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    <link:label id="lab_ptv_SubsidiaryNotesPayableMember_label_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable [Member]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableMember_documentation_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable</link:label>
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    <link:label id="lab_ptv_RestrictedShareUnitsRSUMember_label_en-US" xlink:label="lab_ptv_RestrictedShareUnitsRSUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Share Units (RSU) [Member]</link:label>
    <link:label id="lab_ptv_RestrictedShareUnitsRSUMember_documentation_en-US" xlink:label="lab_ptv_RestrictedShareUnitsRSUMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Restricted Share Units (RSU) [Member]</link:label>
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    <link:label id="lab_ptv_RateOfLossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfLossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of loss with respect to associate for which no deferred tax asset is recognized, reconciliation of effective tax rate</link:label>
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    <link:label id="lab_ptv_SubsidiaryOperatingCompaniesAbstract_label_en-US" xlink:label="lab_ptv_SubsidiaryOperatingCompaniesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary operating companies [Abstract]</link:label>
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    <link:label id="lab_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TreasurySharesMember"/>
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    <link:label id="lab_ptv_BristolMyersSquibbMember_label_en-US" xlink:label="lab_ptv_BristolMyersSquibbMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bristol Myers Squibb [Member]</link:label>
    <link:label id="lab_ptv_BristolMyersSquibbMember_documentation_en-US" xlink:label="lab_ptv_BristolMyersSquibbMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bristol Myers Squibb</link:label>
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    <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>
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    <link:label id="lab_ptv_IncomeTaxTypeAxis_label_en-US" xlink:label="lab_ptv_IncomeTaxTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Type [Axis]</link:label>
    <link:label id="lab_ptv_IncomeTaxTypeAxis_documentation_en-US" xlink:label="lab_ptv_IncomeTaxTypeAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income Tax Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncomeTaxTypeAxis" xlink:href="ptv-20231231.xsd#ptv_IncomeTaxTypeAxis"/>
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    <link:label id="lab_srt_EquityMethodInvesteeNameDomain_6797eec8-5e77-40e9-97e3-1ceffc6bf7c8_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>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_21bd400f-e77d-402d-b977-afb3defd0fb6_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Segments</link:label>
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    <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>
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    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_d0138a3d-1362-4f72-8359-20375ad54268_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options</link:label>
    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_label_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember"/>
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    <link:label id="lab_ptv_ExercisePriceRangeOneMember_86e26d7f-c312-4379-ba5c-6133c7d2264a_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">0.01</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeOneMember_label_en-US" xlink:label="lab_ptv_ExercisePriceRangeOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range One [Member]</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeOneMember_documentation_en-US" xlink:label="lab_ptv_ExercisePriceRangeOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range One [Member]</link:label>
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    <link:label id="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss_cccf4df9-1975-418f-ac74-27d0c658c773_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>
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    <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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_NoncurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfConvertibleDebt_9afaccd9-9865-4520-bf5f-08fa34da942b_terseLabel_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfConvertibleDebt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) from change in fair value of convertible debt</link:label>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfConvertibleDebt_label_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfConvertibleDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain/(Loss) from change in fair value of convertible debt</link:label>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfConvertibleDebt_documentation_en-US" xlink:label="lab_ptv_GainLossFromChangeInFairValueOfConvertibleDebt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain/(Loss) from change in fair value of convertible debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossFromChangeInFairValueOfConvertibleDebt" xlink:href="ptv-20231231.xsd#ptv_GainLossFromChangeInFairValueOfConvertibleDebt"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossFromChangeInFairValueOfConvertibleDebt" xlink:to="lab_ptv_GainLossFromChangeInFairValueOfConvertibleDebt" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_4013c8d3-8936-48c1-ba34-df95af56e120_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate_df5b57a3-307c-4f49-9092-30323f773d56_terseLabel_en-US" xlink:label="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nondeductible compensation</link:label>
    <link:label id="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Executive compensation, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Executive compensation, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_ExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WagesAndSalaries_6aabe661-5109-4db9-b1a7-1c9a9b8c84d0_terseLabel_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Salaries and wages</link:label>
    <link:label id="lab_ifrs-full_WagesAndSalaries_label_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wages and salaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WagesAndSalaries" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_WagesAndSalaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WagesAndSalaries" xlink:to="lab_ifrs-full_WagesAndSalaries" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_3a1ea77f-1491-4206-a871-1e081e91b5e1_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 loss on sale of investments</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for losses (gains) on disposal of non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_TaxEffectedMember_33b84b51-012d-4794-b94e-f247a99f2a0b_terseLabel_en-US" xlink:label="lab_ptv_TaxEffectedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax Effected</link:label>
    <link:label id="lab_ptv_TaxEffectedMember_label_en-US" xlink:label="lab_ptv_TaxEffectedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Effected [Member]</link:label>
    <link:label id="lab_ptv_TaxEffectedMember_documentation_en-US" xlink:label="lab_ptv_TaxEffectedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Effected</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxEffectedMember" xlink:href="ptv-20231231.xsd#ptv_TaxEffectedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxEffectedMember" xlink:to="lab_ptv_TaxEffectedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WithinThreeMonthsMember_90dc910c-9f6c-4a6c-a7f9-a35308605efc_terseLabel_en-US" xlink:label="lab_ptv_WithinThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Within Three Months</link:label>
    <link:label id="lab_ptv_WithinThreeMonthsMember_label_en-US" xlink:label="lab_ptv_WithinThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Within Three Months [Member]</link:label>
    <link:label id="lab_ptv_WithinThreeMonthsMember_documentation_en-US" xlink:label="lab_ptv_WithinThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Within Three Months</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WithinThreeMonthsMember" xlink:href="ptv-20231231.xsd#ptv_WithinThreeMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WithinThreeMonthsMember" xlink:to="lab_ptv_WithinThreeMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted_5c3b2ecf-834b-48cf-bf7c-71250a41a205_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_TradeAndOtherCurrentPayablesToTradeSuppliers_e2324edd-9bd4-4f57-a9ca-09b5d63940bb_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_DisclosureOfFinancialLiabilitiesLineItems_cf1272f6-71af-497d-8be9-67d035c1fd12_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_srt_DirectorMember_a3d3f0e5-e772-4c1f-823d-390f1dc7f0ac_terseLabel_en-US" xlink:label="lab_srt_DirectorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Director</link:label>
    <link:label id="lab_srt_DirectorMember_label_en-US" xlink:label="lab_srt_DirectorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Director [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_DirectorMember" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_DirectorMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_DirectorMember" xlink:to="lab_srt_DirectorMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EntregaAndVedantaMember_de980212-be7b-4d34-8c50-102a1ef79a96_terseLabel_en-US" xlink:label="lab_ptv_EntregaAndVedantaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entrega and Vedanta</link:label>
    <link:label id="lab_ptv_EntregaAndVedantaMember_label_en-US" xlink:label="lab_ptv_EntregaAndVedantaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entrega and Vedanta [Member]</link:label>
    <link:label id="lab_ptv_EntregaAndVedantaMember_documentation_en-US" xlink:label="lab_ptv_EntregaAndVedantaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Entrega and Vedanta</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EntregaAndVedantaMember" xlink:href="ptv-20231231.xsd#ptv_EntregaAndVedantaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EntregaAndVedantaMember" xlink:to="lab_ptv_EntregaAndVedantaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MinimumLiquidationPreference_4636cebc-c5d5-4c99-bdde-337ccfb49410_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-20231231.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_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_930f5278-ba0c-486b-81a2-bb05940fbb25_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ImpairmentLossRecognisedInProfitOrLoss_36dae420-ea7f-48fe-acd2-f4f612a50b08_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Impairment of investment in associates</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss_e3e88c53-321c-4920-900d-92f385db06b2_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment of investment in associates</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss_0f110005-da9f-4d1d-b704-19122d5cc73e_negatedLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Impairment</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment loss recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding_2ced8aa6-17c5-493c-bb2e-282cf5eeda49_terseLabel_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Final fee, percentage of original principal amount outstanding</link:label>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding_label_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instrument, payment terms, final fee, percentage of original principal amount outstanding</link:label>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding_documentation_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt instrument, payment terms, final fee, percentage of original principal amount outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding" xlink:href="ptv-20231231.xsd#ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding" xlink:to="lab_ptv_DebtInstrumentPaymentTermsFinalFeePercentageOfOriginalPrincipalAmountOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement_3010dadc-8316-4168-9b5f-02c91ff9cdf2_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value, RSU vested (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsVestedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments Vested in share-based payment arrangement</link:label>
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    <link:label id="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember_0a9055e5-4425-452e-b5cf-38cb852f24e2_terseLabel_en-US" xlink:label="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transferred over time</link:label>
    <link:label id="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember_label_en-US" xlink:label="lab_ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goods or services transferred over time [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GoodsOrServicesTransferredOverTimeMember"/>
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    <link:label id="lab_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_8f390592-67d8-406f-9505-fc4ace065aef_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>
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    <link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems_3241d2c6-b501-46a3-9b59-10ef6aa4a628_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [line items]</link:label>
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    <link:label id="lab_ifrs-full_RangeAxis_e3962892-18a5-43ec-b75f-2277bb206fa9_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RangeAxis"/>
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    <link:label id="lab_ifrs-full_RestrictedShareUnitsMember_label_en-US" xlink:label="lab_ifrs-full_RestrictedShareUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted share units [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestrictedShareUnitsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RestrictedShareUnitsMember"/>
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    <link:label id="lab_ptv_GeneralAndAdministrativeMember_0d1e34e6-d16e-4d6c-b6d3-781996ef678d_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-20231231.xsd#ptv_GeneralAndAdministrativeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GeneralAndAdministrativeMember" xlink:to="lab_ptv_GeneralAndAdministrativeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems_1f296486-3a99-4391-b454-b00712b87b9a_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>
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    <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-20231231.xsd#ptv_EquityAcquiredShareCapitalPureTechLLCLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:to="lab_ptv_EquityAcquiredShareCapitalPureTechLLCLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncome_e42f1537-524e-484e-8920-548196c4aa55_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_a2d1cff5-4466-49e7-847c-51ae16d6a1be_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinanceIncome"/>
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    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsMember_6b8b2826-cffb-4dc0-884a-513e3e122839_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" 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_ClassesOfFinancialInstrumentsMember_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial instruments, class [member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_baf3257a-a5a4-40a3-8ee5-08c96958359a_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, options granted (in GBP per share)</link:label>
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    <link:label id="lab_ptv_EnsofHoldingsLLCMember_f2f25f3d-5f1f-4e7d-a1d8-e572a583522f_verboseLabel_en-US" xlink:label="lab_ptv_EnsofHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Ensof Holdings, LLC (held indirectly through Enlight)</link:label>
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    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod_3ac1fecf-6224-4329-8e4a-9c50b9abf4cf_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>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod" xlink:to="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_b29a2d93-f329-474d-8f7b-f59cc437921e_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol"/>
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    <link:label id="lab_ptv_WeightedAverageOptionsExercisableTable_7051d90b-f0eb-4fcd-9bbb-d9e0e613be4c_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsExercisableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Options exercisable [Table]</link:label>
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    <link:label id="lab_ptv_InvestmentInAssociatesMember_77b51ab1-f5eb-492e-8639-b3084b3a6e54_terseLabel_en-US" xlink:label="lab_ptv_InvestmentInAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Associates</link:label>
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    <link:label id="lab_ptv_InvestmentInAssociatesMember_documentation_en-US" xlink:label="lab_ptv_InvestmentInAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment In Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentInAssociatesMember" xlink:href="ptv-20231231.xsd#ptv_InvestmentInAssociatesMember"/>
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    <link:label id="lab_ptv_ShortTermInvestmentMember_9a321061-3abd-49c3-8f98-8f9e2f424659_terseLabel_en-US" xlink:label="lab_ptv_ShortTermInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term Investments</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_d36166ed-7eb2-4fd4-8b81-9151b2aea7b3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment</link:label>
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    <link:label id="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries_42c6471f-3c7f-41e0-8a4c-3530093001b2_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of a non-controlling Interest of a subsidiary</link:label>
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    <link:label id="lab_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate_a083d36b-613b-472c-9728-93ca66443786_terseLabel_en-US" xlink:label="lab_ptv_LossWithRespectToAssociateForWhichNoDeferredTaxAssetIsRecognizedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss with respect to associate for which no deferred tax asset is recognized</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_9dfbb0e8-4f85-45d7-a959-42be3378ff0a_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>
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    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock_3daafe64-cea8-437a-841e-daac57cf9227_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis of Presentation</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Presentation [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Presentation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:href="ptv-20231231.xsd#ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForBasisOfPresentationPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_1b29f4a9-b770-4aef-87c6-b07adac9233d_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_CorporateLoansMember_76b0e437-5767-4503-bb5e-e6ae1cdf30c9_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_GelesisMember_c007b99f-42d9-4aa8-90cd-206bfcc1cc6a_verboseLabel_en-US" xlink:label="lab_ptv_GelesisMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gelesis, Inc.</link:label>
    <link:label id="lab_ptv_GelesisMember_1d521306-5f4f-4824-beb4-10a83e60b4cb_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-20231231.xsd#ptv_GelesisMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GelesisMember" xlink:to="lab_ptv_GelesisMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_551c68d7-7fc5-487f-a8bc-3f79b07146bc_negatedTerseLabel_en-US" xlink:label="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiary</link:label>
    <link:label id="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of deconsolidation adjustments, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of deconsolidation adjustments, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfDeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShortTermNoteLineItems_47bafc41-3d19-4ec8-b77c-688ec773c410_terseLabel_en-US" xlink:label="lab_ptv_ShortTermNoteLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term note [Line Items]</link:label>
    <link:label id="lab_ptv_ShortTermNoteLineItems_label_en-US" xlink:label="lab_ptv_ShortTermNoteLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term note [Line Items]</link:label>
    <link:label id="lab_ptv_ShortTermNoteLineItems_documentation_en-US" xlink:label="lab_ptv_ShortTermNoteLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Short-term note [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermNoteLineItems" xlink:href="ptv-20231231.xsd#ptv_ShortTermNoteLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermNoteLineItems" xlink:to="lab_ptv_ShortTermNoteLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems_461a9b43-4fa9-435a-980a-ec384915ad84_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-20231231.xsd#ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:to="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_7f1dd4d1-0eca-4efb-95c8-0a703f0e5798_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments_e6d068b1-077c-4dc3-bf5e-2b46e0984a8f_totalLabel_en-US" xlink:label="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Consolidated cash, cash equivalents and short-term investments</link:label>
    <link:label id="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments_label_en-US" xlink:label="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents, And Short-term Investments</link:label>
    <link:label id="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments_documentation_en-US" xlink:label="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash And Cash Equivalents, And Short-term Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:href="ptv-20231231.xsd#ptv_CashAndCashEquivalentsAndShortTermInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:to="lab_ptv_CashAndCashEquivalentsAndShortTermInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_f2deddcb-bd27-4508-b5da-0716be7d72f8_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Group's share of total comprehensive loss - limited to net investment amount</link:label>
    <link:label id="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of total comprehensive income of associates and joint ventures accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfTotalComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossFromContinuingOperations_29eaf55e-c8bd-4adf-9bbc-4aec8c3a73ee_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss from continuing operations (100%)</link:label>
    <link:label id="lab_ifrs-full_ProfitLossFromContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) from continuing operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
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    <link:label id="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_7442347f-32fd-46b3-9d81-9157d23136c8_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Three to Twelve months</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three months and not later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:to="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MinimumLiquidationPreferenceLineItems_769740f9-50d8-4090-ab40-4bf2f6b95700_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-20231231.xsd#ptv_MinimumLiquidationPreferenceLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MinimumLiquidationPreferenceLineItems" xlink:to="lab_ptv_MinimumLiquidationPreferenceLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_d50b56be-e40a-49d0-b0e1-4a760936ba85_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonCashItemsAbstract_a79a9a59-c3f1-4426-8fe6-54d37258b417_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-20231231.xsd#ptv_NonCashItemsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonCashItemsAbstract" xlink:to="lab_ptv_NonCashItemsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock_da414e83-8a12-4208-9809-30954dff373c_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Instruments Issued by the Group</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for equity instruments issued by the group [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description of accounting policy for equity instruments issued by the group</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:href="ptv-20231231.xsd#ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForEquityInstrumentsIssuedByTheGroupPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_c1e29e94-4bca-4105-80dd-80af6a2a5f21_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiaries and Change in Subsidiary Ownership and Loss of Control</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for subsidiaries [text block]</link:label>
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    <link:label id="lab_ifrs-full_MaturityAxis_101724a1-d87c-4996-b451-1eae1c9a6268_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>
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    <link:label id="lab_ifrs-full_Cash_c604a088-3c4d-47db-b396-615e95ca01e7_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_PayrollCosts_24098556-252a-4127-a8eb-59a0175f02f1_terseLabel_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ptv_PayrollCosts_b1e42827-dfee-4eac-af91-6053a0b19c3f_totalLabel_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total payroll costs</link:label>
    <link:label id="lab_ptv_PayrollCosts_label_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payroll Costs</link:label>
    <link:label id="lab_ptv_PayrollCosts_documentation_en-US" xlink:label="lab_ptv_PayrollCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payroll Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PayrollCosts" xlink:href="ptv-20231231.xsd#ptv_PayrollCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PayrollCosts" xlink:to="lab_ptv_PayrollCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltyPharmaMember_45ad4577-778b-47c4-90cb-8711cf9e8dc7_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-20231231.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_ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation_41def009-946f-4969-80aa-697c596816b2_negatedTerseLabel_en-US" xlink:label="lab_ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation</link:label>
    <link:label id="lab_ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation_label_en-US" xlink:label="lab_ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Financial Liabilities, Decrease Due To Deconsolidation</link:label>
    <link:label id="lab_ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation_documentation_en-US" xlink:label="lab_ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Financial Liabilities, Decrease Due To Deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation" xlink:href="ptv-20231231.xsd#ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation" xlink:to="lab_ptv_CurrentFinancialLiabilitiesDecreaseDueToDeconsolidation" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilityRentableArea_9f2f5b19-29c4-4222-9c4f-6a9842c829b0_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilityRentableArea" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rentable area (in square feet)</link:label>
    <link:label id="lab_ptv_LeaseLiabilityRentableArea_label_en-US" xlink:label="lab_ptv_LeaseLiabilityRentableArea" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Rentable Area</link:label>
    <link:label id="lab_ptv_LeaseLiabilityRentableArea_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilityRentableArea" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Rentable Area</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilityRentableArea" xlink:href="ptv-20231231.xsd#ptv_LeaseLiabilityRentableArea"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilityRentableArea" xlink:to="lab_ptv_LeaseLiabilityRentableArea" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_befb9eb5-a722-4230-93ae-8e1c74f73b9d_terseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Investment (Akili)</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of investments other than investments accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_d8d4a76c-96c2-4a1f-ad29-47abdcc93696_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) for the year, attributable to the owners of the Group, basic</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_FinancialAssetsMember_3211c9ad-7674-401e-b2b0-615f72ff355a_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMember" 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_FinancialAssetsMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsMember" xlink:to="lab_ifrs-full_FinancialAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_404c771e-2341-4285-bfb9-161c8b46ebdb_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Liabilities</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for financial liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ConstructionInProgressMember_e7b9f24f-8bf7-41c1-9ab6-c2d99d9c9826_terseLabel_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction in progress</link:label>
    <link:label id="lab_ifrs-full_ConstructionInProgressMember_label_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction in progress [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConstructionInProgressMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ConstructionInProgressMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConstructionInProgressMember" xlink:to="lab_ifrs-full_ConstructionInProgressMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UnsecuredPromissoryNoteReceivableMember_0121009c-e369-42ed-b5d2-0397087ba191_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-20231231.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_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_b3c4769a-5d4c-485b-a79b-3476f4332cf8_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Vested (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of other equity instruments exercised or vested in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_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-20231231.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_CurrentLiabilities_8aa7f94c-935e-4a1f-b7f6-e4b62c9df7cb_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilities_2242a326-cff0-492b-a6f6-5b93f335fd21_negatedLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilities" xlink:to="lab_ifrs-full_CurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccountingPoliciesSubsidiariesTable_3fe986d4-03ce-4026-923d-bf203042b711_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Policies - Subsidiaries [Table]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesSubsidiariesTable_label_en-US" xlink:label="lab_ptv_AccountingPoliciesSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies - Subsidiaries [Table]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesSubsidiariesTable_documentation_en-US" xlink:label="lab_ptv_AccountingPoliciesSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accounting Policies - Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesSubsidiariesTable" xlink:href="ptv-20231231.xsd#ptv_AccountingPoliciesSubsidiariesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccountingPoliciesSubsidiariesTable" xlink:to="lab_ptv_AccountingPoliciesSubsidiariesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentAccountingStandard_97181103-2ca4-429c-b63b-e7140d548841_terseLabel_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Accounting Standard</link:label>
    <link:label id="lab_dei_DocumentAccountingStandard_label_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Accounting Standard</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAccountingStandard" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAccountingStandard" xlink:to="lab_dei_DocumentAccountingStandard" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_NoTradingSymbolFlag_1e450ce6-a0e2-4dfb-a0f9-e6d5efcc0f58_terseLabel_en-US" xlink:label="lab_dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">No Trading Symbol Flag</link:label>
    <link:label id="lab_dei_NoTradingSymbolFlag_label_en-US" xlink:label="lab_dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">No Trading Symbol Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_NoTradingSymbolFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_NoTradingSymbolFlag" xlink:to="lab_dei_NoTradingSymbolFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_519153cf-34b3-4084-955f-b56ed58132fe_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GeographicalAreasAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasAxis" xlink:to="lab_ifrs-full_GeographicalAreasAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_7c8996b0-de6d-4663-8b85-ab6aa912fc14_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Impairment</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SettlementOfRSUs_16f2e97d-985c-4a88-931c-be26954c02c1_terseLabel_en-US" xlink:label="lab_ptv_SettlementOfRSUs" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settlement of restricted stock unit equity awards</link:label>
    <link:label id="lab_ptv_SettlementOfRSUs_label_en-US" xlink:label="lab_ptv_SettlementOfRSUs" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Settlement of RSU's</link:label>
    <link:label id="lab_ptv_SettlementOfRSUs_documentation_en-US" xlink:label="lab_ptv_SettlementOfRSUs" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Settlement of RSU's</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SettlementOfRSUs" xlink:href="ptv-20231231.xsd#ptv_SettlementOfRSUs"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SettlementOfRSUs" xlink:to="lab_ptv_SettlementOfRSUs" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_472eadf8-1bc0-4e41-922f-e83a1dea2479_terseLabel_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_label_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_IcfrAuditorAttestationFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_IcfrAuditorAttestationFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_IcfrAuditorAttestationFlag" xlink:to="lab_dei_IcfrAuditorAttestationFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity_3375201d-8f12-445e-b152-1b33f88e57c9_terseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revaluation of deferred tax assets related&#160;to&#160;share-based&#160;awards</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Revaluation Of Deferred Tax Assets Related To Share-based Payment Transactions, Equity</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through Revaluation Of Deferred Tax Assets Related To Share-based Payment Transactions, Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity" xlink:href="ptv-20231231.xsd#ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity" xlink:to="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_525ce50c-db0e-4f92-aceb-619bb5756ea6_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_1e6c85e3-b33e-449b-bef2-5f5ea4c1eaca_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Measurements</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for fair value measurement [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BorrowingsInterestPaid_c6f5a46a-8d0b-47c4-8ac2-554daacfb22c_negatedTerseLabel_en-US" xlink:label="lab_ptv_BorrowingsInterestPaid" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest paid</link:label>
    <link:label id="lab_ptv_BorrowingsInterestPaid_label_en-US" xlink:label="lab_ptv_BorrowingsInterestPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Interest paid</link:label>
    <link:label id="lab_ptv_BorrowingsInterestPaid_documentation_en-US" xlink:label="lab_ptv_BorrowingsInterestPaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Interest paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsInterestPaid" xlink:href="ptv-20231231.xsd#ptv_BorrowingsInterestPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsInterestPaid" xlink:to="lab_ptv_BorrowingsInterestPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CommenseMember_da5a44f2-16ea-4367-a79b-920f47edcb0d_verboseLabel_en-US" xlink:label="lab_ptv_CommenseMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Commense Inc.</link:label>
    <link:label id="lab_ptv_CommenseMember_label_en-US" xlink:label="lab_ptv_CommenseMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commense [Member]</link:label>
    <link:label id="lab_ptv_CommenseMember_documentation_en-US" xlink:label="lab_ptv_CommenseMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CommenseMember" xlink:href="ptv-20231231.xsd#ptv_CommenseMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CommenseMember" xlink:to="lab_ptv_CommenseMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseLineItems_e0fd8b6a-6023-4928-91dd-b435cb2f9bd3_terseLabel_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Line Items]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseLineItems_label_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Line Items]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseLineItems_documentation_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:href="ptv-20231231.xsd#ptv_RecognisedIncomeTaxExpenseLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:to="lab_ptv_RecognisedIncomeTaxExpenseLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingExpenseCategoryDomain_bf9d55ba-965a-4c69-ab4c-c9131f7e8e23_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Expense Category [Domain]</link:label>
