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_ifrs-full_NotesAndDebenturesIssued_7bd21066-7c4c-49e2-a1e2-16016ef2450a_terseLabel_en-US" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Notes and debentures issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotesAndDebenturesIssued" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember_553101a8-fd83-4895-b0ef-0b7e69cf109c_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Neither past due or impaired</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets neither past due nor impaired [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:to="lab_ifrs-full_FinancialAssetsNeitherPastDueNorImpairedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubleaseMember_29514f28-8653-45a4-8c3d-fb5ac4eab434_terseLabel_en-US" xlink:label="lab_ptv_SubleaseMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sublease</link:label>
    <link:label id="lab_ptv_SubleaseMember_label_en-US" xlink:label="lab_ptv_SubleaseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sublease [Member]</link:label>
    <link:label id="lab_ptv_SubleaseMember_documentation_en-US" xlink:label="lab_ptv_SubleaseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sublease</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubleaseMember" xlink:href="ptv-20201231.xsd#ptv_SubleaseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubleaseMember" xlink:to="lab_ptv_SubleaseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts_7c74cf92-bde5-431c-9649-1bc9c4737c29_terseLabel_en-US" xlink:label="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_81200b71-5d87-4f7f-9b74-a8066496cc0a_verboseLabel_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vor Biopharma Inc.</link:label>
    <link:label id="lab_ptv_VorMember_3e1446a4-acbc-4b6b-ae13-366c1bf6afe7_terseLabel_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vor [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vor</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VorMember" xlink:href="ptv-20201231.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_ptv_SaleOfAssetDepositedIntoEscrow_5ce307c9-8f0d-430d-b021-72cf5ac4a0ab_terseLabel_en-US" xlink:label="lab_ptv_SaleOfAssetDepositedIntoEscrow" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset, deposited into escrow</link:label>
    <link:label id="lab_ptv_SaleOfAssetDepositedIntoEscrow_label_en-US" xlink:label="lab_ptv_SaleOfAssetDepositedIntoEscrow" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset, deposited into escrow</link:label>
    <link:label id="lab_ptv_SaleOfAssetDepositedIntoEscrow_documentation_en-US" xlink:label="lab_ptv_SaleOfAssetDepositedIntoEscrow" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset, deposited into escrow</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfAssetDepositedIntoEscrow" xlink:href="ptv-20201231.xsd#ptv_SaleOfAssetDepositedIntoEscrow"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfAssetDepositedIntoEscrow" xlink:to="lab_ptv_SaleOfAssetDepositedIntoEscrow" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest_82729f94-ec62-47df-b8c7-64a28fc93f45_terseLabel_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance before allocation of share in associate loss to long-term interest</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest_label_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Assets At Fair Value Through Profit Or Loss before allocation to long-term interest</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest_documentation_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Assets At Fair Value Through Profit Or Loss before allocation to long-term interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest" xlink:href="ptv-20201231.xsd#ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest" xlink:to="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationToLongTermInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PreferenceSharesMember_0563cfe2-17d3-4afe-87d2-2e39e7c9d6d8_terseLabel_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Preference shares [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Preference shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PreferenceSharesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_TypesOfCustomersMember_01a3ba53-108f-4e89-9269-8c721df3f439_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of customers [member]</link:label>
    <link:label id="lab_ifrs-full_TypesOfCustomersMember_label_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of customers [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfCustomersMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfCustomersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfCustomersMember" xlink:to="lab_ifrs-full_TypesOfCustomersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxRateEffectOfTaxLosses_5f8d2664-6110-4c39-bf42-fb0a5eee01a1_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current year losses for which no deferred tax asset is recognized</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxRateEffectOfTaxLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxRateEffectOfTaxLosses" xlink:to="lab_ifrs-full_TaxRateEffectOfTaxLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_b3566c94-8e7b-4214-b56e-c1c32061ea6c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_ClassesOfLiabilitiesAxis_23aa5250-04e3-49e1-aa56-00bcfd510611_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfLiabilitiesAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsTable_cc5ef777-ea3b-4405-b63c-736ae30cd998_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Controlling Interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsTable" xlink:href="ptv-20201231.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_dei_BusinessContactMember_f6c15e79-683a-47f7-9269-fd18777f9e5e_terseLabel_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_ptv_LongTermLoanAbstract_label_en-US" xlink:label="lab_ptv_LongTermLoanAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term loan [Abstract]</link:label>
    <link:label id="lab_ptv_LongTermLoanAbstract_documentation_en-US" xlink:label="lab_ptv_LongTermLoanAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term loan [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LongTermLoanAbstract" xlink:href="ptv-20201231.xsd#ptv_LongTermLoanAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LongTermLoanAbstract" xlink:to="lab_ptv_LongTermLoanAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EntitysTotalForSubsidiariesMember_b4f30c28-a898-4003-85d4-95505e40dc1b_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for subsidiaries [member]</link:label>
    <link:label id="lab_ifrs-full_EntitysTotalForSubsidiariesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for subsidiaries [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForSubsidiariesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:to="lab_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherIncome_86097535-0d8e-49bb-99a7-f910f7987ddb_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other income/(expense)</link:label>
    <link:label id="lab_ifrs-full_OtherIncome_label_en-US" xlink:label="lab_ifrs-full_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherIncome" xlink:to="lab_ifrs-full_OtherIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_3919ae28-3a3f-4ef1-82c0-c0593219759f_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Outstanding, beginning of year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_a47ad4a0-caee-4b22-828e-65434c649f27_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Outstanding, end of year (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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_EntitysTotalForAssociatesMember_773ac276-eec8-442d-97f2-2ecf4a84c7c0_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for associates [member]</link:label>
    <link:label id="lab_ifrs-full_EntitysTotalForAssociatesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for associates [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForAssociatesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForAssociatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForAssociatesMember" xlink:to="lab_ifrs-full_EntitysTotalForAssociatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_abe5fff4-eb0a-4eca-9ef1-11374ef778d4_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of equity [axis]</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_b8be0ec8-bed6-41a7-a404-9d0d66990b89_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Development Costs</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_4f25b374-d823-4c80-a425-a3d16dcee862_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash flows from operating activities</link:label>
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    <link:label id="lab_ptv_GainOnDeconsolidationAbstract_a6bf5c8e-731b-4f4a-b03c-77d271f19bad_terseLabel_en-US" xlink:label="lab_ptv_GainOnDeconsolidationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on deconsolidation [Abstract]</link:label>
    <link:label id="lab_ptv_GainOnDeconsolidationAbstract_label_en-US" xlink:label="lab_ptv_GainOnDeconsolidationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on deconsolidation [Abstract]</link:label>
    <link:label id="lab_ptv_GainOnDeconsolidationAbstract_documentation_en-US" xlink:label="lab_ptv_GainOnDeconsolidationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainOnDeconsolidationAbstract" xlink:href="ptv-20201231.xsd#ptv_GainOnDeconsolidationAbstract"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory_e6f5fc44-9f84-4422-b41d-988ac3674603_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance Income and Finance Costs</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for finance income and costs [text block]</link:label>
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    <link:label id="lab_dei_EntityFilerCategory_64233af3-890f-4d4b-8d5a-c01431f8d860_terseLabel_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Filer Category</link:label>
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    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedAbstract_558748b6-17c0-4da1-8741-6c15f35a46df_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options forfeited [Abstract]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedAbstract_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options forfeited [Abstract]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedAbstract_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options forfeited</link:label>
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    <link:label id="lab_ptv_ProfitLossBeforeTaxPreIAS39_3f1c6af3-629f-4f5f-8576-76186ed79e28_terseLabel_en-US" xlink:label="lab_ptv_ProfitLossBeforeTaxPreIAS39" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">(Loss)/income before taxes pre IAS 39 fair value accounting, finance costs &#8211; subsidiary preferred shares, share-based payment expense, depreciation of tangible assets and amortization of intangible assets</link:label>
    <link:label id="lab_ptv_ProfitLossBeforeTaxPreIAS39_label_en-US" xlink:label="lab_ptv_ProfitLossBeforeTaxPreIAS39" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit Loss Before Tax pre IAS 39</link:label>
    <link:label id="lab_ptv_ProfitLossBeforeTaxPreIAS39_documentation_en-US" xlink:label="lab_ptv_ProfitLossBeforeTaxPreIAS39" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit Loss Before Tax pre IAS 39</link:label>
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    <link:label id="lab_ptv_ProfitLossAttributableToOrdinaryShareholders_30fe32d5-9a71-4bd0-a2c1-431cc9a7a229_terseLabel_en-US" xlink:label="lab_ptv_ProfitLossAttributableToOrdinaryShareholders" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income/(loss) attributable to ordinary shareholders</link:label>
    <link:label id="lab_ptv_ProfitLossAttributableToOrdinaryShareholders_label_en-US" xlink:label="lab_ptv_ProfitLossAttributableToOrdinaryShareholders" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit Loss Attributable To Ordinary Shareholders</link:label>
    <link:label id="lab_ptv_ProfitLossAttributableToOrdinaryShareholders_documentation_en-US" xlink:label="lab_ptv_ProfitLossAttributableToOrdinaryShareholders" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit Loss Attributable To Ordinary Shareholders</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProfitLossAttributableToOrdinaryShareholders" xlink:href="ptv-20201231.xsd#ptv_ProfitLossAttributableToOrdinaryShareholders"/>
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    <link:label id="lab_ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock_e581d2b4-ccce-411f-9ca4-d5a0a28ae675_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expenses</link:label>
    <link:label id="lab_ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of Operating Expense Explanatory [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of Operating Expense Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock" xlink:to="lab_ptv_DisclosureOfOperatingExpenseExplanatoryTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeThreeMember_42b78651-88e4-4f08-b4a8-926bbf21f26b_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeThreeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise Price Range Three [Member]</link:label>
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    <link:label id="lab_ptv_AccountingPoliciesLineItems_b9d2f0c8-d2bf-47bd-a72e-3f74b2d08950_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesLineItems" xlink:href="ptv-20201231.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_LeasesAbstract_label_en-US" xlink:label="lab_ptv_LeasesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leases [Abstract]</link:label>
    <link:label id="lab_ptv_LeasesAbstract_documentation_en-US" xlink:label="lab_ptv_LeasesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leases [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeasesAbstract" xlink:href="ptv-20201231.xsd#ptv_LeasesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeasesAbstract" xlink:to="lab_ptv_LeasesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_9961b7ee-6510-4f6f-8782-7c7b996cf789_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement"/>
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    <link:label id="lab_ptv_FinanceLeasePaymentsReceivableLineItems_d274f064-3c49-4b82-8de9-90c9618cc66c_terseLabel_en-US" xlink:label="lab_ptv_FinanceLeasePaymentsReceivableLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance lease payments receivable [Line Items]</link:label>
    <link:label id="lab_ptv_FinanceLeasePaymentsReceivableLineItems_label_en-US" xlink:label="lab_ptv_FinanceLeasePaymentsReceivableLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance lease payments receivable [Line Items]</link:label>
    <link:label id="lab_ptv_FinanceLeasePaymentsReceivableLineItems_documentation_en-US" xlink:label="lab_ptv_FinanceLeasePaymentsReceivableLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance lease payments receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceLeasePaymentsReceivableLineItems" xlink:href="ptv-20201231.xsd#ptv_FinanceLeasePaymentsReceivableLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceLeasePaymentsReceivableLineItems" xlink:to="lab_ptv_FinanceLeasePaymentsReceivableLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_c0300d4c-49ef-4fa8-9e82-219972418a83_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about borrowings [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about borrowings [line items]</link:label>
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    <link:label id="lab_ptv_DameMarjorieScardinoMember_0a85b5ad-42ab-4699-99ea-f7ffec437b77_terseLabel_en-US" xlink:label="lab_ptv_DameMarjorieScardinoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dame Marjorie Scardino</link:label>
    <link:label id="lab_ptv_DameMarjorieScardinoMember_label_en-US" xlink:label="lab_ptv_DameMarjorieScardinoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dame Marjorie Scardino [Member]</link:label>
    <link:label id="lab_ptv_DameMarjorieScardinoMember_documentation_en-US" xlink:label="lab_ptv_DameMarjorieScardinoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dame Marjorie Scardino</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DameMarjorieScardinoMember" xlink:href="ptv-20201231.xsd#ptv_DameMarjorieScardinoMember"/>
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    <link:label id="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock_754e4f6c-238d-40a7-9df2-7b65f1263a59_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of short-term and long-term portion of lease liability</link:label>
    <link:label id="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of short-term and long-term portion of lease liability [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock" xlink:to="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsLineItems_efa2c70f-9f73-4962-9ca7-3b9da9b98a34_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Controlling Interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsLineItems" xlink:href="ptv-20201231.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_ScheduleOfContractBalancesTextBlock_d3d7a511-d2e8-4779-85fa-aaeae43328c1_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfContractBalancesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Contract Balances</link:label>
    <link:label id="lab_ptv_ScheduleOfContractBalancesTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfContractBalancesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Contract Balances [Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfContractBalancesTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfContractBalancesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Contract Balances</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfContractBalancesTextBlock" xlink:href="ptv-20201231.xsd#ptv_ScheduleOfContractBalancesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfContractBalancesTextBlock" xlink:to="lab_ptv_ScheduleOfContractBalancesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_77ef0ef4-df76-4441-b8fe-8a905fa318c9_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Asset Increase/ (Decrease)</link:label>
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    <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_ptv_MinimumLiquidationPreferenceTable_7c874b19-e91f-4175-851b-31d383e36694_terseLabel_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Minimum liquidation preference [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MinimumLiquidationPreferenceTable" xlink:href="ptv-20201231.xsd#ptv_MinimumLiquidationPreferenceTable"/>
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    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability_b45932f8-1edc-4383-b2d6-db0cf73084f4_terseLabel_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain/(Loss) from change 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_ParValuePerShare_ce9677a7-2202-4edd-8d57-4a30a4ac2fb9_terseLabel_en-US" xlink:label="lab_ifrs-full_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Par value 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Par value per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ParValuePerShare" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ParValuePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ParValuePerShare" xlink:to="lab_ifrs-full_ParValuePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentsRightOfUseAssets_af2bc0f4-df5d-4ed5-a144-28dce762745e_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments</link:label>
    <link:label id="lab_ptv_AdjustmentsRightOfUseAssets_label_en-US" xlink:label="lab_ptv_AdjustmentsRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments, right-of-use assets</link:label>
    <link:label id="lab_ptv_AdjustmentsRightOfUseAssets_documentation_en-US" xlink:label="lab_ptv_AdjustmentsRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments, right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsRightOfUseAssets" xlink:href="ptv-20201231.xsd#ptv_AdjustmentsRightOfUseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentsRightOfUseAssets" xlink:to="lab_ptv_AdjustmentsRightOfUseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RestatementDomain_43c74656-c142-46a9-8687-48c26a346182_terseLabel_en-US" xlink:label="lab_srt_RestatementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revision of Prior Period [Domain]</link:label>
    <link:label id="lab_srt_RestatementDomain_label_en-US" xlink:label="lab_srt_RestatementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revision of Prior Period [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RestatementDomain" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RestatementDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RestatementDomain" xlink:to="lab_srt_RestatementDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechManagementMember_274c4bbe-31c3-4579-b2ef-c9d6a70d5f5c_verboseLabel_en-US" xlink:label="lab_ptv_PureTechManagementMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">PureTech Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechManagementMember" xlink:href="ptv-20201231.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_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_78278f8a-a1fc-4f14-b248-4bb965bfcfec_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about borrowings [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about borrowings [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_A2017PerformanceBasedRSUMember_d83b6ee1-3ad6-4512-b340-d644b8b1d0ac_terseLabel_en-US" xlink:label="lab_ptv_A2017PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2017 Performance Based RSU [Member]</link:label>
    <link:label id="lab_ptv_A2017PerformanceBasedRSUMember_label_en-US" xlink:label="lab_ptv_A2017PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2017 Performance Based RSU [Member]</link:label>
    <link:label id="lab_ptv_A2017PerformanceBasedRSUMember_documentation_en-US" xlink:label="lab_ptv_A2017PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2017 Performance Based RSU</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_A2017PerformanceBasedRSUMember" xlink:href="ptv-20201231.xsd#ptv_A2017PerformanceBasedRSUMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_A2017PerformanceBasedRSUMember" xlink:to="lab_ptv_A2017PerformanceBasedRSUMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_34deb9ce-6bb4-4eef-a972-516e1d27491f_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lease liability, non-current</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_68cf4d95-2377-4577-a816-8641f0a6c89f_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLeaseLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_TypesOfRisksAxis_76bff951-4be0-4b50-8727-f2696a7f67de_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of risks [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfRisksAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of risks [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfRisksAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfRisksAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksAxis" xlink:to="lab_ifrs-full_TypesOfRisksAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries_f36fc5ec-eba3-40bc-a02c-90104a8e5a03_terseLabel_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Audit of the financial statements of subsidiaries</link:label>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries_label_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Audit of financial statements of subsidiaries</link:label>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries_documentation_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Audit of financial statements of subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:href="ptv-20201231.xsd#ptv_AuditOfFinancialStatementsOfSubsidiaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:to="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MrChristopherViehbacherMember_bc856318-8fea-4526-a7a5-0c9931254a04_terseLabel_en-US" xlink:label="lab_ptv_MrChristopherViehbacherMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mr Christopher Viehbacher</link:label>
    <link:label id="lab_ptv_MrChristopherViehbacherMember_label_en-US" xlink:label="lab_ptv_MrChristopherViehbacherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mr Christopher Viehbacher [Member]</link:label>
    <link:label id="lab_ptv_MrChristopherViehbacherMember_documentation_en-US" xlink:label="lab_ptv_MrChristopherViehbacherMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mr Christopher Viehbacher</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MrChristopherViehbacherMember" xlink:href="ptv-20201231.xsd#ptv_MrChristopherViehbacherMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MrChristopherViehbacherMember" xlink:to="lab_ptv_MrChristopherViehbacherMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MiscellaneousOtherOperatingExpense_e0248c19-6c0b-4299-bac7-80eb46b9316e_totalLabel_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Miscellaneous other operating expense</link:label>
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    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding_93d1ab68-4e63-42f0-b184-5c6a868b8854_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maximum authorized amount, percentage of ordinary shares outstanding</link:label>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_e52b1fdc-756f-4ec0-a3be-d331c5054dac_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expired During the Year</link:label>
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    <link:label id="lab_ifrs-full_GeographicalAreasMember_0aeb6b2f-8839-40bc-8780-25dabb8d6e75_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Geographical areas [member]</link:label>
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    <link:label id="lab_ptv_GainOnForgivenessOfDebt_9aa947bc-55cc-4cfd-8033-4267841574dd_terseLabel_en-US" xlink:label="lab_ptv_GainOnForgivenessOfDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on forgiveness of debt</link:label>
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    <link:label id="lab_ptv_OperatingExpenseCategoryAxis_dd59c12c-d888-4b3e-a2d1-7bfca8042bbc_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expense Category [Axis]</link:label>
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    <link:label id="lab_ptv_ChangeInFairValue_d5666494-80ec-4e69-b8a0-5b883030c650_verboseLabel_en-US" xlink:label="lab_ptv_ChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase in value of preferred shares measured at fair value</link:label>
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    <link:label id="lab_ptv_AccountingPoliciesTable_7d321999-4381-4560-b29f-b7ad9f2ceccc_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies [Table]</link:label>
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    <link:label id="lab_ifrs-full_TypesOfCustomersAxis_4d980551-7570-4827-8a56-3c38574ac88b_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of customers [axis]</link:label>
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    <link:label id="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTextBlock_1d2b027d-e1dd-47be-a867-62d89ee91845_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of recognized income tax expense</link:label>
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    <link:label id="lab_ptv_BudgetEstimateToSatisfyRevenuePerformanceObligation_16a498c6-5465-40cd-ad60-8b0678b3611c_terseLabel_en-US" xlink:label="lab_ptv_BudgetEstimateToSatisfyRevenuePerformanceObligation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revenue</link:label>
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    <link:label id="lab_ptv_BudgetEstimateToSatisfyRevenuePerformanceObligation_documentation_en-US" xlink:label="lab_ptv_BudgetEstimateToSatisfyRevenuePerformanceObligation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Budget estimate to satisfy revenue performance obligation</link:label>
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    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems_ea8b89cb-f640-4c35-95b7-54fe8ee81bee_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Line Items]</link:label>
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    <link:label id="lab_ifrs-full_EquityMember_979d2742-15ed-4b04-a370-80c2eee56ac6_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity [member]</link:label>
