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    <link:label id="lab_ptv_EquityValueMeasurementInputMember_16dcdd96-820a-4ecb-aae4-b78368303ba9_terseLabel_en-US" xlink:label="lab_ptv_EquityValueMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Value</link:label>
    <link:label id="lab_ptv_EquityValueMeasurementInputMember_label_en-US" xlink:label="lab_ptv_EquityValueMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Value, Measurement Input [Member]</link:label>
    <link:label id="lab_ptv_EquityValueMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_EquityValueMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Value, Measurement Input</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_d9d35254-a64a-4c9e-804b-59e55ae74126_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of Future Royalties Liability</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory"/>
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    <link:label id="lab_ifrs-full_OrdinarySharesMember_6684273f-42a9-4f55-8465-6681e2a4dc13_terseLabel_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common</link:label>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_label_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ordinary shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OrdinarySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OrdinarySharesMember"/>
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    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_6bddf238-8df8-4a6c-ac5b-853b0d69edc0_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
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    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_b3031fb4-a222-4fe7-af14-e9ac076f4b79_verboseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValue"/>
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    <link:label id="lab_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory_091a3816-6c8a-4c49-9f61-5321a36f5e30_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in Equity Classified Non-controlling Ownership Interests in Subsidiaries</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interests in subsidiaries [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory"/>
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    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_1dcb3ce4-5b82-40b8-aeb6-37966a0f016f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of associates [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of associates [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_e3040f28-dd0b-4805-99e4-542371a04681_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_64835c26-3d61-4bed-b8df-befeebc1aebb_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_6ea3d402-624b-42f9-a979-5c8ba04f535d_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current financial assets at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss"/>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_80399bb9-28b9-4c50-8b5a-5137028a4427_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_282c6cf3-1076-4e2c-a049-4480bc401beb_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Owners of the Group</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income, attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory_f90ad2f7-0dcd-4bc7-96ed-7a907552d76b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Sensitivity Analysis of Fair Value Measurement to Changes in Unobservable Inputs, Liabilities</link:label>
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    <link:label id="lab_ptv_A2023PerformanceSharePlanMember_c22d47e3-4c9a-4445-942d-0d2cbd2554cf_terseLabel_en-US" xlink:label="lab_ptv_A2023PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2023 Performance Share Plan</link:label>
    <link:label id="lab_ptv_A2023PerformanceSharePlanMember_label_en-US" xlink:label="lab_ptv_A2023PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2023 Performance Share Plan [Member]</link:label>
    <link:label id="lab_ptv_A2023PerformanceSharePlanMember_documentation_en-US" xlink:label="lab_ptv_A2023PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2023 Performance Share Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_A2023PerformanceSharePlanMember" xlink:href="ptv-20240630.xsd#ptv_A2023PerformanceSharePlanMember"/>
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    <link:label id="lab_ifrs-full_RevenueFromGovernmentGrants_9fdcf0a3-b787-4f32-8c0a-96ef3fa3b517_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Grant revenue</link:label>
    <link:label id="lab_ifrs-full_RevenueFromGovernmentGrants_label_en-US" xlink:label="lab_ifrs-full_RevenueFromGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income from government grants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromGovernmentGrants" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RevenueFromGovernmentGrants"/>
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    <link:label id="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards_414095e9-cf77-4746-bd28-a14404f84394_terseLabel_en-US" xlink:label="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settlement of restricted stock units through issuance of equity</link:label>
    <link:label id="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards_label_en-US" xlink:label="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ordinary Shares Issued To Settle Share-based Payment Awards</link:label>
    <link:label id="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards_documentation_en-US" xlink:label="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ordinary Shares Issued To Settle Share-based Payment Awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:href="ptv-20240630.xsd#ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:to="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalBusinessOrSourcingCompanyMember_0db6f9db-4e4d-43a7-8d6f-3469916edb7d_terseLabel_en-US" xlink:label="lab_ptv_TotalBusinessOrSourcingCompanyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Business Or Sourcing Company</link:label>
    <link:label id="lab_ptv_TotalBusinessOrSourcingCompanyMember_label_en-US" xlink:label="lab_ptv_TotalBusinessOrSourcingCompanyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Business Or Sourcing Company [Member]</link:label>
    <link:label id="lab_ptv_TotalBusinessOrSourcingCompanyMember_documentation_en-US" xlink:label="lab_ptv_TotalBusinessOrSourcingCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Business Or Sourcing Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TotalBusinessOrSourcingCompanyMember" xlink:href="ptv-20240630.xsd#ptv_TotalBusinessOrSourcingCompanyMember"/>
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    <link:label id="lab_ptv_NumberOfSharesHeld_73280af1-df7d-437d-b629-2419b807cf65_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares held (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfSharesHeld_label_en-US" xlink:label="lab_ptv_NumberOfSharesHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares Held</link:label>
    <link:label id="lab_ptv_NumberOfSharesHeld_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesHeld" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares Held</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesHeld" xlink:href="ptv-20240630.xsd#ptv_NumberOfSharesHeld"/>
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    <link:label id="lab_ptv_VedantaMember_documentation_en-US" xlink:label="lab_ptv_VedantaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vedanta</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaMember" xlink:href="ptv-20240630.xsd#ptv_VedantaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VedantaMember" xlink:to="lab_ptv_VedantaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_161d81e0-abac-4692-8a73-c0ff0ce7921b_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vested (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments exercised or vested in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfAssociatesLineItems_4c9a08c7-10c4-4d3b-b8d8-88c40d1c1050_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of associates [Line Items]</link:label>
    <link:label id="lab_ptv_DisclosureOfAssociatesLineItems_label_en-US" xlink:label="lab_ptv_DisclosureOfAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of associates [Line Items]</link:label>
    <link:label id="lab_ptv_DisclosureOfAssociatesLineItems_documentation_en-US" xlink:label="lab_ptv_DisclosureOfAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfAssociatesLineItems" xlink:href="ptv-20240630.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_srt_EquityMethodInvesteeNameDomain_cef9f140-e4a4-49e6-ad04-70df50c075ec_terseLabel_en-US" xlink:label="lab_srt_EquityMethodInvesteeNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment, Name [Domain]</link:label>
    <link:label id="lab_srt_EquityMethodInvesteeNameDomain_label_en-US" xlink:label="lab_srt_EquityMethodInvesteeNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_EquityMethodInvesteeNameDomain" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_EquityMethodInvesteeNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_EquityMethodInvesteeNameDomain" xlink:to="lab_srt_EquityMethodInvesteeNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MinimumLiquidationPreference_6edffb04-0161-43f3-b721-a4d6b310ade3_terseLabel_en-US" xlink:label="lab_ptv_MinimumLiquidationPreference" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total minimum liquidation preference</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreference_label_en-US" xlink:label="lab_ptv_MinimumLiquidationPreference" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreference_documentation_en-US" xlink:label="lab_ptv_MinimumLiquidationPreference" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MinimumLiquidationPreference" xlink:href="ptv-20240630.xsd#ptv_MinimumLiquidationPreference"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MinimumLiquidationPreference" xlink:to="lab_ptv_MinimumLiquidationPreference" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DrJohnLaMattinaIndividuallyMember_9ac434db-568c-4bf9-b310-955888e0f0b4_terseLabel_en-US" xlink:label="lab_ptv_DrJohnLaMattinaIndividuallyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" 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" 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" xml:lang="en-US">Dr John LaMattina (individually)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrJohnLaMattinaIndividuallyMember" xlink:href="ptv-20240630.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_ptv_NumberOfSharesAcquiredPerShare_2d621079-27af-479a-807e-60338e34ae59_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares acquired per share (in euro per share)</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquiredPerShare_label_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired, Per Share</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquiredPerShare_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredPerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired, Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesAcquiredPerShare" xlink:href="ptv-20240630.xsd#ptv_NumberOfSharesAcquiredPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesAcquiredPerShare" xlink:to="lab_ptv_NumberOfSharesAcquiredPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockOptionsMember_e9af518d-fc99-4445-bf68-2a96c1bb8e17_terseLabel_en-US" xlink:label="lab_ptv_StockOptionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock options</link:label>
    <link:label id="lab_ptv_StockOptionsMember_label_en-US" xlink:label="lab_ptv_StockOptionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Options [Member]</link:label>
    <link:label id="lab_ptv_StockOptionsMember_documentation_en-US" xlink:label="lab_ptv_StockOptionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockOptionsMember" xlink:href="ptv-20240630.xsd#ptv_StockOptionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockOptionsMember" xlink:to="lab_ptv_StockOptionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_c0cf4396-a2a9-4384-9c56-b35bb0455f65_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total non-current liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilities" xlink:to="lab_ifrs-full_NoncurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_cf8be360-696a-4bb6-815f-804889e20e66_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments in respect of developmental milestones</link:label>
    <link:label id="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_label_en-US" xlink:label="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimated financial effect of contingent liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EstimatedFinancialEffectOfContingentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:to="lab_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_e742a15a-7c23-45d2-90c8-dcd6450a245e_verboseLabel_en-US" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other financial assets</link:label>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestrictedCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RestrictedCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled_72f61ae1-7122-43cb-993f-3ef94246e623_negatedTerseLabel_en-US" xlink:label="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Effect of shares issued &amp; treasury shares purchased and cancelled (in shares)</link:label>
    <link:label id="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled_label_en-US" xlink:label="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dilutive Effect Of All Instruments On Weighted Average Number Of Ordinary Shares, Including Effect Of Treasury Shares Purchased And Cancelled</link:label>
    <link:label id="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled_documentation_en-US" xlink:label="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dilutive Effect Of All Instruments On Weighted Average Number Of Ordinary Shares, Including Effect Of Treasury Shares Purchased And Cancelled</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:href="ptv-20240630.xsd#ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:to="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchasedAndCancelled" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_c609d071-3f45-4f6a-a437-b2d3b6accd3c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityDomain_3f4c4a4d-9ef0-4f17-b101-478714873062_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfEquityDomain_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComponentsOfEquityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityDomain" xlink:to="lab_ifrs-full_ComponentsOfEquityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CommitmentsAndContingenciesAbstract_label_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments And Contingencies [Abstract]</link:label>
    <link:label id="lab_ptv_CommitmentsAndContingenciesAbstract_documentation_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitments And Contingencies [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommitmentsAndContingenciesAbstract" xlink:href="ptv-20240630.xsd#ptv_CommitmentsAndContingenciesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CommitmentsAndContingenciesAbstract" xlink:to="lab_ptv_CommitmentsAndContingenciesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions_4a4f9210-096f-407c-aea7-352af22f5932_terseLabel_en-US" xlink:label="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for share-based awards</link:label>
    <link:label id="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions_label_en-US" xlink:label="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncurrent Liabilities From Share based Payment Transactions</link:label>
    <link:label id="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions_documentation_en-US" xlink:label="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncurrent Liabilities From Share based Payment Transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:href="ptv-20240630.xsd#ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:to="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TimeBasedRSUsMember_c36cc8fb-e094-4fbc-a3b6-ee10e370168f_terseLabel_en-US" xlink:label="lab_ptv_TimeBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Time based RSUs</link:label>
    <link:label id="lab_ptv_TimeBasedRSUsMember_label_en-US" xlink:label="lab_ptv_TimeBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time Based RSUs [Member]</link:label>
    <link:label id="lab_ptv_TimeBasedRSUsMember_documentation_en-US" xlink:label="lab_ptv_TimeBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Time Based RSUs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TimeBasedRSUsMember" xlink:href="ptv-20240630.xsd#ptv_TimeBasedRSUsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TimeBasedRSUsMember" xlink:to="lab_ptv_TimeBasedRSUsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GeneralAndAdministrativeMember_3cf6aea9-4224-4405-8528-4c3c945054dd_terseLabel_en-US" xlink:label="lab_ptv_GeneralAndAdministrativeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General and administrative</link:label>
    <link:label id="lab_ptv_GeneralAndAdministrativeMember_label_en-US" xlink:label="lab_ptv_GeneralAndAdministrativeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General And Administrative [Member]</link:label>
    <link:label id="lab_ptv_GeneralAndAdministrativeMember_documentation_en-US" xlink:label="lab_ptv_GeneralAndAdministrativeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">General And Administrative</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GeneralAndAdministrativeMember" xlink:href="ptv-20240630.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_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems_c2e68ed3-35fe-4135-a31a-ceeb1f12f6b5_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems"/>
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    <link:label id="lab_ifrs-full_OtherGainsLosses_0c13d4cf-044f-4268-ad5a-1fd8006f5782_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income/(expense)</link:label>
    <link:label id="lab_ifrs-full_OtherGainsLosses_label_en-US" xlink:label="lab_ifrs-full_OtherGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other gains (losses)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherGainsLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherGainsLosses"/>
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    <link:label id="lab_ptv_A2015PerformanceSharePlanMember_e6fad4ad-faef-407e-b16b-73e928c4d4f4_terseLabel_en-US" xlink:label="lab_ptv_A2015PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2015 Performance Share Plan</link:label>
    <link:label id="lab_ptv_A2015PerformanceSharePlanMember_label_en-US" xlink:label="lab_ptv_A2015PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2015 Performance Share Plan [Member]</link:label>
    <link:label id="lab_ptv_A2015PerformanceSharePlanMember_documentation_en-US" xlink:label="lab_ptv_A2015PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2015 Performance Share Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_A2015PerformanceSharePlanMember" xlink:href="ptv-20240630.xsd#ptv_A2015PerformanceSharePlanMember"/>
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    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems_cac464ab-1269-4c8f-8f06-1968db91058c_terseLabel_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Line Items]</link:label>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems_label_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Line Items]</link:label>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems_documentation_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:href="ptv-20240630.xsd#ptv_EquityAcquiredShareCapitalPureTechLLCLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:to="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod_2afc082f-02dc-49e1-b044-5173f373f25d_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation arrangement by share-based payment award, award vesting period</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod_label_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Period</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod_documentation_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod" xlink:href="ptv-20240630.xsd#ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod"/>
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    <link:label id="lab_ptv_KarunaMember_e0b8d848-1a3a-48bb-941e-289a53f32dda_terseLabel_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Karuna</link:label>
    <link:label id="lab_ptv_KarunaMember_label_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Karuna [Member]</link:label>
    <link:label id="lab_ptv_KarunaMember_documentation_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Karuna</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_KarunaMember" xlink:href="ptv-20240630.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_ptv_OtherFinancialAssetsAbstract_label_en-US" xlink:label="lab_ptv_OtherFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Financial Assets [Abstract]</link:label>
    <link:label id="lab_ptv_OtherFinancialAssetsAbstract_documentation_en-US" xlink:label="lab_ptv_OtherFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Financial Assets [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherFinancialAssetsAbstract" xlink:href="ptv-20240630.xsd#ptv_OtherFinancialAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherFinancialAssetsAbstract" xlink:to="lab_ptv_OtherFinancialAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_26f2a80b-7484-4bdb-8a62-8f7b3fb7f724_netLabel_en-US" xlink:label="lab_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Long-term loan (including current portion)</link:label>
    <link:label id="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_label_en-US" xlink:label="lab_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current portion of non-current borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentPortionOfLongtermBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:to="lab_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputAssets_5e6e30fd-225f-4518-a710-40596d4c90ff_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant unobservable input</link:label>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantUnobservableInputAssets" xlink:to="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_bd998f21-9a60-4a98-8f4a-c15c4c06f973_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other comprehensive income/(loss)</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_fba19dc0-7da0-42fd-a51a-86b741f09361_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income/(loss) for the period</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeaportMember_9901839b-bab1-489f-934f-478dab0c9759_terseLabel_en-US" xlink:label="lab_ptv_SeaportMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Seaport</link:label>
    <link:label id="lab_ptv_SeaportMember_label_en-US" xlink:label="lab_ptv_SeaportMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seaport [Member]</link:label>
    <link:label id="lab_ptv_SeaportMember_documentation_en-US" xlink:label="lab_ptv_SeaportMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Seaport</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeaportMember" xlink:href="ptv-20240630.xsd#ptv_SeaportMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeaportMember" xlink:to="lab_ptv_SeaportMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShortTermInvestment_d4806123-4c3a-4cb9-8a2a-77bd5140bf07_terseLabel_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term investments</link:label>
    <link:label id="lab_ptv_ShortTermInvestment_label_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Investment</link:label>
    <link:label id="lab_ptv_ShortTermInvestment_documentation_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Short-term Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermInvestment" xlink:href="ptv-20240630.xsd#ptv_ShortTermInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermInvestment" xlink:to="lab_ptv_ShortTermInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_61e7939e-3c57-48e5-a6ee-c6b8e0747814_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of investments held at fair value</link:label>
    <link:label id="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other cash receipts from sales of equity or debt instruments of other entities, classified as investing activities</link:label>
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    <link:label id="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions_d5bec0b3-cc39-46b4-a980-7c98fb45343e_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issuable based on performance conditions (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions_label_en-US" xlink:label="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares issuable based on performance conditions</link:label>
    <link:label id="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares issuable based on performance conditions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:href="ptv-20240630.xsd#ptv_NumberOfSharesIssuableBasedOnPerformanceConditions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:to="lab_ptv_NumberOfSharesIssuableBasedOnPerformanceConditions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_63e3184f-8161-4a39-a41a-bace0a65e29d_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for increase (decrease) in trade accounts payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable"/>
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    <link:label id="lab_ptv_DirectorsAndSeniorManagersMember_6eac48e0-5510-46a6-986c-84a33fa56f4e_terseLabel_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersMember_label_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers [Member]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersMember_documentation_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DirectorsAndSeniorManagersMember" xlink:href="ptv-20240630.xsd#ptv_DirectorsAndSeniorManagersMember"/>
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    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_f866fe80-de6c-414c-9799-5d4c1b02e3bc_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Translation reserve</link:label>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_label_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of exchange differences on translation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation"/>
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    <link:label id="lab_ifrs-full_NoncontrollingInterests_ad8c8da2-2490-47d5-8a6d-1e1df1874c14_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncontrollingInterests"/>
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    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_7add35b4-656c-4428-86a3-631e080ac0a6_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_f7a57214-dd3b-4214-badb-07c20f7245fc_totalLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total trade and other payables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other current payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentPayables" xlink:to="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_e9612418-e73a-4e37-a2ac-c8b3819020f9_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for depreciation and amortisation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:to="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted_c2227511-2ac7-401d-9c10-08a32ca0fc7f_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected terms (in years)</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Option life, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfOptionLifeShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:to="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_08d7e342-6399-4cf5-8022-d308f1ada9e3_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on deconsolidation of subsidiary</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_b41cec86-089f-4aa9-8a18-16884a9f6525_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain on deconsolidation</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised when control of subsidiary is lost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost"/>
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    <link:label id="lab_ptv_ShareBasedLiabiltyAwardsMember_8d9759d7-7a4b-42fd-92ef-4972eb721c9d_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedLiabiltyAwardsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based liability awards</link:label>
    <link:label id="lab_ptv_ShareBasedLiabiltyAwardsMember_label_en-US" xlink:label="lab_ptv_ShareBasedLiabiltyAwardsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share based liabilty awards [Member]</link:label>
    <link:label id="lab_ptv_ShareBasedLiabiltyAwardsMember_documentation_en-US" xlink:label="lab_ptv_ShareBasedLiabiltyAwardsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based liabilty awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedLiabiltyAwardsMember" xlink:href="ptv-20240630.xsd#ptv_ShareBasedLiabiltyAwardsMember"/>
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    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock_b59a2743-9b54-416f-bcad-d60a6ae352fb_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis of accounting</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Presentation [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Presentation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:href="ptv-20240630.xsd#ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock"/>
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    <link:label id="lab_ptv_GelesisMember_7c336c83-9645-4b7b-9642-24f5a1d89df2_terseLabel_en-US" xlink:label="lab_ptv_GelesisMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gelesis</link:label>
    <link:label id="lab_ptv_GelesisMember_label_en-US" xlink:label="lab_ptv_GelesisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gelesis [Member]</link:label>
    <link:label id="lab_ptv_GelesisMember_documentation_en-US" xlink:label="lab_ptv_GelesisMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gelesis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GelesisMember" xlink:href="ptv-20240630.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_ifrs-full_LiabilitiesAbstract_52973526-d1e0-4db8-93ab-9081e848ebbc_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesAbstract" xlink:to="lab_ifrs-full_LiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities_df492214-9177-4fa4-9cc9-a045a1667b19_terseLabel_en-US" xlink:label="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term loan to associate</link:label>
    <link:label id="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Receipts From Repayment Of Current Receivables Due From Associates, Classified As Investing Activities</link:label>
    <link:label id="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities_documentation_en-US" xlink:label="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash Receipts From Repayment Of Current Receivables Due From Associates, Classified As Investing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:href="ptv-20240630.xsd#ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:to="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems_947e2a08-277a-408b-8de2-799447eada1d_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Line Items]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems_label_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Line Items]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems_documentation_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:href="ptv-20240630.xsd#ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems"/>
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    <link:label id="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments_e5bb648d-a5cc-4764-bda8-0873286fd522_totalLabel_en-US" xlink:label="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Consolidated cash, cash equivalents and short-term investments</link:label>
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    <link:label id="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments_documentation_en-US" xlink:label="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents, And Short-term Investments</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable_2ab0a102-9984-4b00-a7c9-9c5e547ad287_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [table]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_04420e39-19f0-49af-b2ff-36f6090b0ca9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
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    <link:label id="lab_ptv_MinimumLiquidationPreferenceLineItems_34058d22-f6d7-4041-9bee-4e6b5b46402f_terseLabel_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Line Items]</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceLineItems_label_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Line Items]</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceLineItems_documentation_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MinimumLiquidationPreferenceLineItems" xlink:href="ptv-20240630.xsd#ptv_MinimumLiquidationPreferenceLineItems"/>