    <link:label id="lab_ptv_OperatingExpenseCategoryDomain_label_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Expense Category [Domain]</link:label>
    <link:label id="lab_ptv_OperatingExpenseCategoryDomain_documentation_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Expense Category [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingExpenseCategoryDomain" xlink:href="ptv-20231231.xsd#ptv_OperatingExpenseCategoryDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingExpenseCategoryDomain" xlink:to="lab_ptv_OperatingExpenseCategoryDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryOperatingCompaniesMember_daaf408f-92f8-4629-b438-9ba87dc98f6a_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary operating companies</link:label>
    <link:label id="lab_ptv_SubsidiaryOperatingCompaniesMember_label_en-US" xlink:label="lab_ptv_SubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Operating Companies [Member]</link:label>
    <link:label id="lab_ptv_SubsidiaryOperatingCompaniesMember_documentation_en-US" xlink:label="lab_ptv_SubsidiaryOperatingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Operating Companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryOperatingCompaniesMember" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryOperatingCompaniesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryOperatingCompaniesMember" xlink:to="lab_ptv_SubsidiaryOperatingCompaniesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CustomerAMember_6ceca703-aebf-4855-9e79-7db15c6c2fd1_terseLabel_en-US" xlink:label="lab_ptv_CustomerAMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer A</link:label>
    <link:label id="lab_ptv_CustomerAMember_label_en-US" xlink:label="lab_ptv_CustomerAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer A [Member]</link:label>
    <link:label id="lab_ptv_CustomerAMember_documentation_en-US" xlink:label="lab_ptv_CustomerAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Customer A</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CustomerAMember" xlink:href="ptv-20231231.xsd#ptv_CustomerAMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CustomerAMember" xlink:to="lab_ptv_CustomerAMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory_123a639d-f506-4a25-8634-c4761ca4e7a5_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryConvertibleNotesMember_b2b80d08-4c80-411d-8485-447447b812de_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible notes</link:label>
    <link:label id="lab_ptv_SubsidiaryConvertibleNotesMember_label_en-US" xlink:label="lab_ptv_SubsidiaryConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Convertible Notes [Member]</link:label>
    <link:label id="lab_ptv_SubsidiaryConvertibleNotesMember_documentation_en-US" xlink:label="lab_ptv_SubsidiaryConvertibleNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryConvertibleNotesMember" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryConvertibleNotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryConvertibleNotesMember" xlink:to="lab_ptv_SubsidiaryConvertibleNotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RSULineItems_cafff561-d5c2-4790-9df4-16771aa3388c_terseLabel_en-US" xlink:label="lab_ptv_RSULineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RSU [Line Items]</link:label>
    <link:label id="lab_ptv_RSULineItems_label_en-US" xlink:label="lab_ptv_RSULineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RSU [Line Items]</link:label>
    <link:label id="lab_ptv_RSULineItems_documentation_en-US" xlink:label="lab_ptv_RSULineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RSU</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RSULineItems" xlink:href="ptv-20231231.xsd#ptv_RSULineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RSULineItems" xlink:to="lab_ptv_RSULineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssets_c6e56c19-d025-4661-ad53-7e5ab4326e94_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_a2bb5517-af67-412e-bdbd-914607778b51_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
    <link:label id="lab_ifrs-full_NoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_RevenueFromGovernmentGrants_88f8d538-959e-4245-a26b-3aa4cb8ba60a_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevenueFromGovernmentGrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromGovernmentGrants" xlink:to="lab_ifrs-full_RevenueFromGovernmentGrants" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RepurchaseAgreementCounterpartyNameDomain_d9637a8f-0741-48c0-b5d9-253305d41c6f_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/2023/elts/srt-2023.xsd#srt_RepurchaseAgreementCounterpartyNameDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:to="lab_srt_RepurchaseAgreementCounterpartyNameDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfEarningsPerShareTableTextBlock_cb2a2676-cffe-4ef0-990c-ade58c936202_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>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019_03c17646-4a9b-40f8-89e3-75ce05c2c1dd_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of, options exercisable (in GBP per share)</link:label>
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    <link:label id="lab_ptv_InvestmentInNotesFromAssociatesAbstract_a40274cb-812d-4892-a1ec-3213d8d771d8_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>
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    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_2b248949-705d-462b-8f8b-5c1539fc2e88_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_ifrs-full_CurrentTaxAssetsCurrent_7e8eb98e-03ed-4a84-bf8b-b2fa517dd6d5_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentTaxAssetsCurrent"/>
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    <link:label id="lab_ptv_PurchaseOfEquityInvestment_ff3d9340-32bd-4e28-9223-75ed0ece5947_terseLabel_en-US" xlink:label="lab_ptv_PurchaseOfEquityInvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of equity investment</link:label>
    <link:label id="lab_ptv_PurchaseOfEquityInvestment_label_en-US" xlink:label="lab_ptv_PurchaseOfEquityInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase Of Equity Investment</link:label>
    <link:label id="lab_ptv_PurchaseOfEquityInvestment_documentation_en-US" xlink:label="lab_ptv_PurchaseOfEquityInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase Of Equity Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchaseOfEquityInvestment" xlink:href="ptv-20231231.xsd#ptv_PurchaseOfEquityInvestment"/>
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    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets_a0362786-654d-418e-8062-1621e39fa8cb_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PercentageOfReasonablyPossibleIncreaseInUnobservableInputAssets"/>
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    <link:label id="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock_ed7eaa6a-2a9f-4762-8754-9312efdc7b06_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Lease Liabilities</link:label>
    <link:label id="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Lease Liabilities [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Lease Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfLeaseLiabilitiesTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfLeaseLiabilitiesTableTextBlock"/>
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    <link:label id="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_645f7ed7-db7e-4a44-9050-bca5837051c8_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Standards and Interpretations</link:label>
    <link:label id="lab_ifrs-full_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>
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    <link:label id="lab_ptv_DrRajuKucherlapatiMember_199120a2-34fd-46d3-be7b-169a6bad5b1b_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>
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    <link:label id="lab_ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold_6f1253e9-d049-4bf9-94d7-a2dd008aa564_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-20231231.xsd#ptv_RoyaltyAgreementPercentageOfRoyaltiesReceivedAboveAnnualThreshold"/>
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_cab2cfb7-caa1-4486-84a7-bb793f69fa71_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_4cd8e882-3247-4f4a-8fdc-b354943612a9_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_KeyManagementPersonnelCompensation"/>
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    <link:label id="lab_ptv_Deconsolidation_6e04e743-44d1-4896-a3b0-0f70bb591274_negatedLabel_en-US" xlink:label="lab_ptv_Deconsolidation" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiary</link:label>
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    <link:label id="lab_ptv_Deconsolidation_label_en-US" xlink:label="lab_ptv_Deconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidation</link:label>
    <link:label id="lab_ptv_Deconsolidation_documentation_en-US" xlink:label="lab_ptv_Deconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_Deconsolidation" xlink:href="ptv-20231231.xsd#ptv_Deconsolidation"/>
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    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_4a17c692-22cc-42ba-86a1-2774c290366f_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>
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    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_528a12a6-483a-4dbd-be5b-92242845ae1d_terseLabel_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Healthcare and other benefits</link:label>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_label_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee benefits expense</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_27819f16-34bd-4008-8399-c907eeed0e8b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about borrowings [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about borrowings [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable"/>
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    <link:label id="lab_ptv_KarunaAndVorMember_ea870785-5665-4727-8f24-c301368ac2a7_terseLabel_en-US" xlink:label="lab_ptv_KarunaAndVorMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Karuna and Vor</link:label>
    <link:label id="lab_ptv_KarunaAndVorMember_label_en-US" xlink:label="lab_ptv_KarunaAndVorMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Karuna And Vor [Member]</link:label>
    <link:label id="lab_ptv_KarunaAndVorMember_documentation_en-US" xlink:label="lab_ptv_KarunaAndVorMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Karuna And Vor</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_KarunaAndVorMember" xlink:href="ptv-20231231.xsd#ptv_KarunaAndVorMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_KarunaAndVorMember" xlink:to="lab_ptv_KarunaAndVorMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_eddfa995-cf16-4bf9-98bc-fc927017e233_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfEffectsOfStateTaxRateInUS_563d224c-dbf4-473a-9a58-71ac362706a7_terseLabel_en-US" xlink:label="lab_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">State taxes, net of federal effect</link:label>
    <link:label id="lab_ptv_RateOfEffectsOfStateTaxRateInUS_label_en-US" xlink:label="lab_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of Effects of state tax rate in US</link:label>
    <link:label id="lab_ptv_RateOfEffectsOfStateTaxRateInUS_documentation_en-US" xlink:label="lab_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of Effects of state tax rate in US</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:href="ptv-20231231.xsd#ptv_RateOfEffectsOfStateTaxRateInUS"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:to="lab_ptv_RateOfEffectsOfStateTaxRateInUS" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsTable_9d31617a-5dd5-41ad-9779-fba98b374a36_terseLabel_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Table]</link:label>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsTable_label_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Table]</link:label>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsTable_documentation_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:href="ptv-20231231.xsd#ptv_UnrecognizedDeferredTaxAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:to="lab_ptv_UnrecognizedDeferredTaxAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract_6482ea61-5f25-4a9b-b7f5-28b1b0fbfe91_terseLabel_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidated former subsidiary operating&#160;companies</link:label>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract_label_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidated former subsidiaries [Abstract]</link:label>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract_documentation_en-US" xlink:label="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidated former subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:href="ptv-20231231.xsd#ptv_DeconsolidatedFormerSubsidiariesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:to="lab_ptv_DeconsolidatedFormerSubsidiariesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_a1832c5c-9601-4855-9feb-618176595add_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Maturity Analysis of Operating Lease Payments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis of operating lease payments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate_860f2dae-2c53-4d0e-9c44-d4871a53b5be_negatedTerseLabel_en-US" xlink:label="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Tax credits</link:label>
    <link:label id="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate Of Tax credits, Reconciliation Of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate Of Tax credits, Reconciliation Of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfTaxCreditsReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_8debc5e6-8268-4e02-92df-9d01a8ec4053_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">More than five years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareOfNetAssets_3c8a2350-18b1-48a6-955f-c2f6492e70ec_terseLabel_en-US" xlink:label="lab_ptv_ShareOfNetAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Group's share of net assets (net deficit)</link:label>
    <link:label id="lab_ptv_ShareOfNetAssets_label_en-US" xlink:label="lab_ptv_ShareOfNetAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of net assets</link:label>
    <link:label id="lab_ptv_ShareOfNetAssets_documentation_en-US" xlink:label="lab_ptv_ShareOfNetAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share of net assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareOfNetAssets" xlink:href="ptv-20231231.xsd#ptv_ShareOfNetAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareOfNetAssets" xlink:to="lab_ptv_ShareOfNetAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_MaximumMember_2e0f1526-402d-43c3-ad11-24f0b857de69_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/2023/elts/srt-2023.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_dei_DocumentType_f364054f-6856-4c57-9eb6-ff990ba6032e_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/2023/dei-2023.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_ptv_PureTechHealthCompanyMember_26abe9bb-4d9f-465e-8446-1aad8007bd53_terseLabel_en-US" xlink:label="lab_ptv_PureTechHealthCompanyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PureTech Health (Company)</link:label>
    <link:label id="lab_ptv_PureTechHealthCompanyMember_label_en-US" xlink:label="lab_ptv_PureTechHealthCompanyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech Health (Company) [Member]</link:label>
    <link:label id="lab_ptv_PureTechHealthCompanyMember_documentation_en-US" xlink:label="lab_ptv_PureTechHealthCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech Health (Company)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechHealthCompanyMember" xlink:href="ptv-20231231.xsd#ptv_PureTechHealthCompanyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechHealthCompanyMember" xlink:to="lab_ptv_PureTechHealthCompanyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_12031ff5-8986-4880-8014-985b0545987f_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_OtherReserves_841ab647-3a52-42b7-b5da-f66f1b8b812d_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other reserve</link:label>
    <link:label id="lab_ifrs-full_OtherReserves_label_en-US" xlink:label="lab_ifrs-full_OtherReserves" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other reserves</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherReserves"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherReserves" xlink:to="lab_ifrs-full_OtherReserves" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceCosts_34b07a86-fa4b-4cce-9183-12cefa85fb51_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_ac2b6c35-13a5-4dd9-a5be-43a255f5b702_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_OtherOperatingIncomeExpense_72814a6e-3780-41cd-9398-2a4d77f013ca_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other income/(expense)</link:label>
    <link:label id="lab_ifrs-full_OtherOperatingIncomeExpense_label_en-US" xlink:label="lab_ifrs-full_OtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other operating income (expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherOperatingIncomeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherOperatingIncomeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherOperatingIncomeExpense" xlink:to="lab_ifrs-full_OtherOperatingIncomeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_7f106205-0241-4324-a556-14258d662629_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Four to five years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than four years and not later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InactiveSubsidiariesAbstract_b1614406-092c-445b-899e-0e0d0af6a3dd_terseLabel_en-US" xlink:label="lab_ptv_InactiveSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inactive subsidiaries</link:label>
    <link:label id="lab_ptv_InactiveSubsidiariesAbstract_label_en-US" xlink:label="lab_ptv_InactiveSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inactive subsidiaries [Abstract]</link:label>
    <link:label id="lab_ptv_InactiveSubsidiariesAbstract_documentation_en-US" xlink:label="lab_ptv_InactiveSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inactive subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InactiveSubsidiariesAbstract" xlink:href="ptv-20231231.xsd#ptv_InactiveSubsidiariesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InactiveSubsidiariesAbstract" xlink:to="lab_ptv_InactiveSubsidiariesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_cfd6cd9d-baf3-4819-92f3-6db381d3795b_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Three to four years</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three years and not later than four years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AcquiredMinorityNonControllingInterest_3efa8a5e-1f53-4745-80a6-a4547773b281_terseLabel_en-US" xlink:label="lab_ptv_AcquiredMinorityNonControllingInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired minority non-controlling interest</link:label>
    <link:label id="lab_ptv_AcquiredMinorityNonControllingInterest_label_en-US" xlink:label="lab_ptv_AcquiredMinorityNonControllingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquired minority non-controlling interest</link:label>
    <link:label id="lab_ptv_AcquiredMinorityNonControllingInterest_documentation_en-US" xlink:label="lab_ptv_AcquiredMinorityNonControllingInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Acquired minority non-controlling interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AcquiredMinorityNonControllingInterest" xlink:href="ptv-20231231.xsd#ptv_AcquiredMinorityNonControllingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AcquiredMinorityNonControllingInterest" xlink:to="lab_ptv_AcquiredMinorityNonControllingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_62e60cd8-327f-46fd-837b-07bb231a0940_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding at beginning of period (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_e7276e0d-2cf6-413f-9ce4-27d8c6276e36_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding at end of period (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_48d0a72a-a31c-47ed-9762-18a684812231_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of share options (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_label_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options outstanding in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOutstandingShareOptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfOutstandingShareOptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfOutstandingShareOptions" xlink:to="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory_2c0014c6-6506-4943-ada1-df00b481250b_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOtherAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets_348d5db5-54ae-4d72-a2fe-aacba44e7520_terseLabel_en-US" xlink:label="lab_ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease through loss of control of subsidiary, net assets</link:label>
    <link:label id="lab_ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets_label_en-US" xlink:label="lab_ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease Through Loss Of Control Of Subsidiary, Net Assets</link:label>
    <link:label id="lab_ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets_documentation_en-US" xlink:label="lab_ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Decrease Through Loss Of Control Of Subsidiary, Net Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets" xlink:href="ptv-20231231.xsd#ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets" xlink:to="lab_ptv_DecreaseThroughLossOfControlOfSubsidiaryNetAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ImbriumTherapeuticsLPMember_9174cd1a-405b-4c5e-9ef8-bd81dee52df1_terseLabel_en-US" xlink:label="lab_ptv_ImbriumTherapeuticsLPMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Imbrium Therapeutics L.P.</link:label>
    <link:label id="lab_ptv_ImbriumTherapeuticsLPMember_label_en-US" xlink:label="lab_ptv_ImbriumTherapeuticsLPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Imbrium Therapeutics L.P. [Member]</link:label>
    <link:label id="lab_ptv_ImbriumTherapeuticsLPMember_documentation_en-US" xlink:label="lab_ptv_ImbriumTherapeuticsLPMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Imbrium Therapeutics L.P.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ImbriumTherapeuticsLPMember" xlink:href="ptv-20231231.xsd#ptv_ImbriumTherapeuticsLPMember"/>
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    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_46592920-a149-40a6-bdee-61be2b66824d_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfOptionsHeld_c8721c56-940c-495b-81bc-aa1059f4cc0f_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-20231231.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_f8234ef3-6197-42ee-b1fb-f24b452211ea_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-20231231.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_2e43da9b-6c2d-43b0-b502-e2be62b113fe_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-20231231.xsd#ptv_ShareBasedPaymentsTableLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsTableLineItems" xlink:to="lab_ptv_ShareBasedPaymentsTableLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_0e0a555a-8238-4a0d-aecc-95b953a87b5b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property and Equipment</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of property, plant and equipment [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_6a8708a6-b4f3-469c-b69b-210b4738f938_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment [Table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_ac3531dd-4bd0-4dc0-900d-578f9c4edd73_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:to="lab_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfRisksMember_c18dba0c-f274-44b3-b710-e4336f367704_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risks</link:label>
    <link:label id="lab_ifrs-full_TypesOfRisksMember_label_en-US" xlink:label="lab_ifrs-full_TypesOfRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risks [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfRisksMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfRisksMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksMember" xlink:to="lab_ifrs-full_TypesOfRisksMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesMember_0ed55b5b-be67-4dca-86e1-56094e2da3ee_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-20231231.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_ptv_InvestmentsInAssociatesAccountedForUsingEquityMethodIncreaseFromDeconsolidation_65684ceb-2ec7-44ed-a419-f7e218429fd0_verboseLabel_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesAccountedForUsingEquityMethodIncreaseFromDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Investment in Sonde - deconsolidation</link:label>
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    <link:label id="lab_ptv_InvestmentsInAssociatesAccountedForUsingEquityMethodIncreaseFromDeconsolidation_documentation_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesAccountedForUsingEquityMethodIncreaseFromDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments In Associates Accounted For Using Equity Method, Increase From Deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsInAssociatesAccountedForUsingEquityMethodIncreaseFromDeconsolidation" xlink:href="ptv-20231231.xsd#ptv_InvestmentsInAssociatesAccountedForUsingEquityMethodIncreaseFromDeconsolidation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsInAssociatesAccountedForUsingEquityMethodIncreaseFromDeconsolidation" xlink:to="lab_ptv_InvestmentsInAssociatesAccountedForUsingEquityMethodIncreaseFromDeconsolidation" 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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncomeStatementAbstract"/>
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    <link:label id="lab_ptv_SummaryOfInvestmentsHeldAtFairValueTableTextBlock_220a15ec-ffec-4ca2-8c8c-f2fa3dff49d6_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>
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    <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-20231231.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_TopOfRangeMember_7ef95718-82ac-4da8-a5a9-4f46252a0b82_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_dei_Security12bTitle_e66367d2-0afb-44dd-936b-9ef67c840aa7_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_7281575d-caf1-46c8-b5b6-c4a92e704eb5_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable"/>
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    <link:label id="lab_ifrs-full_OtherGainsLosses_ad6c6f2f-4a52-4821-a6d8-eaf32a3c45d9_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherGainsLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherGainsLosses" xlink:to="lab_ifrs-full_OtherGainsLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities_a8fceea7-2bfa-4bb6-9346-eed5c5c30b70_terseLabel_en-US" xlink:label="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion of subsidiary convertible note into preferred share liabilities</link:label>
    <link:label id="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities_label_en-US" xlink:label="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conversion of subsidiary Convertible note into preferred share liabilities</link:label>
    <link:label id="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities_documentation_en-US" xlink:label="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Conversion of subsidiary Convertible note into preferred share liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:href="ptv-20231231.xsd#ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:to="lab_ptv_ConversionOfSubsidiaryConvertibleNoteIntoPreferredShareLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromSaleOfEquityInvestment_62f6d8af-cf5b-42bc-ad26-d6ef5a5469f5_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfEquityInvestment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of equity investment</link:label>
    <link:label id="lab_ptv_ProceedsFromSaleOfEquityInvestment_label_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfEquityInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Equity Investment</link:label>
    <link:label id="lab_ptv_ProceedsFromSaleOfEquityInvestment_documentation_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfEquityInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Equity Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromSaleOfEquityInvestment" xlink:href="ptv-20231231.xsd#ptv_ProceedsFromSaleOfEquityInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromSaleOfEquityInvestment" xlink:to="lab_ptv_ProceedsFromSaleOfEquityInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1_bfd10bf9-5282-49ca-a5b2-490fe9e47c3d_terseLabel_en-US" xlink:label="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other general and administrative expenses</link:label>
    <link:label id="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1_label_en-US" xlink:label="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Selling General And Administrative Expense 1</link:label>
    <link:label id="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1_documentation_en-US" xlink:label="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Selling General And Administrative Expense 1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:href="ptv-20231231.xsd#ptv_OtherSellingGeneralAndAdministrativeExpense1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:to="lab_ptv_OtherSellingGeneralAndAdministrativeExpense1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_a16e87fa-d8fe-4154-90f4-fb8bddfa0bec_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement_7e193ff2-4768-49bb-a231-91abf9234021_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average stock price of share options exercised in share-based payment arrangement (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average stock price of share options exercised in share-based payment arrangement</link:label>
    <link:label id="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average stock price of share options exercised in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:to="lab_ptv_WeightedAverageStockPriceOfShareOptionsExercisedInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanTenYearsMember_8d1c2de0-e8a2-4b13-87de-b8f010b561eb_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">More than 10 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanTenYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than ten years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTenYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanTenYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTenYearsMember" xlink:to="lab_ifrs-full_LaterThanTenYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentPercentageRelatedToCommonShare_1d9a0e27-399a-46d7-8485-1aadadaf418c_terseLabel_en-US" xlink:label="lab_ptv_InvestmentPercentageRelatedToCommonShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment percentage related to common share</link:label>
    <link:label id="lab_ptv_InvestmentPercentageRelatedToCommonShare_label_en-US" xlink:label="lab_ptv_InvestmentPercentageRelatedToCommonShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Percentage Related To Common Share</link:label>
    <link:label id="lab_ptv_InvestmentPercentageRelatedToCommonShare_documentation_en-US" xlink:label="lab_ptv_InvestmentPercentageRelatedToCommonShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment Percentage Related To Common Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentPercentageRelatedToCommonShare" xlink:href="ptv-20231231.xsd#ptv_InvestmentPercentageRelatedToCommonShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentPercentageRelatedToCommonShare" xlink:to="lab_ptv_InvestmentPercentageRelatedToCommonShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ControlledFoundedEntitiesMember_80c3197e-9659-4564-a705-05a6e3304bad_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_65eee522-c182-4f3a-8d57-d6c625dc290e_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-20231231.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_InterestExpenseOnLeaseLiabilities_06e02252-be63-48ae-baad-e41b73419404_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_2da6291a-1029-4f8d-885e-ee10216988b8_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ChangesInTheValueOfSubsidiaryPreferredSharesTable_f39a930f-16a7-4032-ae54-e3842f255c8e_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-20231231.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_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares_dfbbca0b-cd11-4480-b81a-832345647de8_terseLabel_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on dilution of ownership interest in associates</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares_label_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) Recognized On Dilution Of Ownership Interest In Associate, Without Earn-out Shares</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares_documentation_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) Recognized On Dilution Of Ownership Interest In Associate, Without Earn-out Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares" xlink:href="ptv-20231231.xsd#ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares" xlink:to="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociateWithoutEarnOutShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedLineItems_d1ccc61a-a18a-423a-938d-a1c9aa2340ec_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Options forfeited [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedLineItems_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Options forfeited [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedLineItems_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Options forfeited</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageOptionsForfeitedLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:to="lab_ptv_WeightedAverageOptionsForfeitedLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LighthouseCapitalPartnersVILPMember_13035ac7-c6aa-4ca0-a6a3-390f8f6f16b0_terseLabel_en-US" xlink:label="lab_ptv_LighthouseCapitalPartnersVILPMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lighthouse Capital Partners VI, L.P</link:label>
    <link:label id="lab_ptv_LighthouseCapitalPartnersVILPMember_label_en-US" xlink:label="lab_ptv_LighthouseCapitalPartnersVILPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lighthouse Capital Partners VI, L.P [Member]</link:label>
    <link:label id="lab_ptv_LighthouseCapitalPartnersVILPMember_documentation_en-US" xlink:label="lab_ptv_LighthouseCapitalPartnersVILPMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lighthouse Capital Partners VI, L.P</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LighthouseCapitalPartnersVILPMember" xlink:href="ptv-20231231.xsd#ptv_LighthouseCapitalPartnersVILPMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LighthouseCapitalPartnersVILPMember" xlink:to="lab_ptv_LighthouseCapitalPartnersVILPMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_3a7b63e2-191d-4288-b58d-af12da35bf67_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">One to two years</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year and not later than two years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_RangeAxis_c25142df-6630-47cc-baff-20d7a2bd7cf9_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/2023/elts/srt-2023.xsd#srt_RangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeAxis" xlink:to="lab_srt_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InterestIncomeFromFinancialAssets_a05a1466-197c-47c4-93f1-0b2967d00bc6_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-20231231.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_DisclosureOfSubsidiaryPreferredSharesTextBlock_bd621dbe-3ab9-4bb7-accf-21ec63b455ab_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-20231231.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_97eff7b9-3035-4ad8-9dc5-ea071e10d938_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-20231231.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_dei_EntityInteractiveDataCurrent_9dc2643e-d785-4140-985c-09558faaf008_terseLabel_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_label_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityInteractiveDataCurrent" xlink:to="lab_dei_EntityInteractiveDataCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_51e30392-e5ea-4613-8698-72f894bfdbe2_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:to="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_93538572-14ac-4f40-a54f-1c44c07307dd_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock_ce9edef2-6dd9-40e6-9f93-489753c0108f_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis of Measurement</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis of Measurement [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis of Measurement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:href="ptv-20231231.xsd#ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForBasisOfMeasurementPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromSaleOfFutureRoyalties_b0f7f142-58e3-4a1d-a1a4-00f6debb128d_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>
    <link:label id="lab_ptv_ProceedsFromSaleOfFutureRoyalties_label_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Future Royalties</link:label>