    <link:label id="lab_ifrs-full_EquityMember_label_en-US" xlink:label="lab_ifrs-full_EquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity [member]</link:label>
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    <link:label id="lab_dei_EntityAddressAddressLine1_8ede0b88-9843-4e3c-b7c7-1f7d37e604b3_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
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    <link:label id="lab_dei_EntityAddressAddressLine2_ad5f3004-be78-4298-b7e9-83e4b9a0970c_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line Two</link:label>
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    <link:label id="lab_ptv_DeconsolidationGainLossAmount_e82cb886-860c-4016-ac72-7369af5d6e55_terseLabel_en-US" xlink:label="lab_ptv_DeconsolidationGainLossAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on deconsolidation</link:label>
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    <link:label id="lab_ptv_DeconsolidationGainLossAmount_documentation_en-US" xlink:label="lab_ptv_DeconsolidationGainLossAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidation, Gain (Loss), Amount</link:label>
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    <link:label id="lab_ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable_eeb67240-bb56-4ac2-9dc7-3fc9b76df6da_terseLabel_en-US" xlink:label="lab_ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term and Long-term portion of lease liability [Table]</link:label>
    <link:label id="lab_ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable_label_en-US" xlink:label="lab_ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term and Long-term portion of lease liability [Table]</link:label>
    <link:label id="lab_ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable_documentation_en-US" xlink:label="lab_ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term and Long-term portion of lease liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable" xlink:href="ptv-20201231.xsd#ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable" xlink:to="lab_ptv_ShortTermAndLongTermPortionOfLeaseLiabilityTable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_ec171cbc-9416-4d5c-84b3-687336d125e6_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
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    <link:label id="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_5433f1b8-462e-47e9-b1b7-3fc64d58f091_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted-average statutory rate</link:label>
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    <link:label id="lab_ptv_ConvertibleNotesTable_af7908ea-7e10-4c40-859a-48fe05918ebc_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible Notes [Table]</link:label>
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    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate_959b06e8-3762-4c16-a15f-deff943aa671_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proportion of ownership interest in associate</link:label>
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    <link:label id="lab_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember_954125b6-fbbd-42a0-9bfc-ee9bb89a1f63_terseLabel_en-US" xlink:label="lab_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Volatility</link:label>
    <link:label id="lab_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember_f4c7c6db-0907-4a73-86cb-2048e1414255_verboseLabel_en-US" xlink:label="lab_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected volatility</link:label>
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    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_e44ed9c3-c021-4e8b-b88a-b3a2d9e5dd24_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payment of lease liability</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about intangible assets [abstract]</link:label>
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    <link:label id="lab_ptv_FinanceCostsAbstract_283ca3a6-4297-494f-afc3-748994c10175_terseLabel_en-US" xlink:label="lab_ptv_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance costs [Abstract]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance costs [Abstract]</link:label>
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    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_b094bc0a-6ff2-42dc-b7ce-d9c569c0837b_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
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    <link:label id="lab_ifrs-full_AdjustmentsForSharebasedPayments_93a6940e-b51b-4a3c-aee1-1ce69f27599a_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity settled share-based payment expense</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForSharebasedPayments" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForSharebasedPayments"/>
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    <link:label id="lab_ptv_LeasesRentalTable_d695a8ac-41e4-4e74-bf2e-8550b9eaecb9_terseLabel_en-US" xlink:label="lab_ptv_LeasesRentalTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leases - Rental [Table]</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leases - Rental [Table]</link:label>
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    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets_e27844c2-fe6f-4b67-8225-4eabce7b59ce_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Prepaid expenses and other current assets</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets"/>
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    <link:label id="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory_d7ab6a0e-7a47-4986-894e-ed327162648b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOtherAssetsExplanatory"/>
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    <link:label id="lab_srt_MaximumMember_8804e3d8-f1e2-4136-bbfd-51f414649921_terseLabel_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maximum</link:label>
    <link:label id="lab_srt_MaximumMember_label_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maximum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MaximumMember"/>
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    <link:label id="lab_ptv_MeasurementInputProbabilityOfOccurrenceMember_d8270a62-06c0-418e-aa65-796a37c25ad0_terseLabel_en-US" xlink:label="lab_ptv_MeasurementInputProbabilityOfOccurrenceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Probability Of Occurrence</link:label>
    <link:label id="lab_ptv_MeasurementInputProbabilityOfOccurrenceMember_label_en-US" xlink:label="lab_ptv_MeasurementInputProbabilityOfOccurrenceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Probability Of Occurrence [Member]</link:label>
    <link:label id="lab_ptv_MeasurementInputProbabilityOfOccurrenceMember_documentation_en-US" xlink:label="lab_ptv_MeasurementInputProbabilityOfOccurrenceMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Probability Of Occurrence</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MeasurementInputProbabilityOfOccurrenceMember" xlink:href="ptv-20201231.xsd#ptv_MeasurementInputProbabilityOfOccurrenceMember"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherOperatingPayables_f7753548-4481-4f7a-afa0-d049ff5179cf_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherOperatingPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other liabilities</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherOperatingPayables_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherOperatingPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments for increase (decrease) in other operating payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherOperatingPayables" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherOperatingPayables"/>
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    <link:label id="lab_dei_ContactPersonnelName_742e70c8-d5d0-4c92-bb5a-91755beaf372_terseLabel_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contact Personnel Name</link:label>
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    <link:label id="lab_ifrs-full_MajorOrdinaryShareTransactionsMember_22088b78-238d-4caa-878c-c1e9aa45feb2_terseLabel_en-US" xlink:label="lab_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Major ordinary share transactions [member]</link:label>
    <link:label id="lab_ifrs-full_MajorOrdinaryShareTransactionsMember_label_en-US" xlink:label="lab_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Major ordinary share transactions [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MajorOrdinaryShareTransactionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:to="lab_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_07d1017d-3bab-48b2-aa94-b4ebe772cde7_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net cash provided by 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash flows from (used in) financing activities</link:label>
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    <link:label id="lab_ptv_DisclosureOfLongTermLoanObligationsTextBlock_ea542497-928d-465b-b05d-96e5418ae72b_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfLongTermLoanObligationsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Long-term loan obligations</link:label>
    <link:label id="lab_ptv_DisclosureOfLongTermLoanObligationsTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfLongTermLoanObligationsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of long-term loan obligations [Text Block]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfLongTermLoanObligationsTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfLongTermLoanObligationsTextBlock"/>
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    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_556b0beb-a242-45e9-9a76-6e319b80b947_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-controlling interests</link:label>
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    <link:label id="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived_1311e1b5-8221-4c87-8454-475f12e7b593_terseLabel_en-US" xlink:label="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived"/>
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    <link:label id="lab_ifrs-full_Goodwill_849444ca-cc85-42a1-8071-ffc191f746db_terseLabel_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Goodwill</link:label>
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    <link:label id="lab_ptv_InvestmentsHeldAtFairValueLineItems_7ad69cdd-d3d6-4185-8e76-5a7e36dc03ae_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments held at fair value [Line Items]</link:label>
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    <link:label id="lab_ifrs-full_RentalExpense_488c7c5e-f840-420e-bb6c-fe123fe57faf_terseLabel_en-US" xlink:label="lab_ifrs-full_RentalExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rental expense</link:label>
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    <link:label id="lab_ptv_InvestmentsHeldAtFairValueMember_205dfac1-fdf6-4fbc-b9d7-118799d0ce67_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueMember" xlink:href="ptv-20201231.xsd#ptv_InvestmentsHeldAtFairValueMember"/>
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    <link:label id="lab_ptv_EarningsLossPerShareTable_f6ab4ae7-f33d-435c-bd70-823e9b564b8c_terseLabel_en-US" xlink:label="lab_ptv_EarningsLossPerShareTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Loss per Share [Table]</link:label>
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    <link:label id="lab_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount_06ddf2fc-0792-455b-9e84-0ae5eaef5c8f_terseLabel_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt instrument, payment terms, final fee trigger amount</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount" xlink:href="ptv-20201231.xsd#ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_c28a490b-16bf-4061-8f88-d07a77991f58_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade and other payables</link:label>
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    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_7580e996-2d74-4627-b180-97ad9b9833d6_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade and other receivables</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems_ff6fe2ec-1fe7-4d75-803c-c3b44bb44144_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [line items]</link:label>
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    <link:label id="lab_ptv_AdjustmentsForShareOfNetIncomelossOfAssociate_133951be-5e98-46b8-aa9f-06491b42bbee_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForShareOfNetIncomelossOfAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of net (income)/loss of associates accounted for using the equity method</link:label>
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    <link:label id="lab_ifrs-full_MajorCustomersMember_0f296f08-7c54-45aa-a697-75f59828424d_terseLabel_en-US" xlink:label="lab_ifrs-full_MajorCustomersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Customers over 10% of revenue*</link:label>
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    <link:label id="lab_dei_EntityShellCompany_cfcd0803-f90b-48a4-8772-693281094ede_terseLabel_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Shell Company</link:label>
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    <link:label id="lab_ptv_SubsidiaryPreferredSharesLineItems_b1f5432c-d4e5-4b5d-999e-4c7ebd00a3cf_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Preferred Shares [Line Items]</link:label>
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    <link:label id="lab_ifrs-full_RangesMember_90d245dc-c680-479e-9550-6900c44e7176_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ranges [member]</link:label>
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    <link:label id="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment_0e9a3f67-7c73-4969-b136-ee534a6421d9_terseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidation of subsidiaries</link:label>
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    <link:label id="lab_ptv_CashInvestmentInAssociate_6800d2eb-f00d-40b4-b2d1-bcb3f137d112_terseLabel_en-US" xlink:label="lab_ptv_CashInvestmentInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash investment in Associate</link:label>
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    <link:label id="lab_ifrs-full_AverageEffectiveTaxRate_9b2ef311-045b-4bd9-a774-9f94ff3c5f6f_totalLabel_en-US" xlink:label="lab_ifrs-full_AverageEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Average effective tax rate</link:label>
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    <link:label id="lab_ptv_SeriesA1PreferredMember_bec7069d-d906-4874-aec3-1b7152545db8_terseLabel_en-US" xlink:label="lab_ptv_SeriesA1PreferredMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series A-1 Preferred [Member]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_815759bd-faa5-4aa7-8772-744903ff6f58_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property and Equipment</link:label>
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    <link:label id="lab_ptv_NumberOfSharesHeld_2339f88e-6530-4e95-b2b0-bfb0daee526c_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number Of Shares Held</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number Of Shares Held</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesHeld" xlink:href="ptv-20201231.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_ifrs-full_BottomOfRangeMember_f10e3bf2-1ca6-4aa4-a926-6f08c8333c75_terseLabel_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bottom of range [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bottom of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BottomOfRangeMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_ConversionToCommon_11b661f7-5650-4bf9-afb0-9fc5c0bf6cb8_terseLabel_en-US" xlink:label="lab_ptv_ConversionToCommon" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion to common</link:label>
    <link:label id="lab_ptv_ConversionToCommon_label_en-US" xlink:label="lab_ptv_ConversionToCommon" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion to common</link:label>
    <link:label id="lab_ptv_ConversionToCommon_documentation_en-US" xlink:label="lab_ptv_ConversionToCommon" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion to common</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConversionToCommon" xlink:href="ptv-20201231.xsd#ptv_ConversionToCommon"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConversionToCommon" xlink:to="lab_ptv_ConversionToCommon" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfAssociatesLineItems_b756f8f5-f11d-4fca-8a51-722086604ac2_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfAssociatesLineItems" xlink:href="ptv-20201231.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_DisclosureOfLeasesExplanatory_79bf11e8-167b-4665-b7f1-fe1ff4f8871c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leases</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of leases [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfLeasesExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_4a3df254-457f-4421-b597-1f4c4b3425eb_terseLabel_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_RateOfAccretionOnPreferredShares_4218a1ca-8905-4940-b549-08163767d40e_terseLabel_en-US" xlink:label="lab_ptv_RateOfAccretionOnPreferredShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accretion on preferred shares</link:label>
    <link:label id="lab_ptv_RateOfAccretionOnPreferredShares_label_en-US" xlink:label="lab_ptv_RateOfAccretionOnPreferredShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of accretion on preferred shares</link:label>
    <link:label id="lab_ptv_RateOfAccretionOnPreferredShares_documentation_en-US" xlink:label="lab_ptv_RateOfAccretionOnPreferredShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of accretion on preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfAccretionOnPreferredShares" xlink:href="ptv-20201231.xsd#ptv_RateOfAccretionOnPreferredShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfAccretionOnPreferredShares" xlink:to="lab_ptv_RateOfAccretionOnPreferredShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncome_7c1712fd-324e-4b90-ac53-9f9c5cacdfd4_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_NumberOfSharesIssued_c035dd44-96e8-4c31-929b-64b6981cf4c3_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance Share Capital (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_009f13b9-bbee-4188-acf1-37c475e6bc1d_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance Share Capital (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_6f41f375-2f21-4908-ac30-e55898a1b269_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares issued</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesIssued" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_DrJohnLaMattinaIndividuallyMember_002d933c-ffae-484d-a838-5fc78133cd93_terseLabel_en-US" xlink:label="lab_ptv_DrJohnLaMattinaIndividuallyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr John LaMattina (individually)</link:label>
    <link:label id="lab_ptv_DrJohnLaMattinaIndividuallyMember_label_en-US" xlink:label="lab_ptv_DrJohnLaMattinaIndividuallyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr John LaMattina (individually) [Member]</link:label>
    <link:label id="lab_ptv_DrJohnLaMattinaIndividuallyMember_documentation_en-US" xlink:label="lab_ptv_DrJohnLaMattinaIndividuallyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr John LaMattina (individually)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrJohnLaMattinaIndividuallyMember" xlink:href="ptv-20201231.xsd#ptv_DrJohnLaMattinaIndividuallyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrJohnLaMattinaIndividuallyMember" xlink:to="lab_ptv_DrJohnLaMattinaIndividuallyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfInterestRatesAxis_05b4f8f3-709d-4db7-88b8-829369ecb67b_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of interest rates [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfInterestRatesAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of interest rates [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfInterestRatesAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfInterestRatesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfInterestRatesAxis" xlink:to="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_e2d3f28c-29ad-463d-936c-2aeeec2abe89_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_ifrs-full_GrossCarryingAmountMember_a2833046-942f-45bb-81d6-19de2ba1904a_verboseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cost</link:label>
    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_64b57118-0acd-4390-9e24-d5e8d84fa0a8_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Principal</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross carrying amount [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossCarryingAmountMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_SharePremiumMember_3647463b-7084-4762-bbeb-c289ac729fb5_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share premium [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share premium [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremiumMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharePremiumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremiumMember" xlink:to="lab_ifrs-full_SharePremiumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RelatedPartyTransactionsKeyManagementPersonnelCompensationAbstract_label_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsKeyManagementPersonnelCompensationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related Party Transactions - Key Management Personnel Compensation [Abstract]</link:label>
    <link:label id="lab_ptv_RelatedPartyTransactionsKeyManagementPersonnelCompensationAbstract_documentation_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsKeyManagementPersonnelCompensationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related Party Transactions - Key Management Personnel Compensation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RelatedPartyTransactionsKeyManagementPersonnelCompensationAbstract" xlink:href="ptv-20201231.xsd#ptv_RelatedPartyTransactionsKeyManagementPersonnelCompensationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RelatedPartyTransactionsKeyManagementPersonnelCompensationAbstract" xlink:to="lab_ptv_RelatedPartyTransactionsKeyManagementPersonnelCompensationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingExpensesTable_9e8b9558-d9ae-4d03-8041-b18f7c148808_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpensesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expenses [Table]</link:label>
    <link:label id="lab_ptv_OperatingExpensesTable_label_en-US" xlink:label="lab_ptv_OperatingExpensesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expenses [Table]</link:label>
    <link:label id="lab_ptv_OperatingExpensesTable_documentation_en-US" xlink:label="lab_ptv_OperatingExpensesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expenses [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingExpensesTable" xlink:href="ptv-20201231.xsd#ptv_OperatingExpensesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingExpensesTable" xlink:to="lab_ptv_OperatingExpensesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NeitherPastDueOrImpairedTable_b69e98e3-4906-40be-9de9-297fc14de5b0_terseLabel_en-US" xlink:label="lab_ptv_NeitherPastDueOrImpairedTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Neither Past due or impaired [Table]</link:label>
    <link:label id="lab_ptv_NeitherPastDueOrImpairedTable_label_en-US" xlink:label="lab_ptv_NeitherPastDueOrImpairedTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Neither Past due or impaired [Table]</link:label>
    <link:label id="lab_ptv_NeitherPastDueOrImpairedTable_documentation_en-US" xlink:label="lab_ptv_NeitherPastDueOrImpairedTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Neither Past due or impaired [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NeitherPastDueOrImpairedTable" xlink:href="ptv-20201231.xsd#ptv_NeitherPastDueOrImpairedTable"/>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitments And Contingencies [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommitmentsAndContingenciesAbstract" xlink:href="ptv-20201231.xsd#ptv_CommitmentsAndContingenciesAbstract"/>
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    <link:label id="lab_ptv_GrossPrincipal_documentation_en-US" xlink:label="lab_ptv_GrossPrincipal" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Principal</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GrossPrincipal" xlink:href="ptv-20201231.xsd#ptv_GrossPrincipal"/>
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    <link:label id="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis_4595e0ff-e326-481e-9eda-99c3f33ad3ee_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, adjustment to interest rate basis</link:label>
    <link:label id="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis_label_en-US" xlink:label="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, adjustment to interest rate basis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsAdjustmentToInterestRateBasis"/>
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    <link:label id="lab_ptv_DisclosureOfLeaseLiabilitiesTextBlock_d33d7372-53cf-4844-a3d9-91d399b9560b_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfLeaseLiabilitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Lease Liabilities</link:label>
    <link:label id="lab_ptv_DisclosureOfLeaseLiabilitiesTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfLeaseLiabilitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Lease Liabilities [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfLeaseLiabilitiesTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfLeaseLiabilitiesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Lease Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfLeaseLiabilitiesTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfLeaseLiabilitiesTextBlock"/>
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    <link:label id="lab_ptv_TotalFinanceIncomeCost_72079b80-92f3-41da-9b28-71f98725576f_totalLabel_en-US" xlink:label="lab_ptv_TotalFinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Finance Income Cost</link:label>
    <link:label id="lab_ptv_TotalFinanceIncomeCost_label_en-US" xlink:label="lab_ptv_TotalFinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Finance Income Cost</link:label>
    <link:label id="lab_ptv_TotalFinanceIncomeCost_documentation_en-US" xlink:label="lab_ptv_TotalFinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Finance Income Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TotalFinanceIncomeCost" xlink:href="ptv-20201231.xsd#ptv_TotalFinanceIncomeCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TotalFinanceIncomeCost" xlink:to="lab_ptv_TotalFinanceIncomeCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTextBlock_bc2bdccc-d0f5-4eca-a0cb-559fefc70d91_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of estimated useful life of assets</link:label>
    <link:label id="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of estimated useful life of assets [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of estimated useful life of assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTextBlock"/>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_6c0d87a9-3701-45f1-bae3-b1dcfc03b721_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average exercise price, options granted (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_d81a194e-e7d4-4b1f-b9e1-cd3745de1bc3_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average exercise price</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019"/>
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    <link:label id="lab_ptv_KarunaMember_1edb5f9b-2cf0-4636-84d0-30c8eb50d37b_verboseLabel_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Karuna Pharmaceuticals, Inc.</link:label>
    <link:label id="lab_ptv_KarunaMember_ada61d0f-3db4-4227-9fe2-c9a282c58f32_terseLabel_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Karuna [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Karuna</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_KarunaMember" xlink:href="ptv-20201231.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_Level3OfFairValueHierarchyMember_d93c9ade-2f07-40d3-b529-99f3ddef7508_terseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Level 3 of fair value hierarchy [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Level3OfFairValueHierarchyMember"/>