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    <link:label id="lab_ptv_ResearchAndDevelopmentMember_76903f33-7afe-431c-bbc3-b5cfb6c08d95_terseLabel_en-US" xlink:label="lab_ptv_ResearchAndDevelopmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Research and development</link:label>
    <link:label id="lab_ptv_ResearchAndDevelopmentMember_label_en-US" xlink:label="lab_ptv_ResearchAndDevelopmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Research And Development [Member]</link:label>
    <link:label id="lab_ptv_ResearchAndDevelopmentMember_documentation_en-US" xlink:label="lab_ptv_ResearchAndDevelopmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Research And Development</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ResearchAndDevelopmentMember" xlink:href="ptv-20240630.xsd#ptv_ResearchAndDevelopmentMember"/>
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    <link:label id="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue_cc70e46e-cb6f-484f-9c93-00e023cfe776_terseLabel_en-US" xlink:label="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of associate's common stock held at fair value</link:label>
    <link:label id="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue_label_en-US" xlink:label="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of associate common stock held at fair value</link:label>
    <link:label id="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue_documentation_en-US" xlink:label="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of associate common stock held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:href="ptv-20240630.xsd#ptv_NumberOfAssociateCommonStockHeldAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:to="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_dbd7259e-4035-4194-b62e-92061b0213ec_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by investing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonCashItemsAbstract_2cc83ebd-2c25-4473-aa34-a2b91712db0b_terseLabel_en-US" xlink:label="lab_ptv_NonCashItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-cash items:</link:label>
    <link:label id="lab_ptv_NonCashItemsAbstract_label_en-US" xlink:label="lab_ptv_NonCashItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-cash items [Abstract]</link:label>
    <link:label id="lab_ptv_NonCashItemsAbstract_documentation_en-US" xlink:label="lab_ptv_NonCashItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-cash items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonCashItemsAbstract" xlink:href="ptv-20240630.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_ifrs-full_MeasurementDomain_d6264b9b-1205-4f95-9a1f-ef1c0b56f1b0_terseLabel_en-US" xlink:label="lab_ifrs-full_MeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregated measurement</link:label>
    <link:label id="lab_ifrs-full_MeasurementDomain_label_en-US" xlink:label="lab_ifrs-full_MeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MeasurementDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementDomain" xlink:to="lab_ifrs-full_MeasurementDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfTreasurySharesPurchased_fd67a2a7-95b8-45bb-a156-7d1fd655b35d_negatedTerseLabel_en-US" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of treasury stock (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfTreasurySharesPurchased_5bc4dc91-0292-49f2-8576-4027b354a957_terseLabel_en-US" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of treasury stock (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfTreasurySharesPurchased_label_en-US" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Treasury Shares Purchased</link:label>
    <link:label id="lab_ptv_NumberOfTreasurySharesPurchased_documentation_en-US" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Treasury Shares Purchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfTreasurySharesPurchased" xlink:href="ptv-20240630.xsd#ptv_NumberOfTreasurySharesPurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfTreasurySharesPurchased" xlink:to="lab_ptv_NumberOfTreasurySharesPurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PurchasesOfConvertibleNote_9ff4f2c8-6515-455b-8981-243cd8384674_negatedLabel_en-US" xlink:label="lab_ptv_PurchasesOfConvertibleNote" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of short-term loan from associate</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" 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" xml:lang="en-US">Purchases of Convertible Note</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchasesOfConvertibleNote" xlink:href="ptv-20240630.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_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations_4a5fd0e0-abbd-4162-8e4a-0d8fe29aa621_terseLabel_en-US" xlink:label="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of simulations</link:label>
    <link:label id="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations_label_en-US" xlink:label="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Technique, Performance Stock Pricing Model, Number Of Simulations</link:label>
    <link:label id="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations_documentation_en-US" xlink:label="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Valuation Technique, Performance Stock Pricing Model, Number Of Simulations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:href="ptv-20240630.xsd#ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:to="lab_ptv_ValuationTechniquePerformanceStockPricingModelNumberOfSimulations" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceIncomecostsAbstract_2bbf4f61-e4fb-4a7f-98b0-08d3b43570c9_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomecostsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income/(costs):</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsAbstract_label_en-US" xlink:label="lab_ptv_FinanceIncomecostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income/(costs) [Abstract]</link:label>
    <link:label id="lab_ptv_FinanceIncomecostsAbstract_documentation_en-US" xlink:label="lab_ptv_FinanceIncomecostsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance income/(costs)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomecostsAbstract" xlink:href="ptv-20240630.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_LevelsOfFairValueHierarchyDomain_5aae87ee-cd04-4e4a-aea6-a084d76c6dd3_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All levels of fair value hierarchy</link:label>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyDomain_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfEquityInstrumentsInOtherEntities_14e5b58b-51b8-4668-8052-648506262b85_terseLabel_en-US" xlink:label="lab_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of equity instruments in other entities (in shares)</link:label>
    <link:label id="lab_ptv_SaleOfEquityInstrumentsInOtherEntities_label_en-US" xlink:label="lab_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale of equity instruments in other entities</link:label>
    <link:label id="lab_ptv_SaleOfEquityInstrumentsInOtherEntities_documentation_en-US" xlink:label="lab_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale of equity instruments in other entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfEquityInstrumentsInOtherEntities" xlink:href="ptv-20240630.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_4c6ab390-c7a7-4b90-ad78-0d2c7c7235d7_terseLabel_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies [Table]</link:label>
    <link:label id="lab_ptv_CommitmentsAndContingenciesTable_label_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies [Table]</link:label>
    <link:label id="lab_ptv_CommitmentsAndContingenciesTable_documentation_en-US" xlink:label="lab_ptv_CommitmentsAndContingenciesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommitmentsAndContingenciesTable" xlink:href="ptv-20240630.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_ifrs-full_RangeAxis_977faf43-d4dc-45a2-9dfb-e353761ddf15_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
    <link:label id="lab_ifrs-full_RangeAxis_label_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeAxis" xlink:to="lab_ifrs-full_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VedantaBiosciencesMember_97cf9d9a-5e96-441b-b3b6-bf9d8a980c39_terseLabel_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vedanta</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesMember_label_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences [Member]</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesMember_documentation_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaBiosciencesMember" xlink:href="ptv-20240630.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_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_1a5e4078-a042-45e6-8e59-56be938814e6_terseLabel_en-US" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of future royalties liability, non-current</link:label>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_64951648-ea97-40a9-9c05-aac61be7d772_periodStartLabel_en-US" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_e0b56dbf-b73d-4826-b48b-9320dc071879_periodEndLabel_en-US" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_label_en-US" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current Liabilities, Royalty Liabilities</link:label>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_documentation_en-US" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-current Liabilities, Royalty Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:href="ptv-20240630.xsd#ptv_NonCurrentLiabilitiesRoyaltyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:to="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_bc85133d-812c-4a07-9b21-3efdbb2f4163_terseLabel_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [axis]</link:label>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_label_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:to="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IssuanceOfPromissoryNoteFairValue_e25601d0-7080-4d78-a2e6-92a3770f37cf_terseLabel_en-US" xlink:label="lab_ptv_IssuanceOfPromissoryNoteFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance Of Promissory Note, Fair Value</link:label>
    <link:label id="lab_ptv_IssuanceOfPromissoryNoteFairValue_label_en-US" xlink:label="lab_ptv_IssuanceOfPromissoryNoteFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance Of Promissory Note, Fair Value</link:label>
    <link:label id="lab_ptv_IssuanceOfPromissoryNoteFairValue_documentation_en-US" xlink:label="lab_ptv_IssuanceOfPromissoryNoteFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issuance Of Promissory Note, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IssuanceOfPromissoryNoteFairValue" xlink:href="ptv-20240630.xsd#ptv_IssuanceOfPromissoryNoteFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IssuanceOfPromissoryNoteFairValue" xlink:to="lab_ptv_IssuanceOfPromissoryNoteFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingSegmentsMember_99f64372-e0ab-415e-a650-f14f74fe7bb4_terseLabel_en-US" xlink:label="lab_ifrs-full_OperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating segments</link:label>
    <link:label id="lab_ifrs-full_OperatingSegmentsMember_label_en-US" xlink:label="lab_ifrs-full_OperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating segments [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingSegmentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OperatingSegmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OperatingSegmentsMember" xlink:to="lab_ifrs-full_OperatingSegmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceBasedRSUMember_44369114-9b00-4d9c-9dac-944f23e31cb2_terseLabel_en-US" xlink:label="lab_ptv_PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance based RSU</link:label>
    <link:label id="lab_ptv_PerformanceBasedRSUMember_label_en-US" xlink:label="lab_ptv_PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance based RSU [Member]</link:label>
    <link:label id="lab_ptv_PerformanceBasedRSUMember_documentation_en-US" xlink:label="lab_ptv_PerformanceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance based RSU</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceBasedRSUMember" xlink:href="ptv-20240630.xsd#ptv_PerformanceBasedRSUMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceBasedRSUMember" xlink:to="lab_ptv_PerformanceBasedRSUMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StatementOfCashFlowsLineItems_ea100731-fb8e-4afa-a6b1-259856fcbbeb_terseLabel_en-US" xlink:label="lab_ptv_StatementOfCashFlowsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement Of Cash Flows [Line Items]</link:label>
    <link:label id="lab_ptv_StatementOfCashFlowsLineItems_label_en-US" xlink:label="lab_ptv_StatementOfCashFlowsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Of Cash Flows [Line Items]</link:label>
    <link:label id="lab_ptv_StatementOfCashFlowsLineItems_documentation_en-US" xlink:label="lab_ptv_StatementOfCashFlowsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Statement Of Cash Flows [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StatementOfCashFlowsLineItems" xlink:href="ptv-20240630.xsd#ptv_StatementOfCashFlowsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StatementOfCashFlowsLineItems" xlink:to="lab_ptv_StatementOfCashFlowsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_462d3dbc-7adb-480b-b98b-b7d61b17123d_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of RSUs held (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments outstanding in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable_66f5eb9a-c04a-4bbd-b6cb-75d3dd4f4fdb_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:to="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_cfee6610-bc85-42cc-b98b-b3c0003e20fe_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfChangesInEquityLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities_f7861e29-7e9d-4db4-a945-59961e6a41a9_negatedTerseLabel_en-US" xlink:label="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Investment in convertible notes and warrants from associates</link:label>
    <link:label id="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Of Convertible Notes And Warrants From Associates, Classified As Investing Activities</link:label>
    <link:label id="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities_documentation_en-US" xlink:label="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Of Convertible Notes And Warrants From Associates, Classified As Investing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:href="ptv-20240630.xsd#ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:to="lab_ptv_PurchaseOfConvertibleNotesAndWarrantsFromAssociatesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_2e3c4638-3c70-474e-a054-9e7c3c48dfce_terseLabel_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2</link:label>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 2 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfCashFlowsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:to="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltyPharmaMember_c1bfb083-96c6-4695-99fd-ea602d72afc4_terseLabel_en-US" xlink:label="lab_ptv_RoyaltyPharmaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Royalty Pharma</link:label>
    <link:label id="lab_ptv_RoyaltyPharmaMember_label_en-US" xlink:label="lab_ptv_RoyaltyPharmaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Pharma [Member]</link:label>
    <link:label id="lab_ptv_RoyaltyPharmaMember_documentation_en-US" xlink:label="lab_ptv_RoyaltyPharmaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalty Pharma</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltyPharmaMember" xlink:href="ptv-20240630.xsd#ptv_RoyaltyPharmaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltyPharmaMember" xlink:to="lab_ptv_RoyaltyPharmaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties_3704bdff-de61-43ed-a673-4a3e5edd5c39_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payables to related parties</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payables to related parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherPayablesToRelatedParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:to="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary_5ecb97c6-b88f-4ac9-8dc9-db610d5afd6c_negatedTerseLabel_en-US" xlink:label="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Expiration of share options in subsidiary</link:label>
    <link:label id="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary_label_en-US" xlink:label="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease In Non-controlling From Expiration Of Share Options In Subsidiary</link:label>
    <link:label id="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary_documentation_en-US" xlink:label="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Decrease In Non-controlling From Expiration Of Share Options In Subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:href="ptv-20240630.xsd#ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:to="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UnsecuredPromissoryNoteReceivableMember_6abee9e1-1812-430d-9840-58925147fc84_terseLabel_en-US" xlink:label="lab_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecured promissory note</link:label>
    <link:label id="lab_ptv_UnsecuredPromissoryNoteReceivableMember_label_en-US" xlink:label="lab_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Promissory Note Receivable [Member]</link:label>
    <link:label id="lab_ptv_UnsecuredPromissoryNoteReceivableMember_documentation_en-US" xlink:label="lab_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unsecured Promissory Note Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:href="ptv-20240630.xsd#ptv_UnsecuredPromissoryNoteReceivableMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:to="lab_ptv_UnsecuredPromissoryNoteReceivableMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_5c8b8dde-3e1b-40ce-9bb9-2412db68cab4_terseLabel_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 1</link:label>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 1 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Level1OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_6c4853d2-5656-4c2e-a6aa-bbdf1972a16c_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest received</link:label>
    <link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest received, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_e8f478bc-7868-49b4-8f23-d1c5f00ca0d1_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Exercise of stock options (in shares)</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in number of ordinary shares issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:to="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsDomain_832aaf9f-655d-4378-aeff-989153456544_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments</link:label>
    <link:label id="lab_ifrs-full_SegmentsDomain_label_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsDomain" xlink:to="lab_ifrs-full_SegmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SegmentInformationAbstract_label_en-US" xlink:label="lab_ptv_SegmentInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Information [Abstract]</link:label>
    <link:label id="lab_ptv_SegmentInformationAbstract_documentation_en-US" xlink:label="lab_ptv_SegmentInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Segment Information [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SegmentInformationAbstract" xlink:href="ptv-20240630.xsd#ptv_SegmentInformationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SegmentInformationAbstract" xlink:to="lab_ptv_SegmentInformationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssetsAbstract_27897339-6053-4532-8de4-9b9d5a30c7aa_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_ifrs-full_AssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LeaseLiabilities_b556226d-14f9-4caa-8eea-466c33145698_netLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Lease liabilities (including current potion)</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseLiabilities" xlink:to="lab_ifrs-full_LeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_2af053e4-9b73-49bd-b9ae-0755a0d59ebd_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available Funds</link:label>
    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of financial position [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfFinancialPositionAbstract"/>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems"/>
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    <link:label id="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock_6cf747c0-9656-4ef6-b35f-946007504f1c_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Subsidiary Preferred Shares, Minimum Liquidation Preference</link:label>
    <link:label id="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Minimum liquidation preference [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary of Minimum liquidation preference</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock"/>
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    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_2e6966dd-14d4-4910-aee5-fd1e9cda4f26_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComponentsOfEquityAxis"/>
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    <link:label id="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock_84738a77-d9a6-4eee-8135-902478d5732c_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Investments in Associates</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary Of Investments In Associates [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary Of Investments In Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_SummaryOfInvestmentsInAssociatesTableTextBlock"/>
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    <link:label id="lab_ptv_NumberOfSharesAcquiredFixedPrice_1ac03976-883f-482a-af8b-9937c4fda3ec_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredFixedPrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed price</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquiredFixedPrice_label_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredFixedPrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired, Fixed Price</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquiredFixedPrice_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesAcquiredFixedPrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired, Fixed Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesAcquiredFixedPrice" xlink:href="ptv-20240630.xsd#ptv_NumberOfSharesAcquiredFixedPrice"/>
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    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects_578bcbae-7b34-4446-8b57-49757bd06cc4_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) attributable to the owners of the Group, dilutive</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating diluted earnings per share</link:label>
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    <link:label id="lab_ifrs-full_ReceivablesDueFromAssociates_18a9aa4e-21a1-4214-a26f-71621cee185d_terseLabel_en-US" xlink:label="lab_ifrs-full_ReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables due from associates</link:label>
    <link:label id="lab_ifrs-full_ReceivablesDueFromAssociates_label_en-US" xlink:label="lab_ifrs-full_ReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables due from associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReceivablesDueFromAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReceivablesDueFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReceivablesDueFromAssociates" xlink:to="lab_ifrs-full_ReceivablesDueFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_ec2cec64-9ec8-4cab-91e6-05448e5f0a84_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liability</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilities" xlink:to="lab_ifrs-full_DeferredTaxLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccrualsClassifiedAsCurrent_2b1b5bb9-dc1f-435f-bafa-9c72f2cf489f_terseLabel_en-US" xlink:label="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued expenses</link:label>
    <link:label id="lab_ifrs-full_AccrualsClassifiedAsCurrent_label_en-US" xlink:label="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accruals classified as current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccrualsClassifiedAsCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AccrualsClassifiedAsCurrent"/>
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    <link:label id="lab_dei_EntityDomain_347170df-a796-44bd-9021-cf6e4883c272_terseLabel_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:label id="lab_dei_EntityDomain_label_en-US" xlink:label="lab_dei_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityDomain" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain" xlink:to="lab_dei_EntityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RentalIncome_5d2275dc-8c3b-42af-b565-a5f3494c04ad_terseLabel_en-US" xlink:label="lab_ifrs-full_RentalIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rental income</link:label>
    <link:label id="lab_ifrs-full_RentalIncome_label_en-US" xlink:label="lab_ifrs-full_RentalIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rental income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RentalIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RentalIncome"/>
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    <link:label id="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid_42da4a26-f87f-4c45-bf87-9eee972de0dd_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issued and fully paid (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares issued and fully paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfSharesIssuedAndFullyPaid"/>
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    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_aa2c19cc-be52-4d2a-97fa-b0a70c8eda61_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other receivables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_2a253795-c6c4-465c-ab9c-dad9176adc77_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Trade and other receivables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other current receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherCurrentReceivables"/>
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    <link:label id="lab_ptv_ShareBasedPaymentLineItems_49ca3940-cf35-4089-b57a-7fb08b8fad0d_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payment [Line Items]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentLineItems_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment [Line Items]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentLineItems_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentLineItems" xlink:href="ptv-20240630.xsd#ptv_ShareBasedPaymentLineItems"/>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_6c8c32d1-aa09-4542-b043-2151ceb2bc2d_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of share options granted in share-based payment arrangement (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement"/>
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    <link:label id="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss_b7388e3a-e400-4c66-9626-877afd7dce5a_terseLabel_en-US" xlink:label="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance as of June 30, 2024 before allocation of equity method loss to long-term interest ("LTI")</link:label>
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    <link:label id="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss_documentation_en-US" xlink:label="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-current Financial Assets At Fair Value Through Profit Or Loss, Before Allocation Of Equity Method Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:href="ptv-20240630.xsd#ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:to="lab_ptv_NonCurrentFinancialAssetsAtFairValueThroughProfitOrLossBeforeAllocationOfEquityMethodLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfShares_021d5c77-c9bd-49e8-b5d9-f4e9af90b974_negatedTerseLabel_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase and cancellation of ordinary shares from Tender Offer (in shares)</link:label>
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    <link:label id="lab_ptv_RepurchaseAndCancellationOfShares_documentation_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repurchase And Cancellation Of Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RepurchaseAndCancellationOfShares" xlink:href="ptv-20240630.xsd#ptv_RepurchaseAndCancellationOfShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RepurchaseAndCancellationOfShares" xlink:to="lab_ptv_RepurchaseAndCancellationOfShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_5128bf05-8699-4940-8022-0026c3939137_terseLabel_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on change in fair value of equity investments</link:label>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_064fb5a8-a9ef-40a3-840e-624fc6704440_negatedTerseLabel_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">loss on change in fair value</link:label>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_label_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (Losses) On Change In Fair Value Of Equity Investments</link:label>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_documentation_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gains (Losses) On Change In Fair Value Of Equity Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:href="ptv-20240630.xsd#ptv_GainsLossesOnChangeInFairValueOfEquityInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:to="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_02f7d6ff-c96c-43c2-83e0-8099fdffd725_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in operating activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_562c8aeb-d197-42b7-9ade-6afebb392a56_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity-settled share-based awards expense</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through share-based payment transactions, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UnobservableInputsAxis_c2ac6624-9e94-4e6e-b79f-3205d7cef93e_terseLabel_en-US" xlink:label="lab_ifrs-full_UnobservableInputsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unobservable inputs [axis]</link:label>
    <link:label id="lab_ifrs-full_UnobservableInputsAxis_label_en-US" xlink:label="lab_ifrs-full_UnobservableInputsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unobservable inputs [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnobservableInputsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_UnobservableInputsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsAxis" xlink:to="lab_ifrs-full_UnobservableInputsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfSharesAcquired_a27a40db-1c1f-4ad8-bf23-27e7f19ae6e3_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares acquired</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquired_label_en-US" xlink:label="lab_ptv_NumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired</link:label>
    <link:label id="lab_ptv_NumberOfSharesAcquired_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesAcquired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares, Acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesAcquired" xlink:href="ptv-20240630.xsd#ptv_NumberOfSharesAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesAcquired" xlink:to="lab_ptv_NumberOfSharesAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_fd23bb71-f826-435e-a755-5e6ea79a9d5f_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile income/(loss) for the period to net cash used in operating activities:</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile profit (loss) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_0ff7812a-5733-491d-890b-85f54e09e446_terseLabel_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_label_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_7e83ffd0-95bc-4146-85b1-eb438a9d3178_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in associates accounted for using equity method</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in associates accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AllSubsidiariesMember_0a971c69-db76-466f-baf5-6ea98c5d0f47_terseLabel_en-US" xlink:label="lab_ptv_AllSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All Subsidiaries</link:label>
    <link:label id="lab_ptv_AllSubsidiariesMember_label_en-US" xlink:label="lab_ptv_AllSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All Subsidiaries [Member]</link:label>