    <link:label id="lab_ptv_ProceedsFromSaleOfFutureRoyalties_documentation_en-US" xlink:label="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Future Royalties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:href="ptv-20231231.xsd#ptv_ProceedsFromSaleOfFutureRoyalties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:to="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DrRobertLangerMember_a84085d3-b31f-4ec1-a628-f8b200ba1fbf_terseLabel_en-US" xlink:label="lab_ptv_DrRobertLangerMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dr Robert Langer</link:label>
    <link:label id="lab_ptv_DrRobertLangerMember_label_en-US" xlink:label="lab_ptv_DrRobertLangerMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dr Robert Langer [Member]</link:label>
    <link:label id="lab_ptv_DrRobertLangerMember_documentation_en-US" xlink:label="lab_ptv_DrRobertLangerMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dr Robert Langer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrRobertLangerMember" xlink:href="ptv-20231231.xsd#ptv_DrRobertLangerMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrRobertLangerMember" xlink:to="lab_ptv_DrRobertLangerMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_6e17c63d-df38-4537-be14-47190df74091_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_Level1OfFairValueHierarchyMember_98fb06a0-7c62-4fa2-8b7f-f618a72a825b_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 of fair value hierarchy</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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Level1OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable_890f0d0b-1c79-44a5-8817-119752bfc016_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-20231231.xsd#ptv_SaleOfFutureRoyaltiesLiabilityTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:to="lab_ptv_SaleOfFutureRoyaltiesLiabilityTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfEntitiesEstablished_767c534e-0ae0-4e80-a647-41b7abd5a2b6_terseLabel_en-US" xlink:label="lab_ptv_NumberOfEntitiesEstablished" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of entities established</link:label>
    <link:label id="lab_ptv_NumberOfEntitiesEstablished_label_en-US" xlink:label="lab_ptv_NumberOfEntitiesEstablished" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Entities Established</link:label>
    <link:label id="lab_ptv_NumberOfEntitiesEstablished_documentation_en-US" xlink:label="lab_ptv_NumberOfEntitiesEstablished" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Entities Established</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfEntitiesEstablished" xlink:href="ptv-20231231.xsd#ptv_NumberOfEntitiesEstablished"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfEntitiesEstablished" xlink:to="lab_ptv_NumberOfEntitiesEstablished" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_JefferiesInternationalLimitedMember_5e1742fb-e342-49c6-a50e-99cb7ac73dee_terseLabel_en-US" xlink:label="lab_ptv_JefferiesInternationalLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Jefferies International Limited</link:label>
    <link:label id="lab_ptv_JefferiesInternationalLimitedMember_label_en-US" xlink:label="lab_ptv_JefferiesInternationalLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Jefferies International Limited [Member]</link:label>
    <link:label id="lab_ptv_JefferiesInternationalLimitedMember_documentation_en-US" xlink:label="lab_ptv_JefferiesInternationalLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Jefferies International Limited</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_JefferiesInternationalLimitedMember" xlink:href="ptv-20231231.xsd#ptv_JefferiesInternationalLimitedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_JefferiesInternationalLimitedMember" xlink:to="lab_ptv_JefferiesInternationalLimitedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_d3fd1a36-948b-4792-b42a-2a3c78093b20_terseLabel_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_label_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityWellKnownSeasonedIssuer" xlink:to="lab_dei_EntityWellKnownSeasonedIssuer" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable_1b5f18d2-2dcc-4b16-9611-573784a59872_terseLabel_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Table]</link:label>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable_label_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Table]</link:label>
    <link:label id="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable_documentation_en-US" xlink:label="lab_ptv_EquityAcquiredShareCapitalPureTechLLCTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity - Acquired Share capital PureTech LLC [Table]</link:label>
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    <link:label id="lab_ptv_NoteReceivableMember_7aad1e3a-4d48-4f2f-98c0-8a5afa90e9b9_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-20231231.xsd#ptv_NoteReceivableMember"/>
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    <link:label id="lab_ptv_ClassBCommonMember_be150736-a3a7-4880-a73c-8161e8ac604c_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>
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    <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-20231231.xsd#ptv_ClassBCommonMember"/>
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    <link:label id="lab_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_146c0a00-7856-4567-8010-4bf02aceea06_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfContinuingOperationsOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Group's share in net losses - limited to net investment amount</link:label>
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    <link:label id="lab_ptv_ShareBasedPaymentExpenseCategoryAxis_ecdd0d18-c851-4e19-bad8-c530eec71c04_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>
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    <link:label id="lab_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_02ed0e71-7199-4693-822e-907d8ae9ab68_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Voting percentage through the holdings</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_120e784a-4434-443d-a1b7-51fea5ac044a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of income tax [text block]</link:label>
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    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_bd49a340-2dd9-42b2-8e80-d3933587b4e3_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
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    <link:label id="lab_ptv_DisclosureOfLongTermLoanObligationsTableTextBlock_01df5e8d-33f2-4c57-9dfc-081bee823b58_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfLongTermLoanObligationsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Long-Term Loan Activity</link:label>
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    <link:label id="lab_ifrs-full_Equity_20a9e1d8-98bb-47ba-94de-71d7b975d19c_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>
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    <link:label id="lab_ifrs-full_Equity_396c2de7-93da-4c0c-a149-e788793f1910_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_db592765-58a8-41e7-a824-fbc3be505cc1_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Equity"/>
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    <link:label id="lab_ifrs-full_UnusedTaxCreditsMember_7cbfcb1b-8c48-4398-a650-ef7dc5c8a852_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxCreditsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax credits</link:label>
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    <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>
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    <link:label id="lab_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue_3e99a347-d9f9-4359-bb07-e6ed4e94e8ad_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>
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    <link:label id="lab_ptv_OutsideInvestorsMember_37db955a-a94e-4a39-b0a9-7c04802b4d07_terseLabel_en-US" xlink:label="lab_ptv_OutsideInvestorsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outside investors</link:label>
    <link:label id="lab_ptv_OutsideInvestorsMember_label_en-US" xlink:label="lab_ptv_OutsideInvestorsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outside investors [Member]</link:label>
    <link:label id="lab_ptv_OutsideInvestorsMember_documentation_en-US" xlink:label="lab_ptv_OutsideInvestorsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Outside investors</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OutsideInvestorsMember" xlink:href="ptv-20231231.xsd#ptv_OutsideInvestorsMember"/>
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    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityLineItems_6ca591a5-977b-4582-abae-68c3785fb22b_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>
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    <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-20231231.xsd#ptv_SaleOfFutureRoyaltiesLiabilityLineItems"/>
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    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfTranches_b318acb7-341f-4dbe-8669-358a4575de7f_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_ptv_MarketBacksolveApproachLeverageMonteCarloSimulationMember_b6e3fd05-1250-4baa-b42e-3b20787b781c_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_ifrs-full_DerivativeFinancialAssets_64994e6d-e997-4105-8202-63c7729eeb84_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial assets</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DerivativeFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialAssets" xlink:to="lab_ifrs-full_DerivativeFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_a2aeaedc-4fe8-4208-95ea-96f3efc943cf_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComponentsOfEquityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_ifrs-full_ComponentsOfEquityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExpenseInRespectOfRSULiabilityAward_97cb877c-4c38-48a6-874f-ca6b2df53a1e_terseLabel_en-US" xlink:label="lab_ptv_ExpenseInRespectOfRSULiabilityAward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expense in respect of RSU liability award</link:label>
    <link:label id="lab_ptv_ExpenseInRespectOfRSULiabilityAward_label_en-US" xlink:label="lab_ptv_ExpenseInRespectOfRSULiabilityAward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expense in respect of RSU liability award</link:label>
    <link:label id="lab_ptv_ExpenseInRespectOfRSULiabilityAward_documentation_en-US" xlink:label="lab_ptv_ExpenseInRespectOfRSULiabilityAward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expense in respect of RSU liability award</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExpenseInRespectOfRSULiabilityAward" xlink:href="ptv-20231231.xsd#ptv_ExpenseInRespectOfRSULiabilityAward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExpenseInRespectOfRSULiabilityAward" xlink:to="lab_ptv_ExpenseInRespectOfRSULiabilityAward" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedTable_6c70cbb8-272c-4beb-9f20-71b56471bab6_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedTable_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Options granted [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedTable_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsGrantedTable" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageOptionsGrantedTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsGrantedTable" xlink:to="lab_ptv_WeightedAverageOptionsGrantedTable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentShellCompanyReport_ea05172f-338c-49d5-b416-85b60f393917_terseLabel_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Shell Company Report</link:label>
    <link:label id="lab_dei_DocumentShellCompanyReport_label_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Shell Company Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentShellCompanyReport" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentShellCompanyReport" xlink:to="lab_dei_DocumentShellCompanyReport" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WhollyOwnedProgramsMember_85f95100-14ac-4db5-a172-07db8c94d514_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>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WhollyOwnedProgramsMember" xlink:href="ptv-20231231.xsd#ptv_WhollyOwnedProgramsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WhollyOwnedProgramsMember" xlink:to="lab_ptv_WhollyOwnedProgramsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TimeToLiquidityMeasurementInputMember_8f4a3da4-3015-478a-8015-3ac8f35e2657_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>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TimeToLiquidityMeasurementInputMember" xlink:href="ptv-20231231.xsd#ptv_TimeToLiquidityMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TimeToLiquidityMeasurementInputMember" xlink:to="lab_ptv_TimeToLiquidityMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_Over10PercentOfRevenueMember_98308d58-a7f1-449a-9d17-72f4bd1e25fa_terseLabel_en-US" xlink:label="lab_ptv_Over10PercentOfRevenueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Over 10 percent of revenue</link:label>
    <link:label id="lab_ptv_Over10PercentOfRevenueMember_label_en-US" xlink:label="lab_ptv_Over10PercentOfRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Over 10 percent of revenue [Member]</link:label>
    <link:label id="lab_ptv_Over10PercentOfRevenueMember_documentation_en-US" xlink:label="lab_ptv_Over10PercentOfRevenueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Over 10 percent of revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_Over10PercentOfRevenueMember" xlink:href="ptv-20231231.xsd#ptv_Over10PercentOfRevenueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_Over10PercentOfRevenueMember" xlink:to="lab_ptv_Over10PercentOfRevenueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FixturesAndFittingsMember_f245addf-128d-4772-8b4b-cc5d2b98aecc_terseLabel_en-US" xlink:label="lab_ifrs-full_FixturesAndFittingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Furniture and fixtures</link:label>
    <link:label id="lab_ifrs-full_FixturesAndFittingsMember_label_en-US" xlink:label="lab_ifrs-full_FixturesAndFittingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixtures and fittings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FixturesAndFittingsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FixturesAndFittingsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FixturesAndFittingsMember" xlink:to="lab_ifrs-full_FixturesAndFittingsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount_d1d3454c-fc7f-4ac4-8016-e25648f0f19c_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-20231231.xsd#ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:to="lab_ptv_RoyaltiesLiabilitiesEligibilityToReceiveAdditionalRoyaltyPaymentAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_8b8cb689-f6af-467f-8664-084568a32ede_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_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Level3OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeneralAndAdministrativeExpense_e1dc4eb0-4f85-4876-ba32-626054a400a2_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_32efc629-235d-4367-9853-048ed2a08abf_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_540d170b-9b55-47e1-ac95-f80fa9a81c60_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_5327d3df-e3a8-41dd-b1a9-0e0648941556_periodStartLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value, RSU outstanding beginning balance (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_70dc19b4-735c-4b42-b2da-db228aa56793_periodEndLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value, RSU Ending balance (in GBP per share)</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments outstanding in share-based payment arrangement</link:label>
    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value of other equity instruments outstanding in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:to="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsOutstandingInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseAt6TideStreetMember_de5b37a0-be3e-4bc8-a08c-e0cd44caef82_terseLabel_en-US" xlink:label="lab_ptv_LeaseAt6TideStreetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease At 6 Tide Street</link:label>
    <link:label id="lab_ptv_LeaseAt6TideStreetMember_label_en-US" xlink:label="lab_ptv_LeaseAt6TideStreetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease At 6 Tide Street [Member]</link:label>
    <link:label id="lab_ptv_LeaseAt6TideStreetMember_documentation_en-US" xlink:label="lab_ptv_LeaseAt6TideStreetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease At 6 Tide Street</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseAt6TideStreetMember" xlink:href="ptv-20231231.xsd#ptv_LeaseAt6TideStreetMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseAt6TideStreetMember" xlink:to="lab_ptv_LeaseAt6TideStreetMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock_6927d26f-e9fa-492b-9a43-6156e4fcb99a_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Weighted-Average Number of Ordinary Shares</link:label>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock_label_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted-Average Number of Ordinary Shares [Table Text Block]</link:label>
    <link:label id="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted-Average Number of Ordinary Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:to="lab_ptv_WeightedAverageNumberOfOrdinarySharesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Liabilities_063bf676-9d81-48b7-87ef-c009a0e19d6f_totalLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_label_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_NumberOfSharesIssuedAndFullyPaid_faa20b34-1fa8-4645-9fde-d612af93f841_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfSharesIssuedAndFullyPaid"/>
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    <link:label id="lab_ptv_PerformanceSharePlanTable_de22064c-2f27-40f9-9dac-553c3e03a125_terseLabel_en-US" xlink:label="lab_ptv_PerformanceSharePlanTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance Share Plan [Table]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanTable_label_en-US" xlink:label="lab_ptv_PerformanceSharePlanTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance Share Plan [Table]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanTable_documentation_en-US" xlink:label="lab_ptv_PerformanceSharePlanTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance Share Plan [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceSharePlanTable" xlink:href="ptv-20231231.xsd#ptv_PerformanceSharePlanTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceSharePlanTable" xlink:to="lab_ptv_PerformanceSharePlanTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangeInEquityOfSubsidiaries_c34390c2-65cb-4749-a855-f12f7ef6591a_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_LaterThanOneYearAndNotLaterThanFiveYearsMember_1261bce8-57c6-4bba-987e-9ee5994ea88d_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">One year to Five Years</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year and not later than five years [member]</link:label>
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    <link:label id="lab_ifrs-full_AggregatedMeasurementMember_label_en-US" xlink:label="lab_ifrs-full_AggregatedMeasurementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aggregated measurement [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AggregatedMeasurementMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AggregatedMeasurementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AggregatedMeasurementMember" xlink:to="lab_ifrs-full_AggregatedMeasurementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_f77e293c-2228-42c6-9de6-9ad2d961577f_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share Capital</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for issued capital [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory"/>
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    <link:label id="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract_913bfda0-86ed-422f-8078-7963c6cfaeaf_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>
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    <link:label id="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_3238fbf3-073e-4444-9268-800efd04173a_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated amortization</link:label>
    <link:label id="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_label_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated depreciation and amortisation [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember"/>
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    <link:label id="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_6ed11d4e-767b-4c41-a6e5-d02c11106714_terseLabel_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Useful life measured as period of time, property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Useful life measured as period of time, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain_fb1d7612-6ee8-400a-a9cf-74ea646a64d3_terseLabel_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods [Domain]</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain_label_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods [Domain]</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain_documentation_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingLossCarryforwardsExpirationPeriodsDomain" xlink:href="ptv-20231231.xsd#ptv_OperatingLossCarryforwardsExpirationPeriodsDomain"/>
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    <link:label id="lab_ptv_EnsofBiosystemsIncMember_a3ac7221-3a4d-4f5e-b198-2bb68854acce_verboseLabel_en-US" xlink:label="lab_ptv_EnsofBiosystemsIncMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Ensof Biosystems, Inc. (held indirectly through Enlight)</link:label>
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    <link:label id="lab_ptv_EnsofBiosystemsIncMember_documentation_en-US" xlink:label="lab_ptv_EnsofBiosystemsIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ensof Biosystems Inc</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_5b1ade5c-9fc2-4b56-8caa-2b044f9842f5_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Underlying stock price (GBP) (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_cd567560-6f3a-4c7a-95ba-f39fbde23458_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>
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    <link:label id="lab_ifrs-full_LeaseLiabilitiesMember_aba0ce4c-7656-4712-b99e-6d079ac55158_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilitiesMember_label_en-US" xlink:label="lab_ifrs-full_LeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease liabilities [member]</link:label>
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    <link:label id="lab_ptv_OperatingExpenseAbstract_0d0a9928-45c7-4c80-8fb0-ef8457dfef20_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>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingExpenseAbstract" xlink:href="ptv-20231231.xsd#ptv_OperatingExpenseAbstract"/>
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    <link:label id="lab_ifrs-full_RevenueFromRoyalties_54c85fbf-0eaa-4724-a985-f163748c1453_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromRoyalties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Royalty income</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromRoyalties" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevenueFromRoyalties"/>
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    <link:label id="lab_ptv_SignificantSubsidiaryPlansTable_80d60530-5106-4b7d-8be5-4037c120e75d_terseLabel_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant Subsidiary Plans [Table]</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlansTable_label_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Subsidiary Plans [Table]</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlansTable_documentation_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant Subsidiary Plans [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SignificantSubsidiaryPlansTable" xlink:href="ptv-20231231.xsd#ptv_SignificantSubsidiaryPlansTable"/>
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    <link:label id="lab_ifrs-full_SegmentsMember_a5739964-c7c3-44f5-930a-0e186920a2f8_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsMember" xlink:to="lab_ifrs-full_SegmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_8879f6b9-ca16-4fd6-8993-13ce315a5d41_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_InterestExpenseOnBorrowings_04ee9350-3956-4c8a-8ee7-a31e5c4008e0_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestExpenseOnBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnBorrowings" xlink:to="lab_ifrs-full_InterestExpenseOnBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_d3c7478b-5d41-4cc1-9dbf-5a35833513e7_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DrBharattChowriraMember_e1c1b2b6-329e-414f-b862-a9f4136f9052_terseLabel_en-US" xlink:label="lab_ptv_DrBharattChowriraMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dr Bharatt Chowrira</link:label>
    <link:label id="lab_ptv_DrBharattChowriraMember_label_en-US" xlink:label="lab_ptv_DrBharattChowriraMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dr Bharatt Chowrira [Member]</link:label>
    <link:label id="lab_ptv_DrBharattChowriraMember_documentation_en-US" xlink:label="lab_ptv_DrBharattChowriraMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dr Bharatt Chowrira</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DrBharattChowriraMember" xlink:href="ptv-20231231.xsd#ptv_DrBharattChowriraMember"/>
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    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_cdb7453d-35b7-498b-9528-4cb54db47142_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Detailed Information about Borrowings</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about borrowings [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RoyaltiesLiabilitiesInitialPaymentReceivedAtClosing_340fa613-f87f-4f42-af9e-1616eb17f2cb_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-20231231.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_FinancialAssetsAtFairValue_0eac3964-abfd-4aab-b6cf-ab05d215326c_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_a1f4e181-403b-4e2a-b9ba-15207a655f61_verboseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financial assets, at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_7ff0c240-fc80-48b8-ac4a-23e2d9031b5a_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_4e8541f8-adf7-4478-ab22-0f7fd4ef28ac_periodEndLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialAssetsAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValue" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedLineItems_7e4aa1e8-62d2-49fc-ba59-e9f7d600c051_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Options granted [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedLineItems_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Options granted [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsGrantedLineItems_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsGrantedLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsGrantedLineItems" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageOptionsGrantedLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsGrantedLineItems" xlink:to="lab_ptv_WeightedAverageOptionsGrantedLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock_43ff8ec5-5272-4aff-8b2b-788ca3b7a0a4_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Estimated Useful Life of Assets</link:label>
    <link:label id="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Estimated Useful Life Of Assets [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Estimated Useful Life Of Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:to="lab_ptv_DisclosureOfEstimatedUsefulLifeOfAssetsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock_bf363b92-4fd7-4039-b15f-f1afaa888861_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Accumulated Depreciation and Impairment Loss</link:label>
    <link:label id="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of accumulated depreciation and impairment loss [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accumulated depreciation and impairment loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:to="lab_ptv_DisclosureOfAccumulatedDepreciationAndImpairmentLossTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeTwoMember_8b4e176f-1223-480c-870b-b41b30563809_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1.00 to 2.00</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeTwoMember_label_en-US" xlink:label="lab_ptv_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range Two [Member]</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeTwoMember_documentation_en-US" xlink:label="lab_ptv_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range Two [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeTwoMember" xlink:href="ptv-20231231.xsd#ptv_ExercisePriceRangeTwoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePriceRangeTwoMember" xlink:to="lab_ptv_ExercisePriceRangeTwoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RelatedPartyTransactionsTable_08995203-c0c2-4504-bf5f-50ad5dfab505_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-20231231.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_DepreciationRightofuseAssets_159d8452-e3f6-49bf-86a7-f7c90de94047_negatedLabel_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_a310b62a-54d8-48d7-acf8-f49a27830fcf_terseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation, right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationRightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DepreciationRightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationRightofuseAssets" xlink:to="lab_ifrs-full_DepreciationRightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_6e4fdcb7-3096-46ef-aac7-615f420cc38a_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_e3c2c410-a9ad-44bf-af31-bd26fda58355_negatedLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Share of net loss of associates accounted for using the equity method</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_51e19ef1-8b5e-4859-a88a-ff4c51fb0cd6_netLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Share in net loss of associates</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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
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    <link:label id="lab_ptv_BorrowingsInterestOnlyPeriodInterestRate_8e1c2bb3-4313-42eb-aaf5-58cc799e9707_terseLabel_en-US" xlink:label="lab_ptv_BorrowingsInterestOnlyPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate, interest only period</link:label>
    <link:label id="lab_ptv_BorrowingsInterestOnlyPeriodInterestRate_label_en-US" xlink:label="lab_ptv_BorrowingsInterestOnlyPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Interest Only Period, Interest Rate</link:label>
    <link:label id="lab_ptv_BorrowingsInterestOnlyPeriodInterestRate_documentation_en-US" xlink:label="lab_ptv_BorrowingsInterestOnlyPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Interest Only Period, Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsInterestOnlyPeriodInterestRate" xlink:href="ptv-20231231.xsd#ptv_BorrowingsInterestOnlyPeriodInterestRate"/>
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    <link:label id="lab_ptv_ShareBasedPaymentsMember_58af28eb-bb7e-4476-bd01-0036628f9346_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based payments</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsMember_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based payments [Member]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentsMember_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentsMember" xlink:href="ptv-20231231.xsd#ptv_ShareBasedPaymentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsMember" xlink:to="lab_ptv_ShareBasedPaymentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CurrentLiabilitiesFromShareBasedPaymentTransactions_f37f3c76-ebb6-4f4f-b9bc-e7e4f5dd5140_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-20231231.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_FairValueOfWarrants_5e3d32a5-0acc-4346-a555-823ef129bd62_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-20231231.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_OtherReservesMember_8eb306a7-97a6-43b6-a332-91b7b40e4c33_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_LongtermBorrowings_ffb4ba4c-d2a1-498e-a4a8-b86f34b55188_terseLabel_en-US" xlink:label="lab_ifrs-full_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term loan</link:label>
    <link:label id="lab_ifrs-full_LongtermBorrowings_label_en-US" xlink:label="lab_ifrs-full_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current portion of non-current borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LongtermBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LongtermBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LongtermBorrowings" xlink:to="lab_ifrs-full_LongtermBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentsAbstract_b01fc3db-bcf3-46cd-b397-6d1a9fe90713_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-20231231.xsd#ptv_ShareBasedPaymentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentsAbstract" xlink:to="lab_ptv_ShareBasedPaymentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock_743d78aa-649d-4979-8ad5-9c37bae2f0a3_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis of consolidation</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Consolidation [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Basis Of Consolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:href="ptv-20231231.xsd#ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForBasisOfConsolidationPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock_f60d7751-a53c-4a67-be3d-454eb506c601_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of Future Royalties Liability</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Sale Of Future Royalties Liability [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Sale Of Future Royalties Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:href="ptv-20231231.xsd#ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForSaleOfFutureRoyaltiesLiabilityPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised_ff640442-298a-4611-8572-e25d0caafe35_terseLabel_en-US" xlink:label="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deductible temporary difference</link:label>
    <link:label id="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised_label_en-US" xlink:label="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deductible temporary differences for which no deferred tax asset is recognised</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:to="lab_ifrs-full_DeductibleTemporaryDifferencesForWhichNoDeferredTaxAssetIsRecognised" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid_6b710d32-0611-482f-a90c-152c81181f1b_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-20231231.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_HistoricalVolatilityForSharesMeasurementInputMember_406b4769-e1a5-4746-a0ab-3a13bbda25be_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_UnobservableInputsMember_e9e99325-178b-4690-bfa4-77de99bef14c_terseLabel_en-US" xlink:label="lab_ifrs-full_UnobservableInputsMember" 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_UnobservableInputsMember_label_en-US" xlink:label="lab_ifrs-full_UnobservableInputsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unobservable inputs [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnobservableInputsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_UnobservableInputsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsMember" xlink:to="lab_ifrs-full_UnobservableInputsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FairValueOfEquityInvestmentAfterDeconsolidation_d81309e0-1cfc-4f54-aadf-24c6ee5782db_terseLabel_en-US" xlink:label="lab_ptv_FairValueOfEquityInvestmentAfterDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of equity investment</link:label>
    <link:label id="lab_ptv_FairValueOfEquityInvestmentAfterDeconsolidation_label_en-US" xlink:label="lab_ptv_FairValueOfEquityInvestmentAfterDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Of Equity Investment After Deconsolidation</link:label>
    <link:label id="lab_ptv_FairValueOfEquityInvestmentAfterDeconsolidation_documentation_en-US" xlink:label="lab_ptv_FairValueOfEquityInvestmentAfterDeconsolidation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Of Equity Investment After Deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FairValueOfEquityInvestmentAfterDeconsolidation" xlink:href="ptv-20231231.xsd#ptv_FairValueOfEquityInvestmentAfterDeconsolidation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FairValueOfEquityInvestmentAfterDeconsolidation" xlink:to="lab_ptv_FairValueOfEquityInvestmentAfterDeconsolidation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_c10addc3-8b43-49ed-9b91-98e9e9a36c9d_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ClassesOfFinancialLiabilitiesAxis_f9f079b6-0426-4aa2-a327-2a93a9a4da52_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AppeeringMember_d7fc6a70-8ec2-49d5-84d8-19e04d9f42e4_verboseLabel_en-US" xlink:label="lab_ptv_AppeeringMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Appeering Inc.</link:label>
    <link:label id="lab_ptv_AppeeringMember_17467e67-35ad-45d0-925d-42e85303fe0c_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-20231231.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_LeaseLiabilityNumberOfRenewalPeriods_528f0892-3ede-47b9-b7a7-20371c2f787a_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, number of renewal options</link:label>