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    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_2c5e8aa2-0d13-4e9b-bd0f-ddbe8f334dce_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Taxation</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_eb8993e0-9252-4cc6-a4f1-90ebfc9055a0_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_2eae9337-527b-491d-955c-7bb9f2288fd2_totalLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_EarningsCategoryAxis_74fd497f-a72f-45bd-bfba-54f0a0adb5c7_terseLabel_en-US" xlink:label="lab_ptv_EarningsCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Category Axis [Axis]</link:label>
    <link:label id="lab_ptv_EarningsCategoryAxis_label_en-US" xlink:label="lab_ptv_EarningsCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Category [Axis]</link:label>
    <link:label id="lab_ptv_EarningsCategoryAxis_documentation_en-US" xlink:label="lab_ptv_EarningsCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EarningsCategoryAxis" xlink:href="ptv-20201231.xsd#ptv_EarningsCategoryAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EarningsCategoryAxis" xlink:to="lab_ptv_EarningsCategoryAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCurrentLiabilities_469d4a18-cf01-435c-8015-aab0aa4aa50b_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other current liabilities</link:label>
    <link:label id="lab_ifrs-full_OtherCurrentLiabilities_label_en-US" xlink:label="lab_ifrs-full_OtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCurrentLiabilities" xlink:to="lab_ifrs-full_OtherCurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_6a620ff9-a728-4186-a61b-fc4458fcb1ec_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exchange differences</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) through net exchange differences, property, plant and equipment</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_83d0b3b6-c76a-414d-98f5-00ad329b8356_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_dccc4d90-9444-4a34-98ba-2876dccc890b_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2023</link:label>
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    <link:label id="lab_ifrs-full_NetDeferredTaxAssets_label_en-US" xlink:label="lab_ifrs-full_NetDeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net deferred tax assets</link:label>
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    <link:label id="lab_ifrs-full_NotionalAmount_label_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Notional amount</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_b9c83ae4-034f-40c1-aa25-46f8c93735c0_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems"/>
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    <link:label id="lab_ptv_RateOfBudgetEstimateToSatisfyRevenuePerformanceObligation_bd6868a5-3597-4058-9881-7069b9b4f8d4_terseLabel_en-US" xlink:label="lab_ptv_RateOfBudgetEstimateToSatisfyRevenuePerformanceObligation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Budgeted costs to complete</link:label>
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    <link:label id="lab_ptv_RateOfBudgetEstimateToSatisfyRevenuePerformanceObligation_documentation_en-US" xlink:label="lab_ptv_RateOfBudgetEstimateToSatisfyRevenuePerformanceObligation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of Budget estimate to satisfy revenue performance obligation</link:label>
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    <link:label id="lab_ifrs-full_AdjustmentsForIncomeTaxExpense_29def87f-c01c-43e6-ab24-c9b20ce7f092_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income taxes, net</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments for income tax expense</link:label>
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    <link:label id="lab_ptv_IncreaseDecreaseThroughVestingOfRSUEquity_5475b1ba-cd36-4b60-9ff5-842e308fdb40_terseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughVestingOfRSUEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vesting of restricted stock units (RSU)</link:label>
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    <link:label id="lab_ptv_IncreaseDecreaseThroughVestingOfRSUEquity_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughVestingOfRSUEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase Decrease through vesting of RSU, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughVestingOfRSUEquity" xlink:href="ptv-20201231.xsd#ptv_IncreaseDecreaseThroughVestingOfRSUEquity"/>
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    <link:label id="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate_163b655a-6ae1-4a3c-a4d4-26953ae3e15d_terseLabel_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of investment to investment in associate</link:label>
    <link:label id="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate_label_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of investment to investment in associate</link:label>
    <link:label id="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate_documentation_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of investment to investment in associate</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_718d65de-c6c4-496d-8884-7c1dbc2c9383_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average exercise price, options forfeited (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_be347867-d65c-4ad7-ad56-276e556856b3_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average exercise price</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average exercise price of share options forfeited in share-based payment arrangement</link:label>
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    <link:label id="lab_ptv_EnterpriseValueMeasurementInput1Member_a9e8ab7a-a5d1-42bd-ab6b-aac2725ad982_terseLabel_en-US" xlink:label="lab_ptv_EnterpriseValueMeasurementInput1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Enterprise Value</link:label>
    <link:label id="lab_ptv_EnterpriseValueMeasurementInput1Member_8036ff3b-18d2-4d9b-9851-96b575b657f6_verboseLabel_en-US" xlink:label="lab_ptv_EnterpriseValueMeasurementInput1Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investee Enterprise Value</link:label>
    <link:label id="lab_ptv_EnterpriseValueMeasurementInput1Member_label_en-US" xlink:label="lab_ptv_EnterpriseValueMeasurementInput1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Enterprise Value, measurement input 1 [Member]</link:label>
    <link:label id="lab_ptv_EnterpriseValueMeasurementInput1Member_documentation_en-US" xlink:label="lab_ptv_EnterpriseValueMeasurementInput1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Enterprise Value, measurement input 1</link:label>
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    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember_d55a71b9-0616-41e3-9bd9-5a0bcf558666_terseLabel_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative Effect, Period of Adoption, Adjusted Balance</link:label>
    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember_label_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative Effect, Period of Adoption, Adjusted Balance [Member]</link:label>
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    <link:label id="lab_ptv_ShareBasedPaymentArrangementCashUsedToSettleAward_6a9e3107-95b4-475e-aa87-04e4e61f4af1_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementCashUsedToSettleAward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payment arrangement, cash settlement value</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementCashUsedToSettleAward_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementCashUsedToSettleAward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement, Cash Used to Settle Award</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementCashUsedToSettleAward_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementCashUsedToSettleAward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangement, Cash Used to Settle Award</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentArrangementCashUsedToSettleAward" xlink:href="ptv-20201231.xsd#ptv_ShareBasedPaymentArrangementCashUsedToSettleAward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentArrangementCashUsedToSettleAward" xlink:to="lab_ptv_ShareBasedPaymentArrangementCashUsedToSettleAward" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AggregatedMeasurementMember_c6dcc0dc-c11a-4770-b65d-0e0c6e641e60_terseLabel_en-US" xlink:label="lab_ifrs-full_AggregatedMeasurementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregated measurement [member]</link:label>
    <link:label id="lab_ifrs-full_AggregatedMeasurementMember_label_en-US" xlink:label="lab_ifrs-full_AggregatedMeasurementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregated measurement [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AggregatedMeasurementMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AggregatedMeasurementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AggregatedMeasurementMember" xlink:to="lab_ifrs-full_AggregatedMeasurementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnLossOfSignificantInfluence_95e207df-e86c-4bb4-8ced-38f1e6592452_terseLabel_en-US" xlink:label="lab_ptv_GainLossOnLossOfSignificantInfluence" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on loss of significant influence</link:label>
    <link:label id="lab_ptv_GainLossOnLossOfSignificantInfluence_label_en-US" xlink:label="lab_ptv_GainLossOnLossOfSignificantInfluence" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain/(Loss) on loss of significant influence</link:label>
    <link:label id="lab_ptv_GainLossOnLossOfSignificantInfluence_documentation_en-US" xlink:label="lab_ptv_GainLossOnLossOfSignificantInfluence" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain/(Loss) on loss of significant influence</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnLossOfSignificantInfluence" xlink:href="ptv-20201231.xsd#ptv_GainLossOnLossOfSignificantInfluence"/>
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    <link:label id="lab_ptv_KarunaTherapeuticsIncMember_ae126439-2d7e-4426-8a18-d17b8a63aa68_terseLabel_en-US" xlink:label="lab_ptv_KarunaTherapeuticsIncMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Karuna Therapeutics, Inc.</link:label>
    <link:label id="lab_ptv_KarunaTherapeuticsIncMember_label_en-US" xlink:label="lab_ptv_KarunaTherapeuticsIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Karuna Therapeutics, Inc. [Member]</link:label>
    <link:label id="lab_ptv_KarunaTherapeuticsIncMember_documentation_en-US" xlink:label="lab_ptv_KarunaTherapeuticsIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Karuna Therapeutics, Inc.</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_KarunaTherapeuticsIncMember" xlink:to="lab_ptv_KarunaTherapeuticsIncMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StateMember_2fa6eb1f-f687-4164-a7ff-4280576952e1_terseLabel_en-US" xlink:label="lab_ptv_StateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">State [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">State</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StateMember" xlink:href="ptv-20201231.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_NoncurrentContractLiabilities_150a4431-2734-4e22-9d29-976a6d3ead55_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_ifrs-full_NoncurrentContractLiabilities_b415190e-3339-480b-bc67-6ca26a8fd6c3_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred revenue &#8211; long term</link:label>
    <link:label id="lab_ifrs-full_NoncurrentContractLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current contract liabilities</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentContractLiabilities" xlink:to="lab_ifrs-full_NoncurrentContractLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherNotIncludingGelesisVedantaAndKarunaMember_9192e201-e3ab-4f47-9f82-6eca9c778463_terseLabel_en-US" xlink:label="lab_ptv_OtherNotIncludingGelesisVedantaAndKarunaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other not including Gelesis, Vedanta and Karuna [Member]</link:label>
    <link:label id="lab_ptv_OtherNotIncludingGelesisVedantaAndKarunaMember_label_en-US" xlink:label="lab_ptv_OtherNotIncludingGelesisVedantaAndKarunaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other not including Gelesis, Vedanta and Karuna [Member]</link:label>
    <link:label id="lab_ptv_OtherNotIncludingGelesisVedantaAndKarunaMember_documentation_en-US" xlink:label="lab_ptv_OtherNotIncludingGelesisVedantaAndKarunaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other not including Gelesis, Vedanta and Karuna</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherNotIncludingGelesisVedantaAndKarunaMember" xlink:href="ptv-20201231.xsd#ptv_OtherNotIncludingGelesisVedantaAndKarunaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherNotIncludingGelesisVedantaAndKarunaMember" xlink:to="lab_ptv_OtherNotIncludingGelesisVedantaAndKarunaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentShellCompanyReport_6acb7400-2250-429d-9525-1eb317e0c8f1_terseLabel_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_d58f5c4b-94f8-4043-bf96-136fb7b3a144_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_AuditorsRemunerationForAuditServices_753b3e83-a96e-4bac-9117-f3adf89c4fb1_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_DisclosureOfIntangibleAssetsTable_456e540a-fd70-4e01-8a02-4a2bd76134e6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable_8dd8ed08-8408-4e7d-957d-6db760ada98d_terseLabel_en-US" xlink:label="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unearned Finance income</link:label>
    <link:label id="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable_label_en-US" xlink:label="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unearned finance income relating to finance lease payments receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:to="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidatedLeaseLiabilities_11e3e9d4-b755-480e-9313-6b4a099008b0_terseLabel_en-US" xlink:label="lab_ptv_DeconsolidatedLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidated</link:label>
    <link:label id="lab_ptv_DeconsolidatedLeaseLiabilities_label_en-US" xlink:label="lab_ptv_DeconsolidatedLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidated Lease Liabilities</link:label>
    <link:label id="lab_ptv_DeconsolidatedLeaseLiabilities_documentation_en-US" xlink:label="lab_ptv_DeconsolidatedLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidated Lease Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidatedLeaseLiabilities" xlink:href="ptv-20201231.xsd#ptv_DeconsolidatedLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidatedLeaseLiabilities" xlink:to="lab_ptv_DeconsolidatedLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_fc5fed67-f09e-4f64-bba1-e2e5b11dc527_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2022</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_7551ef41-2f4a-477a-9a68-7f218c233302_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_BorrowingsByNameMember_f85c9551-0410-41ed-8413-499e564779ab_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings by name [member]</link:label>
    <link:label id="lab_ifrs-full_BorrowingsByNameMember_label_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings by name [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsByNameMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsByNameMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsByNameMember" xlink:to="lab_ifrs-full_BorrowingsByNameMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityVoluntaryFilers_6ff18085-1ea5-478b-bed9-af78c738f4ce_terseLabel_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_ee951336-a838-441f-9d43-e464a90ada04_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">(Gain)/loss on short-term investments</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments for decrease (increase) in financial assets held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue_c5d49fca-028f-4de8-a905-ad27d4f03cfa_terseLabel_en-US" xlink:label="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of associate's common stock held at fair value</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of associate common stock held at fair value</link:label>
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    <link:label id="lab_ptv_ResearchAndDevelopmentMember_1dd82f3a-7e8c-4d6e-84ba-8b617097dfc6_terseLabel_en-US" xlink:label="lab_ptv_ResearchAndDevelopmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Research And Development [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Research And Development</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ResearchAndDevelopmentMember" xlink:href="ptv-20201231.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_EffectsOfStateTaxRateInUS_aaaa7f1e-e213-4cc4-b2f6-25719ef4f210_terseLabel_en-US" xlink:label="lab_ptv_EffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effects of state tax rate in US</link:label>
    <link:label id="lab_ptv_EffectsOfStateTaxRateInUS_label_en-US" xlink:label="lab_ptv_EffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effects of state tax rate in US</link:label>
    <link:label id="lab_ptv_EffectsOfStateTaxRateInUS_documentation_en-US" xlink:label="lab_ptv_EffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effects of state tax rate in US</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EffectsOfStateTaxRateInUS" xlink:href="ptv-20201231.xsd#ptv_EffectsOfStateTaxRateInUS"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EffectsOfStateTaxRateInUS" xlink:to="lab_ptv_EffectsOfStateTaxRateInUS" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_3a7051de-a058-459b-bc73-ff156200c5e4_terseLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sales, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SalesFairValueMeasurementAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_SeriesA3PreferredMember_e32f352e-3032-47f1-8007-3d999f16dafc_terseLabel_en-US" xlink:label="lab_ptv_SeriesA3PreferredMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series A-3 Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesA3PreferredMember_label_en-US" xlink:label="lab_ptv_SeriesA3PreferredMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series A-3 Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesA3PreferredMember_documentation_en-US" xlink:label="lab_ptv_SeriesA3PreferredMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series A-3 Preferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesA3PreferredMember" xlink:href="ptv-20201231.xsd#ptv_SeriesA3PreferredMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesA3PreferredMember" xlink:to="lab_ptv_SeriesA3PreferredMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_ad9416b9-9847-468d-90e3-1bb580d5a694_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_DisclosureOfFinancialAssetsLineItems_d50aca9f-0709-4ea8-8e7f-00a25ed5f8ba_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_NoncurrentAssetsAbstract_8ba3ed9b-0805-44d0-b783-5d8d6b8be17e_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_SignificantSubsidiaryPlansAbstract_deb091b5-7913-4f2c-91a4-480fc00b31e1_terseLabel_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlansAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Subsidiary Plans [Abstract]</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlansAbstract_label_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlansAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Subsidiary Plans [Abstract]</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlansAbstract_documentation_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlansAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Significant Subsidiary Plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SignificantSubsidiaryPlansAbstract" xlink:href="ptv-20201231.xsd#ptv_SignificantSubsidiaryPlansAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SignificantSubsidiaryPlansAbstract" xlink:to="lab_ptv_SignificantSubsidiaryPlansAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherNoncurrentAssets_74a12613-d38a-4e2f-a3e6-716f9ede15af_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherNoncurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_FinanceIncomecostsAbstract_234ca7b8-725a-4136-a5a4-e4da2cd20c56_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomecostsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomecostsAbstract" xlink:href="ptv-20201231.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_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_7e86e8e0-58e5-49df-8bb6-05f07e1bd31f_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2024</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_d0b72ac9-e506-4e0a-80f0-a6428bb53c5e_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_SaleOfEquityInstrumentsInOtherEntities_d826dfab-754c-47a5-a21a-4ccd63d7d7e4_terseLabel_en-US" xlink:label="lab_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of equity instruments in other entities</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_ptv_CommitmentsAndContingenciesTable_b59d3715-0bb2-4642-aa03-dd450b430787_terseLabel_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommitmentsAndContingenciesTable" xlink:href="ptv-20201231.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_ptv_VedantaBiosciencesMember_d9bebc17-94bb-4194-b40a-f1a8ea288a54_verboseLabel_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vedanta Biosciences, Inc.</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesMember_0cafcc97-3358-4bf4-8481-5218fef06f27_terseLabel_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vedanta [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vedanta Biosciences</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaBiosciencesMember" xlink:href="ptv-20201231.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_ClassesOfAssetsMember_a52251d1-0d52-45a4-8e80-f59c1a58c0f6_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets [member]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfAssetsMember_label_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfAssetsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAssetsMember" xlink:to="lab_ifrs-full_ClassesOfAssetsMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_66899149-1245-4e77-945a-ee3dba5bbd20_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment [Table]</link:label>
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    <link:label id="lab_ifrs-full_TopOfRangeMember_85c50cf7-4403-412e-850f-c69ec538a4ef_terseLabel_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Top of range [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Top of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TopOfRangeMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TopOfRangeMember"/>
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    <link:label id="lab_ptv_LaboratoryAndManufacturingEquipmentMember_6b35b6d9-f10c-4f9a-be75-84b95bcd881e_terseLabel_en-US" xlink:label="lab_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Laboratory and Manufacturing Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:href="ptv-20201231.xsd#ptv_LaboratoryAndManufacturingEquipmentMember"/>
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    <link:label id="lab_ifrs-full_CorporateLoansMember_caceb457-4994-432d-832d-bb8d89beb999_terseLabel_en-US" xlink:label="lab_ifrs-full_CorporateLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Money Markets [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans to corporate entities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CorporateLoansMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock_bf858c02-9e64-4858-a623-42900c8970a7_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of financial liabilities - Warrants, weighted-average assumptions</link:label>
    <link:label id="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of financial liabilities - Warrants, weighted-average assumptions [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of financial liabilities - Warrants, weighted-average assumptions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock" xlink:to="lab_ptv_DisclosureOfFinancialLiabilitiesWarrantsWeightedAverageAssumptionsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding_a13a0a69-5479-4893-ba99-bc886fb4e7da_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of placing shares (in shares)</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract_a13fa0e3-b1e2-4b23-839f-69c883d2f82e_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharesAndAdjustedWeightedAverageSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average ordinary shares and adjusted weighted average ordinary shares [abstract]</link:label>
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    <link:label id="lab_ptv_DeconsolidationRightOfUseAssets_76cd0dd4-d880-425c-9413-1e9124d13b77_terseLabel_en-US" xlink:label="lab_ptv_DeconsolidationRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidated</link:label>
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    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_30a85d07-7923-4af0-9972-63d970459060_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ranges of exercise prices for outstanding share options [axis]</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital And Financial Risk Management [Abstract]</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019_319293f1-7dcd-4519-b8b9-4023acc19ba0_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average exercise price, options exercised (in GBP per share)</link:label>
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    <link:label id="lab_ptv_ShareBasedPaymentLineItems_b760dccd-8e4c-41a3-8e34-d13abcc7b87b_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentLineItems" xlink:href="ptv-20201231.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_ifrs-full_DisclosureOfFinancialLiabilitiesTable_b7fdfb45-6a1a-4d11-a34f-e4f9a6ed2ed4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of financial liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_234b7c92-5f2f-4c1b-9273-dd79cda78037_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_FinanceIncomecostsSubsidiaryPreferredShares_85eb225f-78cf-4bbf-9dc0-e75c5b48f1f8_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomecostsSubsidiaryPreferredShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) &#8211; subsidiary preferred shares</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsSubsidiaryPreferredShares_62431c56-9026-42a3-8468-11e042cf42c9_totalLabel_en-US" xlink:label="lab_ptv_FinanceIncomecostsSubsidiaryPreferredShares" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Finance income/(costs) - subsidiary preferred shares</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsSubsidiaryPreferredShares_label_en-US" xlink:label="lab_ptv_FinanceIncomecostsSubsidiaryPreferredShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) - subsidiary preferred shares</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsSubsidiaryPreferredShares_documentation_en-US" xlink:label="lab_ptv_FinanceIncomecostsSubsidiaryPreferredShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) - subsidiary preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomecostsSubsidiaryPreferredShares" xlink:href="ptv-20201231.xsd#ptv_FinanceIncomecostsSubsidiaryPreferredShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceIncomecostsSubsidiaryPreferredShares" xlink:to="lab_ptv_FinanceIncomecostsSubsidiaryPreferredShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeriesC2PreferredMember_2655db2a-bc6e-4fba-a7e9-9a4559dfa3e3_terseLabel_en-US" xlink:label="lab_ptv_SeriesC2PreferredMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series C-2 Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesC2PreferredMember_label_en-US" xlink:label="lab_ptv_SeriesC2PreferredMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series C-2 Preferred [Member]</link:label>
    <link:label id="lab_ptv_SeriesC2PreferredMember_documentation_en-US" xlink:label="lab_ptv_SeriesC2PreferredMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series C-2 Preferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesC2PreferredMember" xlink:href="ptv-20201231.xsd#ptv_SeriesC2PreferredMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesC2PreferredMember" xlink:to="lab_ptv_SeriesC2PreferredMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentContractLiabilities_ba78df06-9b60-440b-a927-a733166aa32c_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_ifrs-full_CurrentContractLiabilities_9b62ea6b-8f53-4e68-a95d-0e7fba00ec7d_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred revenue &#8211; short term</link:label>