    <link:label id="lab_ptv_AllSubsidiariesMember_documentation_en-US" xlink:label="lab_ptv_AllSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">All Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AllSubsidiariesMember" xlink:href="ptv-20240630.xsd#ptv_AllSubsidiariesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AllSubsidiariesMember" xlink:to="lab_ptv_AllSubsidiariesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_cbcc5dea-a77e-49bb-a485-99d29387d547_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected volatility</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected volatility, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.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_ptv_ScheduleOfEarningsPerShareTableTextBlock_0a002256-a4cb-4087-9bef-71f329dc56f1_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Earnings/(Loss) per Share</link:label>
    <link:label id="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Earnings per Share [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Earnings per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_ScheduleOfEarningsPerShareTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:to="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory_e2645d2d-918a-497c-b411-b0c7c2ff4363_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Controlling Interest</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non-controlling interests [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased_add5854f-455c-40c0-a157-f34b06220205_terseLabel_en-US" xlink:label="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value of shares authorized to be repurchased</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased_label_en-US" xlink:label="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Shares Authorized to be Repurchased</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased_documentation_en-US" xlink:label="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Shares Authorized to be Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:href="ptv-20240630.xsd#ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:to="lab_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentInNotesFromAssociatesAbstract_3887fa1c-1552-4b59-a3c9-bb1eea4f78ab_terseLabel_en-US" xlink:label="lab_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Notes from Associates [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentInNotesFromAssociatesAbstract_label_en-US" xlink:label="lab_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment in Notes from Associates [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentInNotesFromAssociatesAbstract_documentation_en-US" xlink:label="lab_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in Notes from Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:href="ptv-20240630.xsd#ptv_InvestmentInNotesFromAssociatesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:to="lab_ptv_InvestmentInNotesFromAssociatesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentsForFinanceCostsIncome_839ebdd2-36c1-4201-b974-6fe161b41c63_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForFinanceCostsIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance (income)/costs, net</link:label>
    <link:label id="lab_ptv_AdjustmentsForFinanceCostsIncome_label_en-US" xlink:label="lab_ptv_AdjustmentsForFinanceCostsIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Finance Costs (Income)</link:label>
    <link:label id="lab_ptv_AdjustmentsForFinanceCostsIncome_documentation_en-US" xlink:label="lab_ptv_AdjustmentsForFinanceCostsIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Finance Costs (Income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsForFinanceCostsIncome" xlink:href="ptv-20240630.xsd#ptv_AdjustmentsForFinanceCostsIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentsForFinanceCostsIncome" xlink:to="lab_ptv_AdjustmentsForFinanceCostsIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DrRajuKucherlapatiMember_8be3dcfe-021c-491c-8a57-edc35e60f0b5_terseLabel_en-US" xlink:label="lab_ptv_DrRajuKucherlapatiMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dr Raju Kucherlapati</link:label>
    <link:label id="lab_ptv_DrRajuKucherlapatiMember_label_en-US" xlink:label="lab_ptv_DrRajuKucherlapatiMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dr Raju Kucherlapati [Member]</link:label>
    <link:label id="lab_ptv_DrRajuKucherlapatiMember_documentation_en-US" xlink:label="lab_ptv_DrRajuKucherlapatiMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dr Raju Kucherlapati</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrRajuKucherlapatiMember" xlink:href="ptv-20240630.xsd#ptv_DrRajuKucherlapatiMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrRajuKucherlapatiMember" xlink:to="lab_ptv_DrRajuKucherlapatiMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold_ae5f92d9-4b0d-43f1-ba41-944e87b5dfd7_terseLabel_en-US" xlink:label="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of royalties received above annual threshold</link:label>
    <link:label id="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold_label_en-US" xlink:label="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Agreement, Percentage Of Royalties Received Above Annual Threshold</link:label>
    <link:label id="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold_documentation_en-US" xlink:label="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability, Percentage Of Royalties Received Above Annual Threshold</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:href="ptv-20240630.xsd#ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:to="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsInAssociatesReduction_7377fb87-dba2-45bf-a937-111741b6161b_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesReduction" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reduced amount</link:label>
    <link:label id="lab_ptv_InvestmentsInAssociatesReduction_label_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesReduction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments In Associates, Reduction</link:label>
    <link:label id="lab_ptv_InvestmentsInAssociatesReduction_documentation_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesReduction" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments In Associates, Reduction</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsInAssociatesReduction" xlink:href="ptv-20240630.xsd#ptv_InvestmentsInAssociatesReduction"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsInAssociatesReduction" xlink:to="lab_ptv_InvestmentsInAssociatesReduction" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RightofuseAssets_1675fe20-1e7b-4ca2-8af0-86311a83d674_terseLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Right of use asset, net</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_2394bf98-2716-4371-b888-c45a3399c83f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Right of use asset, net</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RightofuseAssets" xlink:to="lab_ifrs-full_RightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Liabilities_a91334c8-2ec2-4d1a-b577-258286d461ff_totalLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_2151cea2-5b53-4f23-85b6-4ccb32589fcc_terseLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_label_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Liabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities" xlink:to="lab_ifrs-full_Liabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_2607c64f-049d-42f2-9352-50857eee6419_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_49f7f78a-827c-4167-83cb-5ce0e43a55b9_verboseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">New Standards and Interpretations</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of expected impact of initial application of new standards or interpretations [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:to="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_8f1d889b-cae5-4ad4-9d95-92fb4b320a69_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance number of shares outstanding (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_7b15a28e-334e-4ced-8c16-9d632bdfab0b_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance number of shares outstanding (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_9dc87199-db87-4f32-a503-394ba9c86665_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issued (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfSharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesIssued" xlink:to="lab_ifrs-full_NumberOfSharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_801476f7-f3b7-4807-83f4-61ed6990e3d5_terseLabel_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on investments in notes from associates</link:label>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_label_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Investment In Notes Receivable From Associates</link:label>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_documentation_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Investment In Notes Receivable From Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:href="ptv-20240630.xsd#ptv_GainLossOnInvestmentInNotesReceivableFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:to="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards_704e7671-5efd-4130-b2ce-9b7aa26b7bde_terseLabel_en-US" xlink:label="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for share-based awards</link:label>
    <link:label id="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards_label_en-US" xlink:label="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other payables, liability settled share based awards</link:label>
    <link:label id="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards_documentation_en-US" xlink:label="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other payables, liability settled share based awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:href="ptv-20240630.xsd#ptv_OtherPayablesLiabilitySettledShareBasedAwards"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:to="lab_ptv_OtherPayablesLiabilitySettledShareBasedAwards" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_d5a3cb64-c32a-4efc-bd9b-641a1b981deb_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other inflows (outflows) of cash, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash_4c69f013-e487-41b6-805e-b2227f3bde49_terseLabel_en-US" xlink:label="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of ordinary shares not yet paid in cash</link:label>
    <link:label id="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash_label_en-US" xlink:label="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase of ordinary shares not yet paid in cash</link:label>
    <link:label id="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash_documentation_en-US" xlink:label="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repurchase of ordinary shares not yet paid in cash</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:href="ptv-20240630.xsd#ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:to="lab_ptv_RepurchaseOfOrdinarySharesNotYetPaidInCash" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities_e78aa70d-660a-4a03-a656-2bba661d904f_terseLabel_en-US" xlink:label="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of future royalties liability, current</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities_ce1d859a-3757-4795-8546-dae7e6d11181_negatedLabel_en-US" xlink:label="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less sale of future royalties liability, current</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities_label_en-US" xlink:label="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Liabilities, Royalty Liabilities</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities_documentation_en-US" xlink:label="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Liabilities, Royalty Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:href="ptv-20240630.xsd#ptv_CurrentLiabilitiesRoyaltyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:to="lab_ptv_CurrentLiabilitiesRoyaltyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_f3a0d09b-dc2d-4325-b6cc-a24312acf6fd_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets_f7237a65-3f7d-4f28-9cbd-44255ef90b78_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible increase in unobservable input, assets</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible increase in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount_fe44b63c-069d-4e97-8c22-50aafb19fbe6_terseLabel_en-US" xlink:label="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settlement of liability (in shares)</link:label>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount_label_en-US" xlink:label="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities From Share-Based Payment Transactions, Share Amount</link:label>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount_documentation_en-US" xlink:label="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities From Share-Based Payment Transactions, Share Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount" xlink:href="ptv-20240630.xsd#ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount" xlink:to="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsShareAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfOptionsHeld_b0865501-a6d4-4aeb-86e5-59ee69ad03c8_terseLabel_en-US" xlink:label="lab_ptv_NumberOfOptionsHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of options held (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfOptionsHeld_label_en-US" xlink:label="lab_ptv_NumberOfOptionsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Options held</link:label>
    <link:label id="lab_ptv_NumberOfOptionsHeld_documentation_en-US" xlink:label="lab_ptv_NumberOfOptionsHeld" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Options held</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfOptionsHeld" xlink:href="ptv-20240630.xsd#ptv_NumberOfOptionsHeld"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfOptionsHeld" xlink:to="lab_ptv_NumberOfOptionsHeld" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesAbstract_c66816b4-a517-4670-97d7-0356090c273d_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesAbstract_label_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesAbstract_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesAbstract" xlink:href="ptv-20240630.xsd#ptv_SubsidiaryPreferredSharesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPreferredSharesAbstract" xlink:to="lab_ptv_SubsidiaryPreferredSharesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentsTableLineItems_2e5b81bc-5314-4763-850f-6afdfc34d201_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Line Items]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsTableLineItems_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Line Items]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsTableLineItems_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payments Table</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsTableLineItems" xlink:href="ptv-20240630.xsd#ptv_ShareBasedPaymentsTableLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsTableLineItems" xlink:to="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MaximumMember_916c890a-3f1e-426a-a56c-ad274cde1686_terseLabel_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" 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" xml:lang="en-US">Maximum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_MaximumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_MaximumMember" xlink:to="lab_srt_MaximumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock_e8ae62f5-017c-4341-88f2-67857eefafb1_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in the Value of Subsidiary Preferred Shares</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock_label_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Table Text Block]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:to="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Cash_13cdd48e-a583-40cf-9c44-9db150e3b7c9_terseLabel_en-US" xlink:label="lab_ifrs-full_Cash" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash in deconsolidated subsidiary</link:label>
    <link:label id="lab_ifrs-full_Cash_label_en-US" xlink:label="lab_ifrs-full_Cash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Cash" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Cash"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Cash" xlink:to="lab_ifrs-full_Cash" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_e9d4a3f0-eaab-4420-9123-38bdb9a37b25_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentConsolidationItemsAxis_91dcc65f-3b38-40be-9f08-cacf82084563_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment consolidation items [axis]</link:label>
    <link:label id="lab_ifrs-full_SegmentConsolidationItemsAxis_label_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment consolidation items [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentConsolidationItemsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentConsolidationItemsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentConsolidationItemsAxis" xlink:to="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RelatedPartiesMember_8483daba-557c-43b6-86e7-44d2505e1e74_terseLabel_en-US" xlink:label="lab_ifrs-full_RelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related parties</link:label>
    <link:label id="lab_ifrs-full_RelatedPartiesMember_label_en-US" xlink:label="lab_ifrs-full_RelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total for all related parties [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RelatedPartiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RelatedPartiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RelatedPartiesMember" xlink:to="lab_ifrs-full_RelatedPartiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember_da5aa654-1bb5-415b-a712-656544fe3e4e_terseLabel_en-US" xlink:label="lab_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Volatility</link:label>
    <link:label id="lab_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember_label_en-US" xlink:label="lab_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Historical volatility for shares, measurement input [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember" xlink:to="lab_ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesMember_12d2b4fc-4212-4611-b36e-b4a9500cdf43_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary preferred shares</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesMember_label_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Member]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesMember_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesMember" xlink:href="ptv-20240630.xsd#ptv_SubsidiaryPreferredSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPreferredSharesMember" xlink:to="lab_ptv_SubsidiaryPreferredSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BottomOfRangeMember_74f31f6d-71a5-4180-9874-37cb177d0618_terseLabel_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bottom of range</link:label>
    <link:label id="lab_ifrs-full_BottomOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bottom of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BottomOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BottomOfRangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember" xlink:to="lab_ifrs-full_BottomOfRangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock_4f28cf6d-0335-49f6-8397-04750796381a_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Investments Held at Fair Value</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary Of Investments Held At Fair Value [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary Of Investments Held At Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:to="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssociatesMember_97c25b83-5c6c-400a-8897-6dc623dc0a25_terseLabel_en-US" xlink:label="lab_ifrs-full_AssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Associates</link:label>
    <link:label id="lab_ifrs-full_AssociatesMember_label_en-US" xlink:label="lab_ifrs-full_AssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total for all associates [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssociatesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AssociatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssociatesMember" xlink:to="lab_ifrs-full_AssociatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyDomain_1a4e79c8-8d79-4d84-ab63-35f14bb98375_terseLabel_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Domain]</link:label>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyDomain_label_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Domain]</link:label>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyDomain_documentation_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessOrSourcingCompanyDomain" xlink:href="ptv-20240630.xsd#ptv_BusinessOrSourcingCompanyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BusinessOrSourcingCompanyDomain" xlink:to="lab_ptv_BusinessOrSourcingCompanyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_becc142f-f9e1-40a4-8d8d-cb7d277906c0_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncomeTaxExpense_ed1fe69a-9817-461e-8719-71c74a557a44_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes, 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" xml:lang="en-US">Adjustments for income tax expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:to="lab_ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertiblePromissoryNoteMember_26175776-a8fc-4089-93cd-5ab4b9fd1f88_terseLabel_en-US" xlink:label="lab_ptv_ConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Promissory Note</link:label>
    <link:label id="lab_ptv_ConvertiblePromissoryNoteMember_label_en-US" xlink:label="lab_ptv_ConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Promissory Note [Member]</link:label>
    <link:label id="lab_ptv_ConvertiblePromissoryNoteMember_documentation_en-US" xlink:label="lab_ptv_ConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Promissory Note</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertiblePromissoryNoteMember" xlink:href="ptv-20240630.xsd#ptv_ConvertiblePromissoryNoteMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertiblePromissoryNoteMember" xlink:to="lab_ptv_ConvertiblePromissoryNoteMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeAxis_232c5e10-1ff1-41f9-aaf6-291b2b987419_terseLabel_en-US" xlink:label="lab_srt_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" 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" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.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_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_22290aa9-dc66-489d-90f3-9081706a2284_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Information</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of entity's operating segments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ControlledFoundedEntitiesMember_01901341-86f5-474c-aec2-06869bf92b0b_terseLabel_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Controlled founded entities</link:label>
    <link:label id="lab_ptv_ControlledFoundedEntitiesMember_61bb1d9c-8703-44ce-bff5-bf5d259299c0_verboseLabel_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Controlled Founded Entities</link:label>
    <link:label id="lab_ptv_ControlledFoundedEntitiesMember_label_en-US" xlink:label="lab_ptv_ControlledFoundedEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" 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" xml:lang="en-US">Controlled Founded Entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ControlledFoundedEntitiesMember" xlink:href="ptv-20240630.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_ifrs-full_FinanceIncome_c12ccee8-1f61-4297-bc03-1ed9e27e74d5_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:label id="lab_ifrs-full_FinanceIncome_a0ff46b4-33a8-4f81-9b82-9a39837cbd09_totalLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total finance income</link:label>
    <link:label id="lab_ifrs-full_FinanceIncome_label_en-US" xlink:label="lab_ifrs-full_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinanceIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncome" xlink:to="lab_ifrs-full_FinanceIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable_3073396a-eb4c-46a0-9b9f-a69003907cac_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Table]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable_label_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Table]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable_documentation_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTable" xlink:href="ptv-20240630.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_MaterialAccountingPoliciesPolicyTextBlock_53db79dd-2237-4e43-aad4-7242c5c2862e_terseLabel_en-US" xlink:label="lab_ptv_MaterialAccountingPoliciesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Material Accounting policies</link:label>
    <link:label id="lab_ptv_MaterialAccountingPoliciesPolicyTextBlock_label_en-US" xlink:label="lab_ptv_MaterialAccountingPoliciesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Material Accounting Policies [Policy Text Block]</link:label>
    <link:label id="lab_ptv_MaterialAccountingPoliciesPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_MaterialAccountingPoliciesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Material Accounting Policies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MaterialAccountingPoliciesPolicyTextBlock" xlink:href="ptv-20240630.xsd#ptv_MaterialAccountingPoliciesPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MaterialAccountingPoliciesPolicyTextBlock" xlink:to="lab_ptv_MaterialAccountingPoliciesPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherNoncurrentAssets_d244fa89-9a00-46a3-a70b-0cc3eee340c4_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other non-current assets</link:label>
    <link:label id="lab_ifrs-full_OtherNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherNoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNoncurrentAssets" xlink:to="lab_ifrs-full_OtherNoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain_55a272db-dc7c-4547-8a29-38f9d2410f99_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial instruments, class</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentReceivablesDueFromAssociates_4b8b1243-dd36-4714-8293-7febf96389e4_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term note from associate</link:label>
    <link:label id="lab_ifrs-full_CurrentReceivablesDueFromAssociates_label_en-US" xlink:label="lab_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current receivables due from associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentReceivablesDueFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:to="lab_ifrs-full_CurrentReceivablesDueFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_da7c89ba-a616-4f21-85f7-4d4346e84213_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) attributable to:</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:to="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BusinessCombinationsAxis_f513ab74-d635-4a16-84cc-4023de9c6e79_terseLabel_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combinations [axis]</link:label>
    <link:label id="lab_ifrs-full_BusinessCombinationsAxis_label_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business combinations [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BusinessCombinationsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BusinessCombinationsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BusinessCombinationsAxis" xlink:to="lab_ifrs-full_BusinessCombinationsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_af1dde0a-075d-4a80-ba70-ece0d48b27ef_terseLabel_en-US" xlink:label="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment, Name [Axis]</link:label>
    <link:label id="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_label_en-US" xlink:label="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Name [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InterestIncomeFromFinancialAssets_c7e183cf-d83b-4c01-a05a-b3cf59d8bb8d_terseLabel_en-US" xlink:label="lab_ptv_InterestIncomeFromFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income from financial assets</link:label>
    <link:label id="lab_ptv_InterestIncomeFromFinancialAssets_label_en-US" xlink:label="lab_ptv_InterestIncomeFromFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income From Financial Assets</link:label>
    <link:label id="lab_ptv_InterestIncomeFromFinancialAssets_documentation_en-US" xlink:label="lab_ptv_InterestIncomeFromFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Income From Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InterestIncomeFromFinancialAssets" xlink:href="ptv-20240630.xsd#ptv_InterestIncomeFromFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InterestIncomeFromFinancialAssets" xlink:to="lab_ptv_InterestIncomeFromFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AcquisitionOfNetAsset_2f41dfe3-40b6-419e-81d4-b90455923bbe_terseLabel_en-US" xlink:label="lab_ptv_AcquisitionOfNetAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of net asset</link:label>
    <link:label id="lab_ptv_AcquisitionOfNetAsset_label_en-US" xlink:label="lab_ptv_AcquisitionOfNetAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition Of Net Asset</link:label>
    <link:label id="lab_ptv_AcquisitionOfNetAsset_documentation_en-US" xlink:label="lab_ptv_AcquisitionOfNetAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Acquisition Of Net Asset</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AcquisitionOfNetAsset" xlink:href="ptv-20240630.xsd#ptv_AcquisitionOfNetAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AcquisitionOfNetAsset" xlink:to="lab_ptv_AcquisitionOfNetAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_8d102a13-8eee-4b98-807a-88ceb8d7c018_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Key Management Personnel Compensation</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of amounts incurred by entity for provision of key management personnel services provided by separate management entities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_a29481c2-7c97-42a5-bae3-cbd2e86668a6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Fair Value Measurement and Classification</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock_2c662fcc-67b5-4c66-94aa-f8e20bb9d8dc_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Preferred Shares [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:href="ptv-20240630.xsd#ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:to="lab_ptv_DisclosureOfSubsidiaryPreferredSharesTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsAbstract_520287da-3e55-4117-b754-ec573826eba7_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Abstract]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsAbstract_label_en-US" xlink:label="lab_ptv_NonControllingInterestsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Abstract]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsAbstract_documentation_en-US" xlink:label="lab_ptv_NonControllingInterestsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsAbstract" xlink:href="ptv-20240630.xsd#ptv_NonControllingInterestsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonControllingInterestsAbstract" xlink:to="lab_ptv_NonControllingInterestsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RepurchaseAgreementCounterpartyNameDomain_ef971ae9-9b85-4aaa-bec0-b9b89677d4ce_terseLabel_en-US" xlink:label="lab_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:label id="lab_srt_RepurchaseAgreementCounterpartyNameDomain_label_en-US" xlink:label="lab_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd#srt_RepurchaseAgreementCounterpartyNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:to="lab_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_1c4bfd9f-fc01-43ad-b63e-7f9c47a0cd00_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Termination Benefits</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, termination benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_346a8ae2-7dd9-490c-8b98-d0edca74a275_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Post-employment benefits</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, post-employment benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_bd6648f4-e492-4205-818d-bd2115bf79b1_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment of fixed assets</link:label>
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    <link:label id="lab_ptv_ProceedsFromSaleOfFutureRoyalties_f669d89b-cd69-4231-874e-58bc91997e2b_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receipt of cash from sale of future royalties</link:label>
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    <link:label id="lab_ptv_ProceedsFromSaleOfFutureRoyalties_documentation_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Future Royalties</link:label>