    <link:label id="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods_label_en-US" xlink:label="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Number Of Renewal Periods</link:label>
    <link:label id="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Number Of Renewal Periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:href="ptv-20231231.xsd#ptv_LeaseLiabilityNumberOfRenewalPeriods"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:to="lab_ptv_LeaseLiabilityNumberOfRenewalPeriods" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesMember_8ae3b28d-79c5-450c-91c5-269a9620e940_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesMember" 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_FinancialLiabilitiesMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NontradingHoldingCompaniesMember_ca3dc330-a188-48e2-b418-7cd668f7b161_terseLabel_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nontrading holding companies</link:label>
    <link:label id="lab_ptv_NontradingHoldingCompaniesMember_label_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nontrading Holding Companies [Member]</link:label>
    <link:label id="lab_ptv_NontradingHoldingCompaniesMember_documentation_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nontrading Holding Companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NontradingHoldingCompaniesMember" xlink:href="ptv-20231231.xsd#ptv_NontradingHoldingCompaniesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NontradingHoldingCompaniesMember" xlink:to="lab_ptv_NontradingHoldingCompaniesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComputerEquipmentMember_eca698d4-57f9-43ec-ae49-34e13cc3ab20_terseLabel_en-US" xlink:label="lab_ifrs-full_ComputerEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Computer equipment and software</link:label>
    <link:label id="lab_ifrs-full_ComputerEquipmentMember_label_en-US" xlink:label="lab_ifrs-full_ComputerEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Computer equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComputerEquipmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComputerEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComputerEquipmentMember" xlink:to="lab_ifrs-full_ComputerEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_19b978ce-15a0-40cc-ab3b-55bbbd7345e2_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_74e61e6f-5942-42d9-bf90-94dbabcf57c1_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), net</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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_AuditorInformationAbstract_label_en-US" xlink:label="lab_ptv_AuditorInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Information [Abstract]</link:label>
    <link:label id="lab_ptv_AuditorInformationAbstract_documentation_en-US" xlink:label="lab_ptv_AuditorInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Auditor Information</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditorInformationAbstract" xlink:href="ptv-20231231.xsd#ptv_AuditorInformationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditorInformationAbstract" xlink:to="lab_ptv_AuditorInformationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechLYTMember_4ac4d3c3-cbef-430b-9ea0-f81ed63cf1e8_verboseLabel_en-US" xlink:label="lab_ptv_PureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech LYT, Inc. (formerly Ariya Therapeutics, Inc.)</link:label>
    <link:label id="lab_ptv_PureTechLYTMember_label_en-US" xlink:label="lab_ptv_PureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech LYT [Member]</link:label>
    <link:label id="lab_ptv_PureTechLYTMember_documentation_en-US" xlink:label="lab_ptv_PureTechLYTMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech LYT</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechLYTMember" xlink:href="ptv-20231231.xsd#ptv_PureTechLYTMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechLYTMember" xlink:to="lab_ptv_PureTechLYTMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AmericanDepositarySharesMember_41202608-0842-4323-897f-6b46dbc681ab_terseLabel_en-US" xlink:label="lab_ptv_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">American Depositary Shares</link:label>
    <link:label id="lab_ptv_AmericanDepositarySharesMember_label_en-US" xlink:label="lab_ptv_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">American Depositary Shares [Member]</link:label>
    <link:label id="lab_ptv_AmericanDepositarySharesMember_documentation_en-US" xlink:label="lab_ptv_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">American Depositary Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AmericanDepositarySharesMember" xlink:href="ptv-20231231.xsd#ptv_AmericanDepositarySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AmericanDepositarySharesMember" xlink:to="lab_ptv_AmericanDepositarySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MajorEquityInvestmentMember_eac550d1-8a28-4fd4-9971-b772a199f5b5_terseLabel_en-US" xlink:label="lab_ptv_MajorEquityInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Major Equity Investment</link:label>
    <link:label id="lab_ptv_MajorEquityInvestmentMember_label_en-US" xlink:label="lab_ptv_MajorEquityInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Equity Investment [Member]</link:label>
    <link:label id="lab_ptv_MajorEquityInvestmentMember_documentation_en-US" xlink:label="lab_ptv_MajorEquityInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Major Equity Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MajorEquityInvestmentMember" xlink:href="ptv-20231231.xsd#ptv_MajorEquityInvestmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MajorEquityInvestmentMember" xlink:to="lab_ptv_MajorEquityInvestmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems_a45ab959-a713-4d8a-a4e5-da07a77393cc_terseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Line Items]</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems_label_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Line Items]</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems_documentation_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:href="ptv-20231231.xsd#ptv_DeferredTaxAssetsAndLiabilitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:to="lab_ptv_DeferredTaxAssetsAndLiabilitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement_41a69c4c-2bd0-4ee0-b679-cef5f25cfa1e_negatedLabel_en-US" xlink:label="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Share Options Deconsolidated In Share-based Payment Arrangement</link:label>
    <link:label id="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Share Options Deconsolidated In Share-based Payment Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:href="ptv-20231231.xsd#ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:to="lab_ptv_NumberOfShareOptionsDeconsolidatedInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InactiveSubsidiariesMember_f7259e6f-4a35-44b7-8b00-40c845c35f71_terseLabel_en-US" xlink:label="lab_ptv_InactiveSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inactive subsidiaries</link:label>
    <link:label id="lab_ptv_InactiveSubsidiariesMember_label_en-US" xlink:label="lab_ptv_InactiveSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inactive Subsidiaries [Member]</link:label>
    <link:label id="lab_ptv_InactiveSubsidiariesMember_documentation_en-US" xlink:label="lab_ptv_InactiveSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inactive Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InactiveSubsidiariesMember" xlink:href="ptv-20231231.xsd#ptv_InactiveSubsidiariesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InactiveSubsidiariesMember" xlink:to="lab_ptv_InactiveSubsidiariesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_8ac0be77-5607-46a3-b3b1-c82b90d847c9_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_be3f166e-1733-4000-8f30-a9198ab0cf99_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term portion of lease liability</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_dei_EntityEmergingGrowthCompany_60421fd6-b86c-41b2-8682-cb2d634b2cf6_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfInvestmentHeldAtFairValueMember_dbbbaad9-2390-4049-95a2-3af1e5cd7435_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-20231231.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_ptv_GelesisHoldingsIncMember_73bd8f14-cda0-4a95-b695-bf932fa6bc62_terseLabel_en-US" xlink:label="lab_ptv_GelesisHoldingsIncMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gelesis Holdings Inc.</link:label>
    <link:label id="lab_ptv_GelesisHoldingsIncMember_label_en-US" xlink:label="lab_ptv_GelesisHoldingsIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gelesis Holdings Inc. [Member]</link:label>
    <link:label id="lab_ptv_GelesisHoldingsIncMember_documentation_en-US" xlink:label="lab_ptv_GelesisHoldingsIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gelesis Holdings Inc.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GelesisHoldingsIncMember" xlink:href="ptv-20231231.xsd#ptv_GelesisHoldingsIncMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GelesisHoldingsIncMember" xlink:to="lab_ptv_GelesisHoldingsIncMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss_f8b7c00e-54e7-4adf-b629-ac59936cfead_terseLabel_en-US" xlink:label="lab_ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of deferred gain</link:label>
    <link:label id="lab_ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss_label_en-US" xlink:label="lab_ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (Losses) Arising From Difference Between Fair Value And Transaction Price Of Derivative Assets Through Profit Or Loss</link:label>
    <link:label id="lab_ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss_documentation_en-US" xlink:label="lab_ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gains (Losses) Arising From Difference Between Fair Value And Transaction Price Of Derivative Assets Through Profit Or Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss" xlink:href="ptv-20231231.xsd#ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss" xlink:to="lab_ptv_GainsLossesArisingFromDifferenceBetweenFairValueAndTransactionPriceOfDerivativeAssetsThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EnlightMember_6c0de549-1906-4951-833d-5b84e438c22f_verboseLabel_en-US" xlink:label="lab_ptv_EnlightMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Enlight Biosciences, LLC</link:label>
    <link:label id="lab_ptv_EnlightMember_2c2868a4-18dd-43b9-959c-07d2a37ca8fe_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</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-20231231.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_ifrs-full_StatementOfFinancialPositionAbstract_9dc6ed53-e31b-49ca-9d12-ab4fb91340a4_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfFinancialPositionAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleNotesLineItems_d1e5c1a7-2111-4ca6-96af-f70fc4715775_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Notes [Line Items]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesLineItems_label_en-US" xlink:label="lab_ptv_ConvertibleNotesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Notes [Line Items]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesLineItems_documentation_en-US" xlink:label="lab_ptv_ConvertibleNotesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNotesLineItems" xlink:href="ptv-20231231.xsd#ptv_ConvertibleNotesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNotesLineItems" xlink:to="lab_ptv_ConvertibleNotesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DiscountConversionFromNotesNonQualifiedFinancing_ae10088f-7ca6-4645-88b1-1d94ce252aac_terseLabel_en-US" xlink:label="lab_ptv_DiscountConversionFromNotesNonQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount, conversion from notes - non qualified financing</link:label>
    <link:label id="lab_ptv_DiscountConversionFromNotesNonQualifiedFinancing_label_en-US" xlink:label="lab_ptv_DiscountConversionFromNotesNonQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discount, conversion from notes - non qualified financing</link:label>
    <link:label id="lab_ptv_DiscountConversionFromNotesNonQualifiedFinancing_documentation_en-US" xlink:label="lab_ptv_DiscountConversionFromNotesNonQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Discount, conversion from notes - non qualified financing</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DiscountConversionFromNotesNonQualifiedFinancing" xlink:href="ptv-20231231.xsd#ptv_DiscountConversionFromNotesNonQualifiedFinancing"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DiscountConversionFromNotesNonQualifiedFinancing" xlink:to="lab_ptv_DiscountConversionFromNotesNonQualifiedFinancing" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_077ed131-2701-49ac-96cd-db89b8ef5dc4_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfShareCapitalAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:to="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsInAssociatesMember_c2aab4d6-b32c-4130-8bd2-f2caf43e6123_terseLabel_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Associates</link:label>
    <link:label id="lab_ptv_InvestmentsInAssociatesMember_label_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in associates [Member]</link:label>
    <link:label id="lab_ptv_InvestmentsInAssociatesMember_documentation_en-US" xlink:label="lab_ptv_InvestmentsInAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments in associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InvestmentsInAssociatesMember" xlink:href="ptv-20231231.xsd#ptv_InvestmentsInAssociatesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InvestmentsInAssociatesMember" xlink:to="lab_ptv_InvestmentsInAssociatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_6392b429-4856-4403-97e8-0fb3d886d8b4_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_e0c57cd9-b1df-4ccb-bbd1-d7b65515f54c_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_SubsidiaryNotesPayableLoansLineItems_1597e984-b98c-4eec-b063-1f1c25819e0d_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansLineItems_label_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansLineItems_documentation_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryNotesPayableLoansLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:to="lab_ptv_SubsidiaryNotesPayableLoansLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems_b47d1703-deef-4d53-ade9-35b5088d3945_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfIntangibleAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangesMember_714b58b7-71c8-45fa-b93c-9f45cab43c39_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesMember" 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_RangesMember_label_en-US" xlink:label="lab_ifrs-full_RangesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ranges [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RangesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangesMember" xlink:to="lab_ifrs-full_RangesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AcquisitionOfEquityInstrumentsInOtherEntities_26e9c412-5627-406f-8307-c705c2f87a15_terseLabel_en-US" xlink:label="lab_ptv_AcquisitionOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of equity instruments in other entities</link:label>
    <link:label id="lab_ptv_AcquisitionOfEquityInstrumentsInOtherEntities_label_en-US" xlink:label="lab_ptv_AcquisitionOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition of equity instruments in other entities</link:label>
    <link:label id="lab_ptv_AcquisitionOfEquityInstrumentsInOtherEntities_documentation_en-US" xlink:label="lab_ptv_AcquisitionOfEquityInstrumentsInOtherEntities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Acquisition of equity instruments in other entities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AcquisitionOfEquityInstrumentsInOtherEntities" xlink:href="ptv-20231231.xsd#ptv_AcquisitionOfEquityInstrumentsInOtherEntities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AcquisitionOfEquityInstrumentsInOtherEntities" xlink:to="lab_ptv_AcquisitionOfEquityInstrumentsInOtherEntities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnPreTaxEarnings_8d943b15-8194-4aa9-8739-5cad3cbadfe1_negatedTerseLabel_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnPreTaxEarnings" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Sensitivity analysis for equity price risk, impact on pre-tax earnings</link:label>
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    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnPreTaxEarnings_documentation_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnPreTaxEarnings" 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 Change In Risk Variable, Impact On Pre-Tax Earnings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnPreTaxEarnings" xlink:href="ptv-20231231.xsd#ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnPreTaxEarnings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnPreTaxEarnings" xlink:to="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariableImpactOnPreTaxEarnings" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidatedFormerSubsidiaryOperatingCompaniesMember_cf98ffc4-47f9-48d9-bcb2-6bd52422d908_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-20231231.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_dei_EntityAddressPostalZipCode_ab740d4a-bb24-4271-8e48-063850c7db3e_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedTable_346d4e8b-6e29-4039-8623-1b152e47eb6e_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Options forfeited [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedTable_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Options forfeited [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsForfeitedTable_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsForfeitedTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Options forfeited [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsForfeitedTable" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageOptionsForfeitedTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsForfeitedTable" xlink:to="lab_ptv_WeightedAverageOptionsForfeitedTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RevenueLineItems_9f4939ec-947b-400a-80bd-d6cb7c2a0c0b_terseLabel_en-US" xlink:label="lab_ptv_RevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue [Line Items]</link:label>
    <link:label id="lab_ptv_RevenueLineItems_label_en-US" xlink:label="lab_ptv_RevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue [Line Items]</link:label>
    <link:label id="lab_ptv_RevenueLineItems_documentation_en-US" xlink:label="lab_ptv_RevenueLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RevenueLineItems" xlink:href="ptv-20231231.xsd#ptv_RevenueLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RevenueLineItems" xlink:to="lab_ptv_RevenueLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesLineItems_133e4453-e874-4242-8a1f-735d9bfbe7a9_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Line Items]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesLineItems_label_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Line Items]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesLineItems_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfInformationOfEmployeesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:to="lab_ptv_DisclosureOfInformationOfEmployeesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LibraBiosciencesIncMember_e5e2b605-3ace-464f-bd98-820119f6b6dc_verboseLabel_en-US" xlink:label="lab_ptv_LibraBiosciencesIncMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Libra Biosciences, Inc.</link:label>
    <link:label id="lab_ptv_LibraBiosciencesIncMember_label_en-US" xlink:label="lab_ptv_LibraBiosciencesIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Libra Biosciences Inc [Member]</link:label>
    <link:label id="lab_ptv_LibraBiosciencesIncMember_documentation_en-US" xlink:label="lab_ptv_LibraBiosciencesIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Libra Biosciences Inc</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LibraBiosciencesIncMember" xlink:href="ptv-20231231.xsd#ptv_LibraBiosciencesIncMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LibraBiosciencesIncMember" xlink:to="lab_ptv_LibraBiosciencesIncMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfRisksAxis_8b49b0c5-55b7-479c-929d-5b3fe33b1c8b_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of risks [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfRisksAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of risks [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfRisksAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfRisksAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksAxis" xlink:to="lab_ifrs-full_TypesOfRisksAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory_dd39f70e-2460-4c2f-969e-01bf4451b6fd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Range of Exercise Prices of Outstanding Share Options</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory"/>
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    <link:label id="lab_ifrs-full_BorrowingsByNameAxis_9cca825d-b461-424a-b666-ef61143b84dd_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings by name [axis]</link:label>
    <link:label id="lab_ifrs-full_BorrowingsByNameAxis_label_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings by name [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsByNameAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BorrowingsByNameAxis"/>
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    <link:label id="lab_ifrs-full_ReceivablesFromContractsWithCustomers_66fa2a37-e02a-45e3-a5d0-65396220591f_terseLabel_en-US" xlink:label="lab_ifrs-full_ReceivablesFromContractsWithCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivables related to contract revenue</link:label>
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    <link:label id="lab_ptv_PureTechSecuritiesCorpMember_81eb3d57-bca6-4401-aa7e-98c1ef200435_verboseLabel_en-US" xlink:label="lab_ptv_PureTechSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech Securities Corp.</link:label>
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    <link:label id="lab_srt_MinimumMember_14ba6dea-b737-4af8-96b2-0ff05cd6dd65_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/2023/elts/srt-2023.xsd#srt_MinimumMember"/>
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    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_a74129ef-6d7f-419d-8e61-313710748c0f_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>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:href="ptv-20231231.xsd#ptv_NoncashInterestExpenseRoyaltyLiability"/>
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    <link:label id="lab_ifrs-full_OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_7f70d20e-6e80-4925-9fb0-25c75596c1be_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of investments held at fair value</link:label>
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    <link:label id="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfOtherFinancialInstruments_3f17dc5b-a02f-432b-a5c5-c781fb2a385e_negatedTerseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfOtherFinancialInstruments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Fair value gain on other financial instruments</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory_f5ca0ae1-8fbf-4e92-b7e9-24674755795d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New Standards and Interpretations</link:label>
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    <link:label id="lab_ptv_LeaseContractualTermsDomain_9be66988-69da-4acf-b2fb-32c743e52ca0_terseLabel_en-US" xlink:label="lab_ptv_LeaseContractualTermsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease Contractual Term [Domain]</link:label>
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    <link:label id="lab_ptv_ExerciseOfCallOptionsMaximumNumberOfCommonStocksToBePurchased_9e151d31-350e-4f2c-8980-242e221e7ebf_terseLabel_en-US" xlink:label="lab_ptv_ExerciseOfCallOptionsMaximumNumberOfCommonStocksToBePurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise of call options, maximum number of common stocks to be purchased (in shares)</link:label>
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    <link:label id="lab_ifrs-full_AggregatedTimeBandsMember_1b30a39e-5bea-46f0-b699-c89a0055a29d_terseLabel_en-US" xlink:label="lab_ifrs-full_AggregatedTimeBandsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregated time bands</link:label>
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    <link:label id="lab_ifrs-full_AuditorsRemunerationForOtherServices_40cb212a-7fb7-4cf7-a650-1b9e727243d8_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForOtherServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-audit related services</link:label>
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    <link:label id="lab_dei_BusinessContactMember_07271178-d96f-42b8-ba35-56a2f21b111a_terseLabel_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Contact</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_BusinessContactMember" xlink:to="lab_dei_BusinessContactMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_5c9aa373-b262-4018-8a3c-ddcb0f0b0365_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncomeTaxExpense_3f73e649-deee-4c3c-9b8d-4d19aeb22e8a_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_DisclosureOfDeferredTaxesExplanatory_8787ec1d-36b5-4a88-967a-2d9ae8c0ba3a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Deferred Taxes</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of deferred taxes [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDeferredTaxesExplanatory"/>
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    <link:label id="lab_ifrs-full_EquityAbstract_1945ccb0-3823-4f5c-b14b-3c1d1b1b00a0_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract" xlink:to="lab_ifrs-full_EquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage_faed60a7-36c7-4f32-b509-74bfe5d39809_terseLabel_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sensitivity analysis for equity price risk, impact on pre-tax earnings, percentage</link:label>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage_label_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage" 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 Change In Risk Variable, Percentage</link:label>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage_documentation_en-US" xlink:label="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage" 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 Change In Risk Variable, Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage" xlink:href="ptv-20231231.xsd#ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage" xlink:to="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleChangeInRiskVariablePercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_da423765-80dc-4223-a314-fb45ce6530e5_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated depreciation and impairment&#160;loss</link:label>
    <link:label id="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_label_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated depreciation, amortisation and impairment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:to="lab_ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives_476814dc-693f-4c21-b12e-862669d4b66b_terseLabel_en-US" xlink:label="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leasehold improvements purchased through lease incentives (deducted from Right of Use Asset)</link:label>
    <link:label id="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives_label_en-US" xlink:label="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leasehold improvements purchased through lease incentives</link:label>
    <link:label id="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives_documentation_en-US" xlink:label="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Leasehold improvements purchased through lease incentives</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:href="ptv-20231231.xsd#ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:to="lab_ptv_LeaseholdImprovementsPurchasedThroughLeaseIncentives" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentsTableTable_21ff5571-8b7a-4787-abfb-7ee34db22841_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-20231231.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_ptv_ProceedsFromIssueOfSharesToNCI_c2abc447-1623-428e-9426-2ae37cce1fc5_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfSharesToNCI" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NCI exercise of stock options in subsidiary</link:label>
    <link:label id="lab_ptv_ProceedsFromIssueOfSharesToNCI_label_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfSharesToNCI" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Issue Of shares to NCI</link:label>
    <link:label id="lab_ptv_ProceedsFromIssueOfSharesToNCI_documentation_en-US" xlink:label="lab_ptv_ProceedsFromIssueOfSharesToNCI" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Issue Of shares to NCI</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromIssueOfSharesToNCI" xlink:href="ptv-20231231.xsd#ptv_ProceedsFromIssueOfSharesToNCI"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromIssueOfSharesToNCI" xlink:to="lab_ptv_ProceedsFromIssueOfSharesToNCI" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfAccumulatedAmortizationTableTextBlock_a97aafbd-e7e3-48b6-a975-c7bad8cd855b_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedAmortizationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Accumulated Amortization</link:label>
    <link:label id="lab_ptv_DisclosureOfAccumulatedAmortizationTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedAmortizationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Accumulated amortization [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfAccumulatedAmortizationTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfAccumulatedAmortizationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Accumulated amortization</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfAccumulatedAmortizationTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfAccumulatedAmortizationTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfAccumulatedAmortizationTableTextBlock" xlink:to="lab_ptv_DisclosureOfAccumulatedAmortizationTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CustomerCMember_ae135b87-af67-44ea-9d56-51cb69c9d1fa_terseLabel_en-US" xlink:label="lab_ptv_CustomerCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer C</link:label>
    <link:label id="lab_ptv_CustomerCMember_label_en-US" xlink:label="lab_ptv_CustomerCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer C [Member]</link:label>
    <link:label id="lab_ptv_CustomerCMember_documentation_en-US" xlink:label="lab_ptv_CustomerCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Customer C</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CustomerCMember" xlink:href="ptv-20231231.xsd#ptv_CustomerCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CustomerCMember" xlink:to="lab_ptv_CustomerCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems_16f40fe8-1112-4c79-bf23-7f95fccb2028_terseLabel_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Line Items]</link:label>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems_label_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Line Items]</link:label>
    <link:label id="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems_documentation_en-US" xlink:label="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax assets [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:href="ptv-20231231.xsd#ptv_UnrecognizedDeferredTaxAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:to="lab_ptv_UnrecognizedDeferredTaxAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConversionToPreferred_0eeec62c-ec88-414d-9d02-7e7403a8c64d_terseLabel_en-US" xlink:label="lab_ptv_ConversionToPreferred" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conversion to subsidiary preferred shares</link:label>
    <link:label id="lab_ptv_ConversionToPreferred_label_en-US" xlink:label="lab_ptv_ConversionToPreferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conversion to preferred</link:label>
    <link:label id="lab_ptv_ConversionToPreferred_documentation_en-US" xlink:label="lab_ptv_ConversionToPreferred" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Conversion to preferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConversionToPreferred" xlink:href="ptv-20231231.xsd#ptv_ConversionToPreferred"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConversionToPreferred" xlink:to="lab_ptv_ConversionToPreferred" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfSharesRepurchased_07d82d93-cf6d-4093-9168-8126cdaf24b4_terseLabel_en-US" xlink:label="lab_ptv_StockRepurchaseProgramNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares repurchased under share repurchase program (in shares)</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfSharesRepurchased_label_en-US" xlink:label="lab_ptv_StockRepurchaseProgramNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Number Of Shares Repurchased</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramNumberOfSharesRepurchased_documentation_en-US" xlink:label="lab_ptv_StockRepurchaseProgramNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Number Of Shares Repurchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockRepurchaseProgramNumberOfSharesRepurchased" xlink:href="ptv-20231231.xsd#ptv_StockRepurchaseProgramNumberOfSharesRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockRepurchaseProgramNumberOfSharesRepurchased" xlink:to="lab_ptv_StockRepurchaseProgramNumberOfSharesRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharebasedPaymentArrangementsMember_7c012314-25de-456a-baa5-1d270990815d_terseLabel_en-US" xlink:label="lab_ifrs-full_SharebasedPaymentArrangementsMember" 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_SharebasedPaymentArrangementsMember_label_en-US" xlink:label="lab_ifrs-full_SharebasedPaymentArrangementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based payment arrangements [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharebasedPaymentArrangementsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SharebasedPaymentArrangementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharebasedPaymentArrangementsMember" xlink:to="lab_ifrs-full_SharebasedPaymentArrangementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PresentationOfLeasesForLesseeAbstract_label_en-US" xlink:label="lab_ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Presentation of leases for lessee [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PresentationOfLeasesForLesseeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:to="lab_ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_12326458-64f3-49bf-8f6f-7b93f8d93ccb_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Revenue</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of revenue from contracts with customers [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpectedDividendShareOptionsGranted_c9db8c39-1417-45a8-8beb-1a6812fe42b7_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_RelatedPartyTransactionsAbstract_d6805783-c3b0-430f-a2a7-49eb2cbd871e_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RelatedPartyTransactionsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RelatedPartyTransactionsAbstract" xlink:to="lab_ifrs-full_RelatedPartyTransactionsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockRepurchaseProgramPurchasePricePerShare_17daf1dd-320c-42a3-a3d0-24c87b098857_terseLabel_en-US" xlink:label="lab_ptv_StockRepurchaseProgramPurchasePricePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock repurchase program, purchase price per share</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramPurchasePricePerShare_label_en-US" xlink:label="lab_ptv_StockRepurchaseProgramPurchasePricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Purchase Price Per Share</link:label>
    <link:label id="lab_ptv_StockRepurchaseProgramPurchasePricePerShare_documentation_en-US" xlink:label="lab_ptv_StockRepurchaseProgramPurchasePricePerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Purchase Price Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockRepurchaseProgramPurchasePricePerShare" xlink:href="ptv-20231231.xsd#ptv_StockRepurchaseProgramPurchasePricePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockRepurchaseProgramPurchasePricePerShare" xlink:to="lab_ptv_StockRepurchaseProgramPurchasePricePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_56e5c97b-e6b2-4f3e-a2f1-bcec3c768caa_terseLabel_en-US" xlink:label="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation</link:label>
    <link:label id="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of Share based Payment expenses, non-deductible, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of Share based Payment expenses, non-deductible</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NetDeferredTaxAssetsNotRecognised_65625e1f-a588-4ccd-896c-5ac621833f0f_terseLabel_en-US" xlink:label="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets (liabilities), net, not recognized</link:label>
    <link:label id="lab_ptv_NetDeferredTaxAssetsNotRecognised_8034187b-a829-4582-b02e-eb2df6b14df2_totalLabel_en-US" xlink:label="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ptv_NetDeferredTaxAssetsNotRecognised_label_en-US" xlink:label="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net deferred tax assets, not recognised</link:label>