    <link:label id="lab_ifrs-full_CurrentContractLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current contract liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentContractLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentContractLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentContractLiabilities" xlink:to="lab_ifrs-full_CurrentContractLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DilutedMember_5830cd08-526f-4c91-bd8e-092d22cf60e5_terseLabel_en-US" xlink:label="lab_ptv_DilutedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted [Member]</link:label>
    <link:label id="lab_ptv_DilutedMember_label_en-US" xlink:label="lab_ptv_DilutedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted [Member]</link:label>
    <link:label id="lab_ptv_DilutedMember_documentation_en-US" xlink:label="lab_ptv_DilutedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DilutedMember" xlink:href="ptv-20201231.xsd#ptv_DilutedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DilutedMember" xlink:to="lab_ptv_DilutedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsExercisableAbstract_5304c0aa-4dda-438e-95c1-d5296440e341_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsExercisableAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options exercisable [Abstract]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsExercisableAbstract_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsExercisableAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options exercisable [Abstract]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsExercisableAbstract_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsExercisableAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options exercisable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsExercisableAbstract" xlink:href="ptv-20201231.xsd#ptv_WeightedAverageOptionsExercisableAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsExercisableAbstract" xlink:to="lab_ptv_WeightedAverageOptionsExercisableAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory_8a935b2c-b8fd-44f4-9f1a-f0c5a7883066_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of information about employees</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of information about employees [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_9074cce9-3f8e-41d9-ad00-5d9129b52e15_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_dei_EntityCommonStockSharesOutstanding_e36d6dee-25d2-4bed-9d91-6fd4b6011dfc_terseLabel_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Common Stock, Shares Outstanding</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_ptv_DisclosureOfInformationOfEmployeesTable_c15d61b6-3650-4ef0-9a0c-9b4bd376062f_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_ifrs-full_StatementOfChangesInEquityTable_fe3c24d1-9600-4847-b7c2-0003b29a748a_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_BorrowingsAccruedInterest_185e02c1-7685-467e-ac9b-4ba875bc0751_terseLabel_en-US" xlink:label="lab_ptv_BorrowingsAccruedInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued interest</link:label>
    <link:label id="lab_ptv_BorrowingsAccruedInterest_label_en-US" xlink:label="lab_ptv_BorrowingsAccruedInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, Accrued Interest</link:label>
    <link:label id="lab_ptv_BorrowingsAccruedInterest_documentation_en-US" xlink:label="lab_ptv_BorrowingsAccruedInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, Accrued Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsAccruedInterest" xlink:href="ptv-20201231.xsd#ptv_BorrowingsAccruedInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsAccruedInterest" xlink:to="lab_ptv_BorrowingsAccruedInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DiscountForLackOfMarketabilityMeasurementInputMember_359614a3-093b-4a83-917c-59185f50bdb8_terseLabel_en-US" xlink:label="lab_ptv_DiscountForLackOfMarketabilityMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount for lack of marketability ("DLOM")</link:label>
    <link:label id="lab_ptv_DiscountForLackOfMarketabilityMeasurementInputMember_label_en-US" xlink:label="lab_ptv_DiscountForLackOfMarketabilityMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount for lack of marketability, measurement input [Member]</link:label>
    <link:label id="lab_ptv_DiscountForLackOfMarketabilityMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_DiscountForLackOfMarketabilityMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount for lack of marketability, measurement input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DiscountForLackOfMarketabilityMeasurementInputMember" xlink:href="ptv-20201231.xsd#ptv_DiscountForLackOfMarketabilityMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DiscountForLackOfMarketabilityMeasurementInputMember" xlink:to="lab_ptv_DiscountForLackOfMarketabilityMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfEarningsPerShareTextBlock_1437c7d7-559a-4d20-a914-1643913072d2_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfEarningsPerShareTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Earnings/(Loss) per Share</link:label>
    <link:label id="lab_ptv_ScheduleOfEarningsPerShareTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfEarningsPerShareTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Earnings per Share [Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfEarningsPerShareTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfEarningsPerShareTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Earnings per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfEarningsPerShareTextBlock" xlink:href="ptv-20201231.xsd#ptv_ScheduleOfEarningsPerShareTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfEarningsPerShareTextBlock" xlink:to="lab_ptv_ScheduleOfEarningsPerShareTextBlock" xlink:type="arc" order="1"/>
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    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfPreferredSharesAndConvertibleDebt_documentation_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfPreferredSharesAndConvertibleDebt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain/(Loss) from change in fair value of preferred shares and convertible debt</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_bb1e5937-bed2-4a24-a8ab-21b239ea8c82_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risk-free interest rate</link:label>
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    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_3f26655c-c410-496c-a95b-40ace4a9b01b_terseLabel_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Level 2 of fair value hierarchy [member]</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_6a7bf7b9-9815-45cd-a50c-4abcaffc60e0_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share price at grant date</link:label>
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    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_0549eb30-44a1-40b3-af8a-045b9a57ee98_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Translation reserve</link:label>
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    <link:label id="lab_ptv_PreferredSharesAndWarrantMember_b8f32853-240e-4a71-b23e-2d8011b3dde2_terseLabel_en-US" xlink:label="lab_ptv_PreferredSharesAndWarrantMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Preferred Shares and Warrant</link:label>
    <link:label id="lab_ptv_PreferredSharesAndWarrantMember_label_en-US" xlink:label="lab_ptv_PreferredSharesAndWarrantMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Preferred Shares and Warrant [Member]</link:label>
    <link:label id="lab_ptv_PreferredSharesAndWarrantMember_documentation_en-US" xlink:label="lab_ptv_PreferredSharesAndWarrantMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Preferred Shares and Warrant</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_2b54e8da-7e1a-4ea8-842c-ff861a79c72e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Benefits</link:label>
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    <link:label id="lab_ptv_ConvertibleNotesRollForward_b5cf2ba3-80b2-4cdf-996b-60fc5ef280cb_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible Notes [Roll Forward]</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNotesRollForward" xlink:href="ptv-20201231.xsd#ptv_ConvertibleNotesRollForward"/>
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    <link:label id="lab_dei_Security12bTitle_06dee9a3-7cbd-4b58-9a68-b6c180938a2d_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_03b644d9-5dd8-446e-aee7-999c3aaa7c33_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash and Cash Equivalents</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for restricted cash and cash equivalents [text block]</link:label>
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    <link:label id="lab_ptv_MarkToMarketInvestmentInSubsidiary_2ab6c260-c84f-4a57-bad4-db00c2923bff_negatedTerseLabel_en-US" xlink:label="lab_ptv_MarkToMarketInvestmentInSubsidiary" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mark to Market investment in subsidiary</link:label>
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    <link:label id="lab_ifrs-full_CurrentLeaseLiabilities_d5ed7139-9fa7-4d78-b82c-d08b65fa7bbb_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lease liability, current</link:label>
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    <link:label id="lab_ptv_AdjustmentsForGainOnLossOfSignificantInfluence_73ce778d-84c4-4f14-b94b-78066cb4247e_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForGainOnLossOfSignificantInfluence" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on loss of significant influence</link:label>
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    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_7ae7138d-93ff-476a-b601-229e69302478_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total income tax expense/(benefit), recognized</link:label>
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    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_4b0d60f4-3ad0-4fac-85c0-843243ab6b33_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consolidated Statements of Comprehensive Income/(Loss)</link:label>
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    <link:label id="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_ad9486a5-298f-4bc0-b047-ad1228071a93_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated amortization</link:label>
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    <link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_e908e075-5821-4a13-8ca6-d8d1512cfbc3_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax assets (liabilities), net</link:label>
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    <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_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_1e2c3472-0d45-429f-9bda-73e343c500eb_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unused tax losses for which no deferred tax asset recognised</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable_7c368257-6d23-4dc5-86f4-3f48d98d1fc8_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [table]</link:label>
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    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesRemainingAvailableForIssuance_b792cc32-f49e-4e2b-920b-7307802c9c13_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesRemainingAvailableForIssuance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Shares remaining available for issuance</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_fe87f75b-01f8-4f41-bd59-c480950d51f7_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity settled share-based payments</link:label>
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    <link:label id="lab_ifrs-full_OrdinarySharesMember_5dc63094-20b3-431f-b5f4-bc4a4781e2c8_terseLabel_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common shares [member]</link:label>
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    <link:label id="lab_ptv_BudgetedCostsToCompleteLineItems_fb8d1bbc-93a3-47ab-adee-c3c6c33050ef_terseLabel_en-US" xlink:label="lab_ptv_BudgetedCostsToCompleteLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Budgeted Costs to complete [Line Items]</link:label>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_6ce152e8-10f6-4719-b0c9-ad5ab1f9f587_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at beginning of period</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets, at fair value</link:label>
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    <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_ptv_CapitalAndFinancialRiskManagementTable_b510abd5-1304-4981-b125-f5aabd53bef2_terseLabel_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital And Financial Risk Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalAndFinancialRiskManagementTable" xlink:href="ptv-20201231.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_Liabilities_20482f7c-c68c-49f6-a544-d863cc5bffb5_totalLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_c778a22d-43d3-4600-a91c-575bb746cbde_terseLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_54386345-27da-4397-8e4e-209bf1f6a5c5_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_NoncurrentAssets_5ba7fea3-d22f-4177-8470-d33b69a31aac_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total non-current assets</link:label>
    <link:label id="lab_ifrs-full_NoncurrentAssets_3aad5e68-0eeb-48c6-8967-2f98acbfbcbf_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_AdditionsToRightofuseAssets_102e184e-9edf-4ffb-85f6-e6a10d3a80f4_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_ifrs-full_AdditionsToRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions to right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionsToRightofuseAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdditionsToRightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsToRightofuseAssets" xlink:to="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapitalMember_d745d565-8334-4542-b568-07be0fba7563_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issued capital [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issued capital [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ContractualInterestExpenseOnConvertibleNotes_1a68104e-69dd-47b4-9ec7-6c13a123f006_negatedTerseLabel_en-US" xlink:label="lab_ptv_ContractualInterestExpenseOnConvertibleNotes" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contractual Interest expense on convertible notes</link:label>
    <link:label id="lab_ptv_ContractualInterestExpenseOnConvertibleNotes_label_en-US" xlink:label="lab_ptv_ContractualInterestExpenseOnConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contractual Interest expense on convertible notes</link:label>
    <link:label id="lab_ptv_ContractualInterestExpenseOnConvertibleNotes_documentation_en-US" xlink:label="lab_ptv_ContractualInterestExpenseOnConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contractual Interest expense on convertible notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ContractualInterestExpenseOnConvertibleNotes" xlink:href="ptv-20201231.xsd#ptv_ContractualInterestExpenseOnConvertibleNotes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ContractualInterestExpenseOnConvertibleNotes" xlink:to="lab_ptv_ContractualInterestExpenseOnConvertibleNotes" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssetsAndLiabilitiesAxis_a84b4ced-298c-42e0-8409-5ffc3ea87e75_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets and liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_AssetsAndLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_AssetsAndLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets and liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAndLiabilitiesAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsAndLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAndLiabilitiesAxis" xlink:to="lab_ifrs-full_AssetsAndLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingLineItems_51b3c494-96b9-4ac7-bb33-1e38cb53173f_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average Options Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:href="ptv-20201231.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_FinanceLeaseReceivables_25b90100-c164-4e36-9451-31111d681055_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Lease 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance lease receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceLeaseReceivables" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_OtherComprehensiveIncomeAbstract_59db15ca-7520-4893-a2cb-3932386b6e82_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_OperatingExpensesAbstract_5e298c1e-29dc-4306-b1e6-6291a9033c23_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating expenses:</link:label>
    <link:label id="lab_ptv_OperatingExpensesAbstract_label_en-US" xlink:label="lab_ptv_OperatingExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expenses [Abstract]</link:label>
    <link:label id="lab_ptv_OperatingExpensesAbstract_documentation_en-US" xlink:label="lab_ptv_OperatingExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingExpensesAbstract" xlink:href="ptv-20201231.xsd#ptv_OperatingExpensesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingExpensesAbstract" xlink:to="lab_ptv_OperatingExpensesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_514483a4-7dd1-442d-b195-134077b2ef47_netLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property and equipment, net</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_457c7564-0f06-4d38-8b26-c0ecd4b75013_periodStartLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_cbb7322f-8de1-4b83-b6d8-8554db445bcd_periodEndLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_d31d9f52-ba3d-42a5-81d8-8bfeb73639e9_verboseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fixed assets</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_ContractualCapitalCommitments_626391e0-4a8f-4cd9-8a3b-75f421f397e2_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contractual capital commitments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualCapitalCommitments" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_ProceedsFromIssueOfPreferenceShares_116d131e-77eb-4f13-acf5-333432ffa8f6_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of preferred shares of subsidiaries</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_TradeAndOtherPayablesMember_48168eaa-431e-408b-8c87-4dbe6ee2d8b8_terseLabel_en-US" xlink:label="lab_ptv_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade and other payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TradeAndOtherPayablesMember" xlink:href="ptv-20201231.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_ScheduleOfTradeAndOtherPayablesTextBlock_9b3b0d4f-dc91-400f-9d44-a0dbb1efd629_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfTradeAndOtherPayablesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Trade And Other Payables</link:label>
    <link:label id="lab_ptv_ScheduleOfTradeAndOtherPayablesTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfTradeAndOtherPayablesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Trade And Other Payables [Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfTradeAndOtherPayablesTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfTradeAndOtherPayablesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Trade And Other Payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfTradeAndOtherPayablesTextBlock" xlink:href="ptv-20201231.xsd#ptv_ScheduleOfTradeAndOtherPayablesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfTradeAndOtherPayablesTextBlock" xlink:to="lab_ptv_ScheduleOfTradeAndOtherPayablesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TheSyncProjectMember_41e128de-1080-4861-89d7-0d9ef16c9544_terseLabel_en-US" xlink:label="lab_ptv_TheSyncProjectMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">The Sync Project</link:label>
    <link:label id="lab_ptv_TheSyncProjectMember_19671bf9-27f8-4a74-9600-fcb672779682_verboseLabel_en-US" xlink:label="lab_ptv_TheSyncProjectMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sync [Member]</link:label>
    <link:label id="lab_ptv_TheSyncProjectMember_label_en-US" xlink:label="lab_ptv_TheSyncProjectMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">The Sync Project [Member]</link:label>
    <link:label id="lab_ptv_TheSyncProjectMember_documentation_en-US" xlink:label="lab_ptv_TheSyncProjectMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">The Sync Project</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TheSyncProjectMember" xlink:href="ptv-20201231.xsd#ptv_TheSyncProjectMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TheSyncProjectMember" xlink:to="lab_ptv_TheSyncProjectMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalMember_f7f95964-a752-48e5-bdc6-cf13900c4a06_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share capital [member]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalMember_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share capital [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfShareCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalMember" xlink:to="lab_ifrs-full_ClassesOfShareCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_59461210-67dd-460b-a283-d75de69faf9f_verboseLabel_en-US" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other financial assets</link:label>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_00c816ec-03a1-40b7-99f3-0cb1a5e7487d_terseLabel_en-US" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestrictedCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ComprehensiveIncome_d8efe317-edfd-4169-bb3e-9d27bee84148_totalLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total comprehensive income/(loss) for the year</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_4fa8a71d-058c-44a5-8889-ea31cd8df18b_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total comprehensive income/(loss) for the year</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_3df95c03-eef3-4233-8a06-f1e8d216a9ea_verboseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Comprehensive income</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_ShareBasedPaymentExpenseTableTextBlock_e505c74d-ec51-4a43-a123-0e9dee7fd4f5_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Share-based Payment Expense Table</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Expense Table</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:href="ptv-20201231.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_OperatingLossCarryforwardsExpirationPeriodsAxis_2d325a3a-c48f-46db-b5c1-a98e5b538d30_terseLabel_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:href="ptv-20201231.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_VestingOfRestrictedStockUnits_7ab4ad7d-f5c4-4c14-8446-e1f6417212f6_negatedTerseLabel_en-US" xlink:label="lab_ptv_VestingOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vesting of restricted stock units</link:label>
    <link:label id="lab_ptv_VestingOfRestrictedStockUnits_label_en-US" xlink:label="lab_ptv_VestingOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vesting of restricted stock units</link:label>
    <link:label id="lab_ptv_VestingOfRestrictedStockUnits_documentation_en-US" xlink:label="lab_ptv_VestingOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vesting of restricted stock units</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VestingOfRestrictedStockUnits" xlink:href="ptv-20201231.xsd#ptv_VestingOfRestrictedStockUnits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VestingOfRestrictedStockUnits" xlink:to="lab_ptv_VestingOfRestrictedStockUnits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForFinanceCosts_e1917788-269e-4ffd-bb20-366ce6bea361_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance costs, net</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForFinanceCosts_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments for finance costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForFinanceCosts" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForFinanceCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForFinanceCosts" xlink:to="lab_ifrs-full_AdjustmentsForFinanceCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable_f0a210f4-83d7-45db-9743-5d8ea54042db_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable_75e19de0-f12a-4433-a063-fb1669c46769_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_SaleOfAssetTable_1d65793b-6d2f-4208-816c-a1c5ed8c09b3_terseLabel_en-US" xlink:label="lab_ptv_SaleOfAssetTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset [Table]</link:label>
    <link:label id="lab_ptv_SaleOfAssetTable_label_en-US" xlink:label="lab_ptv_SaleOfAssetTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset [Table]</link:label>
    <link:label id="lab_ptv_SaleOfAssetTable_documentation_en-US" xlink:label="lab_ptv_SaleOfAssetTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of asset [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfAssetTable" xlink:href="ptv-20201231.xsd#ptv_SaleOfAssetTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfAssetTable" xlink:to="lab_ptv_SaleOfAssetTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RevenueTable_d1daa501-4ecd-4271-a2fc-ee0608370999_terseLabel_en-US" xlink:label="lab_ptv_RevenueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RevenueTable" xlink:href="ptv-20201231.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_ifrs-full_SharebasedPaymentArrangementsMember_c9bc8514-d4e0-46f1-a5a1-b633d8217b48_terseLabel_en-US" xlink:label="lab_ifrs-full_SharebasedPaymentArrangementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payment arrangements [member]</link:label>
    <link:label id="lab_ifrs-full_SharebasedPaymentArrangementsMember_label_en-US" xlink:label="lab_ifrs-full_SharebasedPaymentArrangementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payment arrangements [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharebasedPaymentArrangementsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharebasedPaymentArrangementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharebasedPaymentArrangementsMember" xlink:to="lab_ifrs-full_SharebasedPaymentArrangementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EntregaMember_c0bed0b2-095b-461e-abe1-7435f11690e0_verboseLabel_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entrega, Inc. (indirectly held through Enlight)</link:label>
    <link:label id="lab_ptv_EntregaMember_b6651382-5113-47d1-b2b6-eb1865f0ecd7_terseLabel_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entrega [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entrega</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EntregaMember" xlink:href="ptv-20201231.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_LeasesFuturePaymentsTable_6a6ae1e2-21b4-48f8-9a60-9ced9aa01526_terseLabel_en-US" xlink:label="lab_ptv_LeasesFuturePaymentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leases - Future Payments [Table]</link:label>
    <link:label id="lab_ptv_LeasesFuturePaymentsTable_label_en-US" xlink:label="lab_ptv_LeasesFuturePaymentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leases - Future Payments [Table]</link:label>
    <link:label id="lab_ptv_LeasesFuturePaymentsTable_documentation_en-US" xlink:label="lab_ptv_LeasesFuturePaymentsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leases - Future Payments [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeasesFuturePaymentsTable" xlink:href="ptv-20201231.xsd#ptv_LeasesFuturePaymentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeasesFuturePaymentsTable" xlink:to="lab_ptv_LeasesFuturePaymentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LoansToGovernmentMember_aea7ccc0-ce49-4a69-8740-6fe2a3487d27_terseLabel_en-US" xlink:label="lab_ifrs-full_LoansToGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">US treasuries [member]</link:label>