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    <link:label id="lab_ptv_SeriesA2PreferredSharesMember_0ceb4557-6c7b-4ec3-a407-6f6ba5b84206_terseLabel_en-US" xlink:label="lab_ptv_SeriesA2PreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A-2 Preferred Shares</link:label>
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    <link:label id="lab_ptv_DrRobertLangerMember_79bbc2e0-c09b-4b2e-8b3e-9c13fa659fde_terseLabel_en-US" xlink:label="lab_ptv_DrRobertLangerMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dr Robert Langer</link:label>
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    <link:label id="lab_ptv_DrRobertLangerMember_documentation_en-US" xlink:label="lab_ptv_DrRobertLangerMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dr Robert Langer</link:label>
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    <link:label id="lab_ptv_BusinessCombinationSharePrice_df79889b-68ea-426b-b56c-afa19a721bae_terseLabel_en-US" xlink:label="lab_ptv_BusinessCombinationSharePrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combination, share price paid (in dollars per share)</link:label>
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    <link:label id="lab_ptv_BusinessCombinationSharePrice_documentation_en-US" xlink:label="lab_ptv_BusinessCombinationSharePrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Combination, Share Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessCombinationSharePrice" xlink:href="ptv-20240630.xsd#ptv_BusinessCombinationSharePrice"/>
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    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable_b7fee034-63ed-4cee-908c-e30d7d182396_terseLabel_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Table]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable_label_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Table]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable_documentation_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:href="ptv-20240630.xsd#ptv_SaleOfFutureRoyaltiesLiabilityTable"/>
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    <link:label id="lab_ptv_SubsidiaryPreferredSharesTable_6988f3bc-4818-40aa-aa4d-95bb5e3ca60e_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Table]</link:label>
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    <link:label id="lab_ptv_SubsidiaryPreferredSharesTable_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesTable" xlink:href="ptv-20240630.xsd#ptv_SubsidiaryPreferredSharesTable"/>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_879d5e3e-6d61-40a8-aacd-c875439950f7_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets</link:label>
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    <link:label id="lab_ptv_NumberOfEntitiesEstablished_53d706ee-58ab-4605-a8d9-0c594447290c_terseLabel_en-US" xlink:label="lab_ptv_NumberOfEntitiesEstablished" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of entities established</link:label>
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    <link:label id="lab_ifrs-full_RetainedEarnings_8d9b8979-e2e7-4962-9eb9-3722683839ca_verboseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">(Accumulated deficit)/Retained earnings</link:label>
    <link:label id="lab_ifrs-full_RetainedEarnings_label_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
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    <link:label id="lab_ptv_ShareBasedPaymentExpenseTableTextBlock_c80fb117-4056-44ea-82d5-2234e6649f14_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Share-Based Payment Expense as Reflected in the Consolidated Statement of Income/(Loss)</link:label>
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    <link:label id="lab_ptv_JefferiesInternationalLimitedMember_5a800386-7cca-4fa3-a98b-28d5d97d6614_terseLabel_en-US" xlink:label="lab_ptv_JefferiesInternationalLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jefferies International Limited</link:label>
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    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable_def915f7-bb69-4a89-9395-3dd8f75cd918_terseLabel_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Table]</link:label>
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    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_16ab9492-79e4-46f5-9017-715351264656_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gain on deconsolidation of subsidiary</link:label>
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    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_13101f9b-cc41-43ee-a52a-3cd31da551e9_netLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Intangible assets, net</link:label>
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    <link:label id="lab_ifrs-full_CarryingAmountMember_e0be8291-c5cf-4d52-86d9-5b58d03c1b53_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying Amount</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount [member]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_9fb8d523-931a-4550-ba8d-c81eb07b165c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [line items]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:to="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_5c79830a-2aa4-443b-87c3-1bf63a492ecc_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NetAssetsLiabilities_955eb423-dbc8-4ab1-910e-bd4b62fd5e3b_terseLabel_en-US" xlink:label="lab_ifrs-full_NetAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated cash, cash equivalents and short-term investments</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" xml:lang="en-US">Assets (liabilities)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetAssetsLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NetAssetsLiabilities"/>
    <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_SeaportTherapeuticsMember_b0f6983e-69f2-4b00-b709-781d2553f576_terseLabel_en-US" xlink:label="lab_ptv_SeaportTherapeuticsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Seaport Therapeutics</link:label>
    <link:label id="lab_ptv_SeaportTherapeuticsMember_label_en-US" xlink:label="lab_ptv_SeaportTherapeuticsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seaport Therapeutics [Member]</link:label>
    <link:label id="lab_ptv_SeaportTherapeuticsMember_documentation_en-US" xlink:label="lab_ptv_SeaportTherapeuticsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Seaport Therapeutics</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeaportTherapeuticsMember" xlink:href="ptv-20240630.xsd#ptv_SeaportTherapeuticsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeaportTherapeuticsMember" xlink:to="lab_ptv_SeaportTherapeuticsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_f4f8b4d0-0f27-4e21-a6fb-a67bfc53e1e6_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfShareCapitalAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:to="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsOnDisposalsOfInvestments_ede9c600-bed2-41bb-907f-ac0c5d10acf5_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain realised on sale of investments</link:label>
    <link:label id="lab_ifrs-full_GainsOnDisposalsOfInvestments_label_en-US" xlink:label="lab_ifrs-full_GainsOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains on disposals of investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsOnDisposalsOfInvestments" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsOnDisposalsOfInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsOnDisposalsOfInvestments" xlink:to="lab_ifrs-full_GainsOnDisposalsOfInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_A2024EquityIncentivePlanMember_7fc8197f-018c-4c77-a53c-99d9476cbe73_terseLabel_en-US" xlink:label="lab_ptv_A2024EquityIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2024 Equity Incentive Plan</link:label>
    <link:label id="lab_ptv_A2024EquityIncentivePlanMember_label_en-US" xlink:label="lab_ptv_A2024EquityIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">2024 Equity Incentive Plan [Member]</link:label>
    <link:label id="lab_ptv_A2024EquityIncentivePlanMember_documentation_en-US" xlink:label="lab_ptv_A2024EquityIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">2024 Equity Incentive Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_A2024EquityIncentivePlanMember" xlink:href="ptv-20240630.xsd#ptv_A2024EquityIncentivePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_A2024EquityIncentivePlanMember" xlink:to="lab_ptv_A2024EquityIncentivePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EntregaMember_23230b70-58fc-465d-9782-f126f59665f8_terseLabel_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entrega</link:label>
    <link:label id="lab_ptv_EntregaMember_label_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entrega [Member]</link:label>
    <link:label id="lab_ptv_EntregaMember_documentation_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Entrega</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EntregaMember" xlink:href="ptv-20240630.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_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased_7cbb9a3e-b33f-46d9-80ec-c2c25114a688_terseLabel_en-US" xlink:label="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregated number of shares repurchased under share repurchase program (in shares)</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased_label_en-US" xlink:label="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Aggregated Number Of Shares Repurchased</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased_documentation_en-US" xlink:label="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Aggregated Number Of Shares Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:href="ptv-20240630.xsd#ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:to="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilitiesAbstract_a13a03b1-f1ed-4d44-98e8-8ee97ef66b80_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock_443a6a94-97e2-432c-ab2c-b4aa99db9a30_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in Assets, Level 3 Fair Value, Investments Held at Fair Value</link:label>
    <link:label id="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of changes in assets, level 3 fair value - investments held at fair value [Table Text Block]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:to="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_3642020e-128b-42e3-a2b0-223297b512bf_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_84610cb7-5a0f-477a-afc5-7ec8ccdb6723_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilitiesAbstract" xlink:to="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapital_9e9adf58-7f73-468a-948c-b0031ef60063_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share capital</link:label>
    <link:label id="lab_ifrs-full_IssuedCapital_label_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IssuedCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapital" xlink:to="lab_ifrs-full_IssuedCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_980c8c47-5bed-4918-aa59-0f3443b19fae_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in associates &#8211; equity method</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_label_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in associates reported in separate financial statements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InvestmentsInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InvestmentsInAssociates" xlink:to="lab_ifrs-full_InvestmentsInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain_7df35f8d-2dd5-4370-9433-d3a170b20b93_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payment arrangements</link:label>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain_label_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:to="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInstrumentsAbstract_c0b56c21-4456-40c6-accc-c41fa5a94373_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments [Abstract]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsAbstract_label_en-US" xlink:label="lab_ptv_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments [Abstract]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsAbstract_documentation_en-US" xlink:label="lab_ptv_FinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Instruments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsAbstract" xlink:href="ptv-20240630.xsd#ptv_FinancialInstrumentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInstrumentsAbstract" xlink:to="lab_ptv_FinancialInstrumentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_7b164755-5d95-46fa-b362-a3eb5d9c5fff_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive income/(loss) attributable to:</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract_2c74d980-e958-4a4c-a5b9-2c9bc46b3f24_terseLabel_en-US" xlink:label="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities:</link:label>
    <link:label id="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities [Abstract]</link:label>
    <link:label id="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract_documentation_en-US" xlink:label="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:href="ptv-20240630.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_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor_b19124a7-246a-43b6-acec-96c0ed1e788f_terseLabel_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of days after debt incurred from a certain investor</link:label>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor_label_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Payment Term, Number Of Days After Debt Incurred From A Certain Investor</link:label>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor_documentation_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Payment Term, Number Of Days After Debt Incurred From A Certain Investor</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:href="ptv-20240630.xsd#ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:to="lab_ptv_DebtInstrumentPaymentTermNumberOfDaysAfterDebtIncurredFromACertainInvestor" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain_51668cbd-5379-440b-83d6-7672819526be_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity's total for subsidiaries</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:to="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_09970e2d-cd37-41dd-9444-3d6766a1cb34_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total parent equity</link:label>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_51aea105-9a24-4fa4-9db6-e4e8cc50047d_verboseLabel_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average ordinary shares for diluted EPS (in shares)</link:label>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares used in calculating diluted earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustedWeightedAverageShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:to="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NoteReceivableMember_7c58c061-14e6-488e-8e9b-2790bcdea959_terseLabel_en-US" xlink:label="lab_ptv_NoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Note receivable</link:label>
    <link:label id="lab_ptv_NoteReceivableMember_label_en-US" xlink:label="lab_ptv_NoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note Receivable [Member]</link:label>
    <link:label id="lab_ptv_NoteReceivableMember_documentation_en-US" xlink:label="lab_ptv_NoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Note Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NoteReceivableMember" xlink:href="ptv-20240630.xsd#ptv_NoteReceivableMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NoteReceivableMember" xlink:to="lab_ptv_NoteReceivableMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ClassBCommonMember_9cca5ecd-94b4-41dc-b8c2-7e2cd5c1a1ac_terseLabel_en-US" xlink:label="lab_ptv_ClassBCommonMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class B common</link:label>
    <link:label id="lab_ptv_ClassBCommonMember_label_en-US" xlink:label="lab_ptv_ClassBCommonMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class B Common [Member]</link:label>
    <link:label id="lab_ptv_ClassBCommonMember_documentation_en-US" xlink:label="lab_ptv_ClassBCommonMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Class B Common</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ClassBCommonMember" xlink:href="ptv-20240630.xsd#ptv_ClassBCommonMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ClassBCommonMember" xlink:to="lab_ptv_ClassBCommonMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_c8908164-1343-4891-87c0-7bd69920648a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Equity method loss</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of associates accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Assets_8f7232bf-df90-4691-92f8-577fcaecffce_totalLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_ifrs-full_Assets_0a80baa6-459b-4e92-9517-1b16220c18a0_terseLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_Assets_label_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Assets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="lab_ifrs-full_Assets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseCategoryAxis_4ab52121-0ce5-40c8-98b9-1dd25ceecf79_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Category [Axis]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseCategoryAxis_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Category [Axis]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseCategoryAxis_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:href="ptv-20240630.xsd#ptv_ShareBasedPaymentExpenseCategoryAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:to="lab_ptv_ShareBasedPaymentExpenseCategoryAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_2b47dec6-5a6d-4cf2-928c-4a6a17e6be71_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest paid</link:label>
    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest paid, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfSharesAmount_89598be4-1c8d-42e7-b5f4-3e32287bb0e6_negatedTerseLabel_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase and cancellation of ordinary shares from Tender Offer</link:label>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfSharesAmount_7bd4e001-ddb1-4c3a-9189-c72cf5ca0e3b_terseLabel_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase and cancellation of shares, amount</link:label>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfSharesAmount_label_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase And Cancellation Of Shares, Amount</link:label>
    <link:label id="lab_ptv_RepurchaseAndCancellationOfSharesAmount_documentation_en-US" xlink:label="lab_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Repurchase And Cancellation Of Shares, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:href="ptv-20240630.xsd#ptv_RepurchaseAndCancellationOfSharesAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:to="lab_ptv_RepurchaseAndCancellationOfSharesAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DenominatorAbstract_840db448-dbf7-47bf-a2c2-ee0903097796_terseLabel_en-US" xlink:label="lab_ptv_DenominatorAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Denominator:</link:label>
    <link:label id="lab_ptv_DenominatorAbstract_label_en-US" xlink:label="lab_ptv_DenominatorAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Denominator [Abstract]</link:label>
    <link:label id="lab_ptv_DenominatorAbstract_documentation_en-US" xlink:label="lab_ptv_DenominatorAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Denominator</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DenominatorAbstract" xlink:href="ptv-20240630.xsd#ptv_DenominatorAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DenominatorAbstract" xlink:to="lab_ptv_DenominatorAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssuingShares_1fbb9d6c-46a7-4e8c-9884-26550b15a8b2_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from the issuance of shares and subsidiary preferred shares</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssuingShares_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issuing shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssuingShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProceedsFromIssuingShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssuingShares" xlink:to="lab_ifrs-full_ProceedsFromIssuingShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract_label_en-US" xlink:label="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Standards and Interpretations Not Yet Adopted [Abstract]</link:label>
    <link:label id="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract_documentation_en-US" xlink:label="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Standards and Interpretations Not Yet Adopted [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:href="ptv-20240630.xsd#ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:to="lab_ptv_NewStandardsAndInterpretationsNotYetAdoptedAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue_0eb60dc1-6557-4187-b691-56f8e31979a2_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue_label_en-US" xlink:label="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for increase decrease In deferred revenue</link:label>
    <link:label id="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue_documentation_en-US" xlink:label="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for increase decrease In deferred revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:href="ptv-20240630.xsd#ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:to="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LegalEntityAxis_3cf74022-e55f-42e9-ad79-05fc3e97f386_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:label id="lab_dei_LegalEntityAxis_label_en-US" xlink:label="lab_dei_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LegalEntityAxis" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_LegalEntityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis" xlink:to="lab_dei_LegalEntityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems_c3798992-6c63-4656-95e9-e52586cdc89e_terseLabel_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Line Items]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems_label_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Line Items]</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems_documentation_en-US" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale Of Future Royalties Liability [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:href="ptv-20240630.xsd#ptv_SaleOfFutureRoyaltiesLiabilityLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:to="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_907a7723-50e9-4612-9716-6c14a4c4c789_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables due from related parties</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables due from related parties</link:label>
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    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfTranches_6419e0f7-8cee-45fa-9d03-c7ca06d3b51e_terseLabel_en-US" xlink:label="lab_ptv_StockRepurchaseProgramNumberOfTranches" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of tranches</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfTranches_label_en-US" xlink:label="lab_ptv_StockRepurchaseProgramNumberOfTranches" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Number Of Tranches</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfTranches_documentation_en-US" xlink:label="lab_ptv_StockRepurchaseProgramNumberOfTranches" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Number Of Tranches</link:label>
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    <link:label id="lab_ifrs-full_DeferredTaxAssets_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DeferredTaxAssets"/>
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    <link:label id="lab_ptv_MarketBacksolveApproachLeverageMonteCarloSimulationMember_01830839-56b4-4dad-8ea4-41afed79e5d2_terseLabel_en-US" xlink:label="lab_ptv_MarketBacksolveApproachLeverageMonteCarloSimulationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market Backsolve Approach Leverage Monte Carlo Simulation</link:label>
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    <link:label id="lab_ptv_MarketBacksolveApproachLeverageMonteCarloSimulationMember_documentation_en-US" xlink:label="lab_ptv_MarketBacksolveApproachLeverageMonteCarloSimulationMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Backsolve Approach Leverage Monte Carlo Simulation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MarketBacksolveApproachLeverageMonteCarloSimulationMember" xlink:href="ptv-20240630.xsd#ptv_MarketBacksolveApproachLeverageMonteCarloSimulationMember"/>
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    <link:label id="lab_ifrs-full_InterestExpenseOnBorrowings_d03fec11-6602-400a-b92d-224c2d3c9001_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnBorrowings" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense on other borrowings</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnBorrowings_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnBorrowings"/>
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    <link:label id="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty_fa2554b7-65f5-4994-bea3-89789e3d6590_terseLabel_en-US" xlink:label="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual threshold, amount</link:label>
    <link:label id="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty_label_en-US" xlink:label="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Agreement, Annual Threshold Royalty Payment Made To Counterparty</link:label>
    <link:label id="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty_documentation_en-US" xlink:label="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalty Agreement, Annual Threshold Royalty Payment Made To Counterparty</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty" xlink:href="ptv-20240630.xsd#ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty"/>
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    <link:label id="lab_ptv_ValueAtIssuance_a32037ee-2787-4021-bba9-2407c389b714_terseLabel_en-US" xlink:label="lab_ptv_ValueAtIssuance" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value at issuance</link:label>
    <link:label id="lab_ptv_ValueAtIssuance_label_en-US" xlink:label="lab_ptv_ValueAtIssuance" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Value at Issuance</link:label>
    <link:label id="lab_ptv_ValueAtIssuance_documentation_en-US" xlink:label="lab_ptv_ValueAtIssuance" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Value at Issuance</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ValueAtIssuance" xlink:href="ptv-20240630.xsd#ptv_ValueAtIssuance"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ValueAtIssuance" xlink:to="lab_ptv_ValueAtIssuance" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_c7ccc49e-f6b3-4d6f-93c6-1beeb178b3ac_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity-accounted associate &#8211; share of other comprehensive income (loss)</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on exchange differences on translation of foreign operations, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
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    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsDomain_4e5a716b-9eb5-40e0-b6d3-5558cee43425_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets, class</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [domain]</link:label>
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    <link:label id="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock_53263db7-bc3c-4723-bd45-476d71ba73b1_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments Held at Fair Value</link:label>
    <link:label id="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Investments Held at Fair Value [Text Block]</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries_29ea990e-3e7f-43c9-92ec-ad82ad4401a5_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of Subsidiary</link:label>
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    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_cbcea043-a698-4815-94ed-4d7522eee5be_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</link:label>
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    <link:label id="lab_ptv_WhollyOwnedProgramsMember_2847e765-4f5c-45f4-a05c-763bdd7dd62a_terseLabel_en-US" xlink:label="lab_ptv_WhollyOwnedProgramsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Wholly-Owned Programs</link:label>
    <link:label id="lab_ptv_WhollyOwnedProgramsMember_label_en-US" xlink:label="lab_ptv_WhollyOwnedProgramsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wholly-owned Programs [Member]</link:label>
    <link:label id="lab_ptv_WhollyOwnedProgramsMember_documentation_en-US" xlink:label="lab_ptv_WhollyOwnedProgramsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Wholly-owned Programs</link:label>
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    <link:label id="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_ec46ffc2-c9c0-450a-bc66-81b5718a0ad9_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from maturity of short-term investments</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from sales or maturity of financial instruments, classified as investing activities</link:label>
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    <link:label id="lab_ptv_TimeToLiquidityMeasurementInputMember_05ad7aa2-1bd1-495f-b49d-308c02ef399b_terseLabel_en-US" xlink:label="lab_ptv_TimeToLiquidityMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Time to Liquidity</link:label>
    <link:label id="lab_ptv_TimeToLiquidityMeasurementInputMember_label_en-US" xlink:label="lab_ptv_TimeToLiquidityMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time to Liquidity, measurement input [Member]</link:label>
    <link:label id="lab_ptv_TimeToLiquidityMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_TimeToLiquidityMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Time to Liquidity, measurement input</link:label>
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    <link:label id="lab_ifrs-full_CurrentGovernmentGrants_7e2eaf36-29f4-4735-b927-bbd38932efdc_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_ifrs-full_CurrentGovernmentGrants_label_en-US" xlink:label="lab_ifrs-full_CurrentGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current government grants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentGovernmentGrants" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentGovernmentGrants"/>
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    <link:label id="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount_21d666a2-a582-4a84-af3f-074918000db9_terseLabel_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eligibility to receive additional payment amount (up to)</link:label>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount_label_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalties Liabilities, Eligibility To Receive Additional Royalty Payment, Amount</link:label>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount_documentation_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalties Liabilities, Eligibility To Receive Additional Royalty Payment, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:href="ptv-20240630.xsd#ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount"/>
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    <link:label id="lab_ptv_PreferredShareLiability_c48e5a54-02a5-4cb3-a66a-ab23c3a1dc91_terseLabel_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred shares</link:label>
    <link:label id="lab_ptv_PreferredShareLiability_7a6cf13a-b1eb-4736-ad75-bc83d07fd33a_verboseLabel_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total subsidiary preferred share balance</link:label>
    <link:label id="lab_ptv_PreferredShareLiability_96eb9e0e-3d92-4125-af8e-88c48c801cb7_periodStartLabel_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ptv_PreferredShareLiability_0d51a889-ad37-48e6-b012-77190104e034_periodEndLabel_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ptv_PreferredShareLiability_label_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Share Liability</link:label>
    <link:label id="lab_ptv_PreferredShareLiability_documentation_en-US" xlink:label="lab_ptv_PreferredShareLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred Share Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PreferredShareLiability" xlink:href="ptv-20240630.xsd#ptv_PreferredShareLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PreferredShareLiability" xlink:to="lab_ptv_PreferredShareLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherReservesMember_b67262da-eba3-44b4-9f7a-f0f72c93c773_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherReservesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other reserve</link:label>