    <link:label id="lab_ptv_NetDeferredTaxAssetsNotRecognised_documentation_en-US" xlink:label="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net deferred tax assets, not recognised</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NetDeferredTaxAssetsNotRecognised" xlink:href="ptv-20231231.xsd#ptv_NetDeferredTaxAssetsNotRecognised"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NetDeferredTaxAssetsNotRecognised" xlink:to="lab_ptv_NetDeferredTaxAssetsNotRecognised" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfCustomersMember_549e36b3-1cce-4527-935a-90c6bce09b52_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of customers</link:label>
    <link:label id="lab_ifrs-full_TypesOfCustomersMember_label_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of customers [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfCustomersMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfCustomersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfCustomersMember" xlink:to="lab_ifrs-full_TypesOfCustomersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock_71b650a5-6df0-42bf-968d-d17a50c2c4a7_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Weighted Average Exercise Prices for Options Granted</link:label>
    <link:label id="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Weighted Average Exercise Prices for Options Granted [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Weighted Average Exercise Prices for Options Granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock" xlink:to="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsGrantedTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Revenue_11489240-826a-4060-83b1-03a9851ed27b_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_47a87dc1-ae58-4f95-9ce0-d4a6e388866f_terseLabel_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:label id="lab_ifrs-full_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_PayrollTaxes_792ce207-058d-456c-a9aa-4414ae56424d_terseLabel_en-US" xlink:label="lab_ptv_PayrollTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payroll taxes</link:label>
    <link:label id="lab_ptv_PayrollTaxes_label_en-US" xlink:label="lab_ptv_PayrollTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payroll Taxes</link:label>
    <link:label id="lab_ptv_PayrollTaxes_documentation_en-US" xlink:label="lab_ptv_PayrollTaxes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payroll Taxes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PayrollTaxes" xlink:href="ptv-20231231.xsd#ptv_PayrollTaxes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PayrollTaxes" xlink:to="lab_ptv_PayrollTaxes" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss_369ec67c-f759-49ff-b71b-c4533b5ace8b_terseLabel_en-US" xlink:label="lab_ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognised share of losses of associates, other comprehensive loss</link:label>
    <link:label id="lab_ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss_label_en-US" xlink:label="lab_ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrecognised Share Of Losses Of Associates, Other Comprehensive Loss</link:label>
    <link:label id="lab_ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss_documentation_en-US" xlink:label="lab_ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unrecognised Share Of Losses Of Associates, Other Comprehensive Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss" xlink:href="ptv-20231231.xsd#ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss" xlink:to="lab_ptv_UnrecognisedShareOfLossesOfAssociatesOtherComprehensiveLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryNotesPayableAbstract_e1e0969f-2aca-4897-b51e-28bef2176e8a_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableAbstract_label_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable [Abstract]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableAbstract_documentation_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNotesPayableAbstract" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryNotesPayableAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryNotesPayableAbstract" xlink:to="lab_ptv_SubsidiaryNotesPayableAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationExpense_810fd4b0-3f79-4902-b8e7-0589cae8fc20_verboseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_ifrs-full_DepreciationExpense_label_en-US" xlink:label="lab_ifrs-full_DepreciationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DepreciationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationExpense" xlink:to="lab_ifrs-full_DepreciationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory_83a31126-1195-40fb-9f5f-f55f72e12735_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Liquidity Risk</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of liquidity risk [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfLiquidityRiskExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLiquidityRiskExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares_e4b13058-0c6f-4143-b547-f82c974048fe_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProceedsFromIssueOfPreferenceShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:to="lab_ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets_c05ea0de-8bb5-410b-9ee1-3a8879b2c79e_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain &#8211; change in fair value through profit and loss</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets_ff9d487e-b96c-45c0-975f-6f307cf97e0e_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on changes in fair value</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss excluding exchange differences, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossExcludingExchangeDifferencesFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable_9837cb82-a208-4f4d-9d69-a1f3a84f13e7_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of options excisable</link:label>
    <link:label id="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable_label_en-US" xlink:label="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of options excisable</link:label>
    <link:label id="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable_documentation_en-US" xlink:label="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of options excisable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:to="lab_ptv_WeightedAverageRemainingContractualLifeOfOptionsExcisable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentTransitionReport_2cbac8b7-805d-42c6-911d-f056bd63e3bf_terseLabel_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:label id="lab_dei_DocumentTransitionReport_label_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentTransitionReport" xlink:to="lab_dei_DocumentTransitionReport" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StatementOfCashFlowsTable_d30f184c-d4f6-4d26-a5b9-d1dc9798be6b_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-20231231.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_ptv_LiquidityRiskLineItems_e4a8b780-515a-4601-a855-81bf0db2fd9d_terseLabel_en-US" xlink:label="lab_ptv_LiquidityRiskLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Line Items]</link:label>
    <link:label id="lab_ptv_LiquidityRiskLineItems_label_en-US" xlink:label="lab_ptv_LiquidityRiskLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Line Items]</link:label>
    <link:label id="lab_ptv_LiquidityRiskLineItems_documentation_en-US" xlink:label="lab_ptv_LiquidityRiskLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liquidity Risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LiquidityRiskLineItems" xlink:href="ptv-20231231.xsd#ptv_LiquidityRiskLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LiquidityRiskLineItems" xlink:to="lab_ptv_LiquidityRiskLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_75795eae-a46e-4436-a521-17058545a4b6_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property and equipment, net</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_229078c3-f372-48eb-bf1e-2354042d77aa_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">Granted (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_label_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" 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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_EntitysTotalForRelatedPartiesMember_d53dbac5-ea57-47a1-b2ad-775851029e19_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" 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_EntitysTotalForRelatedPartiesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for related parties [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsTable_50f902d0-f4c3-41c9-b7c1-d7481b1ce116_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfIntangibleAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremiumMember_0c321982-6554-4da8-acc1-e5e6d4043a9d_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SharePremiumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremiumMember" xlink:to="lab_ifrs-full_SharePremiumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnForeignCurrencyExchangeInFinanceCosts_21c66722-35e9-4cf5-9e8c-1b3308cd5bdc_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-20231231.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_ee7c3232-8ecf-4821-b87e-42a67a01a69c_verboseLabel_en-US" xlink:label="lab_ptv_VorMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vor Biopharma Inc.</link:label>
    <link:label id="lab_ptv_VorMember_9921daa6-0d8e-4b1e-b960-90cb55af42ec_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-20231231.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_CurrentTaxExpenseIncome_2ca10b4a-9e94-4d08-ac61-55db927cf2b6_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current tax expense</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_5a72c9b6-ff0f-4353-8540-4912f0677bcd_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total current income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentTaxExpenseIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCountry_84d087db-50b4-4b9b-9176-df52f4d3286f_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Country</link:label>
    <link:label id="lab_dei_EntityAddressCountry_label_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Country</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCountry" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCountry" xlink:to="lab_dei_EntityAddressCountry" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnDisposalsOfInvestments_c63dda25-6ed7-4c91-b1b8-f20b397583c2_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_f3c895af-9706-4083-8468-845812b1e99e_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_e62961f9-68d1-4326-87a6-65cada1507f7_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:to="lab_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GrossAmountMember_214fac3b-36cf-4509-a0b8-757c2493e06a_terseLabel_en-US" xlink:label="lab_ptv_GrossAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross Amount</link:label>
    <link:label id="lab_ptv_GrossAmountMember_label_en-US" xlink:label="lab_ptv_GrossAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Amount [Member]</link:label>
    <link:label id="lab_ptv_GrossAmountMember_documentation_en-US" xlink:label="lab_ptv_GrossAmountMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GrossAmountMember" xlink:href="ptv-20231231.xsd#ptv_GrossAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GrossAmountMember" xlink:to="lab_ptv_GrossAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_df20b03a-7743-4009-b29f-88f4f64ee739_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_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DilutedEarningsLossPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:to="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromFinancingActivityAmount_132f5df9-b403-49cb-8a94-c8f38b09d88f_terseLabel_en-US" xlink:label="lab_ptv_ProceedsFromFinancingActivityAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A financing, amount</link:label>
    <link:label id="lab_ptv_ProceedsFromFinancingActivityAmount_label_en-US" xlink:label="lab_ptv_ProceedsFromFinancingActivityAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Financing Activity, Amount</link:label>
    <link:label id="lab_ptv_ProceedsFromFinancingActivityAmount_documentation_en-US" xlink:label="lab_ptv_ProceedsFromFinancingActivityAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Financing Activity, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromFinancingActivityAmount" xlink:href="ptv-20231231.xsd#ptv_ProceedsFromFinancingActivityAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromFinancingActivityAmount" xlink:to="lab_ptv_ProceedsFromFinancingActivityAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsTable_877468c5-dbcb-4199-a6e4-b088b09548ae_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-20231231.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_LongTermLoanAbstract_label_en-US" xlink:label="lab_ptv_LongTermLoanAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term loan [Abstract]</link:label>
    <link:label id="lab_ptv_LongTermLoanAbstract_documentation_en-US" xlink:label="lab_ptv_LongTermLoanAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Long-term loan [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LongTermLoanAbstract" xlink:href="ptv-20231231.xsd#ptv_LongTermLoanAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LongTermLoanAbstract" xlink:to="lab_ptv_LongTermLoanAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IssuesFairValueMeasurementWarrant_e1e67c4a-393c-4dd3-b4a0-195a122552a2_terseLabel_en-US" xlink:label="lab_ptv_IssuesFairValueMeasurementWarrant" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Gelesis 2023 Warrants</link:label>
    <link:label id="lab_ptv_IssuesFairValueMeasurementWarrant_label_en-US" xlink:label="lab_ptv_IssuesFairValueMeasurementWarrant" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issues, Fair Value Measurement, Warrant</link:label>
    <link:label id="lab_ptv_IssuesFairValueMeasurementWarrant_documentation_en-US" xlink:label="lab_ptv_IssuesFairValueMeasurementWarrant" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issues, Fair Value Measurement, Warrant</link:label>
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    <link:label id="lab_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_580b4ee4-d756-4c4c-a307-208aa5075c07_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of Subsidiary Convertible Note</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issue of bonds, notes and debentures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures"/>
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    <link:label id="lab_ptv_KarunaVorAndAkiliMember_9647d072-39ff-4d69-ad30-300e0da21eb8_terseLabel_en-US" xlink:label="lab_ptv_KarunaVorAndAkiliMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Karuna, Vor and Akili</link:label>
    <link:label id="lab_ptv_KarunaVorAndAkiliMember_label_en-US" xlink:label="lab_ptv_KarunaVorAndAkiliMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Karuna, Vor and Akili [Member]</link:label>
    <link:label id="lab_ptv_KarunaVorAndAkiliMember_documentation_en-US" xlink:label="lab_ptv_KarunaVorAndAkiliMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Karuna, Vor and Akili</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_KarunaVorAndAkiliMember" xlink:href="ptv-20231231.xsd#ptv_KarunaVorAndAkiliMember"/>
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    <link:label id="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets_60746d87-1e7b-4865-bfe9-5d3d3e46fdca_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" 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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PercentageOfReasonablyPossibleDecreaseInUnobservableInputAssets"/>
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    <link:label id="lab_ptv_NumberOfResearch_2573627b-1702-491c-b021-f0121b94740a_terseLabel_en-US" xlink:label="lab_ptv_NumberOfResearch" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of research</link:label>
    <link:label id="lab_ptv_NumberOfResearch_label_en-US" xlink:label="lab_ptv_NumberOfResearch" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Research</link:label>
    <link:label id="lab_ptv_NumberOfResearch_documentation_en-US" xlink:label="lab_ptv_NumberOfResearch" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Research</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfResearch" xlink:href="ptv-20231231.xsd#ptv_NumberOfResearch"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfResearch" xlink:to="lab_ptv_NumberOfResearch" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseTable_04fb6447-ccc1-4e26-9157-53eb47009402_terseLabel_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Table]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseTable_label_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Table]</link:label>
    <link:label id="lab_ptv_RecognisedIncomeTaxExpenseTable_documentation_en-US" xlink:label="lab_ptv_RecognisedIncomeTaxExpenseTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Recognised Income Tax Expense [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RecognisedIncomeTaxExpenseTable" xlink:href="ptv-20231231.xsd#ptv_RecognisedIncomeTaxExpenseTable"/>
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    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod_bdb8205b-b810-4946-ac87-58606b7bbe2b_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-20231231.xsd#ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod" xlink:to="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleDecreaseInRiskVariablePeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ContractualInterestExpenseOnNotes_6fbf8b78-f4ec-4b57-a770-7c8ca39cde49_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-20231231.xsd#ptv_ContractualInterestExpenseOnNotes"/>
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    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardSettlementPricePerShare_ca38bc18-ea61-4670-9ab4-a0a36cdd1db6_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-20231231.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_dei_DocumentFinStmtErrorCorrectionFlag_cc0cad35-aaf6-4230-8c1a-1e4c351f9b5f_terseLabel_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction</link:label>
    <link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_label_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFinStmtErrorCorrectionFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:to="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleNotesMember_4b3abfdf-24d2-4514-968d-3d20b2ad92e0_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-20231231.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_DisclosureOfOperatingSegmentsTable_c5cffcd4-7c0f-4ba0-b50d-2e7c54d2903e_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_AdjustmentsForFairValueGainsLosses_d5b65b8b-6baa-4189-9ffd-46c014b6c7c6_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForFairValueGainsLosses"/>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_332655cd-95f5-4063-9a6f-e2f809dd112c_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_e65f3023-d2a4-4457-97bf-fdd0ec045688_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Granted (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingTable_5f812395-820e-4d5d-878b-965038871a96_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Options outstanding [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingTable_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Options outstanding [Table]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingTable_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Options outstanding [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsOutstandingTable" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageOptionsOutstandingTable"/>
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    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems_dfeead94-84c9-4cd0-8e05-54fceb768fed_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesLineItems"/>
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    <link:label id="lab_ptv_SeniorSecuredConvertiblePromissoryNoteMember_3a7b3142-37a7-44d3-a33e-6b0df662ab93_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-20231231.xsd#ptv_SeniorSecuredConvertiblePromissoryNoteMember"/>
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    <link:label id="lab_ifrs-full_MajorCustomersMember_f3348f87-0b91-48d3-9e2f-862381c1c5e9_verboseLabel_en-US" xlink:label="lab_ifrs-full_MajorCustomersMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Major Customers</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MajorCustomersMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MajorCustomersMember"/>
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    <link:label id="lab_ptv_InvestmentsHeldAtFairValueTable_3c62d1d0-75a9-495b-9942-54167019667f_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>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SegmentsAxis"/>
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    <link:label id="lab_ptv_SubsidiaryPlansTable_79d9c2d4-f5bd-4c0d-b38c-b02d0ea1c974_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Plans [Table]</link:label>
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    <link:label id="lab_ptv_SubsidiaryPlansTable_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPlansTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Plans [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPlansTable" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryPlansTable"/>
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    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate_84eb2048-b2a5-464d-bf53-72d37371d500_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage ownership interest</link:label>
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    <link:label id="lab_dei_DocumentPeriodEndDate_3e08e113-622d-45ac-9663-a635a81e83a3_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>
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    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate"/>
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    <link:label id="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock_c1ea6af6-ae9f-4153-a325-c5f58cfe84e9_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfRecognizedIncomeTaxExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Recognized Income Tax Expense</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_49f64dd3-aaca-41c4-95ad-572db64abf27_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>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory"/>
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    <link:label id="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_10e1d8a1-c6c5-4906-8e73-35836791ef17_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of outstanding share options</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average remaining contractual life of outstanding share options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019"/>
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    <link:label id="lab_ptv_ExercisePriceRangeThreeMember_c8ab8df0-c63e-49d7-a90b-070e5b093f7e_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeThreeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2.00 to 3.00</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeThreeMember_label_en-US" xlink:label="lab_ptv_ExercisePriceRangeThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range Three [Member]</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeThreeMember_documentation_en-US" xlink:label="lab_ptv_ExercisePriceRangeThreeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range Three [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeThreeMember" xlink:href="ptv-20231231.xsd#ptv_ExercisePriceRangeThreeMember"/>
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    <link:label id="lab_ptv_AccountingPoliciesLineItems_8dda22f9-d080-49ab-a142-19ec12b76db9_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Policies</link:label>
    <link:label id="lab_ptv_AccountingPoliciesLineItems_label_en-US" xlink:label="lab_ptv_AccountingPoliciesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Line Items]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesLineItems_documentation_en-US" xlink:label="lab_ptv_AccountingPoliciesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accounting Policies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesLineItems" xlink:href="ptv-20231231.xsd#ptv_AccountingPoliciesLineItems"/>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019_1cd5f4d5-f607-47cf-80ac-ff5464baa1ba_periodStartLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price, beginning of year (in GBP per share)</link:label>
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    <link:label id="lab_ptv_WarrantsExpirationTerm_8d83275e-67fc-48b7-83e2-62923815b6f6_terseLabel_en-US" xlink:label="lab_ptv_WarrantsExpirationTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expiring term after issuance</link:label>
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    <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_ptv_PureTechAndThirdPartyMember_a52a6fb1-e91b-482e-a38d-fabcb1ec4192_terseLabel_en-US" xlink:label="lab_ptv_PureTechAndThirdPartyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PureTech and third-party</link:label>
    <link:label id="lab_ptv_PureTechAndThirdPartyMember_label_en-US" xlink:label="lab_ptv_PureTechAndThirdPartyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech and third-party [Member]</link:label>
    <link:label id="lab_ptv_PureTechAndThirdPartyMember_documentation_en-US" xlink:label="lab_ptv_PureTechAndThirdPartyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech and third-party</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechAndThirdPartyMember" xlink:href="ptv-20231231.xsd#ptv_PureTechAndThirdPartyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechAndThirdPartyMember" xlink:to="lab_ptv_PureTechAndThirdPartyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonControllingInterestsLineItems_433604a5-a229-4531-8f1f-7c5813703ad6_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-20231231.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_BusinessCombinationsAxis_f4d2fc5c-3f9d-4365-a8bf-41ea1923d494_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_MinimumLiquidationPreferenceTable_467e0cf2-6d08-45d7-b2f2-f7d90cee1455_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-20231231.xsd#ptv_MinimumLiquidationPreferenceTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MinimumLiquidationPreferenceTable" xlink:to="lab_ptv_MinimumLiquidationPreferenceTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability_99525cde-5eb1-43b1-a066-bc5ef7ececa0_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-20231231.xsd#ptv_GainLossFromChangeInFairValueOfWarrantLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:to="lab_ptv_GainLossFromChangeInFairValueOfWarrantLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_6a1087d0-322d-4303-ab9a-0ec6e3026a2c_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_93ca0174-c5d7-4047-9d36-db33059d6c51_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_PureTechManagementMember_b40e6da3-9409-4b7e-a692-9b8dd60f0e2c_verboseLabel_en-US" xlink:label="lab_ptv_PureTechManagementMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech Management, Inc.</link:label>
    <link:label id="lab_ptv_PureTechManagementMember_label_en-US" xlink:label="lab_ptv_PureTechManagementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech Management [Member]</link:label>
    <link:label id="lab_ptv_PureTechManagementMember_documentation_en-US" xlink:label="lab_ptv_PureTechManagementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechManagementMember" xlink:href="ptv-20231231.xsd#ptv_PureTechManagementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechManagementMember" xlink:to="lab_ptv_PureTechManagementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_0e46443b-d479-4dab-9c4c-c3c158dd7e2b_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_DisclosureOfFinanceCostExplanatory_a2906b76-81b7-46ab-8725-1a1f8a78c641_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_TaxationTable_26d8b71c-bf90-46ba-b6c3-436b0971d3bc_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-20231231.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_TaxRateEffectOfTaxLosses_d2c1eae3-a530-4447-affa-fb6738f87db0_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax asset</link:label>
    <link:label id="lab_ifrs-full_TaxRateEffectOfTaxLosses_label_en-US" xlink:label="lab_ifrs-full_TaxRateEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax rate effect of tax losses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxRateEffectOfTaxLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TaxRateEffectOfTaxLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxRateEffectOfTaxLosses" xlink:to="lab_ifrs-full_TaxRateEffectOfTaxLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_3c3280fc-ac8c-4c65-b785-e0ba53c2c764_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_e29076a5-2941-49b0-ac21-87283b50e452_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_4fdc5667-b2af-4488-9ba2-63eb01912eb4_periodStartLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_ef9470bb-f257-4e6c-b99d-6dae2080a2d1_periodEndLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_ifrs-full_PropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MarketBacksolveOPMMember_d667c7b3-1a17-4ae6-a70f-370793c4a9b9_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-20231231.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_MergerReserve_1326b7c3-2b7d-4831-9015-039415d2bd93_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_IncreaseDecreaseInNumberOfOrdinarySharesIssued_a2a801ae-f784-47e3-aa07-7ecb1186c0d6_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:to="lab_ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries_33940823-79f8-4bda-b98d-abd03c8a5de2_terseLabel_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audit of the financial statements of subsidiaries</link:label>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries_label_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audit of financial statements of subsidiaries</link:label>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries_documentation_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Audit of financial statements of subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:href="ptv-20231231.xsd#ptv_AuditOfFinancialStatementsOfSubsidiaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:to="lab_ptv_AuditOfFinancialStatementsOfSubsidiaries" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_69d41e9c-eaa9-4918-a9b2-3dfe7401b846_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>
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_f731f55e-bd12-4de8-9518-e46d00cb875c_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>
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    <link:label id="lab_ifrs-full_InterestIncomeOnLoansAndReceivables_949d9965-59bb-42d5-8d6d-71f55cc8196b_verboseLabel_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_ifrs-full_InterestIncomeOnLoansAndReceivables_label_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income on loans and receivables</link:label>
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    <link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis_faca9c7a-839b-490b-9dc0-b3a7ffb4defb_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Associates [axis]</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Associates [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis"/>
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    <link:label id="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement_db771bac-a1f9-4617-9dba-a205bbb0ad3b_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageGrantDateFairValueOfOtherEquityInstrumentsForfeitedInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average grant date fair value, RSU forfeited (in GBP per share)</link:label>
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    <link:label id="lab_ifrs-full_DeferredTaxAssets_1b7e8e39-ff43-4546-88ba-8781d8693bc9_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
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    <link:label id="lab_ptv_IncomeTaxPayable_ad924480-6893-4466-b458-038f6777b307_terseLabel_en-US" xlink:label="lab_ptv_IncomeTaxPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax payable</link:label>
    <link:label id="lab_ptv_IncomeTaxPayable_41b1f894-68de-4f28-9d2a-5f87f8b63629_negatedLabel_en-US" xlink:label="lab_ptv_IncomeTaxPayable" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
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    <link:label id="lab_ptv_MandaraSciencesLLCMember_613b6f6d-536c-4e5a-bedb-e0577a368c80_verboseLabel_en-US" xlink:label="lab_ptv_MandaraSciencesLLCMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Mandara Sciences, LLC</link:label>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_af23b72c-b401-40d3-8045-1f090c173792_negatedLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Forfeited (in shares)</link:label>
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    <link:label id="lab_ptv_ScheduleOfRoyaltyLiabilitiesTableTextBlock_cab93aec-6cd3-4846-8751-f7cd006c9256_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>
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    <link:label id="lab_ifrs-full_OtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_6bea9e8f-fb31-4dc1-b684-71f9710d679c_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>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019_6f458710-5e90-4c83-8b62-2ad25d71756b_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average exercise price, options exercised (in GBP per share)</link:label>
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    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_7439e6ae-0585-4fe7-981d-183729145b53_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_ptv_GainLossFromChangeInFairValueOfPreferredShares_7f355248-a268-4eaf-9dac-4d5ad3a2e344_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>
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    <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>
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    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_b5ece406-fdd0-447f-83c6-9e24400f8458_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Grant Revenue</link:label>
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    <link:label id="lab_ifrs-full_CurrentPrepaidExpenses_edb9579c-579f-40b1-bb80-a8b771ec2b14_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPrepaidExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses</link:label>
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    <link:label id="lab_ptv_OperatingExpenseCategoryAxis_5ce7f366-6d64-4a2c-a5b6-2018b751c036_terseLabel_en-US" xlink:label="lab_ptv_OperatingExpenseCategoryAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Expense Category [Axis]</link:label>
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    <link:label id="lab_ifrs-full_CashAndCashEquivalents_e74f1ca3-3106-47b7-afa7-831664bbbaa1_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_890bfce0-f24a-4657-9ba8-a65f7396081a_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_efaa89b1-c3bb-4a13-89b4-4e40f241b5ce_periodEndLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents at end of year</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ChangeInFairValue_d661a233-9af4-47ba-9b26-5f654c4c2a9e_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-20231231.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_dei_DocumentAnnualReport_cf63a8b4-6f90-4f86-881c-e417b1b763e3_terseLabel_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:label id="lab_dei_DocumentAnnualReport_label_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAnnualReport" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAnnualReport" xlink:to="lab_dei_DocumentAnnualReport" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WarrantsFairValue_550f6880-ae6d-4c7f-8ab6-95c35da7ee5d_terseLabel_en-US" xlink:label="lab_ptv_WarrantsFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warrants fair value</link:label>
    <link:label id="lab_ptv_WarrantsFairValue_label_en-US" xlink:label="lab_ptv_WarrantsFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warrants, Fair Value</link:label>
    <link:label id="lab_ptv_WarrantsFairValue_documentation_en-US" xlink:label="lab_ptv_WarrantsFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Warrants, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WarrantsFairValue" xlink:href="ptv-20231231.xsd#ptv_WarrantsFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WarrantsFairValue" xlink:to="lab_ptv_WarrantsFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_d3630abe-8c32-4d21-b2ad-0f70868d1bb8_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_944bc2de-e105-403d-8b47-ee9a7ab219d6_negatedLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_c87d5b31-ed91-4d84-a2e3-65047c4d02a5_negatedLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Exercised (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_9a863c98-0128-4d0e-824e-4e746a2ea4c1_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of share options exercised (in dollars per share)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options exercised in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_1d1a0c43-dc30-43de-a7bc-aaf9851fe590_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables due from related parties</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables due from related parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:to="lab_ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable_7dd4f560-9937-4966-8d5a-90c2a2e58037_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:to="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Assets_c465c826-e7e3-41c3-b42a-5ccbc750724f_totalLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_ifrs-full_Assets_label_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_country_US_385dde78-2a65-419d-906c-99456a5f272b_terseLabel_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">US</link:label>