    <link:label id="lab_ifrs-full_LoansToGovernmentMember_label_en-US" xlink:label="lab_ifrs-full_LoansToGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans to government [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansToGovernmentMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LoansToGovernmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansToGovernmentMember" xlink:to="lab_ifrs-full_LoansToGovernmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VedantaBiosciencesSecuritiesCorpMember_4dce6c2b-eb41-44f5-bd90-210c4320b808_verboseLabel_en-US" xlink:label="lab_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vedanta Biosciences Securities Corp</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:href="ptv-20201231.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_ptv_ShareBasedPaymentArrangementsAbstract_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-Based Payment Arrangements [Abstract]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAbstract_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-Based Payment Arrangements [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentArrangementsAbstract" xlink:href="ptv-20201231.xsd#ptv_ShareBasedPaymentArrangementsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentArrangementsAbstract" xlink:to="lab_ptv_ShareBasedPaymentArrangementsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfPayrollCostsTextBlock_170c80f9-47f0-41d5-b252-2657429e5bf2_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfPayrollCostsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Payroll Costs</link:label>
    <link:label id="lab_ptv_DisclosureOfPayrollCostsTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfPayrollCostsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Payroll Costs [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfPayrollCostsTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfPayrollCostsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Payroll Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfPayrollCostsTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfPayrollCostsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfPayrollCostsTextBlock" xlink:to="lab_ptv_DisclosureOfPayrollCostsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentFinanceLeaseReceivables_f69b707b-3e70-406d-97ae-d9339e560f4e_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lease receivable &#8211; long-term</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinanceLeaseReceivables_ae97146a-4b60-4a86-a722-0e6d7893e8ed_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Portion of Lease Receivable</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinanceLeaseReceivables_label_en-US" xlink:label="lab_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current finance lease receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentFinanceLeaseReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:to="lab_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_289140d2-fb54-4493-9131-609cf525987e_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted earnings/(loss) 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Diluted earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract_9969730c-fd11-41aa-9d4d-70e3b24be035_terseLabel_en-US" xlink:label="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_PerformanceObligationsAxis_35afe4bf-7cf8-4c2b-8b47-ff6592351762_terseLabel_en-US" xlink:label="lab_ifrs-full_PerformanceObligationsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Remaining Performance Obligation</link:label>
    <link:label id="lab_ifrs-full_PerformanceObligationsAxis_label_en-US" xlink:label="lab_ifrs-full_PerformanceObligationsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance obligations [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PerformanceObligationsAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PerformanceObligationsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PerformanceObligationsAxis" xlink:to="lab_ifrs-full_PerformanceObligationsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentAssets_27d687d0-fe1e-4c82-baba-a35a33bd272f_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total current assets</link:label>
    <link:label id="lab_ifrs-full_CurrentAssets_ca792096-5fa1-4849-99f2-1f980fe882fb_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_WeightedAverageNumberOfOrdinarySharesLineItems_d76f29e5-572e-4e20-8a0e-a6d916ed2a10_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average number of ordinary shares [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesLineItems_label_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average number of ordinary shares [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesLineItems_documentation_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average number of ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageNumberOfOrdinarySharesLineItems" xlink:href="ptv-20201231.xsd#ptv_WeightedAverageNumberOfOrdinarySharesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageNumberOfOrdinarySharesLineItems" xlink:to="lab_ptv_WeightedAverageNumberOfOrdinarySharesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis_abef3300-2714-426a-8ef3-dfef16fbbce5_terseLabel_en-US" xlink:label="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Timing of contract revenue recognition</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_1b2bfaba-24ec-4bcc-b69d-8aac036f6b1d_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">New Standards and Interpretations Not Yet Adopted</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_SummaryOfInvestmentsHeldAtFairValueTextBlock_b11f5754-85ea-4481-b7ca-29b1bccfed60_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary Of investments held at fair value</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary Of investments held at fair value [Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary Of investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfInvestmentsHeldAtFairValueTextBlock" xlink:href="ptv-20201231.xsd#ptv_SummaryOfInvestmentsHeldAtFairValueTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfInvestmentsHeldAtFairValueTextBlock" xlink:to="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NotesPayableTable_8f6ed84b-8d31-4f55-afa9-4d740112c3dd_terseLabel_en-US" xlink:label="lab_ptv_NotesPayableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Notes Payable [Table]</link:label>
    <link:label id="lab_ptv_NotesPayableTable_label_en-US" xlink:label="lab_ptv_NotesPayableTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Notes Payable [Table]</link:label>
    <link:label id="lab_ptv_NotesPayableTable_documentation_en-US" xlink:label="lab_ptv_NotesPayableTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NotesPayableTable" xlink:href="ptv-20201231.xsd#ptv_NotesPayableTable"/>
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    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_2e9c933d-9103-485d-8a7d-5d4d95dfafb1_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of share-based payment arrangements [axis]</link:label>
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    <link:label id="lab_ptv_NeitherPastDueNorImpairedAbstract_56e77d3f-ff94-44af-82d5-f86f060a289d_terseLabel_en-US" xlink:label="lab_ptv_NeitherPastDueNorImpairedAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Neither past due nor impaired [Abstract]</link:label>
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    <link:label id="lab_ifrs-full_CashAndCashEquivalents_ff786571-2022-4764-bbc0-3a4ed4aaf5b6_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash and cash equivalents</link:label>
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    <link:label id="lab_ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived_694fd12e-f9f1-4291-b6fa-e28e524e0dd0_terseLabel_en-US" xlink:label="lab_ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Undiscounted finance lease payments to be received</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_fa0825ec-d33a-4247-b148-a954fa4f56ff_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash flows from investing activities:</link:label>
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    <link:label id="lab_ptv_Other_d16bfecc-0e8f-4cc7-92bc-8d11acd45afb_terseLabel_en-US" xlink:label="lab_ptv_Other" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ptv_Other_label_en-US" xlink:label="lab_ptv_Other" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ptv_Other_documentation_en-US" xlink:label="lab_ptv_Other" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesApprovedForIssuance_8582738a-06bf-4b21-ab19-cb357d441979_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesApprovedForIssuance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share approved for issuance</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_69709973-99c2-40a3-a7d8-b134b133c683_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average remaining contractual life of outstanding share options</link:label>
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    <link:label id="lab_ptv_LoansMember_1a8f86ad-293b-4ab1-8ed7-1fd0287667b7_terseLabel_en-US" xlink:label="lab_ptv_LoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans</link:label>
    <link:label id="lab_ptv_LoansMember_e3c8bfad-a80c-4de5-bc01-fbb53b8384e5_verboseLabel_en-US" xlink:label="lab_ptv_LoansMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term loan</link:label>
    <link:label id="lab_ptv_LoansMember_label_en-US" xlink:label="lab_ptv_LoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans [Member]</link:label>
    <link:label id="lab_ptv_LoansMember_documentation_en-US" xlink:label="lab_ptv_LoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LoansMember" xlink:href="ptv-20201231.xsd#ptv_LoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LoansMember" xlink:to="lab_ptv_LoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesTable_542a975f-6f8b-4ff8-a8aa-12b18fb19aef_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of liabilities [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesTable"/>
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    <link:label id="lab_ptv_AlivioMember_0df77ff2-44e2-4e02-a5ab-64f3b902bfc6_verboseLabel_en-US" xlink:label="lab_ptv_AlivioMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Alivio Therapeutics, Inc.</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Alivio</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems_9582c4fb-53db-45a8-bcf2-3cfd5e7b84fa_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems"/>
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    <link:label id="lab_ifrs-full_ComputerEquipmentMember_495b3675-8a7e-484f-9218-98d713e3772b_terseLabel_en-US" xlink:label="lab_ifrs-full_ComputerEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Computer equipment [member]</link:label>
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    <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_ifrs-full_RangeAxis_c2794020-f9f0-4baf-8824-c5408edafbb7_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Range [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_LaterThanFourYearsAndNotLaterThanFiveYearsMember_45c8fe4e-473e-42db-a0cf-bf2db5de630c_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2025</link:label>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_bd0be453-cb14-4485-b0dd-78066bdd9863_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_WagesAndSalaries_42d12f45-d9ae-48be-96b9-b83be13b675a_terseLabel_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Salaries and wages</link:label>
    <link:label id="lab_ifrs-full_WagesAndSalaries_label_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Wages and salaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WagesAndSalaries" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WagesAndSalaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WagesAndSalaries" xlink:to="lab_ifrs-full_WagesAndSalaries" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxRateEffectFromChangeInTaxRate_742fd02c-6b67-454f-a1d2-c632524f7254_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Federal tax change</link:label>
    <link:label id="lab_ifrs-full_TaxRateEffectFromChangeInTaxRate_label_en-US" xlink:label="lab_ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax rate effect from change in tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxRateEffectFromChangeInTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:to="lab_ifrs-full_TaxRateEffectFromChangeInTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AuditorsRemunerationTable_cef4a6b2-5475-4c8d-b5fb-d39830ecfac0_terseLabel_en-US" xlink:label="lab_ptv_AuditorsRemunerationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Auditors Remuneration [Table]</link:label>
    <link:label id="lab_ptv_AuditorsRemunerationTable_label_en-US" xlink:label="lab_ptv_AuditorsRemunerationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Auditors Remuneration [Table]</link:label>
    <link:label id="lab_ptv_AuditorsRemunerationTable_documentation_en-US" xlink:label="lab_ptv_AuditorsRemunerationTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Auditors Remuneration</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditorsRemunerationTable" xlink:href="ptv-20201231.xsd#ptv_AuditorsRemunerationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditorsRemunerationTable" xlink:to="lab_ptv_AuditorsRemunerationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccrualsClassifiedAsCurrent_d1641a88-1718-4ea0-85ac-12b18cf3ad8b_terseLabel_en-US" xlink:label="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accruals classified as current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccrualsClassifiedAsCurrent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_b6eaca10-f857-4e81-b371-19fe1b74d79a_terseLabel_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_RepaymentsOfNoncurrentBorrowings_20cc38c7-8abb-4332-a687-288709b4eb87_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayment of long-term debt</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments of non-current borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfNoncurrentBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:to="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EarningsCategoryMember_c36bb76c-0aa8-4ec9-8f58-ddd815918fd0_terseLabel_en-US" xlink:label="lab_ptv_EarningsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Category [Member]</link:label>
    <link:label id="lab_ptv_EarningsCategoryMember_label_en-US" xlink:label="lab_ptv_EarningsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Category [Member]</link:label>
    <link:label id="lab_ptv_EarningsCategoryMember_documentation_en-US" xlink:label="lab_ptv_EarningsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EarningsCategoryMember" xlink:href="ptv-20201231.xsd#ptv_EarningsCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EarningsCategoryMember" xlink:to="lab_ptv_EarningsCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract_e0d3d530-0f43-4e68-811d-168c402274d5_terseLabel_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental disclosure of cash paid for income taxes:</link:label>
    <link:label id="lab_ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract_label_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental disclosure of cash paid for incomes taxes [Abstract]</link:label>
    <link:label id="lab_ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract_documentation_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental disclosure of cash paid for incomes taxes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract" xlink:href="ptv-20201231.xsd#ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract" xlink:to="lab_ptv_SupplementalDisclosureOfCashPaidForIncomesTaxesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BMEBServicesLLCMember_cd911172-1a35-4a20-b0c5-6eb2a0278a6b_terseLabel_en-US" xlink:label="lab_ptv_BMEBServicesLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">BMEB Services LLC</link:label>
    <link:label id="lab_ptv_BMEBServicesLLCMember_label_en-US" xlink:label="lab_ptv_BMEBServicesLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">BMEB Services LLC [Member]</link:label>
    <link:label id="lab_ptv_BMEBServicesLLCMember_documentation_en-US" xlink:label="lab_ptv_BMEBServicesLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">BMEB Services LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BMEBServicesLLCMember" xlink:href="ptv-20201231.xsd#ptv_BMEBServicesLLCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BMEBServicesLLCMember" xlink:to="lab_ptv_BMEBServicesLLCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_e3d169c1-810c-4ec8-acbc-04483560e54d_terseLabel_en-US" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effect of exchange rates on cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effect of exchange rate changes on cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory_d473b82b-e853-430d-a430-42c7c83d9a08_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_OperatingExpense_4989221d-aa50-4047-868e-e88722a09cf5_totalLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total operating expense</link:label>
    <link:label id="lab_ifrs-full_OperatingExpense_87743ee8-30ff-4b00-9ee5-6ec79d81fef1_terseLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total operating expense</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_srt_MinimumMember_704492cd-d31a-4cf1-a3d1-fa4845ae6a09_terseLabel_en-US" xlink:label="lab_srt_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Minimum</link:label>
    <link:label id="lab_srt_MinimumMember_label_en-US" xlink:label="lab_srt_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Minimum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MinimumMember" xlink:to="lab_srt_MinimumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareAbstract_75b727f0-1520-4541-803d-176171f161f5_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_KnodeMember_c86caf79-7a25-42b7-ba45-18263d4bcbef_verboseLabel_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Knode Inc. (indirectly held through Enlight)</link:label>
    <link:label id="lab_ptv_KnodeMember_f1a5bcfe-1a3b-4a81-9a30-86553bce6205_terseLabel_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Knode</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_KnodeMember" xlink:href="ptv-20201231.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_b7b8d24c-0510-4db2-81a5-efa72a1c2d41_terseLabel_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Akili [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Akili</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AkiliMember" xlink:href="ptv-20201231.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_ptv_AccountingPoliciesAbstract_080ce490-ad3c-40d5-b986-d4069f852fc7_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting policies, changes in accounting estimates and errors [Abstract]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesAbstract_label_en-US" xlink:label="lab_ptv_AccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesAbstract_documentation_en-US" xlink:label="lab_ptv_AccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesAbstract" xlink:href="ptv-20201231.xsd#ptv_AccountingPoliciesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccountingPoliciesAbstract" xlink:to="lab_ptv_AccountingPoliciesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssueOfEquity_c7d0e60b-1c31-4773-ba65-59a606ce9ccd_verboseLabel_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of placing shares</link:label>
    <link:label id="lab_ifrs-full_IssueOfEquity_9718d8f1-f4de-461c-ba8b-c159604d87f0_terseLabel_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of new preferred shares</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issue of equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssueOfEquity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_cf3cf7ce-62b8-4c84-ad80-bf0a6c6c4638_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_OtherTemporaryDifferences_08791933-c3bd-4432-ab0b-d76f25ea6d2d_negatedTerseLabel_en-US" xlink:label="lab_ptv_OtherTemporaryDifferences" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other temporary differences</link:label>
    <link:label id="lab_ptv_OtherTemporaryDifferences_label_en-US" xlink:label="lab_ptv_OtherTemporaryDifferences" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other temporary differences</link:label>
    <link:label id="lab_ptv_OtherTemporaryDifferences_documentation_en-US" xlink:label="lab_ptv_OtherTemporaryDifferences" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other temporary differences</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherTemporaryDifferences" xlink:href="ptv-20201231.xsd#ptv_OtherTemporaryDifferences"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherTemporaryDifferences" xlink:to="lab_ptv_OtherTemporaryDifferences" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DrJosephBolenMember_66955532-0313-47ee-8a8f-37d9ed1152ae_terseLabel_en-US" xlink:label="lab_ptv_DrJosephBolenMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr Joseph Bolen</link:label>
    <link:label id="lab_ptv_DrJosephBolenMember_label_en-US" xlink:label="lab_ptv_DrJosephBolenMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr Joseph Bolen [Member]</link:label>
    <link:label id="lab_ptv_DrJosephBolenMember_documentation_en-US" xlink:label="lab_ptv_DrJosephBolenMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr Joseph Bolen</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrJosephBolenMember" xlink:href="ptv-20201231.xsd#ptv_DrJosephBolenMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrJosephBolenMember" xlink:to="lab_ptv_DrJosephBolenMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractDurationMember_f4820764-9d95-4fe7-939e-edc23dbe6ca1_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractDurationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ifrs-full_ContractDurationMember_label_en-US" xlink:label="lab_ifrs-full_ContractDurationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contract duration [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractDurationMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ContractDurationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractDurationMember" xlink:to="lab_ifrs-full_ContractDurationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeFourMember_9ad4f75a-24c7-450d-9db0-f2831dd50a51_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeFourMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise Price Range Four [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeFourMember" xlink:href="ptv-20201231.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_dei_EntityInteractiveDataCurrent_85fb48f1-7d48-4cfd-aa54-282c8be22a4b_terseLabel_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_country_US_e6be8e8f-dbf1-4c34-baeb-e739e258381a_terseLabel_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">UNITED STATES</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/country-2020-01-31.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_ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability_81a290df-126d-47a6-affa-9d75cd30d4e0_terseLabel_en-US" xlink:label="lab_ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchase of intangible asset and investment held at fair value in consideration for issuance of warrant liability and assumption of other long and short-term liabilities</link:label>
    <link:label id="lab_ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability_label_en-US" xlink:label="lab_ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">purchase of intangible asset and investment in consideration for issuance of warrant and other liability</link:label>
    <link:label id="lab_ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability_documentation_en-US" xlink:label="lab_ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">purchase of intangible asset and investment in consideration for issuance of warrant and other liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability" xlink:href="ptv-20201231.xsd#ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability" xlink:to="lab_ptv_PurchaseOfIntangibleAssetAndInvestmentInConsiderationForIssuanceOfWarrantAndOtherLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory_9ade1552-c00c-4bab-b082-b3ed941f9041_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for financial assets [text block]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_1fe92ccf-8170-47f6-8efc-c59c8a8342d9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsExplanatory"/>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_ShortTermInvestments_ceb429cd-b43f-4ec2-86f3-96eebd65482e_terseLabel_en-US" xlink:label="lab_ptv_ShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term investments</link:label>
    <link:label id="lab_ptv_ShortTermInvestments_label_en-US" xlink:label="lab_ptv_ShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Investments</link:label>
    <link:label id="lab_ptv_ShortTermInvestments_documentation_en-US" xlink:label="lab_ptv_ShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermInvestments" xlink:href="ptv-20201231.xsd#ptv_ShortTermInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermInvestments" xlink:to="lab_ptv_ShortTermInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ReceiptOfPaymentOfSublease_d4fd164f-c702-45ce-83f5-11763bd6d957_terseLabel_en-US" xlink:label="lab_ptv_ReceiptOfPaymentOfSublease" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Receipt of payment of sublease</link:label>
    <link:label id="lab_ptv_ReceiptOfPaymentOfSublease_label_en-US" xlink:label="lab_ptv_ReceiptOfPaymentOfSublease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Receipt of payment of sublease</link:label>
    <link:label id="lab_ptv_ReceiptOfPaymentOfSublease_documentation_en-US" xlink:label="lab_ptv_ReceiptOfPaymentOfSublease" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Receipt of payment of sublease</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ReceiptOfPaymentOfSublease" xlink:href="ptv-20201231.xsd#ptv_ReceiptOfPaymentOfSublease"/>
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    <link:label id="lab_ptv_DeferredTaxLiabilitiesMember_f45e101a-f8b9-4ddf-aa64-358d2a9e311a_terseLabel_en-US" xlink:label="lab_ptv_DeferredTaxLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax liabilities [Member]</link:label>
    <link:label id="lab_ptv_DeferredTaxLiabilitiesMember_label_en-US" xlink:label="lab_ptv_DeferredTaxLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax liabilities [Member]</link:label>
    <link:label id="lab_ptv_DeferredTaxLiabilitiesMember_documentation_en-US" xlink:label="lab_ptv_DeferredTaxLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeferredTaxLiabilitiesMember" xlink:href="ptv-20201231.xsd#ptv_DeferredTaxLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeferredTaxLiabilitiesMember" xlink:to="lab_ptv_DeferredTaxLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest_d2bb450e-b4a1-46e4-b67f-9f129d8a9099_verboseLabel_en-US" xlink:label="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of associate loss allocated to long-term interest (please refer to Note 6)</link:label>
    <link:label id="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest_d9902127-e702-40e3-a4e1-2600dbae1b6c_terseLabel_en-US" xlink:label="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of associate loss allocated to long-term interest</link:label>
    <link:label id="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest_38c606fa-775d-4f13-9e55-64a7104496d5_negatedTerseLabel_en-US" xlink:label="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of associate loss allocated to long-term interest</link:label>
    <link:label id="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest_label_en-US" xlink:label="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of associate loss allocated to long-term interest</link:label>
    <link:label id="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest_documentation_en-US" xlink:label="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of associate loss allocated to long-term interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareOfAssociateLossAllocatedToLongTermInterest" xlink:href="ptv-20201231.xsd#ptv_ShareOfAssociateLossAllocatedToLongTermInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareOfAssociateLossAllocatedToLongTermInterest" xlink:to="lab_ptv_ShareOfAssociateLossAllocatedToLongTermInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExplanatory_c98dc9ab-5a4f-4b1d-91af-cff39e198c8d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract_4781bc88-7d7b-4a55-a2ea-f0de48bb4add_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about borrowings [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about borrowings [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest_fa5306e0-7b2f-4932-8c46-55ab63ad08dc_terseLabel_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Assets At Fair Value Through Profit Or Loss after allocation to long-term interest</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest_label_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Assets At Fair Value Through Profit Or Loss after allocation to long-term interest</link:label>