    <link:label id="lab_ifrs-full_OtherReservesMember_label_en-US" xlink:label="lab_ifrs-full_OtherReservesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other reserves [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReservesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherReservesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReservesMember" xlink:to="lab_ifrs-full_OtherReservesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_7920a9dc-03cd-46bc-a12e-25109fb2f05c_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Key management personnel compensation</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_f6d9c321-26ab-44a8-a248-fe37e9268ec0_totalLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangeDomain_fdd5e297-c4b3-421c-aada-9b65bff2e4a6_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ranges</link:label>
    <link:label id="lab_ifrs-full_RangeDomain_label_en-US" xlink:label="lab_ifrs-full_RangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RangeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeDomain" xlink:to="lab_ifrs-full_RangeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnEquityMethodInvestment_5fc6b058-b33e-4111-9564-586227f9e184_terseLabel_en-US" xlink:label="lab_ptv_GainLossOnEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity method loss recorded against LTI</link:label>
    <link:label id="lab_ptv_GainLossOnEquityMethodInvestment_label_en-US" xlink:label="lab_ptv_GainLossOnEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Equity Method Investment</link:label>
    <link:label id="lab_ptv_GainLossOnEquityMethodInvestment_documentation_en-US" xlink:label="lab_ptv_GainLossOnEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Equity Method Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnEquityMethodInvestment" xlink:href="ptv-20240630.xsd#ptv_GainLossOnEquityMethodInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossOnEquityMethodInvestment" xlink:to="lab_ptv_GainLossOnEquityMethodInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RelatedPartyTransactionsAbstract_5f92a0f1-ec90-43b5-a917-b695b2e3c35a_terseLabel_en-US" xlink:label="lab_ifrs-full_RelatedPartyTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related party transactions [abstract]</link:label>
    <link:label id="lab_ifrs-full_RelatedPartyTransactionsAbstract_label_en-US" xlink:label="lab_ifrs-full_RelatedPartyTransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related party transactions [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RelatedPartyTransactionsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RelatedPartyTransactionsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RelatedPartyTransactionsAbstract" xlink:to="lab_ifrs-full_RelatedPartyTransactionsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_f4ff18da-c402-44e8-b4e2-9d7422b35aff_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income/(loss):</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_04e3852e-6c92-45aa-9d1f-a2d59994f7bd_terseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic earnings/(loss) per share (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_19ac6d3e-089f-455f-b0e2-a8019a3010a1_verboseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Basic earnings/(loss) per ordinary share (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BasicEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BasicEarningsLossPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsLossPerShare" xlink:to="lab_ifrs-full_BasicEarningsLossPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInterestsInSubsidiariesTable_152719c8-201d-4d9a-9dfe-46e415eb87ae_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of interests in Subsidiaries [Table]</link:label>
    <link:label id="lab_ptv_DisclosureOfInterestsInSubsidiariesTable_label_en-US" xlink:label="lab_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interests in Subsidiaries [Table]</link:label>
    <link:label id="lab_ptv_DisclosureOfInterestsInSubsidiariesTable_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of interests in Subsidiaries [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:href="ptv-20240630.xsd#ptv_DisclosureOfInterestsInSubsidiariesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:to="lab_ptv_DisclosureOfInterestsInSubsidiariesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_67d90b2c-fc0b-44bd-bef8-3d1495a41138_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of associates [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of associates [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems_01397cd3-7cf9-4f52-bc3b-cbab7e3eb07f_terseLabel_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards [Line Items]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems_label_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards [Line Items]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems_documentation_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:href="ptv-20240630.xsd#ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:to="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock_59c500da-f39e-47e2-8640-3a5326a68de8_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Aggregation of Subsidiaries with Material Non-controlling Interests Before Intra-group Eliminations</link:label>
    <link:label id="lab_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of summary of aggregation of subsidiaries with material non-controlling interests before intra-group eliminations [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of summary of aggregation of subsidiaries with material non-controlling interests before intra-group eliminations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock" xlink:to="lab_ptv_ScheduleOfSummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain_b57175fd-7421-4333-83df-f5add3efeef9_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities, class</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromGroup_3d6489f0-bd5f-4f40-96bc-8270f5242caa_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromGroup" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from group</link:label>
    <link:label id="lab_ptv_ProceedsFromGroup_label_en-US" xlink:label="lab_ptv_ProceedsFromGroup" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Group</link:label>
    <link:label id="lab_ptv_ProceedsFromGroup_documentation_en-US" xlink:label="lab_ptv_ProceedsFromGroup" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Group</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromGroup" xlink:href="ptv-20240630.xsd#ptv_ProceedsFromGroup"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromGroup" xlink:to="lab_ptv_ProceedsFromGroup" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MinimumMember_00f59277-16e0-4245-9b77-c0453bb62427_terseLabel_en-US" xlink:label="lab_srt_MinimumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" 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" xml:lang="en-US">Minimum [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember" xlink:href="https://xbrl.fasb.org/srt/2024/elts/srt-2024.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_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract_05466fab-b05b-43fa-ade1-63a191b7e469_terseLabel_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental disclosure of non-cash investment and financing activities:</link:label>
    <link:label id="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract_label_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplemental disclosure of non-cash investment and financing activities [Abstract]</link:label>
    <link:label id="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract_documentation_en-US" xlink:label="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Supplemental disclosure of non-cash investment and financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:href="ptv-20240630.xsd#ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:to="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_2fa74748-a2f3-416b-8209-bdff94973794_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities:</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_e4f2193e-f19e-4fd9-852c-92ee5abd95a5_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade payables</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current trade payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:to="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MergerReserve_3470d2ab-b72f-4726-89f9-562df696b87d_terseLabel_en-US" xlink:label="lab_ifrs-full_MergerReserve" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
    <link:label id="lab_ifrs-full_MergerReserve_label_en-US" xlink:label="lab_ifrs-full_MergerReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MergerReserve" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MergerReserve"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MergerReserve" xlink:to="lab_ifrs-full_MergerReserve" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLoss_7886f47c-c398-4edd-9ebe-0d8de20f124b_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) for the period</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_a5edf823-715f-4230-95ac-2d8778406525_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income/(loss)</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_84d7195a-d376-41ec-961a-db1dfc6c2951_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) for the period</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_label_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets_c16ec19c-9452-44a5-a55e-dae327829dad_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for decrease (increase) in other current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeniorManagersMember_1c4a5fbf-e13b-422a-bbb3-9c4e9bdedf85_terseLabel_en-US" xlink:label="lab_ptv_SeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Managers</link:label>
    <link:label id="lab_ptv_SeniorManagersMember_label_en-US" xlink:label="lab_ptv_SeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Managers [Member]</link:label>
    <link:label id="lab_ptv_SeniorManagersMember_documentation_en-US" xlink:label="lab_ptv_SeniorManagersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Managers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeniorManagersMember" xlink:href="ptv-20240630.xsd#ptv_SeniorManagersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeniorManagersMember" xlink:to="lab_ptv_SeniorManagersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingExpenseAbstract_04d132e2-e2da-4546-b8a9-e50a06620ac9_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating expenses:</link:label>
    <link:label id="lab_ptv_OperatingExpenseAbstract_label_en-US" xlink:label="lab_ptv_OperatingExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expense [Abstract]</link:label>
    <link:label id="lab_ptv_OperatingExpenseAbstract_documentation_en-US" xlink:label="lab_ptv_OperatingExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingExpenseAbstract" xlink:href="ptv-20240630.xsd#ptv_OperatingExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingExpenseAbstract" xlink:to="lab_ptv_OperatingExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory_14796c52-1ace-4e04-aeb5-ea297016f5dd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Financial Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of other assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOtherAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TreasurySharesMember_72325727-4659-4bed-8ced-e06078fa6b2d_terseLabel_en-US" xlink:label="lab_ifrs-full_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Shares</link:label>
    <link:label id="lab_ifrs-full_TreasurySharesMember_label_en-US" xlink:label="lab_ifrs-full_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasurySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TreasurySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasurySharesMember" xlink:to="lab_ifrs-full_TreasurySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalDomain_b575608e-b6d2-48a9-8842-7835358383dc_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share capital</link:label>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ClassesOfShareCapitalDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalDomain" xlink:to="lab_ifrs-full_ClassesOfShareCapitalDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AkiliMember_a43b1cab-056e-4e0f-8767-39b9c146856f_terseLabel_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Akili (Common)</link:label>
    <link:label id="lab_ptv_AkiliMember_label_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Akili [Member]</link:label>
    <link:label id="lab_ptv_AkiliMember_documentation_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Akili</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AkiliMember" xlink:href="ptv-20240630.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_ExercisePriceOfWarrants_11d96c1a-2858-471c-8446-acd19304e387_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceOfWarrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise price of warrants (in usd per share)</link:label>
    <link:label id="lab_ptv_ExercisePriceOfWarrants_label_en-US" xlink:label="lab_ptv_ExercisePriceOfWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price of Warrants</link:label>
    <link:label id="lab_ptv_ExercisePriceOfWarrants_documentation_en-US" xlink:label="lab_ptv_ExercisePriceOfWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price of Warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceOfWarrants" xlink:href="ptv-20240630.xsd#ptv_ExercisePriceOfWarrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePriceOfWarrants" xlink:to="lab_ptv_ExercisePriceOfWarrants" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_2bf06b05-a2b5-454b-996d-33a9c1313c3d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">(Gain)/loss on disposal of assets</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for gain (loss) on disposals, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_8f039939-2c92-41d1-b9e5-605a3c620f38_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain_4a130035-09d0-40d3-a8a9-d22d6b2dfa74_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity's total for associates</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associates [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantInvestmentsInAssociatesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:to="lab_ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_e0963c40-22e2-441e-a07c-59807a47701d_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consolidated Statement of Comprehensive Income/(Loss)</link:label>
    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_1db7c1dd-b66c-4400-bbea-733faedd2cf0_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of options (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options exercisable in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement"/>
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    <link:label id="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_3026b583-8089-46fc-90c1-490056d05ff4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of commitments and contingent liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing_59755646-f290-4a4c-a10d-3058d58bfc82_terseLabel_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts received at closing</link:label>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing_label_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalties Liabilities, Initial Payment Received At Closing</link:label>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing_documentation_en-US" xlink:label="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalties Liabilities, Initial Payment Received At Closing</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:href="ptv-20240630.xsd#ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:to="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_e7925b68-d49b-46e2-99c0-4345b6e2e0b3_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on change in fair value</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial assets at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory_1a166bd7-7569-47ff-b208-982bc3c74b08_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Terms and Conditions of Share-Based Payment Arrangement</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory"/>
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    <link:label id="lab_ptv_RelatedPartyTransactionsTable_72fa5a43-81c8-45ec-ad0c-6efd542a3ba0_terseLabel_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related party transactions [Table]</link:label>
    <link:label id="lab_ptv_RelatedPartyTransactionsTable_label_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related party transactions [Table]</link:label>
    <link:label id="lab_ptv_RelatedPartyTransactionsTable_documentation_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related party transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RelatedPartyTransactionsTable" xlink:href="ptv-20240630.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_ExercisePriceShareOptionsGranted2019_b7364a42-84bc-464d-b5ce-d6361813b7e5_terseLabel_en-US" xlink:label="lab_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise price (GBP) (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_ExercisePriceShareOptionsGranted2019_label_en-US" xlink:label="lab_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise price, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExercisePriceShareOptionsGranted2019"/>
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    <link:label id="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions_6055a7bb-a60f-4abc-9754-943eaced4e35_terseLabel_en-US" xlink:label="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current liabilities from share based payment transactions</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions_label_en-US" xlink:label="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Liabilities From Share based Payment Transactions</link:label>
    <link:label id="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions_documentation_en-US" xlink:label="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Liabilities From Share based Payment Transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:href="ptv-20240630.xsd#ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:to="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock_aed17977-b28e-466e-97fe-1a9a0f4d0397_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in Financial Liabilities, Level 3 Fair Value, Subsidiary Preferred Shares</link:label>
    <link:label id="lab_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of changes in Financial Liabilities, level 3 fair value - Subsidiary Preferred Shares and Convertible Notes [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of changes in Financial Liabilities, level 3 fair value - Subsidiary Preferred Shares and Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock" xlink:to="lab_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremiumMember_3809c961-203e-4b48-a6f7-8e2f947e4c51_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share premium</link:label>
    <link:label id="lab_ifrs-full_SharePremiumMember_label_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share premium [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremiumMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SharePremiumMember"/>
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    <link:label id="lab_ptv_FairValueOfWarrants_55b80e40-fb9d-42d3-9911-25a86ca2e2e4_terseLabel_en-US" xlink:label="lab_ptv_FairValueOfWarrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of warrants</link:label>
    <link:label id="lab_ptv_FairValueOfWarrants_label_en-US" xlink:label="lab_ptv_FairValueOfWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Of Warrants</link:label>
    <link:label id="lab_ptv_FairValueOfWarrants_documentation_en-US" xlink:label="lab_ptv_FairValueOfWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Of Warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FairValueOfWarrants" xlink:href="ptv-20240630.xsd#ptv_FairValueOfWarrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FairValueOfWarrants" xlink:to="lab_ptv_FairValueOfWarrants" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_f26861af-77c2-4580-9334-efb26a39c174_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diluted earnings/(loss) per share (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_e21e4bb0-6f87-40db-a813-d9cdce13662b_verboseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Diluted earnings/(loss) per ordinary share (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DilutedEarningsLossPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:to="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DirectorsRemunerationExpense_4c44da09-8f1f-4ccf-a673-9a769c37e9af_terseLabel_en-US" xlink:label="lab_ifrs-full_DirectorsRemunerationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remuneration expense</link:label>
    <link:label id="lab_ifrs-full_DirectorsRemunerationExpense_label_en-US" xlink:label="lab_ifrs-full_DirectorsRemunerationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Directors' remuneration expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DirectorsRemunerationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DirectorsRemunerationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DirectorsRemunerationExpense" xlink:to="lab_ifrs-full_DirectorsRemunerationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MergerReserveMember_9752fe30-29c0-4854-9008-4f3cf9629ef3_terseLabel_en-US" xlink:label="lab_ifrs-full_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Merger reserve</link:label>
    <link:label id="lab_ifrs-full_MergerReserveMember_label_en-US" xlink:label="lab_ifrs-full_MergerReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Merger reserve [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MergerReserveMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MergerReserveMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MergerReserveMember" xlink:to="lab_ifrs-full_MergerReserveMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumeratorAbstract_d19095cd-7963-4337-b950-1ef215ed1ec6_terseLabel_en-US" xlink:label="lab_ptv_NumeratorAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Numerator:</link:label>
    <link:label id="lab_ptv_NumeratorAbstract_label_en-US" xlink:label="lab_ptv_NumeratorAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Numerator [Abstract]</link:label>
    <link:label id="lab_ptv_NumeratorAbstract_documentation_en-US" xlink:label="lab_ptv_NumeratorAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Numerator</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumeratorAbstract" xlink:href="ptv-20240630.xsd#ptv_NumeratorAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumeratorAbstract" xlink:to="lab_ptv_NumeratorAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_6ba62935-b7f0-40e1-a622-8b0d3c872ed7_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income/(costs) &#8211; fair value accounting</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_d9ccb726-45af-42aa-ad04-def7ac06f460_totalLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total finance income/(costs) &#8211; fair value accounting</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AtFairValueMember_c78042ac-ca64-46db-8641-95ee951cf1fb_terseLabel_en-US" xlink:label="lab_ifrs-full_AtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">At fair value</link:label>
    <link:label id="lab_ifrs-full_AtFairValueMember_label_en-US" xlink:label="lab_ifrs-full_AtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">At fair value [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AtFairValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AtFairValueMember" xlink:to="lab_ifrs-full_AtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentsAbstract_f1c285f2-4866-445e-af91-9dd34aaf38f5_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense [Abstract]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsAbstract_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payments [Abstract]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsAbstract_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsAbstract" xlink:href="ptv-20240630.xsd#ptv_ShareBasedPaymentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsAbstract" xlink:to="lab_ptv_ShareBasedPaymentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_3d9ce9d7-273d-48d0-a69f-618f99d6b3ba_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General Information</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of material accounting policy information [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:to="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger_cdce2642-8544-4b96-902b-086369b75aca_terseLabel_en-US" xlink:label="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible note, percentage of equity price trigger</link:label>
    <link:label id="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger_label_en-US" xlink:label="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Percentage Of Equity Price Trigger</link:label>
    <link:label id="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger_documentation_en-US" xlink:label="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Convertible, Percentage Of Equity Price Trigger</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:href="ptv-20240630.xsd#ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:to="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OwnershipInterest_27792ff6-5148-4d28-bca8-7c64e20c6b8c_terseLabel_en-US" xlink:label="lab_ptv_OwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ownership interest</link:label>
    <link:label id="lab_ptv_OwnershipInterest_label_en-US" xlink:label="lab_ptv_OwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ownership Interest</link:label>
    <link:label id="lab_ptv_OwnershipInterest_documentation_en-US" xlink:label="lab_ptv_OwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ownership Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OwnershipInterest" xlink:href="ptv-20240630.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_ptv_PurchaseOfIntangibleAssetsButNotYetPaid_4154d89d-47e8-4f1b-8511-f7514a1974a8_terseLabel_en-US" xlink:label="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of intangible assets not yet paid in cash</link:label>
    <link:label id="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid_label_en-US" xlink:label="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Of Intangible Assets But Not Yet Paid</link:label>
    <link:label id="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid_documentation_en-US" xlink:label="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Of Intangible Assets But Not Yet Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:href="ptv-20240630.xsd#ptv_PurchaseOfIntangibleAssetsButNotYetPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:to="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_1407fd44-460c-4e7a-8f3b-4386a644eb06_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Sale of Karuna shares</link:label>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SalesFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SalesFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SalesFairValueMeasurementAssets" xlink:to="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AppeeringMember_a00bc737-d256-4647-96f9-30f9aeb97b24_terseLabel_en-US" xlink:label="lab_ptv_AppeeringMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Appeering</link:label>
    <link:label id="lab_ptv_AppeeringMember_label_en-US" xlink:label="lab_ptv_AppeeringMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Appeering [Member]</link:label>
    <link:label id="lab_ptv_AppeeringMember_documentation_en-US" xlink:label="lab_ptv_AppeeringMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Appeering</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AppeeringMember" xlink:href="ptv-20240630.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_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing_a9d00f7d-c5a8-4c36-8b1c-06b067bc36d9_terseLabel_en-US" xlink:label="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of business days following the consummation of a qualified financing</link:label>
    <link:label id="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing_label_en-US" xlink:label="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Receivables Due From Associates, Term, Number Of Business Days Following The Consummation Of A Qualified Financing</link:label>
    <link:label id="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing_documentation_en-US" xlink:label="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Receivables Due From Associates, Term, Number Of Business Days Following The Consummation Of A Qualified Financing</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:href="ptv-20240630.xsd#ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:to="lab_ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_71aeea05-98df-45e4-a75c-9fc80dc61152_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RelatedPartyTransactionsLineItems_3890d81f-95e4-484a-b579-cd7c63b8e831_terseLabel_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related party transactions [Line Items]</link:label>
    <link:label id="lab_ptv_RelatedPartyTransactionsLineItems_label_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related party transactions [Line Items]</link:label>
    <link:label id="lab_ptv_RelatedPartyTransactionsLineItems_documentation_en-US" xlink:label="lab_ptv_RelatedPartyTransactionsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related party transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RelatedPartyTransactionsLineItems" xlink:href="ptv-20240630.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_65935bf7-8bac-4477-aeeb-8d07c9295427_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issue of convertible notes</link:label>
    <link:label id="lab_ptv_ProceedsFromIssueOfConvertibleNotes_label_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issue of convertible notes</link:label>
    <link:label id="lab_ptv_ProceedsFromIssueOfConvertibleNotes_documentation_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from issue of convertible notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromIssueOfConvertibleNotes" xlink:href="ptv-20240630.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_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates_50f9dcf2-53e9-4f6f-ab5a-9e277d535f63_negatedTerseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">(Gain)/loss on investments in notes from associates</link:label>
    <link:label id="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates_label_en-US" xlink:label="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Gains (Losses) On Change In Fair Value Of Note Receivable Due From Associates</link:label>
    <link:label id="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates_documentation_en-US" xlink:label="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Gains (Losses) On Change In Fair Value Of Note Receivable Due From Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:href="ptv-20240630.xsd#ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:to="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees_9c0c5d96-4765-4de1-82ac-42d37917c2d5_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payment expense</link:label>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees_label_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense from share-based payment transactions with parties other than employees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:to="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossFromOperatingActivities_1769392f-e83a-4a0b-8005-14faa7536ca4_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Operating income/(loss)</link:label>
    <link:label id="lab_ifrs-full_ProfitLossFromOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) from operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="lab_ifrs-full_ProfitLossFromOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_d7170690-8761-40d3-ae3a-f240c9e5424c_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income taxes paid</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income taxes paid (refund), classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceCosts_f9b5dabc-dea8-4691-983d-93c52b825c23_negatedLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Finance costs &#8211; contractual</link:label>
    <link:label id="lab_ifrs-full_FinanceCosts_75f7c80f-6297-4e82-a93d-0875aa5ddea7_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total finance cost &#8211; contractual</link:label>