    <link:label id="lab_country_US_label_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED STATES</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_US" xlink:href="https://xbrl.sec.gov/country/2023/country-2023.xsd#country_US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_US" xlink:to="lab_country_US" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems_36da8cd4-3d4e-4dbf-af1d-37d82c35f624_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-20231231.xsd#ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:to="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_6b6efb59-94a2-40e8-93d2-8354b3e119b4_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_CapstarMember_57abedd4-db27-460a-b381-2ca762163e9f_terseLabel_en-US" xlink:label="lab_ptv_CapstarMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capstar</link:label>
    <link:label id="lab_ptv_CapstarMember_label_en-US" xlink:label="lab_ptv_CapstarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capstar [Member]</link:label>
    <link:label id="lab_ptv_CapstarMember_documentation_en-US" xlink:label="lab_ptv_CapstarMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capstar</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapstarMember" xlink:href="ptv-20231231.xsd#ptv_CapstarMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapstarMember" xlink:to="lab_ptv_CapstarMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_df87ba99-9649-4289-ba3a-1f51546d71d6_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_bb046bbc-2139-452f-9e44-0dedbc32ae9d_periodStartLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_efd496e2-58d4-4a22-98dc-c85bb77e0de1_periodEndLabel_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ifrs-full_InvestmentsInAssociates_label_en-US" xlink:label="lab_ifrs-full_InvestmentsInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in associates reported in separate financial statements</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_ConvertibleNotesTable_d17fe87b-d8bb-4215-b2fd-c3a069ca9d78_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Notes [Table]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesTable_label_en-US" xlink:label="lab_ptv_ConvertibleNotesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Notes [Table]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesTable_documentation_en-US" xlink:label="lab_ptv_ConvertibleNotesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Notes [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNotesTable" xlink:href="ptv-20231231.xsd#ptv_ConvertibleNotesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNotesTable" xlink:to="lab_ptv_ConvertibleNotesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilitySubleasedArea_3c0f48f8-15d7-4dc0-8032-9afd46a718b6_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilitySubleasedArea" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, subleased area (in square feet)</link:label>
    <link:label id="lab_ptv_LeaseLiabilitySubleasedArea_label_en-US" xlink:label="lab_ptv_LeaseLiabilitySubleasedArea" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Subleased Area</link:label>
    <link:label id="lab_ptv_LeaseLiabilitySubleasedArea_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilitySubleasedArea" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Subleased Area</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilitySubleasedArea" xlink:href="ptv-20231231.xsd#ptv_LeaseLiabilitySubleasedArea"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilitySubleasedArea" xlink:to="lab_ptv_LeaseLiabilitySubleasedArea" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_662174de-f831-4808-998f-c51b496ef49c_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_NotionalAmount_aba69bf0-2db4-430c-a0b1-1d58852e7553_terseLabel_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregate principal amount</link:label>
    <link:label id="lab_ifrs-full_NotionalAmount_label_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notional amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotionalAmount" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NotionalAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotionalAmount" xlink:to="lab_ifrs-full_NotionalAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceCostsAbstract_ea0f2bb2-d0d5-4924-ac3c-985055f01aaf_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-20231231.xsd#ptv_FinanceCostsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceCostsAbstract" xlink:to="lab_ptv_FinanceCostsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherAssetsAndLiabilitiesNet_8c021ff1-0f46-42bb-9a7d-dde132640d9d_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-20231231.xsd#ptv_OtherAssetsAndLiabilitiesNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherAssetsAndLiabilitiesNet" xlink:to="lab_ptv_OtherAssetsAndLiabilitiesNet" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeasesRentalTable_5ed316e5-90a2-48ea-a1c5-222fe440a7d6_terseLabel_en-US" xlink:label="lab_ptv_LeasesRentalTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases - Rental [Table]</link:label>
    <link:label id="lab_ptv_LeasesRentalTable_label_en-US" xlink:label="lab_ptv_LeasesRentalTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leases - Rental [Table]</link:label>
    <link:label id="lab_ptv_LeasesRentalTable_documentation_en-US" xlink:label="lab_ptv_LeasesRentalTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Leases - Rental [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeasesRentalTable" xlink:href="ptv-20231231.xsd#ptv_LeasesRentalTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeasesRentalTable" xlink:to="lab_ptv_LeasesRentalTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryTypesDomain_2ac1ddc8-a1b4-4bb2-ac04-a3aaa77abc20_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryTypesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Types [Domain]</link:label>
    <link:label id="lab_ptv_SubsidiaryTypesDomain_label_en-US" xlink:label="lab_ptv_SubsidiaryTypesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Types [Domain]</link:label>
    <link:label id="lab_ptv_SubsidiaryTypesDomain_documentation_en-US" xlink:label="lab_ptv_SubsidiaryTypesDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Types [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryTypesDomain" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryTypesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryTypesDomain" xlink:to="lab_ptv_SubsidiaryTypesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_28b66e6c-e340-4a8b-ba5f-73155aced60e_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_DepreciationPropertyPlantAndEquipment_a46b5bfd-bdbf-4286-a14c-61d71c2497ee_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_IssuedCapitalMember_0f7f4fdd-f20b-4851-a451-927264ebcc95_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_54bca423-b9c5-4e2a-b38d-3b973b146ee1_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Two to three years</link:label>
    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than two years and not later than three years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_325331b6-4e4a-4401-9f28-71285f11558f_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Functional and Presentation Currency</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for functional currency [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue_cc994698-8ca5-4d19-a7f1-299b9a514a31_terseLabel_en-US" xlink:label="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combination, additional shares to be received at no additional cost, fair value</link:label>
    <link:label id="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue_label_en-US" xlink:label="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Additional Shares To Be Received At No Additional Cost, Fair Value</link:label>
    <link:label id="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue_documentation_en-US" xlink:label="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Combination, Additional Shares To Be Received At No Additional Cost, Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue" xlink:href="ptv-20231231.xsd#ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue" xlink:to="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCurrentReportingStatus_a5b07bcc-0637-4715-aa80-52424846a3e7_terseLabel_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:label id="lab_dei_EntityCurrentReportingStatus_label_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCurrentReportingStatus" xlink:to="lab_dei_EntityCurrentReportingStatus" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReceivablesDueFromAssociates_029135cf-3eb6-4861-97e7-0866772b5684_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_IncreaseDecreaseThroughConversionOfConvertibleInstruments_5407a1a5-54f1-4bb4-a3ce-61f95596d43d_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase through conversion of convertible instruments, equity</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through conversion of convertible instruments, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments"/>
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    <link:label id="lab_ifrs-full_RetainedEarnings_9ded4b6d-944a-4a70-a950-4ce69070c433_verboseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:label id="lab_ifrs-full_RetainedEarnings_61034cb2-59dd-486c-8e3e-6528ac4f7d82_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings/(accumulated deficit)</link:label>
    <link:label id="lab_ifrs-full_RetainedEarnings_label_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarnings" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RetainedEarnings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarnings" xlink:to="lab_ifrs-full_RetainedEarnings" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment_f4492c8e-609b-4e98-aa62-bc7f88d09eb0_terseLabel_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consideration for acquired non-controlling interest, first installment</link:label>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment_label_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consideration for acquired non-controlling interest, first installment</link:label>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment_documentation_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Consideration for acquired non-controlling interest, first installment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment" xlink:href="ptv-20231231.xsd#ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment" xlink:to="lab_ptv_ConsiderationForAcquiredNonControllingInterestFirstInstallment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageShares_91aa8200-23ad-4e5c-98e2-d087780980d7_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shareholders to calculate basic earnings per share (in shares)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_InvestmentsHeldAtFairValueLineItems_12d870cc-ec81-42a7-bfea-4ffeab85465e_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-20231231.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_ifrs-full_RightofuseAssetsMember_874a2153-94ca-4699-b87b-d0865ca58b51_terseLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Right of use assets</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssetsMember_label_en-US" xlink:label="lab_ifrs-full_RightofuseAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-use assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RightofuseAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RightofuseAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RightofuseAssetsMember" xlink:to="lab_ifrs-full_RightofuseAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentsHeldAtFairValueMember_d7ab1064-cbdc-41f5-b8e0-550b8eb23939_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-20231231.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_UnusedTaxLossesMember_343b5525-3e9e-46b0-9a36-10a7aa53564b_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating tax losses</link:label>
    <link:label id="lab_ifrs-full_UnusedTaxLossesMember_label_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unused tax losses [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnusedTaxLossesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_UnusedTaxLossesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnusedTaxLossesMember" xlink:to="lab_ifrs-full_UnusedTaxLossesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount_ee3b5cf7-2786-46f4-86a2-4895f7cc3b7c_terseLabel_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument, payment terms, final fee trigger amount</link:label>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount_label_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt instrument, payment terms, final fee trigger amount</link:label>
    <link:label id="lab_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount_documentation_en-US" xlink:label="lab_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt instrument, payment terms, final fee trigger amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount" xlink:href="ptv-20231231.xsd#ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount" xlink:to="lab_ptv_DebtInstrumentPaymentTermsFinalFeeTriggerAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AcquisitionCost_69352a6c-0bc7-40e2-8021-8aa225ca1c56_terseLabel_en-US" xlink:label="lab_ptv_AcquisitionCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition cost</link:label>
    <link:label id="lab_ptv_AcquisitionCost_label_en-US" xlink:label="lab_ptv_AcquisitionCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition cost</link:label>
    <link:label id="lab_ptv_AcquisitionCost_documentation_en-US" xlink:label="lab_ptv_AcquisitionCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Acquisition cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AcquisitionCost" xlink:href="ptv-20231231.xsd#ptv_AcquisitionCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AcquisitionCost" xlink:to="lab_ptv_AcquisitionCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate_14b83641-84a9-4013-99b4-c392c8ef7f6b_terseLabel_en-US" xlink:label="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revaluation of deferred due to rate change</link:label>
    <link:label id="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate_label_en-US" xlink:label="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments Related To Change In Blend State Rate</link:label>
    <link:label id="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate_documentation_en-US" xlink:label="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustment Related To Change In Blend State Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:href="ptv-20231231.xsd#ptv_AdjustmentsRelatedToChangeInBlendStateRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:to="lab_ptv_AdjustmentsRelatedToChangeInBlendStateRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards_ef70a055-dc84-4b8c-9194-b4c5ae6fb982_terseLabel_en-US" xlink:label="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settlement of restricted stock units (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards_label_en-US" xlink:label="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Ordinary Shares Issued To Settle Share-based Payment Awards</link:label>
    <link:label id="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards_documentation_en-US" xlink:label="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Ordinary Shares Issued To Settle Share-based Payment Awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:href="ptv-20231231.xsd#ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:to="lab_ptv_NumberOfOrdinarySharesIssuedToSettleShareBasedPaymentAwards" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_53300887-ac4c-4ddc-926d-8b7bddd5a9f1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_CurrentReceivableDueFromAssociatesInterestRate_724fe3fc-a02f-4a3c-91eb-c3cf1a01f6b9_terseLabel_en-US" xlink:label="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current receivable due from associates, interest rate</link:label>
    <link:label id="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate_label_en-US" xlink:label="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Receivable Due From Associates, Interest Rate</link:label>
    <link:label id="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate_documentation_en-US" xlink:label="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current Receivable Due From Associates, Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:href="ptv-20231231.xsd#ptv_CurrentReceivableDueFromAssociatesInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:to="lab_ptv_CurrentReceivableDueFromAssociatesInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PercentVotingRightsOfTheCompany_78ba7f0e-ff30-4d56-87d5-7ecdfa946915_verboseLabel_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Percent voting rights</link:label>
    <link:label id="lab_ptv_PercentVotingRightsOfTheCompany_d1e5ae9a-c405-434d-b8a2-2aad0595b8b3_terseLabel_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percent voting rights of the Company</link:label>
    <link:label id="lab_ptv_PercentVotingRightsOfTheCompany_label_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percent voting rights of the Company</link:label>
    <link:label id="lab_ptv_PercentVotingRightsOfTheCompany_documentation_en-US" xlink:label="lab_ptv_PercentVotingRightsOfTheCompany" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percent voting rights of the Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PercentVotingRightsOfTheCompany" xlink:href="ptv-20231231.xsd#ptv_PercentVotingRightsOfTheCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PercentVotingRightsOfTheCompany" xlink:to="lab_ptv_PercentVotingRightsOfTheCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock_be248052-897d-441c-a11a-ea516a8df506_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Income Taxes Recognized in Comprehensive Income</link:label>
    <link:label id="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Income Taxes Recognized in Comprehensive Income [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Income Taxes Recognized in Comprehensive Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:to="lab_ptv_DisclosureOfIncomeTaxesRecognizedInComprehensiveIncomeTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesLineItems_ed15c6d2-396d-486b-aea4-38ed3cdf5b68_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesLineItems_label_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryPreferredSharesLineItems_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPreferredSharesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPreferredSharesLineItems" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryPreferredSharesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPreferredSharesLineItems" xlink:to="lab_ptv_SubsidiaryPreferredSharesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfEquityTableTextBlock_e5037f26-4dc7-4c29-a140-921253aab0c5_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfEquityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Equity</link:label>
    <link:label id="lab_ptv_SummaryOfEquityTableTextBlock_label_en-US" xlink:label="lab_ptv_SummaryOfEquityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Summary of Equity [Table Text Block]</link:label>
    <link:label id="lab_ptv_SummaryOfEquityTableTextBlock_documentation_en-US" xlink:label="lab_ptv_SummaryOfEquityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Summary of Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfEquityTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_SummaryOfEquityTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfEquityTableTextBlock" xlink:to="lab_ptv_SummaryOfEquityTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfCustomersAxis_faa57882-24a1-4e1d-8870-c97dd63f9c2f_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of customers [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfCustomersAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of customers [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfCustomersAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfCustomersAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfCustomersAxis" xlink:to="lab_ifrs-full_TypesOfCustomersAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesExplanatory_9dfb0671-9581-4bcc-b9fb-1167891c2c67_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate_92530900-c074-42a4-b15e-602db9217353_terseLabel_en-US" xlink:label="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">State taxes, net of federal effect</link:label>
    <link:label id="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effects of state tax rate in US, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Effects of state tax rate in US, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_EffectsOfStateTaxRateInUSReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxationLineItems_ee26fd56-ccca-472c-afab-6fef619da666_terseLabel_en-US" xlink:label="lab_ptv_TaxationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation [Line Items]</link:label>
    <link:label id="lab_ptv_TaxationLineItems_label_en-US" xlink:label="lab_ptv_TaxationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxation [Line Items]</link:label>
    <link:label id="lab_ptv_TaxationLineItems_documentation_en-US" xlink:label="lab_ptv_TaxationLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxationLineItems" xlink:href="ptv-20231231.xsd#ptv_TaxationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxationLineItems" xlink:to="lab_ptv_TaxationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_59eaccff-4106-46ab-ac85-effbe00dc920_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_dei_EntityVoluntaryFilers_2b834722-37da-4976-a55b-6d93f83fa031_terseLabel_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:label id="lab_dei_EntityVoluntaryFilers_label_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityVoluntaryFilers" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityVoluntaryFilers" xlink:to="lab_dei_EntityVoluntaryFilers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_18318574-49a6-4546-812d-87fe189ac99a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Material Accounting Policies</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of material accounting policy information [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_srt_RangeMember_fd42a28e-f982-442c-a6d5-fedfca569cca_terseLabel_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:label id="lab_srt_RangeMember_label_en-US" xlink:label="lab_srt_RangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember" xlink:href="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd#srt_RangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_RangeMember" xlink:to="lab_srt_RangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceMarketAndServiceBasedRSUMember_88ecf0de-07aa-41b2-b600-8ac9fe79b1af_terseLabel_en-US" xlink:label="lab_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance, market and service based RSU</link:label>
    <link:label id="lab_ptv_PerformanceMarketAndServiceBasedRSUMember_label_en-US" xlink:label="lab_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance, market and service based RSU [Member]</link:label>
    <link:label id="lab_ptv_PerformanceMarketAndServiceBasedRSUMember_documentation_en-US" xlink:label="lab_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance, market and service based RSU</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:href="ptv-20231231.xsd#ptv_PerformanceMarketAndServiceBasedRSUMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:to="lab_ptv_PerformanceMarketAndServiceBasedRSUMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about intangible assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfIntangibleAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate_d920a069-b5cb-4b20-bd49-1a0796616c6e_negatedTerseLabel_en-US" xlink:label="lab_ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchase of short-term note from associate</link:label>
    <link:label id="lab_ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate_label_en-US" xlink:label="lab_ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payment To Acquire Short-term Notes Receivable From Associate</link:label>
    <link:label id="lab_ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate_documentation_en-US" xlink:label="lab_ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payment To Acquire Short-term Notes Receivable From Associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate" xlink:href="ptv-20231231.xsd#ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate" xlink:to="lab_ptv_PaymentToAcquireShortTermNotesReceivableFromAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_ef8579fc-ef32-4de9-b62f-6391c8d7b29d_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ConsiderationPaidReceived_450ba207-2dfc-45bf-9446-0a6ca98dfed0_terseLabel_en-US" xlink:label="lab_ifrs-full_ConsiderationPaidReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consideration paid (received)</link:label>
    <link:label id="lab_ifrs-full_ConsiderationPaidReceived_label_en-US" xlink:label="lab_ifrs-full_ConsiderationPaidReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consideration paid (received)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConsiderationPaidReceived" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ConsiderationPaidReceived"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConsiderationPaidReceived" xlink:to="lab_ifrs-full_ConsiderationPaidReceived" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate_7b1e8d88-61f0-4981-be24-4937e3d6e96e_totalLabel_en-US" xlink:label="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net assets (deficit) attributable to shareholders of Gelesis Inc.</link:label>
    <link:label id="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate_label_en-US" xlink:label="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net assets attributable to shareholders of associate</link:label>
    <link:label id="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate_documentation_en-US" xlink:label="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net assets attributable to shareholders of associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:href="ptv-20231231.xsd#ptv_NetAssetsAttributableToShareholdersOfAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:to="lab_ptv_NetAssetsAttributableToShareholdersOfAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalMember_e82d7733-e921-4563-82ca-16d9deac4f27_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalMember" 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_ClassesOfShareCapitalMember_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share capital [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfShareCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalMember" xlink:to="lab_ifrs-full_ClassesOfShareCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BusinessCombinationNumberOfSharesReceived_7681b3a5-7109-4bec-aaec-7b28e13a0515_terseLabel_en-US" xlink:label="lab_ptv_BusinessCombinationNumberOfSharesReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combination, number of shares received for additional cost (in shares)</link:label>
    <link:label id="lab_ptv_BusinessCombinationNumberOfSharesReceived_label_en-US" xlink:label="lab_ptv_BusinessCombinationNumberOfSharesReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Number Of Shares Received</link:label>
    <link:label id="lab_ptv_BusinessCombinationNumberOfSharesReceived_documentation_en-US" xlink:label="lab_ptv_BusinessCombinationNumberOfSharesReceived" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Combination, Number Of Shares Received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessCombinationNumberOfSharesReceived" xlink:href="ptv-20231231.xsd#ptv_BusinessCombinationNumberOfSharesReceived"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BusinessCombinationNumberOfSharesReceived" xlink:to="lab_ptv_BusinessCombinationNumberOfSharesReceived" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable_28edbcf3-6d36-4cdb-90ba-5c6c122be525_terseLabel_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards [Table]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable_label_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards [Table]</link:label>
    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable_documentation_en-US" xlink:label="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Directors and Senior Managers Shareholdings and Share Incentive awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:href="ptv-20231231.xsd#ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:to="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PureTechSecuritiesIICorpMember_72343e83-6142-4b6e-9487-92ac25bc1689_verboseLabel_en-US" xlink:label="lab_ptv_PureTechSecuritiesIICorpMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech Securities II Corp.</link:label>
    <link:label id="lab_ptv_PureTechSecuritiesIICorpMember_label_en-US" xlink:label="lab_ptv_PureTechSecuritiesIICorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech Securities II Corp. [Member]</link:label>
    <link:label id="lab_ptv_PureTechSecuritiesIICorpMember_documentation_en-US" xlink:label="lab_ptv_PureTechSecuritiesIICorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech Securities II Corp.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechSecuritiesIICorpMember" xlink:href="ptv-20231231.xsd#ptv_PureTechSecuritiesIICorpMember"/>
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    <link:label id="lab_ptv_EquityValueMeasurementInputMember_e42b2a2f-a476-4ecb-998b-a886ebe9defc_terseLabel_en-US" xlink:label="lab_ptv_EquityValueMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Value</link:label>
    <link:label id="lab_ptv_EquityValueMeasurementInputMember_label_en-US" xlink:label="lab_ptv_EquityValueMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Value, Measurement Input [Member]</link:label>
    <link:label id="lab_ptv_EquityValueMeasurementInputMember_documentation_en-US" xlink:label="lab_ptv_EquityValueMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity Value, Measurement Input</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EquityValueMeasurementInputMember" xlink:href="ptv-20231231.xsd#ptv_EquityValueMeasurementInputMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EquityValueMeasurementInputMember" xlink:to="lab_ptv_EquityValueMeasurementInputMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment_74b4a0d5-6ee5-4ae9-a0ba-595811881cc0_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiaries</link:label>
    <link:label id="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease through loss of control of subsidiary, property, plant and equipment</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossFromOperatingActivities_014dfd5c-76f1-49a2-a456-2be86aa9508d_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_c4057fcf-9276-4320-8668-bf6b22a42f60_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_0c701ff5-67fe-46c9-a269-65c71cb8f256_negatedLabel_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Amortization</link:label>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortisation, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill"/>
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    <link:label id="lab_ifrs-full_OperatingExpense_cc77d2f7-522f-4341-b7e6-163368723b9a_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_55a5a82f-0746-4c2c-8aa6-29d9daf0cf0e_totalLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total operating expenses</link:label>
    <link:label id="lab_ifrs-full_OperatingExpense_label_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_TypesOfFinancialAssetsAxis_f14f8eaf-c60a-4b41-9df7-53f3fe97f1ae_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of financial assets [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfFinancialAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_TypesOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_a25bd6d5-5dbc-43af-aa1d-9dcd5666f41d_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/2023/elts/srt-2023.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_SharePriceOfInvesteeShares_3933deda-c402-4405-9824-fa213d3aceae_terseLabel_en-US" xlink:label="lab_ptv_SharePriceOfInvesteeShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share purchase price (in dollars per share)</link:label>
    <link:label id="lab_ptv_SharePriceOfInvesteeShares_label_en-US" xlink:label="lab_ptv_SharePriceOfInvesteeShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share price of investee shares</link:label>
    <link:label id="lab_ptv_SharePriceOfInvesteeShares_documentation_en-US" xlink:label="lab_ptv_SharePriceOfInvesteeShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share price of investee shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SharePriceOfInvesteeShares" xlink:href="ptv-20231231.xsd#ptv_SharePriceOfInvesteeShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SharePriceOfInvesteeShares" xlink:to="lab_ptv_SharePriceOfInvesteeShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_A2023PerformanceSharePlanMember_d3496141-d8c8-474a-8a48-06494ddeb5f6_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-20231231.xsd#ptv_A2023PerformanceSharePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_A2023PerformanceSharePlanMember" xlink:to="lab_ptv_A2023PerformanceSharePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_b593a543-d8f0-434f-bb1f-fca87947d00f_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_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesOutstanding" xlink:to="lab_ifrs-full_NumberOfSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_399c2796-4144-4e9f-9eda-307f97d5be1e_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">Taxation</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_3900550b-adff-475e-af98-8a979cc53186_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_14b83e02-39b8-4220-8895-cebed144fd5b_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_5c856dbc-a73c-4e0a-8acf-4595af90669b_totalLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_MiscellaneousOtherOperatingExpense_1c2d7a2f-8ead-4f44-89c9-86c267f5ea1a_totalLabel_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other operating expenses</link:label>
    <link:label id="lab_ifrs-full_MiscellaneousOtherOperatingExpense_label_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Miscellaneous other operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MiscellaneousOtherOperatingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:to="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OrdinarySharesIssuedToSettleShareBasedPaymentAwards_92b949f3-62a6-4b4c-bb92-0753f5d1ef3b_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-20231231.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_3baee752-6972-4724-bb9f-d93dafc5779b_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-20231231.xsd#ptv_TotalBusinessOrSourcingCompanyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TotalBusinessOrSourcingCompanyMember" xlink:to="lab_ptv_TotalBusinessOrSourcingCompanyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests_89748fef-270d-47f0-869e-07a8eb4a62fb_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProportionOfOwnershipInterestsHeldByNoncontrollingInterests"/>
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    <link:label id="lab_ptv_NumberOfSharesHeld_8660d8d5-8025-4e11-88cb-06a903c39541_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-20231231.xsd#ptv_NumberOfSharesHeld"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfSharesHeld" xlink:to="lab_ptv_NumberOfSharesHeld" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_a47e391f-4c8d-486e-8141-4bf7d1d252a8_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Expired During the Year</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options expired in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VedantaMember_8b116f18-1859-4f42-a0d0-15e74338dc2f_terseLabel_en-US" xlink:label="lab_ptv_VedantaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vedanta</link:label>
    <link:label id="lab_ptv_VedantaMember_label_en-US" xlink:label="lab_ptv_VedantaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vedanta [Member]</link:label>