    <link:label id="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest_documentation_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial Assets At Fair Value Through Profit Or Loss after allocation to long-term interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest" xlink:href="ptv-20201231.xsd#ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest" xlink:to="lab_ptv_FinancialAssetsAtFairValueThroughProfitOrLossAfterAllocationToLongTermInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OwnershipInterest_87f17683-ef8f-4fca-8c79-461466f3a19c_terseLabel_en-US" xlink:label="lab_ptv_OwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ownership Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OwnershipInterest" xlink:href="ptv-20201231.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_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_3f635340-887c-4614-be35-7420ab0a9210_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected volatility, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:to="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipment_049d23c3-61e4-4bd6-bf1f-8e4cb9507d9e_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Depreciation, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_EarningsLossAttributableToOwnersOfTheCompanyTable_6f0ee508-2ed4-413d-b61e-23dc55a66649_terseLabel_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfTheCompanyTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings/(Loss) attributable to owners of the Company [Table]</link:label>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfTheCompanyTable_label_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfTheCompanyTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings/(Loss) attributable to owners of the Company [Table]</link:label>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfTheCompanyTable_documentation_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfTheCompanyTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings/(Loss) attributable to owners of the Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EarningsLossAttributableToOwnersOfTheCompanyTable" xlink:href="ptv-20201231.xsd#ptv_EarningsLossAttributableToOwnersOfTheCompanyTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EarningsLossAttributableToOwnersOfTheCompanyTable" xlink:to="lab_ptv_EarningsLossAttributableToOwnersOfTheCompanyTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract_25c0bbae-e910-45c3-9b83-04d3a74bd53e_terseLabel_en-US" xlink:label="lab_ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Items that are or may be reclassified as profit or loss</link:label>
    <link:label id="lab_ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract_label_en-US" xlink:label="lab_ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Items that are or may be reclassified as profit or loss [Abstract]</link:label>
    <link:label id="lab_ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract_documentation_en-US" xlink:label="lab_ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Items that are or may be reclassified as profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract" xlink:href="ptv-20201231.xsd#ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract" xlink:to="lab_ptv_ItemsThatAreOrMayBeReclassifiedAsProfitOrLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_23b4a14f-41bc-46b0-9042-327ec85e87ba_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_6c898f45-ac09-400d-b07f-3bf64b8531c3_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effect of dilutive shares (please refer to Note 8)</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dilutive effect of share options on number of ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_IssuanceOfNoteReceivable_5939d2af-52ec-4247-8d60-373ca14fb6ce_terseLabel_en-US" xlink:label="lab_ptv_IssuanceOfNoteReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of note receivable</link:label>
    <link:label id="lab_ptv_IssuanceOfNoteReceivable_label_en-US" xlink:label="lab_ptv_IssuanceOfNoteReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of note receivable</link:label>
    <link:label id="lab_ptv_IssuanceOfNoteReceivable_documentation_en-US" xlink:label="lab_ptv_IssuanceOfNoteReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of note receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IssuanceOfNoteReceivable" xlink:href="ptv-20201231.xsd#ptv_IssuanceOfNoteReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IssuanceOfNoteReceivable" xlink:to="lab_ptv_IssuanceOfNoteReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ResearchCredits_c56ab5d7-cb04-4c98-82db-4a774ec77701_terseLabel_en-US" xlink:label="lab_ptv_ResearchCredits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Research credits</link:label>
    <link:label id="lab_ptv_ResearchCredits_label_en-US" xlink:label="lab_ptv_ResearchCredits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Research credits</link:label>
    <link:label id="lab_ptv_ResearchCredits_documentation_en-US" xlink:label="lab_ptv_ResearchCredits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Research credits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ResearchCredits" xlink:href="ptv-20201231.xsd#ptv_ResearchCredits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ResearchCredits" xlink:to="lab_ptv_ResearchCredits" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract_a12ad703-0ff4-4434-a832-159146781fea_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Abstract]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract_label_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Abstract]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract_documentation_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes in the value of subsidiary preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract" xlink:href="ptv-20201231.xsd#ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract" xlink:to="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RelatedPartyTransactionsLineItems_f64062b8-8f3c-4ab0-a420-5bb3a0c627b1_terseLabel_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related party transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RelatedPartyTransactionsLineItems" xlink:href="ptv-20201231.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_feb3a991-6b9a-4363-a1c3-68803ec2255c_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.xsd#ptv_ProceedsFromIssueOfConvertibleNotes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:to="lab_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainOnDeconsolidationTable_9db43c6c-a14c-4335-9ad3-cecd2fb3f007_terseLabel_en-US" xlink:label="lab_ptv_GainOnDeconsolidationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on deconsolidation [Table]</link:label>
    <link:label id="lab_ptv_GainOnDeconsolidationTable_label_en-US" xlink:label="lab_ptv_GainOnDeconsolidationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on deconsolidation [Table]</link:label>
    <link:label id="lab_ptv_GainOnDeconsolidationTable_documentation_en-US" xlink:label="lab_ptv_GainOnDeconsolidationTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainOnDeconsolidationTable" xlink:href="ptv-20201231.xsd#ptv_GainOnDeconsolidationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainOnDeconsolidationTable" xlink:to="lab_ptv_GainOnDeconsolidationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfAssetsTextBlock_69c1ab8a-5528-4d55-9799-128596552b7a_terseLabel_en-US" xlink:label="lab_ptv_SaleOfAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of Assets</link:label>
    <link:label id="lab_ptv_SaleOfAssetsTextBlock_label_en-US" xlink:label="lab_ptv_SaleOfAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of Assets [Text Block]</link:label>
    <link:label id="lab_ptv_SaleOfAssetsTextBlock_documentation_en-US" xlink:label="lab_ptv_SaleOfAssetsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sale of Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfAssetsTextBlock" xlink:href="ptv-20201231.xsd#ptv_SaleOfAssetsTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfAssetsTextBlock" xlink:to="lab_ptv_SaleOfAssetsTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MsDapneZoharMember_16973c4a-4f47-4b4f-88b8-f0ed7fb06627_terseLabel_en-US" xlink:label="lab_ptv_MsDapneZoharMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ms Dapne Zohar</link:label>
    <link:label id="lab_ptv_MsDapneZoharMember_label_en-US" xlink:label="lab_ptv_MsDapneZoharMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ms Dapne Zohar [Member]</link:label>
    <link:label id="lab_ptv_MsDapneZoharMember_documentation_en-US" xlink:label="lab_ptv_MsDapneZoharMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ms Dapne Zohar</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MsDapneZoharMember" xlink:href="ptv-20201231.xsd#ptv_MsDapneZoharMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MsDapneZoharMember" xlink:to="lab_ptv_MsDapneZoharMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_f61642bc-3ff4-4d07-bf6b-d8c56118afa2_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_DeferredTaxAssetsAndLiabilitiesTable_038ae5d9-6b4d-4dd2-a086-5343f6f0a1e8_terseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.xsd#ptv_DeferredTaxAssetsAndLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:to="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalLossCarryovers_774cdaee-2690-45c7-8739-84ac1143caf9_terseLabel_en-US" xlink:label="lab_ptv_CapitalLossCarryovers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital loss carryovers</link:label>
    <link:label id="lab_ptv_CapitalLossCarryovers_label_en-US" xlink:label="lab_ptv_CapitalLossCarryovers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital loss carryovers</link:label>
    <link:label id="lab_ptv_CapitalLossCarryovers_documentation_en-US" xlink:label="lab_ptv_CapitalLossCarryovers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital loss carryovers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalLossCarryovers" xlink:href="ptv-20201231.xsd#ptv_CapitalLossCarryovers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalLossCarryovers" xlink:to="lab_ptv_CapitalLossCarryovers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfVotingPowerHeldInAssociate_e6c19f0a-7edb-469f-a991-2cd6d788c775_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_UnobservableInputsMember_a8c6b683-8325-48b5-b5ad-73a16886ef18_terseLabel_en-US" xlink:label="lab_ifrs-full_UnobservableInputsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unobservable inputs [member]</link:label>
    <link:label id="lab_ifrs-full_UnobservableInputsMember_label_en-US" xlink:label="lab_ifrs-full_UnobservableInputsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unobservable inputs [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnobservableInputsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnobservableInputsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsMember" xlink:to="lab_ifrs-full_UnobservableInputsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember_b288a692-d1cc-4182-8d00-dd960d52c20c_terseLabel_en-US" xlink:label="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ProceedsFromIssuingShares_c2792ab9-0c5d-4424-bd88-20873a478795_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from the issuance of shares and subsidiary preferred shares</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_dc5cff9d-8c52-4c8e-90a0-53d8f9a8e509_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounting Policies</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant accounting policies [text block]</link:label>
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    <link:label id="lab_dei_DocumentTransitionReport_06f8e6cb-afc6-4f26-866a-cba105fe80c4_terseLabel_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Transition Report</link:label>
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    <link:label id="lab_ptv_DrJohnLaMattinaMember_a16c63d2-c06c-4ec9-b6a7-9c4c03ec208f_terseLabel_en-US" xlink:label="lab_ptv_DrJohnLaMattinaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr John LaMattina</link:label>
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    <link:label id="lab_ifrs-full_ProfitLossFromContinuingOperations_3d4f4bf0-65ef-4020-8298-a9d323cd7714_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income/(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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit (loss) from continuing operations</link:label>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_87e59c4d-d813-4ff1-9c2f-7d0be1f6ae95_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets at fair value through profit or loss, category [member]</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets at fair value through profit or loss, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember"/>
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    <link:label id="lab_ptv_DrEricElenkoMember_36d2b6e4-855d-4c1b-98de-513909349ff7_terseLabel_en-US" xlink:label="lab_ptv_DrEricElenkoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr Eric Elenko</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrEricElenkoMember" xlink:href="ptv-20201231.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_ifrs-full_TimingOfTransferOfGoodsOrServicesMember_61056972-eff6-4194-96ea-769825edfd36_terseLabel_en-US" xlink:label="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Timing of transfer of goods or services [member]</link:label>
    <link:label id="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesMember_label_en-US" xlink:label="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Timing of transfer of goods or services [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TimingOfTransferOfGoodsOrServicesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TimingOfTransferOfGoodsOrServicesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TimingOfTransferOfGoodsOrServicesMember" xlink:to="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MergerReserveMember_50148b82-c87e-4945-a819-053fc65c37ef_terseLabel_en-US" xlink:label="lab_ifrs-full_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Merger reserve [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Merger reserve [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MergerReserveMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_DisclosureOfMergerAgreementTextBlock_d85b1c16-d5d1-4ead-a24d-af633d33ae0b_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfMergerAgreementTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tal Merger Agreement</link:label>
    <link:label id="lab_ptv_DisclosureOfMergerAgreementTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfMergerAgreementTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Merger Agreement [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfMergerAgreementTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfMergerAgreementTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Merger Agreement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfMergerAgreementTextBlock" xlink:href="ptv-20201231.xsd#ptv_DisclosureOfMergerAgreementTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfMergerAgreementTextBlock" xlink:to="lab_ptv_DisclosureOfMergerAgreementTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionAxis_aa6a0f71-5895-4439-95c7-600ac168e8c5_terseLabel_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative Effect, Period of Adoption [Axis]</link:label>
    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionAxis_label_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative Effect, Period of Adoption [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_CumulativeEffectPeriodOfAdoptionAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:to="lab_srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_ed5356e4-b0ed-4d24-a015-f56f05edf345_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total parent equity [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember"/>
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    <link:label id="lab_ptv_FederalMember_e6f49858-6306-4ae2-9c31-f10bcef0cb13_terseLabel_en-US" xlink:label="lab_ptv_FederalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Federal [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Federal</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FederalMember" xlink:href="ptv-20201231.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_ptv_DrGeorgeFarmerMember_4131f9f0-36eb-4f8c-b85f-dc862d7e0a9b_terseLabel_en-US" xlink:label="lab_ptv_DrGeorgeFarmerMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr George Farmer</link:label>
    <link:label id="lab_ptv_DrGeorgeFarmerMember_label_en-US" xlink:label="lab_ptv_DrGeorgeFarmerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr George Farmer [Member]</link:label>
    <link:label id="lab_ptv_DrGeorgeFarmerMember_documentation_en-US" xlink:label="lab_ptv_DrGeorgeFarmerMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dr George Farmer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrGeorgeFarmerMember" xlink:href="ptv-20201231.xsd#ptv_DrGeorgeFarmerMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrGeorgeFarmerMember" xlink:to="lab_ptv_DrGeorgeFarmerMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProportionOfOwnershipInterestInInvestee_5fc78a83-f2c9-48bb-ac54-0a62ba9b35f7_terseLabel_en-US" xlink:label="lab_ptv_ProportionOfOwnershipInterestInInvestee" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proportion of ownership interest in investee</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.xsd#ptv_ProportionOfOwnershipInterestInInvestee"/>
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    <link:label id="lab_dei_EntityFileNumber_81ee2a78-746b-41a1-98dd-acd3f5f66c47_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InterestOnUndiscountedLeasePayments_1f0d2c42-2514-47e1-875d-2863c71c4f41_terseLabel_en-US" xlink:label="lab_ptv_InterestOnUndiscountedLeasePayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest On Undiscounted Lease payments</link:label>
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    <link:label id="lab_ptv_FollicaMember_88294d8d-c3c4-4ea0-9adf-70ef0501c30f_verboseLabel_en-US" xlink:label="lab_ptv_FollicaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Follica, Incorporated</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Follica</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FollicaMember" xlink:href="ptv-20201231.xsd#ptv_FollicaMember"/>
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_d4f88175-4932-4af4-beca-911b66739fd5_totalLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Key management personnel compensation</link:label>
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    <link:label id="lab_ptv_ContributedByTypesAxis_196f26a5-d8fb-46f4-8bd9-317adf294f96_terseLabel_en-US" xlink:label="lab_ptv_ContributedByTypesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contributed By - Types [Axis]</link:label>
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    <link:label id="lab_ptv_ContributedByTypesAxis_documentation_en-US" xlink:label="lab_ptv_ContributedByTypesAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contributed By - Types</link:label>
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    <link:label id="lab_ifrs-full_EquityAbstract_b17dbf0d-bf5d-4408-9dc8-f4794b7be994_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ConvertibleDebtInstrumentsConvertedToEquity_6d8282fe-c9c4-417c-b469-5caa58475f0c_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible debt, instruments, converted to equity</link:label>
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    <link:label id="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity_documentation_en-US" xlink:label="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Convertible Debt, Instruments, Converted To Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:href="ptv-20201231.xsd#ptv_ConvertibleDebtInstrumentsConvertedToEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:to="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_1791d697-17f4-460d-9a3a-7d533a6f786c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory"/>
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    <link:label id="lab_ptv_TalMergerAgreementTable_9bb23f54-cc30-4a7c-b8b9-be3f49c125a8_terseLabel_en-US" xlink:label="lab_ptv_TalMergerAgreementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tal Merger Agreement [Table]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_TalMergerAgreementTable" xlink:href="ptv-20201231.xsd#ptv_TalMergerAgreementTable"/>
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    <link:label id="lab_ptv_PerformanceBasedStockOptionAwardsMember_5b5bf294-38e7-4515-a43e-ad047022d839_terseLabel_en-US" xlink:label="lab_ptv_PerformanceBasedStockOptionAwardsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance based Stock option awards [Member]</link:label>
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    <link:label id="lab_ptv_PerformanceBasedStockOptionAwardsMember_documentation_en-US" xlink:label="lab_ptv_PerformanceBasedStockOptionAwardsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance based Stock option awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceBasedStockOptionAwardsMember" xlink:href="ptv-20201231.xsd#ptv_PerformanceBasedStockOptionAwardsMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_0f0ff561-8e2d-4668-8938-0e9b577abe71_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialAssetsTable"/>
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    <link:label id="lab_ptv_AdjustmentForConversionOfDebtToEquity_8364bda5-5421-486e-814f-9516c8d1ce6b_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentForConversionOfDebtToEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion of debt to equity</link:label>
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    <link:label id="lab_ptv_AdjustmentForConversionOfDebtToEquity_documentation_en-US" xlink:label="lab_ptv_AdjustmentForConversionOfDebtToEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustment for conversion of debt to equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentForConversionOfDebtToEquity" xlink:href="ptv-20201231.xsd#ptv_AdjustmentForConversionOfDebtToEquity"/>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_529a8607-910e-40dd-ac47-0271853f2fbf_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Options exercisable (in shares)</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of share options exercisable in share-based payment arrangement</link:label>
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    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_fe5ede3d-9325-4564-8364-91b398a59318_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from sale of property and equipment</link:label>
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    <link:label id="lab_ptv_Series2GrowthFinancingMember_40f40980-b33d-4dda-9334-3ab30eab97e0_terseLabel_en-US" xlink:label="lab_ptv_Series2GrowthFinancingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Series 2 Growth financing</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_Series2GrowthFinancingMember" xlink:href="ptv-20201231.xsd#ptv_Series2GrowthFinancingMember"/>
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    <link:label id="lab_ptv_InvestmentUponInitialPublicOffering_458044dd-5b4b-4e1d-bceb-ca793bb94f81_terseLabel_en-US" xlink:label="lab_ptv_InvestmentUponInitialPublicOffering" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment upon initial public offering</link:label>
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    <link:label id="lab_ptv_InvestmentUponInitialPublicOffering_documentation_en-US" xlink:label="lab_ptv_InvestmentUponInitialPublicOffering" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment upon initial public offering</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentUponInitialPublicOffering" xlink:href="ptv-20201231.xsd#ptv_InvestmentUponInitialPublicOffering"/>
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    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_b6119748-1374-480d-ae0e-58ce6f21a9e3_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income taxes paid</link:label>
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    <link:label id="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase_05e8b688-1f64-4081-adc9-f79f0d2f799b_terseLabel_en-US" xlink:label="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additional number of shares authorized to purchase</link:label>
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    <link:label id="lab_ifrs-full_FinancialLiabilities_9ddd3dda-fa3d-4a33-a25b-2ab5e13f0778_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Beginning balance</link:label>
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    <link:label id="lab_ptv_AuditRelatedAssuranceServices_887bd34a-18f1-44e0-ab61-30585a7544d2_terseLabel_en-US" xlink:label="lab_ptv_AuditRelatedAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Audit-related assurance services</link:label>
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    <link:label id="lab_ptv_SubsidiaryWarrantLiabilityMember_0af334df-565b-4198-9abf-b5afc3b9ead6_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryWarrantLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary warrant liability</link:label>
    <link:label id="lab_ptv_SubsidiaryWarrantLiabilityMember_b5bcdf88-d1f3-4a47-8b3d-af30d5006d0c_verboseLabel_en-US" xlink:label="lab_ptv_SubsidiaryWarrantLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Warrants [Member]</link:label>
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    <link:label id="lab_ptv_ResearchAndDevelopmentAndOrphanDrugTaxCredits_99a0f6d8-2789-494c-a171-32a8dc1002b9_negatedTerseLabel_en-US" xlink:label="lab_ptv_ResearchAndDevelopmentAndOrphanDrugTaxCredits" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">R&amp;D and orphan drug tax credits</link:label>
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    <link:label id="lab_ptv_BusinessOrSourcingCompanyAxis_58ba6cf8-eaca-479b-997f-3e185d2351c0_terseLabel_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Or Sourcing Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessOrSourcingCompanyAxis" xlink:href="ptv-20201231.xsd#ptv_BusinessOrSourcingCompanyAxis"/>
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    <link:label id="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_eea35acf-993f-4e4b-b5b1-9ae11534e1a5_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments in respect of developmental milestones, dependent on events outside control of company, but reasonably possible to occur</link:label>
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    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_a4facc9a-a288-42bd-bdd9-97218341b8e7_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Outstanding at beginning of period</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_402561bf-3f89-4f22-adf1-f0bb39042664_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash flows from financing activities:</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_20a91d12-2a49-4120-b53b-e0d0ce6c3b10_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade and Other Payables</link:label>
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    <link:label id="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_cf4098e2-d1c2-462a-8ae7-530553c64458_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchase of associate preferred shares held at fair value</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted_fbff18ef-e71d-4c76-926a-cd80f31d4f67_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Grant date fair value</link:label>
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    <link:label id="lab_ptv_EstimatedTimeToExitMeasurementInputMember_32322e92-1684-4a43-82e6-cfe9e6a2cf49_terseLabel_en-US" xlink:label="lab_ptv_EstimatedTimeToExitMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Estimated time to exit</link:label>
    <link:label id="lab_ptv_EstimatedTimeToExitMeasurementInputMember_label_en-US" xlink:label="lab_ptv_EstimatedTimeToExitMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Estimated time to exit, measurement input [Member]</link:label>