    <link:label id="lab_ifrs-full_FinanceCosts_label_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceCosts" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinanceCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceCosts" xlink:to="lab_ifrs-full_FinanceCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_d80057bf-817f-4e29-ad3e-8ea0de6e2833_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Parties Transactions</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of transactions between related parties [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost_a4f7a306-f447-44e5-b085-2f1844596c8a_terseLabel_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible preferred shares held at fair value</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost_label_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Investments, Gain (Loss) Recognised Through Profit (Loss) When Control Of Subsidiary Is Lost</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost_documentation_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Investments, Gain (Loss) Recognised Through Profit (Loss) When Control Of Subsidiary Is Lost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:href="ptv-20240630.xsd#ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:to="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfInvestmentHeldAtFairValueMember_db6f0a52-2ef3-4555-9575-d9018db87ccc_terseLabel_en-US" xlink:label="lab_ptv_SaleOfInvestmentHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of investment held at fair value</link:label>
    <link:label id="lab_ptv_SaleOfInvestmentHeldAtFairValueMember_label_en-US" xlink:label="lab_ptv_SaleOfInvestmentHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Investment Held At Fair Value [Member]</link:label>
    <link:label id="lab_ptv_SaleOfInvestmentHeldAtFairValueMember_documentation_en-US" xlink:label="lab_ptv_SaleOfInvestmentHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale Of Investment Held At Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfInvestmentHeldAtFairValueMember" xlink:href="ptv-20240630.xsd#ptv_SaleOfInvestmentHeldAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfInvestmentHeldAtFairValueMember" xlink:to="lab_ptv_SaleOfInvestmentHeldAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_a8917dda-e6a1-400c-bfed-3795a6b66275_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities:</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_a4a6e669-2056-4bc1-b526-d748c270fb67_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Owners of the Group</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_9fe1efde-8f56-4c9d-a822-32bcd7bdbb40_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payment of lease liability</link:label>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of lease liabilities, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DrJohnLaMattinaMember_a07a5be8-6ec3-40ac-990f-70b04789c821_terseLabel_en-US" xlink:label="lab_ptv_DrJohnLaMattinaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dr John LaMattina</link:label>
    <link:label id="lab_ptv_DrJohnLaMattinaMember_label_en-US" xlink:label="lab_ptv_DrJohnLaMattinaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dr John LaMattina [Member]</link:label>
    <link:label id="lab_ptv_DrJohnLaMattinaMember_documentation_en-US" xlink:label="lab_ptv_DrJohnLaMattinaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dr John LaMattina</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrJohnLaMattinaMember" xlink:href="ptv-20240630.xsd#ptv_DrJohnLaMattinaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrJohnLaMattinaMember" xlink:to="lab_ptv_DrJohnLaMattinaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EnlightMember_ec27da46-9af0-4cdf-b1aa-1bdf6b2dfd79_terseLabel_en-US" xlink:label="lab_ptv_EnlightMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Enlight (Class B Common)</link:label>
    <link:label id="lab_ptv_EnlightMember_label_en-US" xlink:label="lab_ptv_EnlightMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Enlight [Member]</link:label>
    <link:label id="lab_ptv_EnlightMember_documentation_en-US" xlink:label="lab_ptv_EnlightMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Enlight</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EnlightMember" xlink:href="ptv-20240630.xsd#ptv_EnlightMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EnlightMember" xlink:to="lab_ptv_EnlightMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EffectiveTaxRate_62e0a102-74a2-4ada-b644-ab961ca1f373_terseLabel_en-US" xlink:label="lab_ptv_EffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effective tax rate</link:label>
    <link:label id="lab_ptv_EffectiveTaxRate_label_en-US" xlink:label="lab_ptv_EffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Tax Rate</link:label>
    <link:label id="lab_ptv_EffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_EffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EffectiveTaxRate" xlink:href="ptv-20240630.xsd#ptv_EffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EffectiveTaxRate" xlink:to="lab_ptv_EffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DrEricElenkoMember_1644a044-62ee-4b6e-b0eb-31d4c584ad89_terseLabel_en-US" xlink:label="lab_ptv_DrEricElenkoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" 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" xml:lang="en-US">Dr Eric Elenko [Member]</link:label>
    <link:label id="lab_ptv_DrEricElenkoMember_documentation_en-US" xlink:label="lab_ptv_DrEricElenkoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dr Eric Elenko</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrEricElenkoMember" xlink:href="ptv-20240630.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_CashFlowsFromUsedInFinancingActivities_37ea456a-2d53-4856-97cb-111d17be97d7_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) financing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_e83a9b82-ba81-4cc4-8110-ee778f082f24_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, non-current</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLeaseLiabilities" xlink:to="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssetsAbstract_21a835ca-a924-4e4d-beca-ad0699b60297_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
    <link:label id="lab_ifrs-full_NoncurrentAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:to="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromInvestors_6d3ac600-1e51-4116-b4ab-f97fa5c81c5f_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromInvestors" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from investors</link:label>
    <link:label id="lab_ptv_ProceedsFromInvestors_label_en-US" xlink:label="lab_ptv_ProceedsFromInvestors" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Investors</link:label>
    <link:label id="lab_ptv_ProceedsFromInvestors_documentation_en-US" xlink:label="lab_ptv_ProceedsFromInvestors" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Investors</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromInvestors" xlink:href="ptv-20240630.xsd#ptv_ProceedsFromInvestors"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromInvestors" xlink:to="lab_ptv_ProceedsFromInvestors" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets_3811c08a-936c-43da-a59a-5eb78ee32920_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, assets</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_0b739112-f907-4998-858b-2d0081004937_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and Other Payables</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of trade and other payables [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_239ebdf3-05b5-4b94-af38-9bb4c337b5a1_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on investments held at fair value</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_b6100f9c-4445-443a-a580-6864ffaa1773_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investment retained in deconsolidated subsidiary</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_421273de-c389-4608-8195-44e61a80a956_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of property and equipment</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from sales of property, plant and equipment, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011_24277cc5-ef84-4ca2-94f5-29097eb320e2_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for share-based awards</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities from share-based payment transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011"/>
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    <link:label id="lab_ifrs-full_EquityAbstract_16e7c60b-5fc2-4a65-a844-c2b4b2257b95_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ifrs-full_EquityAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract" xlink:to="lab_ifrs-full_EquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentAssets_425d8a7e-ddf1-4651-ab38-4a2e311614e5_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current assets</link:label>
    <link:label id="lab_ifrs-full_CurrentAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssets" xlink:to="lab_ifrs-full_CurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PreferenceSharesMember_b5d9f1d0-fb6e-46fc-af73-1f487b8596d4_terseLabel_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred</link:label>
    <link:label id="lab_ifrs-full_PreferenceSharesMember_label_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PreferenceSharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PreferenceSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PreferenceSharesMember" xlink:to="lab_ifrs-full_PreferenceSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BusinessCombinationsDomain_78fe3582-feb5-40d6-bb85-7d013e387311_terseLabel_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity's total for business combinations [member]</link:label>
    <link:label id="lab_ifrs-full_BusinessCombinationsDomain_label_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business combinations [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BusinessCombinationsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BusinessCombinationsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BusinessCombinationsDomain" xlink:to="lab_ifrs-full_BusinessCombinationsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember_e4832fab-692e-4501-a294-a176594cc28e_terseLabel_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidated former subsidiary operating&#160;companies</link:label>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember_label_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidated former Subsidiary Operating Companies [Member]</link:label>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember_documentation_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidated former Subsidiary Operating Companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:href="ptv-20240630.xsd#ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:to="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments_49e4402f-df90-4604-8a3c-beb967d0a1e3_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Realized gain/(loss) on sale of investments</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on disposals of investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:to="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_de224fcd-66c3-4c5b-b1f0-9ddf98dcdfca_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement</link:label>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_5e8e83ca-6ab8-49bd-a347-1fd2a9598e47_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total RSUs (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_label_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_f30db576-e8d4-42d3-9d7c-9b9b60960253_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent Events</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of events after reporting period [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinanceCostExplanatory_a0f84a81-b761-40da-a8a8-e9980c429cd3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance Income/(Costs), net</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinanceCostExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of finance cost [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinanceCostExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinanceCostExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonexecutiveDirectorsMember_d1314269-e000-46f6-bdbb-13984aaf1176_terseLabel_en-US" xlink:label="lab_ptv_NonexecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nonexecutive Directors</link:label>
    <link:label id="lab_ptv_NonexecutiveDirectorsMember_label_en-US" xlink:label="lab_ptv_NonexecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nonexecutive Directors [Member]</link:label>
    <link:label id="lab_ptv_NonexecutiveDirectorsMember_documentation_en-US" xlink:label="lab_ptv_NonexecutiveDirectorsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nonexecutive Directors</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonexecutiveDirectorsMember" xlink:href="ptv-20240630.xsd#ptv_NonexecutiveDirectorsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonexecutiveDirectorsMember" xlink:to="lab_ptv_NonexecutiveDirectorsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProportionOfOwnershipInterestInInvestee_aba24b9a-270e-4d85-a4c9-103c13976967_terseLabel_en-US" xlink:label="lab_ptv_ProportionOfOwnershipInterestInInvestee" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in investee (as a percent)</link:label>
    <link:label id="lab_ptv_ProportionOfOwnershipInterestInInvestee_label_en-US" xlink:label="lab_ptv_ProportionOfOwnershipInterestInInvestee" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in investee</link:label>
    <link:label id="lab_ptv_ProportionOfOwnershipInterestInInvestee_documentation_en-US" xlink:label="lab_ptv_ProportionOfOwnershipInterestInInvestee" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in investee</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProportionOfOwnershipInterestInInvestee" xlink:href="ptv-20240630.xsd#ptv_ProportionOfOwnershipInterestInInvestee"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProportionOfOwnershipInterestInInvestee" xlink:to="lab_ptv_ProportionOfOwnershipInterestInInvestee" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CashInDeconsolidatedSubsidiary_f140f9a6-6b57-45fe-83b0-9b694e013184_negatedTerseLabel_en-US" xlink:label="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Cash derecognized upon loss of control over subsidiary (see table below)</link:label>
    <link:label id="lab_ptv_CashInDeconsolidatedSubsidiary_label_en-US" xlink:label="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash In Deconsolidated Subsidiary</link:label>
    <link:label id="lab_ptv_CashInDeconsolidatedSubsidiary_documentation_en-US" xlink:label="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash In Deconsolidated Subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CashInDeconsolidatedSubsidiary" xlink:href="ptv-20240630.xsd#ptv_CashInDeconsolidatedSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashInDeconsolidatedSubsidiary" xlink:to="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_83447867-271d-45c0-83a2-71b5193b6480_negatedLabel_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Finance costs &#8211; non cash interest expense related to sale of future royalties</link:label>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_ea7f6d71-7358-4673-8653-a1181fe80328_negatedTerseLabel_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Total finance costs - non cash interest expense related to sale of future royalties</link:label>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_ae6df477-3041-4d32-876b-65f780a6032a_netLabel_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Non cash interest expense recognized</link:label>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_label_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash Interest Expense, Royalty Liability</link:label>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_documentation_en-US" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash Interest Expense, Royalty Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:href="ptv-20240630.xsd#ptv_NoncashInterestExpenseRoyaltyLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:to="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FollicaMember_13923cfa-0c74-472f-8a64-6876601e2415_terseLabel_en-US" xlink:label="lab_ptv_FollicaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Follica</link:label>
    <link:label id="lab_ptv_FollicaMember_label_en-US" xlink:label="lab_ptv_FollicaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Follica [Member]</link:label>
    <link:label id="lab_ptv_FollicaMember_documentation_en-US" xlink:label="lab_ptv_FollicaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Follica</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FollicaMember" xlink:href="ptv-20240630.xsd#ptv_FollicaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FollicaMember" xlink:to="lab_ptv_FollicaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward_459894cb-9160-44d0-a4e1-89f49df4a5b6_terseLabel_en-US" xlink:label="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expense (income) in respect of RSU liability award</link:label>
    <link:label id="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward_label_en-US" xlink:label="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense (income) in respect of RSU liability award</link:label>
    <link:label id="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward_documentation_en-US" xlink:label="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expense (income) in respect of RSU liability award</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:href="ptv-20240630.xsd#ptv_ExpenseIncomeInRespectOfRSULiabilityAward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:to="lab_ptv_ExpenseIncomeInRespectOfRSULiabilityAward" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_8e12eba3-9bb2-4370-8b13-3c1c0b4395ee_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity and liabilities</link:label>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_64ffa790-4a9f-4a04-9078-49e628883251_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_605bc043-c852-4db1-9995-efada9d894a3_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share of net income/(loss) of associates accounted for using the equity method</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_2c9550fd-709d-4fc0-bfe4-2cc0fe908e2c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Share of net income/(loss) of associates accounted for using the equity method</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of associates and joint ventures accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsAxis_3676ac53-1d2b-4ae6-92de-3f887c4790d5_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:label id="lab_ifrs-full_SegmentsAxis_label_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsAxis" xlink:to="lab_ifrs-full_SegmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_48c38b25-93c4-4cf3-a650-e4475b1c6f44_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Finance Income (Cost)</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of finance income (cost) [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_0d332c74-143c-4e54-a1c3-b7110d7935e2_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapitalPreferenceShares_4195cbb1-9838-4f33-9051-bb0f1c50d4d6_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapitalPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary preferred shares and warrants</link:label>
    <link:label id="lab_ifrs-full_IssuedCapitalPreferenceShares_label_en-US" xlink:label="lab_ifrs-full_IssuedCapitalPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital, preference shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalPreferenceShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IssuedCapitalPreferenceShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapitalPreferenceShares" xlink:to="lab_ifrs-full_IssuedCapitalPreferenceShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PaymentToPurchaseTreasuryStock_3c91669d-def6-4708-aa8b-bbb4783a090b_negatedTerseLabel_en-US" xlink:label="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of treasury stock</link:label>
    <link:label id="lab_ptv_PaymentToPurchaseTreasuryStock_label_en-US" xlink:label="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment To Purchase Treasury Stock</link:label>
    <link:label id="lab_ptv_PaymentToPurchaseTreasuryStock_documentation_en-US" xlink:label="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payment To Purchase Treasury Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PaymentToPurchaseTreasuryStock" xlink:href="ptv-20240630.xsd#ptv_PaymentToPurchaseTreasuryStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PaymentToPurchaseTreasuryStock" xlink:to="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_572085ec-68c6-4c28-b682-5f5575f3012a_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Potential securities excluded from diluted EPS calculation (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_label_en-US" xlink:label="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of potential ordinary shares that are antidilutive in period presented</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:to="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ParentCompanyAndOtherMember_9f710e31-64a0-4695-8e0b-b40578b3ce91_verboseLabel_en-US" xlink:label="lab_ptv_ParentCompanyAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Parent Company and Other</link:label>
    <link:label id="lab_ptv_ParentCompanyAndOtherMember_label_en-US" xlink:label="lab_ptv_ParentCompanyAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Parent Company And Other [Member]</link:label>
    <link:label id="lab_ptv_ParentCompanyAndOtherMember_documentation_en-US" xlink:label="lab_ptv_ParentCompanyAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Parent Company And Other</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ParentCompanyAndOtherMember" xlink:href="ptv-20240630.xsd#ptv_ParentCompanyAndOtherMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ParentCompanyAndOtherMember" xlink:to="lab_ptv_ParentCompanyAndOtherMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod_35e87bfb-abcd-4739-b40a-5e8097cfbbbe_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based awards expiration period</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod_label_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement By Share-based Payment Award, Expiration Period</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod_documentation_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement By Share-based Payment Award, Expiration Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:href="ptv-20240630.xsd#ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:to="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable_101c38cb-5f45-44b3-8806-5a0340bdd842_terseLabel_en-US" xlink:label="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash investment in associate</link:label>
    <link:label id="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable_label_en-US" xlink:label="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consideration Paid For Issuance Of Notes Receivable</link:label>
    <link:label id="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable_documentation_en-US" xlink:label="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Consideration Paid For Issuance Of Notes Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:href="ptv-20240630.xsd#ptv_ConsiderationPaidForIssuanceOfNotesReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:to="lab_ptv_ConsiderationPaidForIssuanceOfNotesReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_50d34376-b4f0-4a24-98b6-9ccd1c0939c3_netLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Property and equipment, net</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_3f6624f8-6af7-49a3-bea5-93021691634d_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, net</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_ifrs-full_PropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CorporateLoansMember_ffe765d0-58d9-43d7-a4ed-612cd8733a69_terseLabel_en-US" xlink:label="lab_ifrs-full_CorporateLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Money Markets</link:label>
    <link:label id="lab_ifrs-full_CorporateLoansMember_label_en-US" xlink:label="lab_ifrs-full_CorporateLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans to corporate entities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CorporateLoansMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CorporateLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CorporateLoansMember" xlink:to="lab_ifrs-full_CorporateLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentsTableTable_775fd88c-4026-4b57-bb39-fc6d338f4288_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Table]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsTableTable_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Table]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsTableTable_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentsTableTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payments Table [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsTableTable" xlink:href="ptv-20240630.xsd#ptv_ShareBasedPaymentsTableTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsTableTable" xlink:to="lab_ptv_ShareBasedPaymentsTableTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsInterestRate_412d8df9-fe4a-4c00-8273-02597baff924_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:label id="lab_ifrs-full_BorrowingsInterestRate_label_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsInterestRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_BorrowingsInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsInterestRate" xlink:to="lab_ifrs-full_BorrowingsInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxationAbstract_83de9890-1b67-43d0-a1dc-ae6d578f287c_terseLabel_en-US" xlink:label="lab_ptv_TaxationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation [Abstract]</link:label>
    <link:label id="lab_ptv_TaxationAbstract_label_en-US" xlink:label="lab_ptv_TaxationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxation [Abstract]</link:label>
    <link:label id="lab_ptv_TaxationAbstract_documentation_en-US" xlink:label="lab_ptv_TaxationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taxation [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxationAbstract" xlink:href="ptv-20240630.xsd#ptv_TaxationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxationAbstract" xlink:to="lab_ptv_TaxationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentAssetsAbstract_eeca95a1-24cc-4815-ae89-58ea83206e14_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:label id="lab_ifrs-full_CurrentAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentAssetsAbstract"/>
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    <link:label id="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase_c6f26353-d3ab-40a5-bf94-0f8d68b2f842_terseLabel_en-US" xlink:label="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional number of shares authorized to purchase (in shares)</link:label>
    <link:label id="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase_label_en-US" xlink:label="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional number of shares authorized to purchase</link:label>
    <link:label id="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase_documentation_en-US" xlink:label="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additional number of shares authorized to purchase</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:href="ptv-20240630.xsd#ptv_AdditionalNumberOfSharesAuthorizedToPurchase"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:to="lab_ptv_AdditionalNumberOfSharesAuthorizedToPurchase" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesDomain_d2530ea1-da2e-4841-bbc8-b8728c81d3d4_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity's total for related parties</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesDomain_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of related parties [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:to="lab_ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCurrentPayables_53ddb045-4bdb-4107-8895-ac3e5c028fee_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherCurrentPayables_label_en-US" xlink:label="lab_ifrs-full_OtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other current payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCurrentPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherCurrentPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCurrentPayables" xlink:to="lab_ifrs-full_OtherCurrentPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentConsolidationItemsDomain_4c1af41b-3d0a-4052-941e-721c570b7adf_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity's total for segment consolidation items</link:label>
    <link:label id="lab_ifrs-full_SegmentConsolidationItemsDomain_label_en-US" xlink:label="lab_ifrs-full_SegmentConsolidationItemsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment consolidation items [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentConsolidationItemsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SegmentConsolidationItemsDomain"/>
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    <link:label id="lab_ptv_BusinessOrSourcingCompanyAxis_4f4ac724-8df7-45f5-832b-6c590fe35345_terseLabel_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Axis]</link:label>
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    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_db0ba7c5-d16f-4025-b7b5-6be59f50ae02_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Equity attributable to the owners of the Group</link:label>
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    <link:label id="lab_ptv_PerformanceBasedRSUsMember_488c2d87-453c-4ef8-adfe-c2d56a7b440f_terseLabel_en-US" xlink:label="lab_ptv_PerformanceBasedRSUsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance based RSUs</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019_ab206be8-280d-4724-bf05-78cb6a664007_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price (in dollars per share)</link:label>
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    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit_03411f0e-af10-44d0-92f9-9b2c8617bdc6_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of common shares redeemable from each RSU (in shares)</link:label>
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    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_c63cdd39-69ee-4026-b5fd-74978583d575_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
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    <link:label id="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestment_2574e364-6580-4994-b7ce-95da144f258f_terseLabel_en-US" xlink:label="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance as of June 30, 2024 after allocation of equity method loss to LTI</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestment" xlink:to="lab_ptv_FinancialAssetsAtFairValueAfterEquityMethodInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_18c2cf8c-637a-49a4-86de-e87c1dc31491_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_90ce338e-e798-410b-aef1-f2d26523d3e3_periodStartLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at beginning of year</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_5202ff5f-6abe-40cd-a032-ef289c85182e_periodEndLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at end of period</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents" xlink:to="lab_ifrs-full_CashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StatementOfCashFlowsTable_65188554-53b6-4fc5-9ce4-450487ac1894_terseLabel_en-US" xlink:label="lab_ptv_StatementOfCashFlowsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement Of Cash Flows [Table]</link:label>
    <link:label id="lab_ptv_StatementOfCashFlowsTable_label_en-US" xlink:label="lab_ptv_StatementOfCashFlowsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Of Cash Flows [Table]</link:label>
    <link:label id="lab_ptv_StatementOfCashFlowsTable_documentation_en-US" xlink:label="lab_ptv_StatementOfCashFlowsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Statement Of Cash Flows [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StatementOfCashFlowsTable" xlink:href="ptv-20240630.xsd#ptv_StatementOfCashFlowsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StatementOfCashFlowsTable" xlink:to="lab_ptv_StatementOfCashFlowsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_780fee40-a0b1-40c6-ae09-5f775d39ee33_terseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 3 of fair value hierarchy</link:label>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_5014f4f6-172e-45f9-a19c-30f938fe0e17_verboseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Level 3</link:label>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 3 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueAbstract_label_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueAbstract_documentation_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueAbstract" xlink:href="ptv-20240630.xsd#ptv_InvestmentsHeldAtFairValueAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsHeldAtFairValueAbstract" xlink:to="lab_ptv_InvestmentsHeldAtFairValueAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts_c8a45316-dd42-4524-a68b-60992dacec31_verboseLabel_en-US" xlink:label="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on foreign currency exchange</link:label>