    <link:label id="lab_ptv_VedantaMember_documentation_en-US" xlink:label="lab_ptv_VedantaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vedanta</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaMember" xlink:href="ptv-20231231.xsd#ptv_VedantaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VedantaMember" xlink:to="lab_ptv_VedantaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfAssociatesLineItems_9f14f9df-f7be-4e54-ba57-e552ddc1c3af_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-20231231.xsd#ptv_DisclosureOfAssociatesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfAssociatesLineItems" xlink:to="lab_ptv_DisclosureOfAssociatesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssetsAbstract_f001647c-8a50-4d2b-bb8c-74765d72c288_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:to="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualCapitalCommitments_4ab52f10-6c87-4da5-8e03-628c3255904c_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ConsiderationForAcquiredNonControllingInterest_50cce626-b395-4ea9-8969-65165d0b5362_terseLabel_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consideration for acquired non-controlling interest</link:label>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterest_label_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consideration for acquired non-controlling interest</link:label>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterest_documentation_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Consideration for acquired non-controlling interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConsiderationForAcquiredNonControllingInterest" xlink:href="ptv-20231231.xsd#ptv_ConsiderationForAcquiredNonControllingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConsiderationForAcquiredNonControllingInterest" xlink:to="lab_ptv_ConsiderationForAcquiredNonControllingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DrJohnLaMattinaIndividuallyMember_261782e1-7744-45ee-bdb2-f8240c655f29_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-20231231.xsd#ptv_DrJohnLaMattinaIndividuallyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DrJohnLaMattinaIndividuallyMember" xlink:to="lab_ptv_DrJohnLaMattinaIndividuallyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapitalPreferenceShares_0544d354-7937-4a0b-8388-5d4d87e5effb_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock_83d93c94-f411-4874-bfb2-02cbb9672a3c_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Use of Judgments and Estimates</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Use Of Judgement And Estimates [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Use Of Judgement And Estimates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:href="ptv-20231231.xsd#ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForUseOfJudgementAndEstimatesPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockOptionsMember_a7010a8d-074b-4122-9f44-b8e154c51550_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-20231231.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_InterestRateTypesMember_ac3bd119-c32b-4ee9-8008-c16d3b61b446_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestRateTypesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate types [member]</link:label>
    <link:label id="lab_ifrs-full_InterestRateTypesMember_label_en-US" xlink:label="lab_ifrs-full_InterestRateTypesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate types [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRateTypesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_InterestRateTypesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRateTypesMember" xlink:to="lab_ifrs-full_InterestRateTypesMember" 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-20231231.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_GrossPrincipal_7c86a582-6fa6-4a9a-b9cf-330c9f7c3541_terseLabel_en-US" xlink:label="lab_ptv_GrossPrincipal" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross principal - issuance of notes - financing activity</link:label>
    <link:label id="lab_ptv_GrossPrincipal_label_en-US" xlink:label="lab_ptv_GrossPrincipal" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Principal</link:label>
    <link:label id="lab_ptv_GrossPrincipal_documentation_en-US" xlink:label="lab_ptv_GrossPrincipal" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross Principal</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GrossPrincipal" xlink:href="ptv-20231231.xsd#ptv_GrossPrincipal"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GrossPrincipal" xlink:to="lab_ptv_GrossPrincipal" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BorrowingsRepaymentPeriodInterestRate_030e35f9-320d-4e61-bd0e-86a25e43a240_terseLabel_en-US" xlink:label="lab_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate, repayment period</link:label>
    <link:label id="lab_ptv_BorrowingsRepaymentPeriodInterestRate_label_en-US" xlink:label="lab_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Repayment Period, Interest Rate</link:label>
    <link:label id="lab_ptv_BorrowingsRepaymentPeriodInterestRate_documentation_en-US" xlink:label="lab_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Repayment Period, Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:href="ptv-20231231.xsd#ptv_BorrowingsRepaymentPeriodInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:to="lab_ptv_BorrowingsRepaymentPeriodInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards_7a3ef5ef-2e7c-43ac-911b-d70dd3c2d5a0_terseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclassification of equity settled awards to liability awards</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease in reclassification of equity settled awards into liability awards</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase Decrease in reclassification of equity settled awards into liability awards</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards" xlink:href="ptv-20231231.xsd#ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards" xlink:to="lab_ptv_IncreaseDecreaseInReclassificationOfEquitySettledAwardsIntoLiabilityAwards" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions_298a8a7e-058e-49b6-8f7a-df49f1c271e6_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-20231231.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_A2015PerformanceSharePlanMember_ead7554b-314d-4bd4-ba54-77346421a713_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-20231231.xsd#ptv_A2015PerformanceSharePlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_A2015PerformanceSharePlanMember" xlink:to="lab_ptv_A2015PerformanceSharePlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_714962e0-d76c-4bfc-86f5-b06b1d7658e3_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_004cb195-e638-4393-bb10-193e19f91a26_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherCurrentReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentReceivables" xlink:to="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AverageEffectiveTaxRate_87c2f4b2-a117-4f87-a966-f2a1bbef3b1c_totalLabel_en-US" xlink:label="lab_ifrs-full_AverageEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Average effective tax rate</link:label>
    <link:label id="lab_ifrs-full_AverageEffectiveTaxRate_label_en-US" xlink:label="lab_ifrs-full_AverageEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageEffectiveTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AverageEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate" xlink:to="lab_ifrs-full_AverageEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_0ced1e0b-9667-42ea-a9e8-28a303477d45_terseLabel_en-US" xlink:label="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income/(costs) &#8211; fair value accounting</link:label>
    <link:label id="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of finance income costs - fair value accounting, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of finance income costs - fair value accounting, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfFinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_25b0c6b4-968e-4412-b363-1618192c5b7e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings/(Loss) per Share</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of earnings per share [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfEarningsPerShareExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapital_821cfe87-c6bc-4da2-8604-d338d8e66c30_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IssuedCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapital" xlink:to="lab_ifrs-full_IssuedCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfAssociates_5b5e06fa-73bc-4575-9467-6e57bb009c06_terseLabel_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audit of financial statements of associates</link:label>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfAssociates_label_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audit of financial statements of associates</link:label>
    <link:label id="lab_ptv_AuditOfFinancialStatementsOfAssociates_documentation_en-US" xlink:label="lab_ptv_AuditOfFinancialStatementsOfAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Audit of financial statements of associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditOfFinancialStatementsOfAssociates" xlink:href="ptv-20231231.xsd#ptv_AuditOfFinancialStatementsOfAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditOfFinancialStatementsOfAssociates" xlink:to="lab_ptv_AuditOfFinancialStatementsOfAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_KarunaMember_2254927f-bec0-4076-a57c-c8e3a8a63712_verboseLabel_en-US" xlink:label="lab_ptv_KarunaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Karuna Therapeutics, Inc.</link:label>
    <link:label id="lab_ptv_KarunaMember_9577fe69-1eab-4dbd-882a-c7a100067c71_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-20231231.xsd#ptv_KarunaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_KarunaMember" xlink:to="lab_ptv_KarunaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_85b5780d-b3b8-49ae-a379-5bc4236e771f_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise of stock options</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through exercise of options, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughExerciseOfOptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShortTermInvestment_df34692a-f077-46a6-b63a-f342d1ff9d25_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_bb27127d-1979-4663-9e3b-92a8d881245f_verboseLabel_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Short-term investments</link:label>
    <link:label id="lab_ptv_ShortTermInvestment_label_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Investment</link:label>
    <link:label id="lab_ptv_ShortTermInvestment_documentation_en-US" xlink:label="lab_ptv_ShortTermInvestment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Short-term Investment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermInvestment" xlink:href="ptv-20231231.xsd#ptv_ShortTermInvestment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermInvestment" xlink:to="lab_ptv_ShortTermInvestment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilityRenewalTerm_806482bb-f670-4c2d-bda7-bf127b0d0b27_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilityRenewalTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, renewal term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityRenewalTerm_label_en-US" xlink:label="lab_ptv_LeaseLiabilityRenewalTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Renewal Term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityRenewalTerm_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilityRenewalTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Renewal Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilityRenewalTerm" xlink:href="ptv-20231231.xsd#ptv_LeaseLiabilityRenewalTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilityRenewalTerm" xlink:to="lab_ptv_LeaseLiabilityRenewalTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PreferenceSharesMember_3c7e19df-231c-4ced-859d-15d05b5a3f38_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_475e3b80-5d46-4c06-8e7e-061939ec2c34_verboseLabel_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Preference shares</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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_NoncurrentReceivablesDueFromAssociates_68883771-a417-4ef5-9412-d707ceda89f8_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in notes from associates</link:label>
    <link:label id="lab_ifrs-full_NoncurrentReceivablesDueFromAssociates_label_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current receivables due from associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentReceivablesDueFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:to="lab_ifrs-full_NoncurrentReceivablesDueFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AtFairValueMember_8959c356-a9aa-47b7-b446-ffb4131287dd_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory_263cece0-fc07-4d0a-88d0-62cfaeb1326a_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Shares</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for treasury shares [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForTreasurySharesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate_192fd178-f63a-4e86-b963-6e989818f7d6_negatedLabel_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Reclassification of Akili to level 1 investment</link:label>
    <link:label id="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate_label_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification of investment to investment in associate</link:label>
    <link:label id="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate_documentation_en-US" xlink:label="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reclassification of investment to investment in associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ReclassificationOfInvestmentToInvestmentInAssociate" xlink:href="ptv-20231231.xsd#ptv_ReclassificationOfInvestmentToInvestmentInAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ReclassificationOfInvestmentToInvestmentInAssociate" xlink:to="lab_ptv_ReclassificationOfInvestmentToInvestmentInAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfIntangibleWrittenOffAssets_d8e969c2-25e6-4180-b584-15098dae8bc8_terseLabel_en-US" xlink:label="lab_ptv_NumberOfIntangibleWrittenOffAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of intangible assets wrote-offs</link:label>
    <link:label id="lab_ptv_NumberOfIntangibleWrittenOffAssets_label_en-US" xlink:label="lab_ptv_NumberOfIntangibleWrittenOffAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Intangible Written-off Assets</link:label>
    <link:label id="lab_ptv_NumberOfIntangibleWrittenOffAssets_documentation_en-US" xlink:label="lab_ptv_NumberOfIntangibleWrittenOffAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Intangible Written-off Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfIntangibleWrittenOffAssets" xlink:href="ptv-20231231.xsd#ptv_NumberOfIntangibleWrittenOffAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfIntangibleWrittenOffAssets" xlink:to="lab_ptv_NumberOfIntangibleWrittenOffAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccrualsClassifiedAsCurrent_f4a19487-4714-4a17-8de0-192182f26616_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AccrualsClassifiedAsCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccrualsClassifiedAsCurrent" xlink:to="lab_ifrs-full_AccrualsClassifiedAsCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FutureRoyaltiesMember_c595e1b8-f868-4cdf-9201-1bb7d72562fa_terseLabel_en-US" xlink:label="lab_ptv_FutureRoyaltiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of future royalties</link:label>
    <link:label id="lab_ptv_FutureRoyaltiesMember_label_en-US" xlink:label="lab_ptv_FutureRoyaltiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future Royalties [Member]</link:label>
    <link:label id="lab_ptv_FutureRoyaltiesMember_documentation_en-US" xlink:label="lab_ptv_FutureRoyaltiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Future Royalties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FutureRoyaltiesMember" xlink:href="ptv-20231231.xsd#ptv_FutureRoyaltiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FutureRoyaltiesMember" xlink:to="lab_ptv_FutureRoyaltiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MergerReserveMember_35f0535a-55a3-4caf-a79c-27824500e401_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MergerReserveMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MergerReserveMember" xlink:to="lab_ifrs-full_MergerReserveMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_7ef6340d-13e4-406b-8e09-f434f94314cb_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other tax effects for reconciliation between accounting profit and tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:to="lab_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseReceivableSubleaseWriteOff_2a80f699-f530-4beb-96ef-efe5fd76d2f2_terseLabel_en-US" xlink:label="lab_ptv_LeaseReceivableSubleaseWriteOff" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sublease, write off</link:label>
    <link:label id="lab_ptv_LeaseReceivableSubleaseWriteOff_label_en-US" xlink:label="lab_ptv_LeaseReceivableSubleaseWriteOff" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Receivable, Sublease, Write Off</link:label>
    <link:label id="lab_ptv_LeaseReceivableSubleaseWriteOff_documentation_en-US" xlink:label="lab_ptv_LeaseReceivableSubleaseWriteOff" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Receivable, Sublease, Write Off</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseReceivableSubleaseWriteOff" xlink:href="ptv-20231231.xsd#ptv_LeaseReceivableSubleaseWriteOff"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseReceivableSubleaseWriteOff" xlink:to="lab_ptv_LeaseReceivableSubleaseWriteOff" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_79a63278-15c0-476c-832c-e535481da766_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_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ShareBasedLiabiltyAwardsMember_eb16c247-ad81-419c-a4f1-eadd3e7f1be5_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-20231231.xsd#ptv_ShareBasedLiabiltyAwardsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedLiabiltyAwardsMember" xlink:to="lab_ptv_ShareBasedLiabiltyAwardsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments_4cb58f14-973c-4ec0-9436-d8efa0e661ca_terseLabel_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of equal installments</link:label>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments_label_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consideration For Acquired Non-controlling Interest, Number Of Payment Installments</link:label>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments_documentation_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Consideration For Acquired Non-controlling Interest, Number Of Payment Installments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments" xlink:href="ptv-20231231.xsd#ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments" xlink:to="lab_ptv_ConsiderationForAcquiredNonControllingInterestNumberOfPaymentInstallments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate_e0281e17-d3b9-4430-8540-5d6a9dd41849_negatedLabel_en-US" xlink:label="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Tax credits</link:label>
    <link:label id="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Credit, Reconciliation Of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Credit, Reconciliation Of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_TaxCreditReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_TaxCreditReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_40b6008c-b135-494b-a486-2ad3819280d1_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Loss on change in fair value of derivatives</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on change in fair value of derivatives</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:to="lab_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StateMember_aec8e638-eb74-487a-a84d-0b091d3ee8b7_terseLabel_en-US" xlink:label="lab_ptv_StateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">State - current</link:label>
    <link:label id="lab_ptv_StateMember_label_en-US" xlink:label="lab_ptv_StateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">State [Member]</link:label>
    <link:label id="lab_ptv_StateMember_documentation_en-US" xlink:label="lab_ptv_StateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">State</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StateMember" xlink:href="ptv-20231231.xsd#ptv_StateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StateMember" xlink:to="lab_ptv_StateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherNoncurrentAssets_a94fcc6c-21c6-489b-a60f-b4285e160976_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherNoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherNoncurrentAssets" xlink:to="lab_ifrs-full_OtherNoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities_a281a422-6c81-4db7-83bf-a0d8f4f8a323_terseLabel_en-US" xlink:label="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayment of short-term note from 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-20231231.xsd#ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:to="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_3d8e2c58-5442-4915-be06-80464050ca0c_negatedLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Gain on deconsolidation of subsidiary</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for gain (loss) on disposal of investments in subsidiaries, joint ventures and associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="lab_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidatedLeaseLiabilities_9ecdc771-27ff-4dc3-9889-dc8c66dd2125_negatedTerseLabel_en-US" xlink:label="lab_ptv_DeconsolidatedLeaseLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidated</link:label>
    <link:label id="lab_ptv_DeconsolidatedLeaseLiabilities_label_en-US" xlink:label="lab_ptv_DeconsolidatedLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidated Lease Liabilities</link:label>
    <link:label id="lab_ptv_DeconsolidatedLeaseLiabilities_documentation_en-US" xlink:label="lab_ptv_DeconsolidatedLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidated Lease Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidatedLeaseLiabilities" xlink:href="ptv-20231231.xsd#ptv_DeconsolidatedLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidatedLeaseLiabilities" xlink:to="lab_ptv_DeconsolidatedLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ResearchAndDevelopmentMember_692a32ba-3682-490a-bceb-76367ef92dac_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-20231231.xsd#ptv_ResearchAndDevelopmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ResearchAndDevelopmentMember" xlink:to="lab_ptv_ResearchAndDevelopmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfAssociateCommonStockHeldAtFairValue_dbe50271-fd47-45d5-adae-e6d46a0e40eb_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-20231231.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_ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment_645541e2-1b5b-49da-9b8d-e2d36dbc16e7_terseLabel_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consideration for acquired non-controlling interest, second installment</link:label>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment_label_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consideration for acquired non-controlling interest, second installment</link:label>
    <link:label id="lab_ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment_documentation_en-US" xlink:label="lab_ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Consideration for acquired non-controlling interest, second installment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment" xlink:href="ptv-20231231.xsd#ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment" xlink:to="lab_ptv_ConsiderationForAcquiredNonControllingInterestSecondInstallment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForSharebasedPayments_c8430849-6d8d-408f-8f3e-852c5958745b_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForSharebasedPayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceIncomecostsAbstract_cda4ddc2-4161-4f51-9dd2-1cd742a49e31_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-20231231.xsd#ptv_FinanceIncomecostsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceIncomecostsAbstract" xlink:to="lab_ptv_FinanceIncomecostsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SaleOfEquityInstrumentsInOtherEntities_ac23edb2-2bdc-461e-bb55-7f6f4d146b51_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-20231231.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_839e737f-82f7-42ad-b98e-4390a0fb6e11_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-20231231.xsd#ptv_CommitmentsAndContingenciesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CommitmentsAndContingenciesTable" xlink:to="lab_ptv_CommitmentsAndContingenciesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VedantaBiosciencesMember_a82ce7f6-a915-4d99-a0e4-8a261b3deb85_verboseLabel_en-US" xlink:label="lab_ptv_VedantaBiosciencesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesMember_7acd75bb-b4e7-4efe-8818-c6de62f22e2a_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-20231231.xsd#ptv_VedantaBiosciencesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VedantaBiosciencesMember" xlink:to="lab_ptv_VedantaBiosciencesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_3c22f9dc-374d-4660-9d34-45cf7300c4de_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Development Costs</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for research and development expense [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RelatedPartiesMember_cd160cfa-bd99-4b3f-a453-a33d6b7e91ae_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">Related parties [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RelatedPartiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RelatedPartiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RelatedPartiesMember" xlink:to="lab_ifrs-full_RelatedPartiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock_75d07e5d-a045-476c-a521-010e3396761b_terseLabel_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Earnings/(Loss) Attributable to Owners of Company</link:label>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock_label_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Loss attributable to owners of company [Table Text Block]</link:label>
    <link:label id="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock_documentation_en-US" xlink:label="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Earnings Loss attributable to owners of company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:to="lab_ptv_EarningsLossAttributableToOwnersOfCompanyTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceBasedRSUMember_e2fd03e6-6185-4292-9c10-e543f7a9c506_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-20231231.xsd#ptv_PerformanceBasedRSUMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceBasedRSUMember" xlink:to="lab_ptv_PerformanceBasedRSUMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfInterestRatesAxis_845ec111-2ead-4130-88f9-06d44ef6aa7e_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of interest rates [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfInterestRatesAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of interest rates [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfInterestRatesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfInterestRatesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfInterestRatesAxis" xlink:to="lab_ifrs-full_TypesOfInterestRatesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LicencesMember_4241292b-157a-4efe-809f-f9244c2ad00d_terseLabel_en-US" xlink:label="lab_ifrs-full_LicencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Licenses</link:label>
    <link:label id="lab_ifrs-full_LicencesMember_label_en-US" xlink:label="lab_ifrs-full_LicencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Licences [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LicencesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LicencesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LicencesMember" xlink:to="lab_ifrs-full_LicencesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LaboratoryAndManufacturingEquipmentMember_7360fb10-3ac1-4fd3-a839-8ce9d42810ce_terseLabel_en-US" xlink:label="lab_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Laboratory and manufacturing equipment</link:label>
    <link:label id="lab_ptv_LaboratoryAndManufacturingEquipmentMember_label_en-US" xlink:label="lab_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Laboratory and Manufacturing Equipment [Member]</link:label>
    <link:label id="lab_ptv_LaboratoryAndManufacturingEquipmentMember_documentation_en-US" xlink:label="lab_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Laboratory and Manufacturing Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:href="ptv-20231231.xsd#ptv_LaboratoryAndManufacturingEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:to="lab_ptv_LaboratoryAndManufacturingEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory_8fb041b9-ea8f-4851-9dbe-49bc4bc160be_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_0275aa70-845a-485f-b0de-5d9471860cc4_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment of Non-Financial Assets</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for impairment of non-financial assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary_72cf56da-4185-4b49-8313-61f3ff87ad44_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-20231231.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_DeconsolidationRightOfUseAssets_c5224c54-59d2-4687-96fe-c7665a34b235_negatedTerseLabel_en-US" xlink:label="lab_ptv_DeconsolidationRightOfUseAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidated</link:label>
    <link:label id="lab_ptv_DeconsolidationRightOfUseAssets_label_en-US" xlink:label="lab_ptv_DeconsolidationRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidation Right-of-use Assets</link:label>
    <link:label id="lab_ptv_DeconsolidationRightOfUseAssets_documentation_en-US" xlink:label="lab_ptv_DeconsolidationRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidation Right-of-use Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidationRightOfUseAssets" xlink:href="ptv-20231231.xsd#ptv_DeconsolidationRightOfUseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidationRightOfUseAssets" xlink:to="lab_ptv_DeconsolidationRightOfUseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementAbstract_label_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Abstract]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementAbstract_documentation_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:href="ptv-20231231.xsd#ptv_CapitalAndFinancialRiskManagementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:to="lab_ptv_CapitalAndFinancialRiskManagementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NotLaterThan10YearsMember_c32c1f47-17f8-4308-932e-5c0e565c423c_terseLabel_en-US" xlink:label="lab_ptv_NotLaterThan10YearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Within 10 years</link:label>
    <link:label id="lab_ptv_NotLaterThan10YearsMember_label_en-US" xlink:label="lab_ptv_NotLaterThan10YearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not later than 10 years [Member]</link:label>
    <link:label id="lab_ptv_NotLaterThan10YearsMember_documentation_en-US" xlink:label="lab_ptv_NotLaterThan10YearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Not later than 10 years</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NotLaterThan10YearsMember" xlink:href="ptv-20231231.xsd#ptv_NotLaterThan10YearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NotLaterThan10YearsMember" xlink:to="lab_ptv_NotLaterThan10YearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxEffectOfTaxLosses_21b37f07-a2d7-4cdc-a6a4-0b746b5d45fe_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized deferred tax asset</link:label>
    <link:label id="lab_ifrs-full_TaxEffectOfTaxLosses_label_en-US" xlink:label="lab_ifrs-full_TaxEffectOfTaxLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax effect of tax losses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxEffectOfTaxLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TaxEffectOfTaxLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxEffectOfTaxLosses" xlink:to="lab_ifrs-full_TaxEffectOfTaxLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AuditorsRemunerationLineItems_2db9e325-3da9-44d0-a2e2-608e799b214c_terseLabel_en-US" xlink:label="lab_ptv_AuditorsRemunerationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditors Remuneration [Line Items]</link:label>
    <link:label id="lab_ptv_AuditorsRemunerationLineItems_label_en-US" xlink:label="lab_ptv_AuditorsRemunerationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditors Remuneration [Line Items]</link:label>
    <link:label id="lab_ptv_AuditorsRemunerationLineItems_documentation_en-US" xlink:label="lab_ptv_AuditorsRemunerationLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Auditors Remuneration [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditorsRemunerationLineItems" xlink:href="ptv-20231231.xsd#ptv_AuditorsRemunerationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditorsRemunerationLineItems" xlink:to="lab_ptv_AuditorsRemunerationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost_28aa7d25-e298-4013-8d52-23e70fc45e32_terseLabel_en-US" xlink:label="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combination, number of additional shares received, additional cost</link:label>
    <link:label id="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost_label_en-US" xlink:label="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Number Of Additional Shares Received, Additional Cost</link:label>
    <link:label id="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost_documentation_en-US" xlink:label="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Combination, Number Of Additional Shares Received, Additional Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost" xlink:href="ptv-20231231.xsd#ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost" xlink:to="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAdditionalCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_18d356fe-52bb-42c3-8388-e4021141fda9_negatedLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">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>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AkiliInteractiveLabsMember_ce2d25d2-ee0e-468f-b4dd-ca120d852ea7_verboseLabel_en-US" xlink:label="lab_ptv_AkiliInteractiveLabsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Akili Interactive Labs, Inc.</link:label>
    <link:label id="lab_ptv_AkiliInteractiveLabsMember_label_en-US" xlink:label="lab_ptv_AkiliInteractiveLabsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Akili Interactive Labs [Member]</link:label>
    <link:label id="lab_ptv_AkiliInteractiveLabsMember_documentation_en-US" xlink:label="lab_ptv_AkiliInteractiveLabsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Akili Interactive Labs</link:label>
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    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_d089b2c7-26b2-44fd-be28-5f6ac6a9efee_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
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    <link:label id="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis_2baba29e-3b88-45d5-8fd1-bde4044db57d_terseLabel_en-US" xlink:label="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Timing of transfer of goods or services [axis]</link:label>
    <link:label id="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis_label_en-US" xlink:label="lab_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Timing of transfer of goods or services [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TimingOfTransferOfGoodsOrServicesAxis"/>
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    <link:label id="lab_ifrs-full_CurrentAssetsAbstract_0f29c3b8-f926-43b7-bf80-f0b72a14954e_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssetsAbstract" xlink:to="lab_ifrs-full_CurrentAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_7b34ec20-8da1-457d-9e3c-450e9d15201c_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_fb6de2c2-2d45-4aa0-8318-be683a04fc46_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCurrentPayables_830eae93-7fee-4863-9747-556ff1ac65cb_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OtherCurrentPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCurrentPayables" xlink:to="lab_ifrs-full_OtherCurrentPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock_ce35ce98-ac19-4fee-ba73-547c31057d84_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-20231231.xsd#ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:to="lab_ptv_SummaryOfMinimumLiquidationPreferenceTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock_35224276-c217-4a14-bcf4-79a8e117331b_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-20231231.xsd#ptv_SummaryOfInvestmentsInAssociatesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:to="lab_ptv_SummaryOfInvestmentsInAssociatesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalIncomeTaxTypeMember_915ce2e2-9514-4c3a-ac4a-3a350f14bf2f_terseLabel_en-US" xlink:label="lab_ptv_TotalIncomeTaxTypeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Income Tax Type</link:label>
    <link:label id="lab_ptv_TotalIncomeTaxTypeMember_label_en-US" xlink:label="lab_ptv_TotalIncomeTaxTypeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Income Tax Type [Member]</link:label>
    <link:label id="lab_ptv_TotalIncomeTaxTypeMember_documentation_en-US" xlink:label="lab_ptv_TotalIncomeTaxTypeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Income Tax Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TotalIncomeTaxTypeMember" xlink:href="ptv-20231231.xsd#ptv_TotalIncomeTaxTypeMember"/>
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    <link:label id="lab_ptv_PureTechLYT100Member_8c9831d9-d9af-4751-ae52-45aabfe27b42_verboseLabel_en-US" xlink:label="lab_ptv_PureTechLYT100Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech LYT 100, Inc.</link:label>
    <link:label id="lab_ptv_PureTechLYT100Member_label_en-US" xlink:label="lab_ptv_PureTechLYT100Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech LYT - 100 [Member]</link:label>