    <link:label id="lab_ptv_EstimatedTimeToExitMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_EstimatedTimeToExitMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Estimated time to exit, measurement input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EstimatedTimeToExitMeasurementInputMember" xlink:href="ptv-20201231.xsd#ptv_EstimatedTimeToExitMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EstimatedTimeToExitMeasurementInputMember" xlink:to="lab_ptv_EstimatedTimeToExitMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid_aefa2787-7db8-4cf9-9814-8a990dca1f79_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares issued and fully paid</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_5463d37a-a5cb-46a3-ae1c-1aea06395084_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_1390a30a-201c-49b5-b01e-b91257f8b19a_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other financial assets</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments for decrease (increase) in other assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_6530298f-1fcb-4025-9b91-258cdc17b762_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_DisaggregationOfRevenueCustomersOver10OfRevenueTable_12ece9dd-e385-43a9-a132-c3372a606943_terseLabel_en-US" xlink:label="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_ifrs-full_PropertyPlantAndEquipmentMember_cffc25f3-b657-4832-a2f0-49bdc47fbcff_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_BorrowingsInterestRate_0cbcbd19-4e22-44fe-a82b-1325460fe2fc_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsInterestRate" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_RocheHoldingAGMember_b4863cc1-fd1a-48b9-b4d4-da300f334b04_terseLabel_en-US" xlink:label="lab_ptv_RocheHoldingAGMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Roche Holding AG</link:label>
    <link:label id="lab_ptv_RocheHoldingAGMember_label_en-US" xlink:label="lab_ptv_RocheHoldingAGMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Roche Holding AG [Member]</link:label>
    <link:label id="lab_ptv_RocheHoldingAGMember_documentation_en-US" xlink:label="lab_ptv_RocheHoldingAGMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Roche Holding AG</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RocheHoldingAGMember" xlink:href="ptv-20201231.xsd#ptv_RocheHoldingAGMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RocheHoldingAGMember" xlink:to="lab_ptv_RocheHoldingAGMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_9495b34c-8d9d-4219-a838-1e26644ea6f6_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Granted (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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_SondeMember_d062240f-b999-4d87-982c-9a730bc833b3_verboseLabel_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sonde Health, Inc.</link:label>
    <link:label id="lab_ptv_SondeMember_93b22c34-e59b-4547-8067-86cd42c45198_terseLabel_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sonde [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sonde</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SondeMember" xlink:href="ptv-20201231.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_ptv_LeaseLiabilitiesTable_b7b62900-6460-45e4-afb4-9cbf0e5e81f1_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lease Liabilities [Table]</link:label>
    <link:label id="lab_ptv_LeaseLiabilitiesTable_label_en-US" xlink:label="lab_ptv_LeaseLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lease Liabilities [Table]</link:label>
    <link:label id="lab_ptv_LeaseLiabilitiesTable_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lease Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilitiesTable" xlink:href="ptv-20201231.xsd#ptv_LeaseLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilitiesTable" xlink:to="lab_ptv_LeaseLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_Conversion_0be67fe6-c455-4106-a503-568bda83e61b_verboseLabel_en-US" xlink:label="lab_ptv_Conversion" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion of convertible notes</link:label>
    <link:label id="lab_ptv_Conversion_c5fc8716-a821-441d-b9ff-c0e3fbf17099_terseLabel_en-US" xlink:label="lab_ptv_Conversion" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion</link:label>
    <link:label id="lab_ptv_Conversion_label_en-US" xlink:label="lab_ptv_Conversion" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion</link:label>
    <link:label id="lab_ptv_Conversion_documentation_en-US" xlink:label="lab_ptv_Conversion" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Conversion</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_Conversion" xlink:href="ptv-20201231.xsd#ptv_Conversion"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_Conversion" xlink:to="lab_ptv_Conversion" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EndraHoldingsLLCMember_889d4b3f-ed61-4d8f-bd7c-008f64d04ab5_verboseLabel_en-US" xlink:label="lab_ptv_EndraHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Endra Holdings LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EndraHoldingsLLCMember" xlink:href="ptv-20201231.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_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_fcb4267c-3f23-4e2e-8c59-b9d629aed322_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_NontradingHoldingCompaniesAbstract_e9ef9e5e-f2e2-4d43-ae9c-79a534be749a_terseLabel_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Nontrading 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Nontrading holding companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NontradingHoldingCompaniesAbstract" xlink:href="ptv-20201231.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"/>
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    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsAbstract_label_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards [Abstract]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsAbstract_documentation_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory_7b9083ee-80be-4120-82db-b07a3bd78bf7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-controlling Interest</link:label>
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    <link:label id="lab_dei_CurrentFiscalYearEndDate_f1241a08-132d-45bb-96ee-b80589451d87_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current Fiscal Year End Date</link:label>
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    <link:label id="lab_ptv_UnusedFederalOrphanDrugTaxCredits_a58c6898-8c4e-4b1d-9eab-7a1ba6b5b488_terseLabel_en-US" xlink:label="lab_ptv_UnusedFederalOrphanDrugTaxCredits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unused Federal orphan drug tax credits</link:label>
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    <link:label id="lab_ptv_IssuedShareCapitalAcquired_17e97096-5f73-4512-91d7-111e7c352108_terseLabel_en-US" xlink:label="lab_ptv_IssuedShareCapitalAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issued Share capital acquired</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issued Share capital acquired</link:label>
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    <link:label id="lab_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_bc9f0972-250e-42eb-9006-f31a324ab1ac_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Voting percentage through the holdings</link:label>
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    <link:label id="lab_ifrs-full_TaxRateEffectOfForeignTaxRates_556de8b0-0cb0-496b-a6dd-bcab6a682bee_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfForeignTaxRates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax reform - foreign earnings repatriation</link:label>
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    <link:label id="lab_ifrs-full_OtherFinancialAssets_5e0877dd-6563-4f7e-b531-c50014a79d58_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total other financial assets</link:label>
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    <link:label id="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTextBlock_9b3db252-b4b0-410b-a96d-7fa2ee5af15b_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Directors&#8217; and Senior Managers&#8217; Shareholdings and Share Incentive Awards</link:label>
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    <link:label id="lab_ifrs-full_IncomeApproachMember_df98c20a-0974-4133-8a5b-7e984aaf122d_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeApproachMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income &#8211; DCF &amp; OPM allocation</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_36558f11-4fd2-43ce-91cb-ca96879e19da_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
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    <link:label id="lab_ptv_SubsidiaryPreferredSharesBalancesTable_5c04898b-4ee5-4880-8bde-7f934f6a0119_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesBalancesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Preferred Shares Balances [Table]</link:label>
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    <link:label id="lab_ptv_TalMergerAgreementLineItems_fa60cb67-9ba1-4fb3-ab24-a298cb988a6a_terseLabel_en-US" xlink:label="lab_ptv_TalMergerAgreementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tal Merger Agreement [Line Items]</link:label>
    <link:label id="lab_ptv_TalMergerAgreementLineItems_label_en-US" xlink:label="lab_ptv_TalMergerAgreementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tal Merger Agreement [Line Items]</link:label>
    <link:label id="lab_ptv_TalMergerAgreementLineItems_documentation_en-US" xlink:label="lab_ptv_TalMergerAgreementLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tal Merger Agreement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TalMergerAgreementLineItems" xlink:href="ptv-20201231.xsd#ptv_TalMergerAgreementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TalMergerAgreementLineItems" xlink:to="lab_ptv_TalMergerAgreementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest_853f724e-285f-406a-b862-3138cc00a687_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary note conversion and changes in NCI ownership interest</link:label>
    <link:label id="lab_ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest_label_en-US" xlink:label="lab_ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary note conversion and changes in NCI ownership interest</link:label>
    <link:label id="lab_ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest_documentation_en-US" xlink:label="lab_ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary note conversion and changes in NCI ownership interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest" xlink:href="ptv-20201231.xsd#ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest" xlink:to="lab_ptv_SubsidiaryNoteConversionAndChangesInNCIOwnershipInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MergerReserve_619f518c-afab-40bc-acf5-1eebcce2e2af_terseLabel_en-US" xlink:label="lab_ifrs-full_MergerReserve" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Merger reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MergerReserve" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_BorrowingsNetLoanProceeds_c5121e33-3b65-4cfe-8e4d-06296310908a_terseLabel_en-US" xlink:label="lab_ptv_BorrowingsNetLoanProceeds" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net loan proceeds</link:label>
    <link:label id="lab_ptv_BorrowingsNetLoanProceeds_label_en-US" xlink:label="lab_ptv_BorrowingsNetLoanProceeds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, Net loan proceeds</link:label>
    <link:label id="lab_ptv_BorrowingsNetLoanProceeds_documentation_en-US" xlink:label="lab_ptv_BorrowingsNetLoanProceeds" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, Net loan proceeds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsNetLoanProceeds" xlink:href="ptv-20201231.xsd#ptv_BorrowingsNetLoanProceeds"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsNetLoanProceeds" xlink:to="lab_ptv_BorrowingsNetLoanProceeds" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities_ffd3fb77-6734-4ed6-b39f-a44c8bd66f15_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Sensitivity Range</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Percentage of reasonably possible decrease in unobservable input, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:to="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_67b59735-3092-49f5-ac6e-1fe2fe4cd371_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Group's share of total comprehensive income/(loss)</link:label>
    <link:label id="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of total comprehensive income of associates and joint ventures accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LeaseholdImprovementsMember_e5be5b7b-6eda-4fea-b738-0bc0e984c080_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseholdImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leasehold improvements [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseholdImprovementsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_SeniorManagersAbstract_74e11740-97af-4b94-8348-8b60fd99ca8d_terseLabel_en-US" xlink:label="lab_ptv_SeniorManagersAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Managers [Abstract]</link:label>
    <link:label id="lab_ptv_SeniorManagersAbstract_label_en-US" xlink:label="lab_ptv_SeniorManagersAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Managers [Abstract]</link:label>
    <link:label id="lab_ptv_SeniorManagersAbstract_documentation_en-US" xlink:label="lab_ptv_SeniorManagersAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Senior Managers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeniorManagersAbstract" xlink:href="ptv-20201231.xsd#ptv_SeniorManagersAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeniorManagersAbstract" xlink:to="lab_ptv_SeniorManagersAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentForInitialApplicationOfIFRS9_95086474-e6c3-4977-94be-9be67e1d3d6e_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentForInitialApplicationOfIFRS9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustment for initial application of IFRS 9</link:label>
    <link:label id="lab_ptv_AdjustmentForInitialApplicationOfIFRS9_label_en-US" xlink:label="lab_ptv_AdjustmentForInitialApplicationOfIFRS9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustment for initial application of IFRS 9</link:label>
    <link:label id="lab_ptv_AdjustmentForInitialApplicationOfIFRS9_documentation_en-US" xlink:label="lab_ptv_AdjustmentForInitialApplicationOfIFRS9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustment for initial application of IFRS 9</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentForInitialApplicationOfIFRS9" xlink:href="ptv-20201231.xsd#ptv_AdjustmentForInitialApplicationOfIFRS9"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentForInitialApplicationOfIFRS9" xlink:to="lab_ptv_AdjustmentForInitialApplicationOfIFRS9" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_96bf4421-5bcf-4a33-a66e-795c627c3b0c_terseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic earnings/(loss) 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BasicEarningsLossPerShare" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate_6410cb3a-4454-4757-8782-023da9ab15ca_terseLabel_en-US" xlink:label="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Executive 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_DecreaseThroughLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill_5d39b2d7-dfde-44f1-b00a-2c0a9303f9d7_terseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidation of subsidiary</link:label>
    <link:label id="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Decrease through loss of control of subsidiary, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_83947925-8915-41c1-9dc1-1674855da8cc_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gain on deconsolidation</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_IncreaseDecreaseInFairValueMeasurementAssets_cbb428ad-d6de-4711-a9a0-912db2672f13_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) in fair value measurement, assets</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) in fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MeasurementAxis_ba4504fe-0780-4c7b-8947-07d1d38abd8d_terseLabel_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019_e2506858-c10b-4b54-96ea-7e954b261553_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average exercise price of, options exercisable (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019_ea37ee23-2d7c-4cb4-b1f2-93d1111aa7de_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average exercise price</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average exercise price of share options exercisable in share-based payment arrangement</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPlansLineItems" xlink:href="ptv-20201231.xsd#ptv_SubsidiaryPlansLineItems"/>
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    <link:label id="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock_9d0d6c5c-6ac9-458b-8f61-0318b7d8ee40_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Notes Payable</link:label>
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    <link:label id="lab_ptv_InvestmentInAssociatesAbstract_4c456388-cf96-45d7-af10-17c565cf25b6_terseLabel_en-US" xlink:label="lab_ptv_InvestmentInAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment in Associates [Abstract]</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment in Associates [Abstract]</link:label>
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    <link:label id="lab_ptv_MeasurementInputWeightedTermToExitMember_documentation_en-US" xlink:label="lab_ptv_MeasurementInputWeightedTermToExitMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Measurement Input, Weighted Term To Exit</link:label>
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    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementLineItems_8f55493d-53bf-43e0-b77a-bbbd2da1d5f6_terseLabel_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital And Financial Risk Management [Line Items]</link:label>
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    <link:label id="lab_ptv_ExpectedDividendYieldMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_ExpectedDividendYieldMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected dividend yield, measurement input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExpectedDividendYieldMeasurementInputMember" xlink:href="ptv-20201231.xsd#ptv_ExpectedDividendYieldMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExpectedDividendYieldMeasurementInputMember" xlink:to="lab_ptv_ExpectedDividendYieldMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_b314818e-6eba-4d3e-9a72-a608d8c8b89b_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_ContractBalancesTable_b8751a3d-a88e-4bce-978d-decd5a255ce4_terseLabel_en-US" xlink:label="lab_ptv_ContractBalancesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contract Balances [Table]</link:label>
    <link:label id="lab_ptv_ContractBalancesTable_label_en-US" xlink:label="lab_ptv_ContractBalancesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contract Balances [Table]</link:label>
    <link:label id="lab_ptv_ContractBalancesTable_documentation_en-US" xlink:label="lab_ptv_ContractBalancesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contract Balances [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ContractBalancesTable" xlink:href="ptv-20201231.xsd#ptv_ContractBalancesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ContractBalancesTable" xlink:to="lab_ptv_ContractBalancesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_5dbc66f9-c793-40d5-b813-7c05406a7ea9_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ranges of exercise prices for outstanding share options [member]</link:label>
    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_label_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ranges of exercise prices for outstanding share options [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:to="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilitiesAbstract_5d463146-f598-4582-8e49-c328e0478c20_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_SubsidiaryTypesAxis_c5c253a2-066d-4ea5-beac-f3b635042359_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryTypesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Types</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryTypesAxis" xlink:href="ptv-20201231.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"/>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement_0fb65306-37e3-4f62-b114-0b7acd235a0a_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsGrantedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average grant date fair value, RSU granted (in GBP per share)</link:label>
    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_UnobservableInputsAxis_3cc46a1b-e242-4da5-ba64-a23d9ee7866c_terseLabel_en-US" xlink:label="lab_ifrs-full_UnobservableInputsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unobservable inputs [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnobservableInputsAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_5d8cb720-6c54-411e-8457-c3ed7347d2f3_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_FinanceIncomecostsIAS39FairValueAccounting_a2ce1e7f-b110-4b57-8c80-8668103f3672_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomecostsIAS39FairValueAccounting" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) &#8211; IAS 39 fair value&#160;accounting</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsIAS39FairValueAccounting_label_en-US" xlink:label="lab_ptv_FinanceIncomecostsIAS39FairValueAccounting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) - IAS 39 fair value accounting</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsIAS39FairValueAccounting_documentation_en-US" xlink:label="lab_ptv_FinanceIncomecostsIAS39FairValueAccounting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income/(costs) - IAS 39 fair value accounting</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomecostsIAS39FairValueAccounting" xlink:href="ptv-20201231.xsd#ptv_FinanceIncomecostsIAS39FairValueAccounting"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceIncomecostsIAS39FairValueAccounting" xlink:to="lab_ptv_FinanceIncomecostsIAS39FairValueAccounting" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseAbstract_b4a30a55-9611-40e4-ad62-05950018dcdd_terseLabel_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recognised Income Tax Expense [Abstract]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseAbstract_label_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recognised Income Tax Expense [Abstract]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseAbstract_documentation_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recognised Income Tax Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RecognisedIncomeTaxExpenseAbstract" xlink:href="ptv-20201231.xsd#ptv_RecognisedIncomeTaxExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RecognisedIncomeTaxExpenseAbstract" xlink:to="lab_ptv_RecognisedIncomeTaxExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_6cb0f2ca-43ba-453f-beee-b6685f02ef50_terseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization</link:label>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortisation, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TerminalValueGrowthRateMeasurementInputMember_bba7f822-4a24-4a60-8374-da737aac00a8_terseLabel_en-US" xlink:label="lab_ptv_TerminalValueGrowthRateMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Terminal value growth rate</link:label>
    <link:label id="lab_ptv_TerminalValueGrowthRateMeasurementInputMember_label_en-US" xlink:label="lab_ptv_TerminalValueGrowthRateMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Terminal value growth rate, measurement input [Member]</link:label>
    <link:label id="lab_ptv_TerminalValueGrowthRateMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_TerminalValueGrowthRateMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Terminal value growth rate, measurement input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TerminalValueGrowthRateMeasurementInputMember" xlink:href="ptv-20201231.xsd#ptv_TerminalValueGrowthRateMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TerminalValueGrowthRateMeasurementInputMember" xlink:to="lab_ptv_TerminalValueGrowthRateMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_db45f4f3-93ab-4e45-813c-ad55982d321d_verboseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">2021</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_04145b64-2c5a-45df-b6b3-9a704f2caca2_terseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_dei_NoTradingSymbolFlag_6b055bfc-b982-44b3-8518-52baf7aadde6_terseLabel_en-US" xlink:label="lab_dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_GoodsOrServicesTransferredAtPointInTimeMember_9ae0bd85-68ab-46fb-89da-1d6f72f2479b_terseLabel_en-US" xlink:label="lab_ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transferred at a point in time &#8211; Licensing Income</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_EquityAttributableToOwnersOfParent_d63c9e28-a864-4afb-a8f5-698f10163a32_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity attributable to the owners of the Company</link:label>
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    <link:label id="lab_dei_DocumentInformationLineItems_fdcc74cb-eddd-4f66-ba6f-69f5a5b9eacf_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document and Entity Information [Line Items]</link:label>
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    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_68768e71-b5d4-48ff-8fe5-1c9912d5eb40_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_d26efdc9-76f8-4ab8-b955-01dfa37b4835_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_a7189b42-e679-4486-9e92-4849587d8fdb_periodEndLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_de8167aa-2751-4ede-9440-1aa670cd584f_verboseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_AverageNumberOfEmployees_45145cd5-030b-4482-a814-913c24141a07_terseLabel_en-US" xlink:label="lab_ifrs-full_AverageNumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Average number of employees</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Average number of employees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageNumberOfEmployees" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AverageNumberOfEmployees"/>
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    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward_84f0fe46-b284-4c9f-9fb1-d6bc4c658fa3_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_f12ac42c-6eca-4080-a240-b7f701834a81_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Notes Payable - Loans [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNotesPayableLoansTable" xlink:href="ptv-20201231.xsd#ptv_SubsidiaryNotesPayableLoansTable"/>
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    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsLineItems_37e4582b-a861-4535-8302-743c52e8962b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfNumberAndWeightedAverageRemainingContractualLifeOfOutstandingShareOptionsLineItems"/>
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    <link:label id="lab_ifrs-full_DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions_c5d858dc-b2bd-48f4-8972-33bde7b5799d_terseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseIncreaseThroughTaxOnSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revaluation of deferred tax assets related&#160;to&#160;share-based&#160;awards</link:label>
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    <link:label id="lab_ifrs-full_Equity_47a0e648-76ec-4522-9ea1-2e07a9b0ae42_totalLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total equity</link:label>
    <link:label id="lab_ifrs-full_Equity_c17d61be-81cf-48ce-bf55-e77e8d469799_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity at beginning of period</link:label>
    <link:label id="lab_ifrs-full_Equity_dff23895-32f1-44f8-8826-16d12b0b1859_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity</link:label>
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    <link:label id="lab_ptv_RateOfTransactionCosts_62c1a09d-d0a5-4d5d-acce-b33d34ee2429_terseLabel_en-US" xlink:label="lab_ptv_RateOfTransactionCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transaction Costs</link:label>
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    <link:label id="lab_ptv_RateOfTransactionCosts_documentation_en-US" xlink:label="lab_ptv_RateOfTransactionCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of transaction costs</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_7a66bdda-78f5-42a7-8d52-f7bfae1daa58_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets</link:label>