    <link:label id="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts_label_en-US" xlink:label="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain Loss on foreign currency exchange in finance costs</link:label>
    <link:label id="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts_documentation_en-US" xlink:label="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain Loss on foreign currency exchange in finance costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts" xlink:href="ptv-20240630.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_ad2fc543-c6db-42de-b2ee-962d91db21a1_terseLabel_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vor</link:label>
    <link:label id="lab_ptv_VorMember_label_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vor [Member]</link:label>
    <link:label id="lab_ptv_VorMember_documentation_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vor</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VorMember" xlink:href="ptv-20240630.xsd#ptv_VorMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VorMember" xlink:to="lab_ptv_VorMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_0c463c7d-493f-47a2-a7e9-df879e887c02_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in Associates</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_ad3cda6e-39db-4caf-8de5-c81a6a012729_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investment in Notes from Associates</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of associates [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MaturityAxis_f4c22a11-6e26-4894-bce9-7f38b5aa7ff1_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity [axis]</link:label>
    <link:label id="lab_ifrs-full_MaturityAxis_label_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MaturityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityAxis" xlink:to="lab_ifrs-full_MaturityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_68240a35-b14e-4c93-8b59-3c682ebc14c6_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity and liabilities</link:label>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_label_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="lab_ifrs-full_EquityAndLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UnobservableInputsDomain_eb573f7a-9f0c-46a3-a781-a47602402245_terseLabel_en-US" xlink:label="lab_ifrs-full_UnobservableInputsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unobservable inputs</link:label>
    <link:label id="lab_ifrs-full_UnobservableInputsDomain_label_en-US" xlink:label="lab_ifrs-full_UnobservableInputsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unobservable inputs [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnobservableInputsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_UnobservableInputsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsDomain" xlink:to="lab_ifrs-full_UnobservableInputsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_2e033574-35ac-4f31-9c29-3f577d425e2e_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issued ordinary shares at January 1 (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_d329ee95-bd37-4253-b7b1-cc262e6c4b86_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of shares outstanding</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesOutstanding" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NumberOfSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesOutstanding" xlink:to="lab_ifrs-full_NumberOfSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsTable_b03f4f6c-4752-420b-8dd0-8dd352cb7b86_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Table]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsTable_label_en-US" xlink:label="lab_ptv_NonControllingInterestsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Table]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsTable_documentation_en-US" xlink:label="lab_ptv_NonControllingInterestsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsTable" xlink:href="ptv-20240630.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_ptv_SondeMember_d65cc02c-804a-41b2-bbbb-0800eea78d61_terseLabel_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sonde</link:label>
    <link:label id="lab_ptv_SondeMember_label_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sonde [Member]</link:label>
    <link:label id="lab_ptv_SondeMember_documentation_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sonde</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SondeMember" xlink:href="ptv-20240630.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_dei_AmendmentFlag_e0f4aeda-799e-4ca9-8bff-61c95fd2da52_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_23017667-eb31-41f4-842b-90912eee1f48_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from operating activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) operating activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_91059677-6938-490c-a5b7-0133aeb15224_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_984aa8fe-fe94-4cc2-aebf-cd60125862d7_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense on lease liability</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:to="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceSharePlanMember_891956fd-c1b9-45c1-8362-a61707e5c4c9_terseLabel_en-US" xlink:label="lab_ptv_PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance share plan</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanMember_label_en-US" xlink:label="lab_ptv_PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance Share Plan [Member]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanMember_documentation_en-US" xlink:label="lab_ptv_PerformanceSharePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance Share Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceSharePlanMember" xlink:href="ptv-20240630.xsd#ptv_PerformanceSharePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceSharePlanMember" xlink:to="lab_ptv_PerformanceSharePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxAssetsCurrent_c9b0a344-2cd3-4991-952b-ce7f02be9485_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax receivable</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxAssetsCurrent_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax assets, current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssetsCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentTaxAssetsCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxAssetsCurrent" xlink:to="lab_ifrs-full_CurrentTaxAssetsCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:to="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleNoteReceivableMember_841dce20-b9a1-40e0-a9d8-81aa04e8e0bf_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible note receivable</link:label>
    <link:label id="lab_ptv_ConvertibleNoteReceivableMember_label_en-US" xlink:label="lab_ptv_ConvertibleNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Note Receivable [Member]</link:label>
    <link:label id="lab_ptv_ConvertibleNoteReceivableMember_documentation_en-US" xlink:label="lab_ptv_ConvertibleNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Note Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNoteReceivableMember" xlink:href="ptv-20240630.xsd#ptv_ConvertibleNoteReceivableMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNoteReceivableMember" xlink:to="lab_ptv_ConvertibleNoteReceivableMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingExpense_7c2c1a66-e727-4868-90c9-72572acada80_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total operating 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" xml:lang="en-US">Operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OperatingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OperatingExpense" xlink:to="lab_ifrs-full_OperatingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_4edbdf37-f4a6-495b-bbe0-d2ebccad5423_totalLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net finance income/(costs)</link:label>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_af0d88fd-5c01-4e5a-92f8-76fef24ecd0a_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net finance income/(costs)</link:label>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_label_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income (cost)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinanceIncomeCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeCost" xlink:to="lab_ifrs-full_FinanceIncomeCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod_1b47283f-230b-4cf8-b5fb-1b1d468dc68a_terseLabel_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sensitivity range, decrease</link:label>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod_label_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis For Types Of Market Risk, Reasonably Possible Decrease In Risk Variable, Period</link:label>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod_documentation_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis For Types Of Market Risk, Reasonably Possible Decrease In Risk Variable, Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod" xlink:href="ptv-20240630.xsd#ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod"/>
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    <link:label id="lab_ptv_ContractualInterestExpenseOnNotes_149e61f5-eb9c-47d3-9b43-16cd9bddb12f_negatedTerseLabel_en-US" xlink:label="lab_ptv_ContractualInterestExpenseOnNotes" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Contractual interest expense on notes payable</link:label>
    <link:label id="lab_ptv_ContractualInterestExpenseOnNotes_label_en-US" xlink:label="lab_ptv_ContractualInterestExpenseOnNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual Interest expense on notes</link:label>
    <link:label id="lab_ptv_ContractualInterestExpenseOnNotes_documentation_en-US" xlink:label="lab_ptv_ContractualInterestExpenseOnNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contractual Interest expense on notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ContractualInterestExpenseOnNotes" xlink:href="ptv-20240630.xsd#ptv_ContractualInterestExpenseOnNotes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ContractualInterestExpenseOnNotes" xlink:to="lab_ptv_ContractualInterestExpenseOnNotes" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare_f626b67c-d6de-4827-b5c5-2bc183814a6c_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Award settlement, price per share</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare_label_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Award Settlement, Price Per Share</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare_documentation_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Award Settlement, Price Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:href="ptv-20240630.xsd#ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:to="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesBalancesTable_2bb3f3fd-8759-4314-a59e-60d8e78db7e5_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesBalancesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares Balances [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesBalancesTable_label_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesBalancesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares Balances [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesBalancesTable_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesBalancesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares Balances [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesBalancesTable" xlink:href="ptv-20240630.xsd#ptv_SubsidiaryPreferredSharesBalancesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPreferredSharesBalancesTable" xlink:to="lab_ptv_SubsidiaryPreferredSharesBalancesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock_dd4a3c0c-a9de-4ba6-a519-bdf1a65385f8_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Trade and Other Payables</link:label>
    <link:label id="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Trade And Other Payables [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Trade And Other Payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:to="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleNotesMember_4f0e5e7a-f42f-4f70-af2e-8432c9bae262_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible notes</link:label>
    <link:label id="lab_ptv_ConvertibleNotesMember_label_en-US" xlink:label="lab_ptv_ConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Notes [Member]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesMember_documentation_en-US" xlink:label="lab_ptv_ConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNotesMember" xlink:href="ptv-20240630.xsd#ptv_ConvertibleNotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNotesMember" xlink:to="lab_ptv_ConvertibleNotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MaturityDomain_d26bbc02-8e9d-4941-8af1-0d515d73db8e_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregated time bands</link:label>
    <link:label id="lab_ifrs-full_MaturityDomain_label_en-US" xlink:label="lab_ifrs-full_MaturityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MaturityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityDomain" xlink:to="lab_ifrs-full_MaturityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_99ec4c48-2f31-4ade-abca-92d47233b25c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax benefit/(expense)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_60003e17-4427-435d-a7b3-a1f10c8b7639_netLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Tax provision</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_3cca8be9-acfc-49e0-b118-5856520bfe8f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Operating Segments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_4ee0b566-ca5f-4478-a63c-188bbc39695a_negatedLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchases of short-term investments</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of financial instruments, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
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    <link:label id="lab_ptv_RoyaltyLiabilities_f5d0f73b-d2cc-4291-878e-69628f0033f9_terseLabel_en-US" xlink:label="lab_ptv_RoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Royalty Liabilities</link:label>
    <link:label id="lab_ptv_RoyaltyLiabilities_label_en-US" xlink:label="lab_ptv_RoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Royalty Liabilities</link:label>
    <link:label id="lab_ptv_RoyaltyLiabilities_documentation_en-US" xlink:label="lab_ptv_RoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Royalty Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RoyaltyLiabilities" xlink:href="ptv-20240630.xsd#ptv_RoyaltyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltyLiabilities" xlink:to="lab_ptv_RoyaltyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember_7434771a-54aa-4195-b669-24dd6dd02e88_terseLabel_en-US" xlink:label="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior secured convertible promissory note</link:label>
    <link:label id="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember_label_en-US" xlink:label="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Secured Convertible Promissory Note [Member]</link:label>
    <link:label id="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember_documentation_en-US" xlink:label="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Senior Secured Convertible Promissory Note</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:href="ptv-20240630.xsd#ptv_SeniorSecuredConvertiblePromissoryNoteMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:to="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_ca44f8f4-327c-4987-b825-1e3d9f88a500_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk-free interest rate</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk free interest rate, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:to="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_2f2929b9-d6ef-4078-a087-8960359473cb_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through other changes, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueTable_82f16218-831a-4e23-aa35-2738f4206675_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Table]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueTable_label_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Table]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueTable_documentation_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueTable" xlink:href="ptv-20240630.xsd#ptv_InvestmentsHeldAtFairValueTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsHeldAtFairValueTable" xlink:to="lab_ptv_InvestmentsHeldAtFairValueTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares_7938a0f7-be4c-4b22-b9d6-9d74a35fdeec_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of subsidiary preferred Shares</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issue of preference shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProceedsFromIssueOfPreferenceShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:to="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShortTermNoteFromAssociateMember_7661c023-704e-4b38-aaf5-83ce1af8e843_terseLabel_en-US" xlink:label="lab_ptv_ShortTermNoteFromAssociateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in notes from associates</link:label>
    <link:label id="lab_ptv_ShortTermNoteFromAssociateMember_label_en-US" xlink:label="lab_ptv_ShortTermNoteFromAssociateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term note from associate [Member]</link:label>
    <link:label id="lab_ptv_ShortTermNoteFromAssociateMember_documentation_en-US" xlink:label="lab_ptv_ShortTermNoteFromAssociateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Short-term note from associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermNoteFromAssociateMember" xlink:href="ptv-20240630.xsd#ptv_ShortTermNoteFromAssociateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermNoteFromAssociateMember" xlink:to="lab_ptv_ShortTermNoteFromAssociateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareOfProfitLossAccountedForUsingEquityMethod_f3885266-6329-49c1-bbe3-6bd85edc814e_terseLabel_en-US" xlink:label="lab_ptv_ShareOfProfitLossAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity method loss recorded against LTI</link:label>
    <link:label id="lab_ptv_ShareOfProfitLossAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ptv_ShareOfProfitLossAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Of Profit (Loss) Accounted For Using Equity Method</link:label>
    <link:label id="lab_ptv_ShareOfProfitLossAccountedForUsingEquityMethod_documentation_en-US" xlink:label="lab_ptv_ShareOfProfitLossAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share Of Profit (Loss) Accounted For Using Equity Method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareOfProfitLossAccountedForUsingEquityMethod" xlink:href="ptv-20240630.xsd#ptv_ShareOfProfitLossAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareOfProfitLossAccountedForUsingEquityMethod" xlink:to="lab_ptv_ShareOfProfitLossAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable_5983cb49-889b-490c-8f7f-994fb8ac7150_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of aggregation of subsidiaries with material non-controlling interests before intra-group eliminations [Table]</link:label>
    <link:label id="lab_ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable_label_en-US" xlink:label="lab_ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of aggregation of subsidiaries with material non-controlling interests before intra-group eliminations [Table]</link:label>
    <link:label id="lab_ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable_documentation_en-US" xlink:label="lab_ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary of aggregation of subsidiaries with material non-controlling interests before intra-group eliminations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable" xlink:href="ptv-20240630.xsd#ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable" xlink:to="lab_ptv_SummaryOfAggregationOfSubsidiariesWithMaterialNonControllingInterestsBeforeIntraGroupEliminationsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SubsidiariesWithMaterialNoncontrollingInterestsMember_b90712c9-f9c1-4d62-90cb-c735198b535c_terseLabel_en-US" xlink:label="lab_ifrs-full_SubsidiariesWithMaterialNoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiaries with material non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_SubsidiariesWithMaterialNoncontrollingInterestsMember_label_en-US" xlink:label="lab_ifrs-full_SubsidiariesWithMaterialNoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries with material non-controlling interests [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SubsidiariesWithMaterialNoncontrollingInterestsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SubsidiariesWithMaterialNoncontrollingInterestsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SubsidiariesWithMaterialNoncontrollingInterestsMember" xlink:to="lab_ifrs-full_SubsidiariesWithMaterialNoncontrollingInterestsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_3fc52100-3290-47c4-8574-b0f48cb48457_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share price at grant date</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average share price, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:to="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet_b88722d3-4967-447d-8965-f04d55e25eb3_terseLabel_en-US" xlink:label="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities from share based payment transactions, performance and market conditions met</link:label>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet_label_en-US" xlink:label="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities From Share based Payment Transactions, performance and market conditions met</link:label>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet_documentation_en-US" xlink:label="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities From Share based Payment Transactions, performance and market conditions met</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:href="ptv-20240630.xsd#ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:to="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_0346d38c-9887-4da0-be8a-98523e412c9a_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payment expense</link:label>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_label_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense from share-based payment transactions with employees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod_04851cc7-f50e-4277-993a-c8520d0f56f0_terseLabel_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sensitivity range, increase</link:label>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod_label_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis For Types Of Market Risk, Reasonably Possible Increase In Risk Variable, Period</link:label>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod_documentation_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis For Types Of Market Risk, Reasonably Possible Increase In Risk Variable, Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod" xlink:href="ptv-20240630.xsd#ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod" xlink:to="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentInAssociatesAbstract_291d4eec-5a9d-4e2e-b531-3b438b263c79_terseLabel_en-US" xlink:label="lab_ptv_InvestmentInAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Associates [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentInAssociatesAbstract_label_en-US" xlink:label="lab_ptv_InvestmentInAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment in Associates [Abstract]</link:label>
    <link:label id="lab_ptv_InvestmentInAssociatesAbstract_documentation_en-US" xlink:label="lab_ptv_InvestmentInAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in Associates [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentInAssociatesAbstract" xlink:href="ptv-20240630.xsd#ptv_InvestmentInAssociatesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentInAssociatesAbstract" xlink:to="lab_ptv_InvestmentInAssociatesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeStatementAbstract_label_en-US" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit or loss [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeStatementAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncomeStatementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeStatementAbstract" xlink:to="lab_ifrs-full_IncomeStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VedantaAndSondeMember_3da6fc67-2195-442d-9401-e20f6e81f8ca_terseLabel_en-US" xlink:label="lab_ptv_VedantaAndSondeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vedanta and Sonde</link:label>
    <link:label id="lab_ptv_VedantaAndSondeMember_label_en-US" xlink:label="lab_ptv_VedantaAndSondeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vedanta And Sonde [Member]</link:label>
    <link:label id="lab_ptv_VedantaAndSondeMember_documentation_en-US" xlink:label="lab_ptv_VedantaAndSondeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vedanta And Sonde</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaAndSondeMember" xlink:href="ptv-20240630.xsd#ptv_VedantaAndSondeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VedantaAndSondeMember" xlink:to="lab_ptv_VedantaAndSondeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TreasuryShares_4450ccc0-81d6-4f72-84f9-0c7b9befb281_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Treasury stock</link:label>
    <link:label id="lab_ifrs-full_TreasuryShares_label_en-US" xlink:label="lab_ifrs-full_TreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasuryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasuryShares" xlink:to="lab_ifrs-full_TreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IssuanceOfWarrants_015e94ee-02c7-4918-9a02-a582c3857d7f_terseLabel_en-US" xlink:label="lab_ptv_IssuanceOfWarrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of ordinary shares</link:label>
    <link:label id="lab_ptv_IssuanceOfWarrants_label_en-US" xlink:label="lab_ptv_IssuanceOfWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance of warrants</link:label>
    <link:label id="lab_ptv_IssuanceOfWarrants_documentation_en-US" xlink:label="lab_ptv_IssuanceOfWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issuance of warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IssuanceOfWarrants" xlink:href="ptv-20240630.xsd#ptv_IssuanceOfWarrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IssuanceOfWarrants" xlink:to="lab_ptv_IssuanceOfWarrants" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_105427bb-d8ba-4f85-a1d3-9bc0e33f4b35_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other receivables</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for decrease (increase) in trade and other receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables"/>
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    <link:label id="lab_ptv_NonControllingInterestsLineItems_7d7df637-ee3e-4684-8500-5121421be869_terseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Line Items]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsLineItems_label_en-US" xlink:label="lab_ptv_NonControllingInterestsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests [Line Items]</link:label>
    <link:label id="lab_ptv_NonControllingInterestsLineItems_documentation_en-US" xlink:label="lab_ptv_NonControllingInterestsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-Controlling Interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsLineItems" xlink:href="ptv-20240630.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_ifrs-full_WeightedAverageShares_190a830b-b713-427f-b3ea-aeede92c1fe9_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average ordinary shares for basic EPS (in shares)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_WeightedAverageShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageShares" xlink:to="lab_ifrs-full_WeightedAverageShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceTable_0d106c3e-1d1b-484f-b735-d667de7e0b72_terseLabel_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Table]</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceTable_label_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Table]</link:label>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceTable_documentation_en-US" xlink:label="lab_ptv_MinimumLiquidationPreferenceTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Minimum liquidation preference [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MinimumLiquidationPreferenceTable" xlink:href="ptv-20240630.xsd#ptv_MinimumLiquidationPreferenceTable"/>
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    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability_33dcf03f-4b61-43a2-a797-e41dd8748966_terseLabel_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) from 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" xml:lang="en-US">Gain/(Loss) from change in fair value of warrant liability</link:label>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability_documentation_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain/(Loss) from change in fair value of warrant liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:href="ptv-20240630.xsd#ptv_GainLossFromChangeInFairValueOfWarrantLiability"/>
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_b232b278-d3ca-4c52-9e00-5846a3a7e403_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term employee benefits</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, short-term employee benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits"/>
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    <link:label id="lab_ifrs-full_ProceedsFromExerciseOfOptions_0408ddc9-2939-47f8-8d59-039183ae9d28_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise of stock options</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromExerciseOfOptions_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from exercise of options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromExerciseOfOptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProceedsFromExerciseOfOptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromExerciseOfOptions" xlink:to="lab_ifrs-full_ProceedsFromExerciseOfOptions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TopOfRangeMember_7f65653a-3927-4cc4-ab19-d28ea496db6c_terseLabel_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Top of range</link:label>
    <link:label id="lab_ifrs-full_TopOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Top of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TopOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TopOfRangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TopOfRangeMember" xlink:to="lab_ifrs-full_TopOfRangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxationTable_a1700c44-7d01-4f82-932e-16f9ead57966_terseLabel_en-US" xlink:label="lab_ptv_TaxationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation [Table]</link:label>
    <link:label id="lab_ptv_TaxationTable_label_en-US" xlink:label="lab_ptv_TaxationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxation [Table]</link:label>
    <link:label id="lab_ptv_TaxationTable_documentation_en-US" xlink:label="lab_ptv_TaxationTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxationTable" xlink:href="ptv-20240630.xsd#ptv_TaxationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxationTable" xlink:to="lab_ptv_TaxationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_f1f85625-c9a7-452c-ade2-57ccdf72b8d0_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income, attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MarketBacksolveOPMMember_b4b9eb13-9d45-4c63-99cd-3981094f4bc9_terseLabel_en-US" xlink:label="lab_ptv_MarketBacksolveOPMMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market Backsolve &amp; OPM</link:label>
    <link:label id="lab_ptv_MarketBacksolveOPMMember_label_en-US" xlink:label="lab_ptv_MarketBacksolveOPMMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Market Backsolve &amp; OPM [Member]</link:label>
    <link:label id="lab_ptv_MarketBacksolveOPMMember_documentation_en-US" xlink:label="lab_ptv_MarketBacksolveOPMMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Market Backsolve &amp; OPM</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MarketBacksolveOPMMember" xlink:href="ptv-20240630.xsd#ptv_MarketBacksolveOPMMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MarketBacksolveOPMMember" xlink:to="lab_ptv_MarketBacksolveOPMMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLeaseLiabilities_24f57232-aa99-4651-9297-fbe7855e99aa_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, current</link:label>