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    <link:label id="lab_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_cbc0cb86-be94-42b4-9f8c-153f3e095d11_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for impairment of financial assets [member]</link:label>
    <link:label id="lab_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for impairment of financial assets [member]</link:label>
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    <link:label id="lab_ptv_RateOfMarkToMarketInvestmentInSubsidiary_703c6de7-b171-4183-9a2f-32a7fa5bf9a5_negatedTerseLabel_en-US" xlink:label="lab_ptv_RateOfMarkToMarketInvestmentInSubsidiary" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Mark-to-market investment in subsidiary</link:label>
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    <link:label id="lab_ptv_RateOfMarkToMarketInvestmentInSubsidiary_documentation_en-US" xlink:label="lab_ptv_RateOfMarkToMarketInvestmentInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of Mark to Market investment in subsidiary</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory_a8cf57cb-bc2f-4b6c-af7b-79efffaaac88_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options</link:label>
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    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_b3681ffe-1e47-4e1b-8c75-62c5b182163d_netLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets, net</link:label>
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    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_2d1d1924-55d9-42c5-b981-cbb0232635d1_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total current income tax expense/(benefit)</link:label>
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    <link:label id="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties_7611f70d-4a51-4780-bf8a-c0a9dc9ec117_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non controlling interests and options issued to third parties</link:label>
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    <link:label id="lab_ptv_PreferredShareWarrantsMember_25fad106-138e-40c7-a38d-7da38450975c_terseLabel_en-US" xlink:label="lab_ptv_PreferredShareWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Preferred share warrants</link:label>
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    <link:label id="lab_ptv_PreferredShareWarrantsMember_documentation_en-US" xlink:label="lab_ptv_PreferredShareWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Preferred share warrants</link:label>
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    <link:label id="lab_ptv_NotesPayableLineItems_2b37ca8e-2ab3-4cce-b85d-c22e1aeb840e_terseLabel_en-US" xlink:label="lab_ptv_NotesPayableLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Notes Payable [Line Items]</link:label>
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    <link:label id="lab_dei_LocalPhoneNumber_e124fb53-6606-4f47-8ad3-f5c093dbd01f_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
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    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_4602e2e2-c0b9-412c-bd36-55918cbe83cc_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchases of short-term investments</link:label>
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    <link:label id="lab_srt_CumulativeEffectPeriodOfAdoptionDomain_9626eff9-06ff-4949-b204-8300eb9861c0_terseLabel_en-US" xlink:label="lab_srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative Effect, Period of Adoption [Domain]</link:label>
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    <link:label id="lab_ifrs-full_SignificantUnobservableInputAssets_15f17a8b-d6cb-4e4b-a06a-b0b01ae26cd5_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted Average</link:label>
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    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_c8cf7733-d02e-4ece-8372-3512958e88d5_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
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    <link:label id="lab_ptv_SubsidiaryPlansAbstract_cdc99b9f-30d4-4263-9998-ea623faedff1_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPlansAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiary Plans [Abstract]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPlansAbstract" xlink:href="ptv-20201231.xsd#ptv_SubsidiaryPlansAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPlansAbstract" xlink:to="lab_ptv_SubsidiaryPlansAbstract" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_dei_AddressTypeDomain_1be414f2-1a3c-4041-8305-a0319bc2921a_terseLabel_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_RateOfDeconsolidationAdjustments_094b98d0-854e-4ab8-a722-5334f60e90ca_negatedTerseLabel_en-US" xlink:label="lab_ptv_RateOfDeconsolidationAdjustments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deconsolidation adjustments</link:label>
    <link:label id="lab_ptv_RateOfDeconsolidationAdjustments_label_en-US" xlink:label="lab_ptv_RateOfDeconsolidationAdjustments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of deconsolidation adjustments</link:label>
    <link:label id="lab_ptv_RateOfDeconsolidationAdjustments_documentation_en-US" xlink:label="lab_ptv_RateOfDeconsolidationAdjustments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rate of deconsolidation adjustments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfDeconsolidationAdjustments" xlink:href="ptv-20201231.xsd#ptv_RateOfDeconsolidationAdjustments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfDeconsolidationAdjustments" xlink:to="lab_ptv_RateOfDeconsolidationAdjustments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InterestExpenseReconciliationOfEffectiveTaxRate_a582a448-da89-4678-97dc-3e6394a75016_terseLabel_en-US" xlink:label="lab_ptv_InterestExpenseReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Expense</link:label>
    <link:label id="lab_ptv_InterestExpenseReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_InterestExpenseReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest expense, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_InterestExpenseReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_InterestExpenseReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest expense, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InterestExpenseReconciliationOfEffectiveTaxRate" xlink:href="ptv-20201231.xsd#ptv_InterestExpenseReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InterestExpenseReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_InterestExpenseReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeReceivablesMember_de3ef50e-f8b4-40c0-b471-b6baf62a57bb_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade and other receivables [member]</link:label>
    <link:label id="lab_ifrs-full_TradeReceivablesMember_label_en-US" xlink:label="lab_ifrs-full_TradeReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade receivables [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeReceivablesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeReceivablesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeReceivablesMember" xlink:to="lab_ifrs-full_TradeReceivablesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EarningslossPerShareAbstract_afc7aac8-e564-4889-9562-9210a135bad8_terseLabel_en-US" xlink:label="lab_ptv_EarningslossPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings/(loss) per share</link:label>
    <link:label id="lab_ptv_EarningslossPerShareAbstract_label_en-US" xlink:label="lab_ptv_EarningslossPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings/(loss) per share [Abstract]</link:label>
    <link:label id="lab_ptv_EarningslossPerShareAbstract_documentation_en-US" xlink:label="lab_ptv_EarningslossPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Earnings/(loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EarningslossPerShareAbstract" xlink:href="ptv-20201231.xsd#ptv_EarningslossPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EarningslossPerShareAbstract" xlink:to="lab_ptv_EarningslossPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember_56ab6e70-9c34-4f1d-8ff9-38878b498480_terseLabel_en-US" xlink:label="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total Share-based Payments Expense Category [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_ProbabilityWeightedExpectedReturnMethodMember_502451f8-be7e-4773-ab27-cc8b50aa05cd_terseLabel_en-US" xlink:label="lab_ptv_ProbabilityWeightedExpectedReturnMethodMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Probability Weighted Expected Return Method</link:label>
    <link:label id="lab_ptv_ProbabilityWeightedExpectedReturnMethodMember_label_en-US" xlink:label="lab_ptv_ProbabilityWeightedExpectedReturnMethodMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Probability Weighted Expected Return Method [Member]</link:label>
    <link:label id="lab_ptv_ProbabilityWeightedExpectedReturnMethodMember_documentation_en-US" xlink:label="lab_ptv_ProbabilityWeightedExpectedReturnMethodMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Probability Weighted Expected Return Method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProbabilityWeightedExpectedReturnMethodMember" xlink:href="ptv-20201231.xsd#ptv_ProbabilityWeightedExpectedReturnMethodMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProbabilityWeightedExpectedReturnMethodMember" xlink:to="lab_ptv_ProbabilityWeightedExpectedReturnMethodMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TimeToLiquidityMember_2b1d047a-7fe1-4ee1-a7b2-6a825b56e90f_terseLabel_en-US" xlink:label="lab_ptv_TimeToLiquidityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Time to Liquidity</link:label>
    <link:label id="lab_ptv_TimeToLiquidityMember_label_en-US" xlink:label="lab_ptv_TimeToLiquidityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Time to Liquidity [Member]</link:label>
    <link:label id="lab_ptv_TimeToLiquidityMember_documentation_en-US" xlink:label="lab_ptv_TimeToLiquidityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Time to Liquidity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TimeToLiquidityMember" xlink:href="ptv-20201231.xsd#ptv_TimeToLiquidityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TimeToLiquidityMember" xlink:to="lab_ptv_TimeToLiquidityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfEquityTextBlock_d80193ec-3456-40de-94b8-8d3e76bfcf6e_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfEquityTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfEquityTextBlock" xlink:href="ptv-20201231.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_ShortTermAndLongTermOfLeaseReceivablesTable_57fe6a2a-cbf8-4099-90f5-bd4af2f8bbc6_terseLabel_en-US" xlink:label="lab_ptv_ShortTermAndLongTermOfLeaseReceivablesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term and Long-term of lease receivables [Table]</link:label>
    <link:label id="lab_ptv_ShortTermAndLongTermOfLeaseReceivablesTable_label_en-US" xlink:label="lab_ptv_ShortTermAndLongTermOfLeaseReceivablesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term and Long-term of lease receivables [Table]</link:label>
    <link:label id="lab_ptv_ShortTermAndLongTermOfLeaseReceivablesTable_documentation_en-US" xlink:label="lab_ptv_ShortTermAndLongTermOfLeaseReceivablesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Short-term and Long-term of lease receivables [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermAndLongTermOfLeaseReceivablesTable" xlink:href="ptv-20201231.xsd#ptv_ShortTermAndLongTermOfLeaseReceivablesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermAndLongTermOfLeaseReceivablesTable" xlink:to="lab_ptv_ShortTermAndLongTermOfLeaseReceivablesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceSharePlanLineItems_7d404ce4-e4c7-4b9a-b78b-f6e7e4a6d03a_terseLabel_en-US" xlink:label="lab_ptv_PerformanceSharePlanLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Share Plan [Line Items]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanLineItems_label_en-US" xlink:label="lab_ptv_PerformanceSharePlanLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Share Plan [Line Items]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanLineItems_documentation_en-US" xlink:label="lab_ptv_PerformanceSharePlanLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Share Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceSharePlanLineItems" xlink:href="ptv-20201231.xsd#ptv_PerformanceSharePlanLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceSharePlanLineItems" xlink:to="lab_ptv_PerformanceSharePlanLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_aca341b5-074d-47e3-8402-d9a32b1f9a61_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_SummaryOfFinancialInformationOfGelesisTextBlock_5ee9ce28-ed93-4418-a149-1530e288da15_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfFinancialInformationOfGelesisTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary of Financial information of Gelesis</link:label>
    <link:label id="lab_ptv_SummaryOfFinancialInformationOfGelesisTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfFinancialInformationOfGelesisTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary of Financial information of Gelesis [Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfFinancialInformationOfGelesisTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfFinancialInformationOfGelesisTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary of Financial information of Gelesis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfFinancialInformationOfGelesisTextBlock" xlink:href="ptv-20201231.xsd#ptv_SummaryOfFinancialInformationOfGelesisTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfFinancialInformationOfGelesisTextBlock" xlink:to="lab_ptv_SummaryOfFinancialInformationOfGelesisTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence_d2c22b55-9760-4132-b987-6afd9332f46f_terseLabel_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of investment at loss of significant influence</link:label>
    <link:label id="lab_ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence_label_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of investment at loss of significant influence</link:label>
    <link:label id="lab_ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence_documentation_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification of investment at loss of significant influence</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence" xlink:href="ptv-20201231.xsd#ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence" xlink:to="lab_ptv_ReclassificationOfInvestmentAtLossOfSignificantInfluence" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_65c83370-5a7e-4a1d-a882-dffeb62fe441_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of net income/(loss) of associates accounted for using the equity method</link:label>
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    <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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentAbstract"/>
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    <link:label id="lab_ptv_AdditionsLeaseLiabilities_6db8023a-c0a9-4dd5-aff0-3cbe744d4935_terseLabel_en-US" xlink:label="lab_ptv_AdditionsLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_ptv_AdditionsLeaseLiabilities_label_en-US" xlink:label="lab_ptv_AdditionsLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions Lease Liabilities</link:label>
    <link:label id="lab_ptv_AdditionsLeaseLiabilities_documentation_en-US" xlink:label="lab_ptv_AdditionsLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions Lease Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdditionsLeaseLiabilities" xlink:href="ptv-20201231.xsd#ptv_AdditionsLeaseLiabilities"/>
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    <link:label id="lab_ifrs-full_DisclosureOfGoingConcernExplanatory_4a9d9663-cff5-465b-926b-5440210fbf00_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfGoingConcernExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Going Concern</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfGoingConcernExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfGoingConcernExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of going concern [text block]</link:label>
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    <link:label id="lab_ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised_773cda7a-bcb6-4eb1-9894-83602d7e8b82_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unused tax credits for which no deferred tax asset recognised</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised"/>
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    <link:label id="lab_ifrs-full_RightofuseAssets_e611253e-1070-4d21-a23f-e9f3cdcf747f_terseLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Right of use asset, net</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_98b71e8e-8c16-415a-96ce-b4735afe3b22_periodStartLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance at beginning of period</link:label>
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    <link:label id="lab_ifrs-full_RightofuseAssets_0b58cf5d-904f-4b89-a93f-3d01e83c9bf9_verboseLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ROU asset</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RightofuseAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_IncreaseDecreaseThroughVestingOfRSU_3c324988-45f4-4591-b642-5b969e7cf2c3_terseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughVestingOfRSU" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Vesting of restricted stock units (RSU)</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughVestingOfRSU_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughVestingOfRSU" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase Decrease through vesting of RSU</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughVestingOfRSU_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughVestingOfRSU" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase Decrease through vesting of RSU</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughVestingOfRSU" xlink:href="ptv-20201231.xsd#ptv_IncreaseDecreaseThroughVestingOfRSU"/>
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    <link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_4ae9fc4a-b00b-4f95-a9f2-52ef7ff6d78b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Buyback of shares</link:label>
    <link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_label_en-US" xlink:label="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments to acquire or redeem entity's shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PaymentsToAcquireOrRedeemEntitysShares"/>
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    <link:label id="lab_ptv_FinanceIncomeAbstract_6debfb67-b1ce-468c-90aa-367f6ae449a4_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income [Abstract]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomeAbstract" xlink:href="ptv-20201231.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_AdjustmentsLeaseLiabilities_fbda7c65-9e41-42e5-adeb-d418c76ee752_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments</link:label>
    <link:label id="lab_ptv_AdjustmentsLeaseLiabilities_label_en-US" xlink:label="lab_ptv_AdjustmentsLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments, lease liabilities</link:label>
    <link:label id="lab_ptv_AdjustmentsLeaseLiabilities_documentation_en-US" xlink:label="lab_ptv_AdjustmentsLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments, lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsLeaseLiabilities" xlink:href="ptv-20201231.xsd#ptv_AdjustmentsLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentsLeaseLiabilities" xlink:to="lab_ptv_AdjustmentsLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncome_853bed90-3ba6-409c-8c19-051e848df2bc_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income</link:label>
    <link:label id="lab_ifrs-full_FinanceIncome_83252789-5dee-48e7-8df7-4e87f2c05747_totalLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTextBlock_8c7539ee-7016-4302-bb02-238822a18c76_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Summary of aggregation of subsidiaries with material non-controlling interests before intra-group eliminations</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTextBlock" xlink:href="ptv-20201231.xsd#ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTextBlock"/>
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    <link:label id="lab_ifrs-full_FixturesAndFittingsMember_45fe3e50-c896-426d-a942-d4b75cab7bb2_terseLabel_en-US" xlink:label="lab_ifrs-full_FixturesAndFittingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fixtures and fittings [member]</link:label>
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    <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_NetAssetsLiabilities_91580077-8016-4b2e-bd6e-e0de2258f70b_totalLabel_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net assets/(liabilities)</link:label>
    <link:label id="lab_ifrs-full_NetAssetsLiabilities_8e1db520-9b2c-43bd-8524-4daeea34f5fc_terseLabel_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net assets/(liabilities)</link:label>
    <link:label id="lab_ifrs-full_NetAssetsLiabilities_label_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets (liabilities)</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetAssetsLiabilities" xlink:to="lab_ifrs-full_NetAssetsLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockIncentivePlanMember_ffa82822-5bf9-45a1-bf13-f0000ef349b2_terseLabel_en-US" xlink:label="lab_ptv_StockIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Incentive Plan [Member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock Incentive Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockIncentivePlanMember" xlink:href="ptv-20201231.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_OtherReservesMember_a6b8a392-15ee-4e3e-b972-372445ad7d54_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherReservesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other reserves [member]</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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other reserves [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReservesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_FinancialAssetsCategoryMember_d8f516cd-26df-47fb-ab39-36e4fe3e60f3_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets, category [member]</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsCategoryMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TradePayablesIncomeTaxPayable_685f1d5e-a6ba-4ecb-ac01-fd71fb91a5d1_terseLabel_en-US" xlink:label="lab_ptv_TradePayablesIncomeTaxPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income tax payable</link:label>
    <link:label id="lab_ptv_TradePayablesIncomeTaxPayable_label_en-US" xlink:label="lab_ptv_TradePayablesIncomeTaxPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade payables, income tax payable</link:label>
    <link:label id="lab_ptv_TradePayablesIncomeTaxPayable_documentation_en-US" xlink:label="lab_ptv_TradePayablesIncomeTaxPayable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade payables, income tax payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TradePayablesIncomeTaxPayable" xlink:href="ptv-20201231.xsd#ptv_TradePayablesIncomeTaxPayable"/>
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    <link:label id="lab_ifrs-full_DisclosureOfPerformanceObligationsLineItems_4f1f897b-347d-4647-b693-a1eac238e627_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPerformanceObligationsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of performance obligations [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPerformanceObligationsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPerformanceObligationsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of performance obligations [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPerformanceObligationsLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfPerformanceObligationsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPerformanceObligationsLineItems" xlink:to="lab_ifrs-full_DisclosureOfPerformanceObligationsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BoehringerIngelheimInternationalGMBHMember_8f20d205-2e94-48b8-9bcf-20b7c10c6f7e_terseLabel_en-US" xlink:label="lab_ptv_BoehringerIngelheimInternationalGMBHMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Boehringer Ingelheim International GMBH</link:label>
    <link:label id="lab_ptv_BoehringerIngelheimInternationalGMBHMember_label_en-US" xlink:label="lab_ptv_BoehringerIngelheimInternationalGMBHMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Boehringer Ingelheim International GMBH [Member]</link:label>
    <link:label id="lab_ptv_BoehringerIngelheimInternationalGMBHMember_documentation_en-US" xlink:label="lab_ptv_BoehringerIngelheimInternationalGMBHMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Boehringer Ingelheim International GMBH</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BoehringerIngelheimInternationalGMBHMember" xlink:href="ptv-20201231.xsd#ptv_BoehringerIngelheimInternationalGMBHMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BoehringerIngelheimInternationalGMBHMember" xlink:to="lab_ptv_BoehringerIngelheimInternationalGMBHMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherIncomeexpenseAbstract_652cb5d0-c1a6-45ea-af4f-e64f3a6731db_terseLabel_en-US" xlink:label="lab_ptv_OtherIncomeexpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other income/(expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherIncomeexpenseAbstract" xlink:href="ptv-20201231.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_dei_DocumentRegistrationStatement_1d80a34e-51b5-48db-80f9-c651d902097c_terseLabel_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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/2020/dei-2020-01-31.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_FinancialInstrumentsFairValueMeasurementAndClassificationTable_beb80e7d-31c0-40ce-ac28-65a546ce6c8c_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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-20201231.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_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable_6d268848-05d9-4eb0-ab1c-1805c3b36e74_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems_4ef5140a-17e3-4e4e-a5ae-b9d6232e8fef_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems" xlink:to="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EntitysTotalForRelatedPartiesMember_68b3429e-b1d2-44dc-b0d4-07216722da81_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for related parties [member]</link:label>
    <link:label id="lab_ifrs-full_EntitysTotalForRelatedPartiesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for related parties [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance Cost Net [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceCostNetAbstract" xlink:href="ptv-20201231.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"/>
    <link:label id="lab_ifrs-full_InterestRateTypesMember_54591284-525e-45a3-a15b-f1cb50ae7caa_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestRateTypesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest rate types [member]</link:label>
    <link:label id="lab_ifrs-full_InterestRateTypesMember_label_en-US" xlink:label="lab_ifrs-full_InterestRateTypesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest rate types [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRateTypesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestRateTypesMember"/>
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    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_fb78c885-e17a-4e22-ba3f-bc61d487406e_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFiveYearsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_39c80f65-9ac8-46c9-bf15-655bfb423f08_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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_DeferredTaxLiabilities_c1c5f006-82de-4ac8-a75a-e5cc91422967_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax liability</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_a9026dc7-5755-4eae-b312-829a5e65c98a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" 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" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.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"/>
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