    <link:label id="lab_ifrs-full_CurrentLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CurrentLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLeaseLiabilities" xlink:to="lab_ifrs-full_CurrentLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfTreasuryShares_836118d3-a527-46eb-8ed8-c7d15873521c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of Treasury stock</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfTreasuryShares_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfTreasuryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PurchaseOfTreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfTreasuryShares" xlink:to="lab_ifrs-full_PurchaseOfTreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpectedDividendShareOptionsGranted_e511ca25-a342-4aa3-b608-5f2a039e5a5a_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected dividend yield</link:label>
    <link:label id="lab_ifrs-full_ExpectedDividendShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected dividend, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExpectedDividendShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:to="lab_ifrs-full_ExpectedDividendShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_44509b80-fa19-4278-b7e9-c9dab6e37a35_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payment expense</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Key management personnel compensation, share-based payment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment"/>
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    <link:label id="lab_ifrs-full_SharePremium_ad1fcf12-af10-4d5f-84d1-d17c3f1b6d4b_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremium" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share premium</link:label>
    <link:label id="lab_ifrs-full_SharePremium_label_en-US" xlink:label="lab_ifrs-full_SharePremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share premium</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremium" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_SharePremium"/>
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    <link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_0bec2c89-fc96-466e-a882-03f5bf21027a_negatedLabel_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Research and development expenses</link:label>
    <link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_3cfa35b3-7d84-4456-b15e-34a83ac79fe1_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Research and development expenses</link:label>
    <link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_label_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Research and development expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ResearchAndDevelopmentExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ResearchAndDevelopmentExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ResearchAndDevelopmentExpense" xlink:to="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain_63b3ad48-777d-4dac-8b81-d8c0fe6e078c_terseLabel_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation techniques</link:label>
    <link:label id="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain_label_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation techniques used in fair value measurement [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain"/>
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    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward_c7acb367-320d-4fa1-a573-e8ad2c453915_terseLabel_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Roll Forward]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward_label_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares [Roll Forward]</link:label>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward_documentation_en-US" xlink:label="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in the value of subsidiary preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:href="ptv-20240630.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_ifrs-full_RevenueFromContractsWithCustomers_793f242a-9096-40fa-8033-92bcc143c871_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contract revenue</link:label>
    <link:label id="lab_ifrs-full_RevenueFromContractsWithCustomers_label_en-US" xlink:label="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from contracts with customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromContractsWithCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RevenueFromContractsWithCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromContractsWithCustomers" xlink:to="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding_014b752d-b23b-46bd-a216-7bd66d9c3c89_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payment arrangements, percentage of common shares outstanding</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangements, Authorized Amount, Percentage of Common Shares Outstanding</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payment Arrangements, Authorized Amount, Percentage of Common Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:href="ptv-20240630.xsd#ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:to="lab_ptv_ShareBasedPaymentArrangementsAuthorizedAmountPercentageOfCommonSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_0ef998e6-0c98-4b22-82cb-1a6640c7403e_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) before taxes</link:label>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_ifrs-full_ProfitLossBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock_5bf67787-b95b-4a60-82fe-8d9d9cf128af_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Sale of Future Royalties Liability</link:label>
    <link:label id="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Royalty Liabilities [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Royalty Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:to="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualCapitalCommitments_3d1a6827-7d88-4698-83e0-e7e05d95f3f8_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-cancellable contractual commitments</link:label>
    <link:label id="lab_ifrs-full_ContractualCapitalCommitments_label_en-US" xlink:label="lab_ifrs-full_ContractualCapitalCommitments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual capital commitments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualCapitalCommitments" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ContractualCapitalCommitments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractualCapitalCommitments" xlink:to="lab_ifrs-full_ContractualCapitalCommitments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EstablishmentOfNewEntitiesMember_547f4fa6-2ebb-49f7-8bef-c2cdb8db670e_terseLabel_en-US" xlink:label="lab_ptv_EstablishmentOfNewEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Establishment of new entities</link:label>
    <link:label id="lab_ptv_EstablishmentOfNewEntitiesMember_label_en-US" xlink:label="lab_ptv_EstablishmentOfNewEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Establishment Of New Entities [Member]</link:label>
    <link:label id="lab_ptv_EstablishmentOfNewEntitiesMember_documentation_en-US" xlink:label="lab_ptv_EstablishmentOfNewEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Establishment Of New Entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EstablishmentOfNewEntitiesMember" xlink:href="ptv-20240630.xsd#ptv_EstablishmentOfNewEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EstablishmentOfNewEntitiesMember" xlink:to="lab_ptv_EstablishmentOfNewEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares_53779d80-f3d5-4af9-855f-1a726edf051a_terseLabel_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) from change in fair value of preferred shares</link:label>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares_label_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain/(Loss) from change in fair value of preferred shares</link:label>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares_documentation_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain/(Loss) from change in fair value of preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:href="ptv-20240630.xsd#ptv_GainLossFromChangeInFairValueOfPreferredShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:to="lab_ptv_GainLossFromChangeInFairValueOfPreferredShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock_e6a99396-d696-4516-8dcc-94d6a3288974_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Subsidiary Preferred Share Balances</link:label>
    <link:label id="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Subsidiary Preferred Shares Balances [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary of Subsidiary Preferred Shares Balances</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock" xlink:to="lab_ptv_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_4d353fed-c467-48a0-bcac-88f242cfac8a_negatedLabel_en-US" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses</link:label>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_cdbb7b18-99ec-4410-9234-3c908be9deb2_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses</link:label>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_b86b5760-958c-4878-8840-f038594cd72a_terseLabel_en-US" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses</link:label>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_label_en-US" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and administrative expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeneralAndAdministrativeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_GeneralAndAdministrativeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeneralAndAdministrativeExpense" xlink:to="lab_ifrs-full_GeneralAndAdministrativeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MeasurementAxis_9dd6bf83-a85f-4e7f-aec8-462bfe2a55fa_terseLabel_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Measurement [axis]</link:label>
    <link:label id="lab_ifrs-full_MeasurementAxis_label_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_MeasurementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementAxis" xlink:to="lab_ifrs-full_MeasurementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangeInFairValue_cb8667a1-9ba8-491e-bb04-db7762db92ce_verboseLabel_en-US" xlink:label="lab_ptv_ChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Increase/(decrease) in value of preferred shares measured at fair value</link:label>
    <link:label id="lab_ptv_ChangeInFairValue_e8926a81-9b15-4c5b-a636-04d392a3a163_terseLabel_en-US" xlink:label="lab_ptv_ChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value</link:label>
    <link:label id="lab_ptv_ChangeInFairValue_label_en-US" xlink:label="lab_ptv_ChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change in fair value</link:label>
    <link:label id="lab_ptv_ChangeInFairValue_documentation_en-US" xlink:label="lab_ptv_ChangeInFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Change in fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangeInFairValue" xlink:href="ptv-20240630.xsd#ptv_ChangeInFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangeInFairValue" xlink:to="lab_ptv_ChangeInFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccountingPolicies1Abstract_da633b8d-de79-4367-91bd-dd6e39cbbabc_terseLabel_en-US" xlink:label="lab_ptv_AccountingPolicies1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting policies, changes in accounting estimates and errors [Abstract]</link:label>
    <link:label id="lab_ptv_AccountingPolicies1Abstract_label_en-US" xlink:label="lab_ptv_AccountingPolicies1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies 1 [Abstract]</link:label>
    <link:label id="lab_ptv_AccountingPolicies1Abstract_documentation_en-US" xlink:label="lab_ptv_AccountingPolicies1Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accounting Policies 1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPolicies1Abstract" xlink:href="ptv-20240630.xsd#ptv_AccountingPolicies1Abstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccountingPolicies1Abstract" xlink:to="lab_ptv_AccountingPolicies1Abstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_e7c39dc0-fed1-445d-b9f0-0cfe7386b426_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <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" 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/2024/dei-2024.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_ifrs-full_IssuedCapitalMember_4164f25e-d78b-41a6-9422-60e31b9967cb_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Capital</link:label>
    <link:label id="lab_ifrs-full_IssuedCapitalMember_label_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IssuedCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapitalMember" xlink:to="lab_ifrs-full_IssuedCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_22e191ba-cbd7-4c2f-b8de-f604131523bd_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of property and equipment</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of property, plant and equipment, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherPayablesAbstract_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherPayablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other payables [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayablesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_TradeAndOtherPayablesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherPayablesAbstract" xlink:to="lab_ifrs-full_TradeAndOtherPayablesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems_7e249465-0996-4a28-8aa3-bf68c6ccad44_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Line Items]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems_label_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Line Items]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems_documentation_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:href="ptv-20240630.xsd#ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:to="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember_f0eada6a-698d-40ec-b259-681ceb1ac444_terseLabel_en-US" xlink:label="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total share-based payments expense category</link:label>
    <link:label id="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember_label_en-US" xlink:label="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Share-based Payments Expense Category [Member]</link:label>
    <link:label id="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember_documentation_en-US" xlink:label="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Share-based Payments Expense Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:href="ptv-20240630.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_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_7b05421e-cc1d-44e3-944f-5765b42ca31c_terseLabel_en-US" xlink:label="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise price range (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_label_en-US" xlink:label="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise price of outstanding share options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ExercisePriceOfOutstandingShareOptions2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:to="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_9e102947-234b-4c05-af81-cec62f503e16_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2024/dei-2024.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_86083a60-5c6a-41d6-8351-37fe1e6fc90c_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effect of dilutive shares (in shares)</link:label>
    <link:label id="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_label_en-US" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dilutive effect of share options on weighted average number of ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfEquityTextBlock_ab2702cb-548d-4a34-8d8e-b66bdc98af09_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfEquityTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ptv_DisclosureOfEquityTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfEquityTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Equity [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfEquityTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfEquityTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfEquityTextBlock" xlink:href="ptv-20240630.xsd#ptv_DisclosureOfEquityTextBlock"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForFairValueGainsLosses_a802f30d-9724-4a23-8cbf-2effba643ea5_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Gain)/loss on investment held at fair value</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForFairValueGainsLosses_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for fair value losses (gains)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForFairValueGainsLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:to="lab_ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForSharebasedPayments_b810e149-714a-49b1-9c27-ef9ffffb7ad2_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based compensation expense</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForSharebasedPayments_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for share-based payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForSharebasedPayments" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForSharebasedPayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_0806115d-0ba3-47a6-9b72-ec85138a6fbb_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings/ (accumulated deficit)</link:label>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_label_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarningsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_RetainedEarningsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarningsMember" xlink:to="lab_ifrs-full_RetainedEarningsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_71b624bf-a519-49ba-bf7c-bebf279313b3_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other inflows (outflows) of cash, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_c5c6129e-1ecd-4548-ad0f-3ed3ab036496_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Realized gain on sale of investments</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for losses (gains) on disposal of non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_3e489027-ff90-44dd-9010-0592024fcd09_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) attributable to the owners of the Group, basic</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:to="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceCostsAbstract_901cfdd6-7012-4876-bdd8-afc3c08b6574_terseLabel_en-US" xlink:label="lab_ptv_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance costs</link:label>
    <link:label id="lab_ptv_FinanceCostsAbstract_label_en-US" xlink:label="lab_ptv_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance costs [Abstract]</link:label>
    <link:label id="lab_ptv_FinanceCostsAbstract_documentation_en-US" xlink:label="lab_ptv_FinanceCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceCostsAbstract" xlink:href="ptv-20240630.xsd#ptv_FinanceCostsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceCostsAbstract" xlink:to="lab_ptv_FinanceCostsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssueOfEquity_36eae65b-2d51-48e4-b564-31678139b679_verboseLabel_en-US" xlink:label="lab_ifrs-full_IssueOfEquity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Issuance of 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" xml:lang="en-US">Issue of equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssueOfEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IssueOfEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssueOfEquity" xlink:to="lab_ifrs-full_IssueOfEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests_510354e4-8ee4-4271-b6f5-6ef2320f39c8_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" 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" xml:lang="en-US">Proportion of ownership interests held by non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherAssetsAndLiabilitiesNet_558e72dc-4360-4421-9bb1-d5b7038d0ced_negatedTerseLabel_en-US" xlink:label="lab_ptv_OtherAssetsAndLiabilitiesNet" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other assets and liabilities, net</link:label>
    <link:label id="lab_ptv_OtherAssetsAndLiabilitiesNet_label_en-US" xlink:label="lab_ptv_OtherAssetsAndLiabilitiesNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets And Liabilities, Net</link:label>
    <link:label id="lab_ptv_OtherAssetsAndLiabilitiesNet_documentation_en-US" xlink:label="lab_ptv_OtherAssetsAndLiabilitiesNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Assets And Liabilities, Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherAssetsAndLiabilitiesNet" xlink:href="ptv-20240630.xsd#ptv_OtherAssetsAndLiabilitiesNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherAssetsAndLiabilitiesNet" xlink:to="lab_ptv_OtherAssetsAndLiabilitiesNet" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssets_dc775b25-5a1b-4e79-bc1b-a681d4d326a1_totalLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total non-current assets</link:label>
    <link:label id="lab_ifrs-full_NoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_NoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssets" xlink:to="lab_ifrs-full_NoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_ec9c3eea-5a5f-4593-ac19-6a95508b1770_totalLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income/(loss) for the period</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_a57e3e0e-f0a1-4f05-a531-2dc8432ac913_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income/(loss) for the year</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_eaddef2d-5004-49dd-a94c-47e4179ef1be_verboseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Share of comprehensive income (loss)</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="lab_ifrs-full_ComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock_d199268d-1611-413a-8d4e-bfa07781a1a6_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Directors&#8217; and Senior Managers&#8217; Shareholdings and Share Incentive Awards</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Information About Shareholdings of Key Management Personnel Explanatory [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Information About Shareholdings of Key Management Personnel Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:href="ptv-20240630.xsd#ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:to="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Equity_f9453c1f-4490-4d8e-950e-ed73b22312b8_totalLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total equity</link:label>
    <link:label id="lab_ifrs-full_Equity_919c29a5-a419-4191-a61b-2efb169297b7_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Equity at beginning of period</link:label>
    <link:label id="lab_ifrs-full_Equity_c12bfe16-afbc-475d-a70f-a1706a380965_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Equity at end of period</link:label>
    <link:label id="lab_ifrs-full_Equity_c9882e70-04b9-471c-9544-7027233a3c4c_terseLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total equity</link:label>
    <link:label id="lab_ifrs-full_Equity_label_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Equity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="lab_ifrs-full_Equity" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InterestIncomeOnSubleaseReceivable_7ebd5592-a4a0-44f9-8e7b-cc70a4c0114a_terseLabel_en-US" xlink:label="lab_ptv_InterestIncomeOnSubleaseReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest income on sublease receivable</link:label>
    <link:label id="lab_ptv_InterestIncomeOnSubleaseReceivable_label_en-US" xlink:label="lab_ptv_InterestIncomeOnSubleaseReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income On Sublease Receivable</link:label>
    <link:label id="lab_ptv_InterestIncomeOnSubleaseReceivable_documentation_en-US" xlink:label="lab_ptv_InterestIncomeOnSubleaseReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Income On Sublease Receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InterestIncomeOnSubleaseReceivable" xlink:href="ptv-20240630.xsd#ptv_InterestIncomeOnSubleaseReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InterestIncomeOnSubleaseReceivable" xlink:to="lab_ptv_InterestIncomeOnSubleaseReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceLeaseReceivables_92c60625-b1fb-4f53-962d-8ab761100d47_terseLabel_en-US" xlink:label="lab_ifrs-full_FinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sublease receivable</link:label>
    <link:label id="lab_ifrs-full_FinanceLeaseReceivables_label_en-US" xlink:label="lab_ifrs-full_FinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance lease receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceLeaseReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_FinanceLeaseReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceLeaseReceivables" xlink:to="lab_ifrs-full_FinanceLeaseReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceIncomeAbstract_4cd1fdd4-5ee2-4a3c-9891-dd30b471d91e_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:label id="lab_ptv_FinanceIncomeAbstract_label_en-US" xlink:label="lab_ptv_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income [Abstract]</link:label>
    <link:label id="lab_ptv_FinanceIncomeAbstract_documentation_en-US" xlink:label="lab_ptv_FinanceIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomeAbstract" xlink:href="ptv-20240630.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_NumberOfReportableSegment_73db6baf-94fc-4bea-894c-bb4cf45eac1c_terseLabel_en-US" xlink:label="lab_ptv_NumberOfReportableSegment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of reportable segments</link:label>
    <link:label id="lab_ptv_NumberOfReportableSegment_label_en-US" xlink:label="lab_ptv_NumberOfReportableSegment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Reportable Segment</link:label>
    <link:label id="lab_ptv_NumberOfReportableSegment_documentation_en-US" xlink:label="lab_ptv_NumberOfReportableSegment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Reportable Segment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfReportableSegment" xlink:href="ptv-20240630.xsd#ptv_NumberOfReportableSegment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfReportableSegment" xlink:to="lab_ptv_NumberOfReportableSegment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_b3b1fcbc-9316-4ba2-967b-bd97b51f37b7_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Translation reserve</link:label>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_label_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reserve of exchange differences on translation [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets_8f98f766-e460-405d-8a59-ad4367f8dfc2_terseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible decrease in unobservable input, assets</link:label>
    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets_label_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of reasonably possible decrease in unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:to="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants_31a63255-0470-4930-ae38-e75a669eab0d_terseLabel_en-US" xlink:label="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of warrants (in shares)</link:label>
    <link:label id="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants_label_en-US" xlink:label="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warrants, Number of Securities Called by Warrants</link:label>
    <link:label id="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants_documentation_en-US" xlink:label="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Warrants, Number of Securities Called by Warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:href="ptv-20240630.xsd#ptv_WarrantsNumberOfSecuritiesCalledByWarrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:to="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockIncentivePlanMember_54b38e34-c7ca-44be-b98f-1d4ff4e2abc0_terseLabel_en-US" xlink:label="lab_ptv_StockIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock incentive plan</link:label>
    <link:label id="lab_ptv_StockIncentivePlanMember_label_en-US" xlink:label="lab_ptv_StockIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Incentive Plan [Member]</link:label>
    <link:label id="lab_ptv_StockIncentivePlanMember_documentation_en-US" xlink:label="lab_ptv_StockIncentivePlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Incentive Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockIncentivePlanMember" xlink:href="ptv-20240630.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_Revenue_616585f5-fa50-40c4-9212-3e3a9f0f0219_totalLabel_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total revenue</link:label>
    <link:label id="lab_ifrs-full_Revenue_2b5d5a6e-570c-4a38-837c-1c98edf6f8d9_verboseLabel_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total revenue</link:label>
    <link:label id="lab_ifrs-full_Revenue_label_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Revenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_Revenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Revenue" xlink:to="lab_ifrs-full_Revenue" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueLineItems_76349c84-0ec6-4d32-835c-955c987a2bd5_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Line Items]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueLineItems_label_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Line Items]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueLineItems_documentation_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueLineItems" xlink:href="ptv-20240630.xsd#ptv_InvestmentsHeldAtFairValueLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsHeldAtFairValueLineItems" xlink:to="lab_ptv_InvestmentsHeldAtFairValueLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherIncomeexpenseAbstract_ef275819-5c4b-408c-8d60-00f25efcbf69_terseLabel_en-US" xlink:label="lab_ptv_OtherIncomeexpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income/(expense):</link:label>
    <link:label id="lab_ptv_OtherIncomeexpenseAbstract_label_en-US" xlink:label="lab_ptv_OtherIncomeexpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other income/(expense) [Abstract]</link:label>
    <link:label id="lab_ptv_OtherIncomeexpenseAbstract_documentation_en-US" xlink:label="lab_ptv_OtherIncomeexpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other income/(expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherIncomeexpenseAbstract" xlink:href="ptv-20240630.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_ptv_InvestmentsHeldAtFairValueMember_89b68d46-a680-4220-8190-d058d542246b_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueMember_label_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments held at fair value [Member]</link:label>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueMember_documentation_en-US" xlink:label="lab_ptv_InvestmentsHeldAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsHeldAtFairValueMember" xlink:href="ptv-20240630.xsd#ptv_InvestmentsHeldAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsHeldAtFairValueMember" xlink:to="lab_ptv_InvestmentsHeldAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_dcff13a1-ec90-4cbd-aacb-5262eeafa275_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net increase (decrease) in cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in cash and cash equivalents before effect of exchange rate changes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable_5ccce050-cf76-40bf-91bf-2c49048d216f_terseLabel_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Table]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable_label_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Table]</link:label>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable_documentation_en-US" xlink:label="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Instruments - Fair value Measurement and Classification [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable" xlink:href="ptv-20240630.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_DisclosureOfSharebasedPaymentArrangementsExplanatory_8e7b5790-9749-4445-8c98-fe2f39893ba4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of share-based payment arrangements [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory"/>
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    <link:label id="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards_951881a0-eee5-4e0e-b139-ed41118b3e74_terseLabel_en-US" xlink:label="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settlement of restricted stock units (in shares)</link:label>
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