    <link:label id="lab_ptv_PureTechLYT100Member_documentation_en-US" xlink:label="lab_ptv_PureTechLYT100Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech LYT - 100</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechLYT100Member" xlink:href="ptv-20231231.xsd#ptv_PureTechLYT100Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechLYT100Member" xlink:to="lab_ptv_PureTechLYT100Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_80f7b43f-7f18-4d7e-a774-041a1f6a7859_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfChangesInEquityLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EntitysTotalForAssociatesMember_b0102cb7-449c-4fee-baff-47f3ef50e91c_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForAssociatesMember" 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_EntitysTotalForAssociatesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for associates [member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForAssociatesMember" xlink:to="lab_ifrs-full_EntitysTotalForAssociatesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_a04a6e2a-4c45-4dfe-a8e5-be07e314f0e7_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>
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    <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_AssetsAbstract_44dfd864-6204-4150-b0c8-2d333f11588d_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentLineItems_e0016cb7-c4f6-4190-adcf-6a082c076073_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-20231231.xsd#ptv_ShareBasedPaymentLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentLineItems" xlink:to="lab_ptv_ShareBasedPaymentLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FloatingInterestRateMember_6ff60e46-a2bc-4cd0-87df-de423e30292e_terseLabel_en-US" xlink:label="lab_ifrs-full_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Floating interest rate</link:label>
    <link:label id="lab_ifrs-full_FloatingInterestRateMember_label_en-US" xlink:label="lab_ifrs-full_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Floating interest rate [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FloatingInterestRateMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FloatingInterestRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FloatingInterestRateMember" xlink:to="lab_ifrs-full_FloatingInterestRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_fc94fc3a-f714-490a-9bb2-cd951b552bdf_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/2023/dei-2023.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccruedInterestContractual_0ffd579c-169b-42ed-a14e-ab31f6e02816_terseLabel_en-US" xlink:label="lab_ptv_AccruedInterestContractual" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest &#8211; contractual</link:label>
    <link:label id="lab_ptv_AccruedInterestContractual_label_en-US" xlink:label="lab_ptv_AccruedInterestContractual" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued interest - contractual</link:label>
    <link:label id="lab_ptv_AccruedInterestContractual_documentation_en-US" xlink:label="lab_ptv_AccruedInterestContractual" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accrued interest - contractual</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccruedInterestContractual" xlink:href="ptv-20231231.xsd#ptv_AccruedInterestContractual"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccruedInterestContractual" xlink:to="lab_ptv_AccruedInterestContractual" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_731ea3bb-91a2-41b4-80ed-30ff8d445fee_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_77542dab-6588-4cfd-86fc-3380eff69b63_terseLabel_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on change in fair value of equity investments</link:label>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_label_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (Losses) On Change In Fair Value Of Equity Investments</link:label>
    <link:label id="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments_documentation_en-US" xlink:label="lab_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gains (Losses) On Change In Fair Value Of Equity Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainsLossesOnChangeInFairValueOfEquityInvestments" xlink:href="ptv-20231231.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_ProfitLoss_2a6482f6-c821-4456-a25e-e577ac401134_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) for the year</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_7e137798-7110-42b6-a08a-f39d9b1680ed_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_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ParValuePerShare_676cf27e-5976-4ed0-8c41-e131e4bfecd2_terseLabel_en-US" xlink:label="lab_ifrs-full_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Par value per share (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_ParValuePerShare_label_en-US" xlink:label="lab_ifrs-full_ParValuePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Par value per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ParValuePerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ParValuePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ParValuePerShare" xlink:to="lab_ifrs-full_ParValuePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorFirmId_0f6d24b6-f9c8-4890-a2f0-8704fb4e13ab_terseLabel_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor Firm ID</link:label>
    <link:label id="lab_dei_AuditorFirmId_label_en-US" xlink:label="lab_dei_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Firm ID</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorFirmId" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorFirmId"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorFirmId" xlink:to="lab_dei_AuditorFirmId" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityShellCompany_f6da2993-7943-465d-bc8e-025355c9b72c_terseLabel_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:label id="lab_dei_EntityShellCompany_label_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityShellCompany" xlink:to="lab_dei_EntityShellCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesTable_b510badc-93cc-4081-9343-d2641446c4e4_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Table]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesTable_label_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Table]</link:label>
    <link:label id="lab_ptv_DisclosureOfInformationOfEmployeesTable_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInformationOfEmployeesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of information of employees [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInformationOfEmployeesTable" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfInformationOfEmployeesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInformationOfEmployeesTable" xlink:to="lab_ptv_DisclosureOfInformationOfEmployeesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BorrowingsAccruedInterest_3eccf747-774a-48da-bed8-9a7ed3c6d505_terseLabel_en-US" xlink:label="lab_ptv_BorrowingsAccruedInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest</link:label>
    <link:label id="lab_ptv_BorrowingsAccruedInterest_label_en-US" xlink:label="lab_ptv_BorrowingsAccruedInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Accrued Interest</link:label>
    <link:label id="lab_ptv_BorrowingsAccruedInterest_documentation_en-US" xlink:label="lab_ptv_BorrowingsAccruedInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Accrued Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsAccruedInterest" xlink:href="ptv-20231231.xsd#ptv_BorrowingsAccruedInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsAccruedInterest" xlink:to="lab_ptv_BorrowingsAccruedInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems_9cfaffe5-5577-4f40-9000-37665552643a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:to="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AllSubsidiariesMember_6bc76282-bf47-4ffd-be1b-2d6721ee4671_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-20231231.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_ptv_StockRepurchaseProgramSharesAuthorizedToBeRepurchased_67d9b7dc-8f0b-4b56-bb86-286b06cd81e1_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-20231231.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_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_15762abe-aa79-4f99-8e4c-88d117fdc7fb_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxation</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for income tax [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory"/>
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    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation_693761bc-0e77-4884-99cd-6b5b3175cca9_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:to="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantUnobservableInputAssets_42e71435-22ac-44bd-a873-7574b860c142_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SignificantUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantUnobservableInputAssets" xlink:to="lab_ifrs-full_SignificantUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentsForFinanceCostsIncome_4ef3bb1e-bc63-4619-a3f2-07159b88ae67_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-20231231.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_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased_f627dd21-773b-44e1-8e69-0bc5db0f2841_negatedTerseLabel_en-US" xlink:label="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Effect of shares issued &amp; treasury shares purchased (in shares)</link:label>
    <link:label id="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased_label_en-US" xlink:label="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased" 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</link:label>
    <link:label id="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased_documentation_en-US" xlink:label="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased" 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</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased" xlink:href="ptv-20231231.xsd#ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased" xlink:to="lab_ptv_DilutiveEffectOfAllInstrumentsOnWeightedAverageNumberOfOrdinarySharesIncludingEffectOfTreasurySharesPurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExercisePriceShareOptionsGranted2019_a22b604f-c42a-4f8d-8ac0-e78d4bbdf1a7_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ExercisePriceShareOptionsGranted2019"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:to="lab_ifrs-full_ExercisePriceShareOptionsGranted2019" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromExerciseOfOptions_25bc07e3-34ae-4c5c-bcef-e084f8778147_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_ConvertibleNotesRollForward_9901a64a-9ba2-4677-9646-aab76d341b79_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleNotesRollForward" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible Notes [Roll Forward]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesRollForward_label_en-US" xlink:label="lab_ptv_ConvertibleNotesRollForward" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Notes [Roll Forward]</link:label>
    <link:label id="lab_ptv_ConvertibleNotesRollForward_documentation_en-US" xlink:label="lab_ptv_ConvertibleNotesRollForward" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleNotesRollForward" xlink:href="ptv-20231231.xsd#ptv_ConvertibleNotesRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleNotesRollForward" xlink:to="lab_ptv_ConvertibleNotesRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfChangesInEquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_ca6be970-9654-443a-981e-6bf47b83709e_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_17a6bca6-2f27-4e29-ad5b-46c9782758df_negatedLabel_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Loss on investments in notes from associates</link:label>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_label_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Investment In Notes Receivable From Associates</link:label>
    <link:label id="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates_documentation_en-US" xlink:label="lab_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Investment In Notes Receivable From Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnInvestmentInNotesReceivableFromAssociates" xlink:href="ptv-20231231.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_7198722c-bdd4-4381-a3b3-8d137a2174e9_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-20231231.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_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_6c0e9c2c-82e6-4f5c-b33b-98693d06c58f_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share in other comprehensive income of associates</link:label>
    <link:label id="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_ContactPersonnelName_df46a918-8cf3-46b5-9a6c-fdca676f4d46_terseLabel_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contact Personnel Name</link:label>
    <link:label id="lab_dei_ContactPersonnelName_label_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contact Personnel Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_ContactPersonnelName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_ContactPersonnelName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_ContactPersonnelName" xlink:to="lab_dei_ContactPersonnelName" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExpiringAxis_061c0437-225e-4ac1-a86e-15407890f442_terseLabel_en-US" xlink:label="lab_ptv_ExpiringAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expiring [Axis]</link:label>
    <link:label id="lab_ptv_ExpiringAxis_label_en-US" xlink:label="lab_ptv_ExpiringAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expiring [Axis]</link:label>
    <link:label id="lab_ptv_ExpiringAxis_documentation_en-US" xlink:label="lab_ptv_ExpiringAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expiring</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExpiringAxis" xlink:href="ptv-20231231.xsd#ptv_ExpiringAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExpiringAxis" xlink:to="lab_ptv_ExpiringAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ApplicableTaxRate_98eeef30-4cc9-4844-8871-b0d928daa628_terseLabel_en-US" xlink:label="lab_ifrs-full_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">US federal statutory rate</link:label>
    <link:label id="lab_ifrs-full_ApplicableTaxRate_label_en-US" xlink:label="lab_ifrs-full_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Applicable tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ApplicableTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ApplicableTaxRate"/>
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    <link:label id="lab_ptv_DerivativeAssetBackstopAgreementMember_006f1ba4-a4b9-49b4-afee-309db76c0ee2_terseLabel_en-US" xlink:label="lab_ptv_DerivativeAssetBackstopAgreementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Asset, Backstop Agreement</link:label>
    <link:label id="lab_ptv_DerivativeAssetBackstopAgreementMember_label_en-US" xlink:label="lab_ptv_DerivativeAssetBackstopAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Asset, Backstop Agreement [Member]</link:label>
    <link:label id="lab_ptv_DerivativeAssetBackstopAgreementMember_documentation_en-US" xlink:label="lab_ptv_DerivativeAssetBackstopAgreementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative Asset, Backstop Agreement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DerivativeAssetBackstopAgreementMember" xlink:href="ptv-20231231.xsd#ptv_DerivativeAssetBackstopAgreementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DerivativeAssetBackstopAgreementMember" xlink:to="lab_ptv_DerivativeAssetBackstopAgreementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentRegistrationStatement_71172c40-ee12-4050-ac9e-8b94ff019540_terseLabel_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Registration Statement</link:label>
    <link:label id="lab_dei_DocumentRegistrationStatement_label_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Registration Statement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentRegistrationStatement" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentRegistrationStatement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentRegistrationStatement" xlink:to="lab_dei_DocumentRegistrationStatement" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_33182996-95b0-4c23-910c-119afd577858_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine2_0706fadb-fd97-4838-85f4-810c1bbfc253_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line Two</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine2_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line Two</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine2" xlink:to="lab_dei_EntityAddressAddressLine2" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects_958d8ef7-88a8-4de7-84a8-793c7c0e0f91_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income/(loss) for the year, attributable to the owners of the Group, dilutive</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating diluted earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:to="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForAuditServices_f0db7109-2a18-4d9a-abaf-e363318b2339_terseLabel_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audit of these financial statements</link:label>
    <link:label id="lab_ifrs-full_AuditorsRemunerationForAuditServices_label_en-US" xlink:label="lab_ifrs-full_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor's remuneration for audit services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AuditorsRemunerationForAuditServices" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AuditorsRemunerationForAuditServices"/>
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    <link:label id="lab_ptv_LeaseTermOfContract_ce564a0e-c6db-403e-913a-9ade0736a68b_terseLabel_en-US" xlink:label="lab_ptv_LeaseTermOfContract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease, term of contract</link:label>
    <link:label id="lab_ptv_LeaseTermOfContract_label_en-US" xlink:label="lab_ptv_LeaseTermOfContract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease, Term Of Contract</link:label>
    <link:label id="lab_ptv_LeaseTermOfContract_documentation_en-US" xlink:label="lab_ptv_LeaseTermOfContract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease, Term Of Contract</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseTermOfContract" xlink:href="ptv-20231231.xsd#ptv_LeaseTermOfContract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseTermOfContract" xlink:to="lab_ptv_LeaseTermOfContract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfAssetsMember_d050b546-970e-4213-a5f6-43102952535e_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsMember" 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_ClassesOfAssetsMember_label_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAssetsMember" xlink:to="lab_ifrs-full_ClassesOfAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory_864aa3fe-14eb-423d-8be4-5e3f5655f845_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial Assets</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for financial assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialAssetsExplanatory"/>
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    <link:label id="lab_ptv_SignificantSubsidiaryPlanLineItems_21701ef9-bc43-4ceb-94b3-bcb9090411fa_terseLabel_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlanLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant Subsidiary Plan [Line Items]</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlanLineItems_label_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlanLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Subsidiary Plan [Line Items]</link:label>
    <link:label id="lab_ptv_SignificantSubsidiaryPlanLineItems_documentation_en-US" xlink:label="lab_ptv_SignificantSubsidiaryPlanLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Significant Subsidiary Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SignificantSubsidiaryPlanLineItems" xlink:href="ptv-20231231.xsd#ptv_SignificantSubsidiaryPlanLineItems"/>
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    <link:label id="lab_ifrs-full_LeaseholdImprovementsMember_af54d002-9a4c-40fa-998c-3b23c4f87cb9_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseholdImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leasehold improvements</link:label>
    <link:label id="lab_ifrs-full_LeaseholdImprovementsMember_label_en-US" xlink:label="lab_ifrs-full_LeaseholdImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leasehold improvements [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseholdImprovementsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LeaseholdImprovementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LeaseholdImprovementsMember" xlink:to="lab_ifrs-full_LeaseholdImprovementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock_b75ee3fe-cea3-471b-91f7-7487dcd34426_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Property and Equipment, Net</link:label>
    <link:label id="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Property &amp; Equipment net [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Property &amp; Equipment net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_ScheduleOfPropertyEquipmentNetTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:to="lab_ptv_ScheduleOfPropertyEquipmentNetTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLeaseLiabilities_6c1c5c21-39a0-4b00-86f6-f0944cea7ade_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_f0339367-4f28-457f-aeb2-6d5844f8758b_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Short-term portion of lease liability</link:label>
    <link:label id="lab_ifrs-full_CurrentLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLeaseLiabilities" xlink:to="lab_ifrs-full_CurrentLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange_d31cb90a-d57d-4cba-af2b-51ca70478fbb_terseLabel_en-US" xlink:label="lab_ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of earnout shares received from SPAC exchange (in shares)</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange_label_en-US" xlink:label="lab_ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Investments, Number Of Earnout Shares Received From SPAC Exchange</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange_documentation_en-US" xlink:label="lab_ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Investments, Number Of Earnout Shares Received From SPAC Exchange</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange" xlink:href="ptv-20231231.xsd#ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange" xlink:to="lab_ptv_FinancialInvestmentsNumberOfEarnoutSharesReceivedFromSPACExchange" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_4c734594-64e8-4b2d-a493-d9f39171159b_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</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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_PureTechHealthMember_646748ff-1084-4396-a39e-e5cc76a53847_verboseLabel_en-US" xlink:label="lab_ptv_PureTechHealthMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">PureTech Health LLC</link:label>
    <link:label id="lab_ptv_PureTechHealthMember_e717e25a-b4c1-401f-b915-2a0c60c05816_terseLabel_en-US" xlink:label="lab_ptv_PureTechHealthMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">PureTech Health LLC</link:label>
    <link:label id="lab_ptv_PureTechHealthMember_label_en-US" xlink:label="lab_ptv_PureTechHealthMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">PureTech Health [Member]</link:label>
    <link:label id="lab_ptv_PureTechHealthMember_documentation_en-US" xlink:label="lab_ptv_PureTechHealthMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">PureTech Health</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PureTechHealthMember" xlink:href="ptv-20231231.xsd#ptv_PureTechHealthMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PureTechHealthMember" xlink:to="lab_ptv_PureTechHealthMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_db5cbdb6-8d66-421e-8d8d-e205d5886873_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about borrowings [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about borrowings [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesTableTextBlock_a0b143c5-96ac-48f7-9f1f-dfb24ab7b090_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-20231231.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_UnobservableInputsAxis_4f436768-afe1-4437-96e3-838cf98687d1_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_UnobservableInputsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnobservableInputsAxis" xlink:to="lab_ifrs-full_UnobservableInputsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentFinanceLeaseReceivables_fcdc9382-ccca-4ca7-a0d5-e49d1c057347_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Lease receivable &#8211; long-term</link:label>
    <link:label id="lab_ifrs-full_NoncurrentFinanceLeaseReceivables_label_en-US" xlink:label="lab_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current finance lease receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncurrentFinanceLeaseReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:to="lab_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockCommittedToAcquireDuringPeriodPricePerShare_bdf195e5-611a-47e0-a86c-ee82379f89bb_terseLabel_en-US" xlink:label="lab_ptv_StockCommittedToAcquireDuringPeriodPricePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock committed to acquire during period (in dollars per share)</link:label>
    <link:label id="lab_ptv_StockCommittedToAcquireDuringPeriodPricePerShare_label_en-US" xlink:label="lab_ptv_StockCommittedToAcquireDuringPeriodPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Committed To Acquire During Period, Price Per Share</link:label>
    <link:label id="lab_ptv_StockCommittedToAcquireDuringPeriodPricePerShare_documentation_en-US" xlink:label="lab_ptv_StockCommittedToAcquireDuringPeriodPricePerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Committed To Acquire During Period, Price Per Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockCommittedToAcquireDuringPeriodPricePerShare" xlink:href="ptv-20231231.xsd#ptv_StockCommittedToAcquireDuringPeriodPricePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockCommittedToAcquireDuringPeriodPricePerShare" xlink:to="lab_ptv_StockCommittedToAcquireDuringPeriodPricePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfVotesPerOrdinaryShare_94254c11-dedd-4d74-b47f-1e2b09ffa27b_terseLabel_en-US" xlink:label="lab_ptv_NumberOfVotesPerOrdinaryShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of votes per ordinary share</link:label>
    <link:label id="lab_ptv_NumberOfVotesPerOrdinaryShare_label_en-US" xlink:label="lab_ptv_NumberOfVotesPerOrdinaryShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Votes Per Ordinary Share</link:label>
    <link:label id="lab_ptv_NumberOfVotesPerOrdinaryShare_documentation_en-US" xlink:label="lab_ptv_NumberOfVotesPerOrdinaryShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Votes Per Ordinary Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfVotesPerOrdinaryShare" xlink:href="ptv-20231231.xsd#ptv_NumberOfVotesPerOrdinaryShare"/>
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    <link:label id="lab_ifrs-full_CurrentFinancialLiabilities_ebd2bcce-1d03-4915-b395-820b08b01359_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" 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_ifrs-full_CurrentFinancialLiabilities_dc5da6a4-6fda-4018-8643-718ff94bec45_periodStartLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ifrs-full_CurrentFinancialLiabilities_a46434f3-4508-4d3c-909f-9dc956e6d987_periodEndLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:label id="lab_ifrs-full_CurrentFinancialLiabilities_03428dd9-d98f-48ee-bf3a-77d5aa8f0509_netLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Current financial liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentFinancialLiabilities" xlink:to="lab_ifrs-full_CurrentFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity_22ceaa91-8694-4764-a250-a058e4232070_terseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vesting of share-based awards and net share exercise</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease through vesting of share based awards and net share exercise, equity</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase Decrease through vesting of share based awards and net share exercise, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity" xlink:href="ptv-20231231.xsd#ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity" xlink:to="lab_ptv_IncreaseDecreaseThroughVestingOfShareBasedAwardsAndNetShareExerciseEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BorrowingsDeconsolidationOfSubsidiary_feb4ceb1-ad54-47c0-9a0d-69024c6ca228_negatedTerseLabel_en-US" xlink:label="lab_ptv_BorrowingsDeconsolidationOfSubsidiary" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiary</link:label>
    <link:label id="lab_ptv_BorrowingsDeconsolidationOfSubsidiary_label_en-US" xlink:label="lab_ptv_BorrowingsDeconsolidationOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Deconsolidation Of Subsidiary</link:label>
    <link:label id="lab_ptv_BorrowingsDeconsolidationOfSubsidiary_documentation_en-US" xlink:label="lab_ptv_BorrowingsDeconsolidationOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Deconsolidation Of Subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsDeconsolidationOfSubsidiary" xlink:href="ptv-20231231.xsd#ptv_BorrowingsDeconsolidationOfSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsDeconsolidationOfSubsidiary" xlink:to="lab_ptv_BorrowingsDeconsolidationOfSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExplanatory_819b5fa5-7cb4-4dae-aebb-624fae602805_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Credit Risk</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfCreditRiskExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:to="lab_ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_212b1fff-2b83-457d-ad58-ca281c1e80e4_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Payments</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for share-based payment transactions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_b5617e66-82f1-4cde-a493-47f591185a87_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProfitLossAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:to="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LiquidityRiskTable_f8a98f14-5475-40a3-ab95-0de2f8307831_terseLabel_en-US" xlink:label="lab_ptv_LiquidityRiskTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Table]</link:label>
    <link:label id="lab_ptv_LiquidityRiskTable_label_en-US" xlink:label="lab_ptv_LiquidityRiskTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Table]</link:label>
    <link:label id="lab_ptv_LiquidityRiskTable_documentation_en-US" xlink:label="lab_ptv_LiquidityRiskTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liquidity Risk [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LiquidityRiskTable" xlink:href="ptv-20231231.xsd#ptv_LiquidityRiskTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LiquidityRiskTable" xlink:to="lab_ptv_LiquidityRiskTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementTable_d381df60-36e3-43a6-bf5c-2cc77af8331d_terseLabel_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Table]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementTable_label_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Table]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementTable_documentation_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalAndFinancialRiskManagementTable" xlink:href="ptv-20231231.xsd#ptv_CapitalAndFinancialRiskManagementTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalAndFinancialRiskManagementTable" xlink:to="lab_ptv_CapitalAndFinancialRiskManagementTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_d3017b53-1203-4813-9644-98b3dc3ab5ee_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_NotLaterThanOneYearMember_d7828891-cb28-43ef-8c52-26bafe5d5a78_terseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less than one year</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotLaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NotLaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember" xlink:to="lab_ifrs-full_NotLaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_0a31c811-03e1-4354-abde-c09d94798573_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for leases [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingLineItems_722e25d7-1a4e-4958-85d9-1b3b9f6b170c_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Options Outstanding [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingLineItems_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Options Outstanding [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsOutstandingLineItems_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Options Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageOptionsOutstandingLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:to="lab_ptv_WeightedAverageOptionsOutstandingLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember_05ab0b8d-d6de-4ac1-a4f5-95759d72a1fe_terseLabel_en-US" xlink:label="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalized research &amp; development expenditures</link:label>
    <link:label id="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember_label_en-US" xlink:label="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalized Research And Experimental Expenditures [Member]</link:label>
    <link:label id="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember_documentation_en-US" xlink:label="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capitalized Research And Experimental Expenditures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:href="ptv-20231231.xsd#ptv_CapitalizedResearchAndExperimentalExpendituresMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:to="lab_ptv_CapitalizedResearchAndExperimentalExpendituresMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill_2b71c09c-e307-4dc8-89cc-49cd479f628e_terseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiaries</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) From Adjustment To Loss Of Control Of Subsidiary, Intangible Assets Other Than Goodwill</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) From Adjustment To Loss Of Control Of Subsidiary, Intangible Assets Other Than Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:href="ptv-20231231.xsd#ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ptv_IncreaseDecreaseFromAdjustmentToLossOfControlOfSubsidiaryIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement_3207c593-41c0-4326-8f85-c533378862cd_negatedTerseLabel_en-US" xlink:label="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Forfeited and expired (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement_label_en-US" xlink:label="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Share Options Forfeited And Expired In Share-Based Payment Arrangement</link:label>
    <link:label id="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement_documentation_en-US" xlink:label="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Share Options Forfeited And Expired In Share-Based Payment Arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:href="ptv-20231231.xsd#ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:to="lab_ptv_NumberOfShareOptionsForfeitedAndExpiredInShareBasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DirectorsRemunerationExpense_35472d21-818e-4489-8a04-ae765910687d_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_CurrentAssets_43b2dad2-fbfa-4c8d-b3b9-67d632b5c2e5_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_fc78db5e-f44a-42e7-af9b-1e86dcf26ad3_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:label id="lab_ifrs-full_CurrentAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_CurrentPortionOfLongtermBorrowings_e9a1bfeb-529f-4ce7-93a1-fa4e1cdc4444_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current portion of long-term loan</link:label>
    <link:label id="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_35aa74e0-1153-4145-8f66-8e0ccf210b18_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" 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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_TradeAndOtherPayablesMember_45d83252-ee34-4d83-ba6e-32c58075f181_terseLabel_en-US" xlink:label="lab_ptv_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:label id="lab_ptv_TradeAndOtherPayablesMember_label_en-US" xlink:label="lab_ptv_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade and other payables [Member]</link:label>
    <link:label id="lab_ptv_TradeAndOtherPayablesMember_documentation_en-US" xlink:label="lab_ptv_TradeAndOtherPayablesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trade and other payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TradeAndOtherPayablesMember" xlink:href="ptv-20231231.xsd#ptv_TradeAndOtherPayablesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TradeAndOtherPayablesMember" xlink:to="lab_ptv_TradeAndOtherPayablesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressesAddressTypeAxis_a2cc41af-5f13-4ec5-81bd-c944704ed9a9_terseLabel_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Addresses, Address Type [Axis]</link:label>
    <link:label id="lab_dei_EntityAddressesAddressTypeAxis_label_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Addresses, Address Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressesAddressTypeAxis" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressesAddressTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressesAddressTypeAxis" xlink:to="lab_dei_EntityAddressesAddressTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BusinessCombinationSharePrice_638a1b35-0c24-4ab9-83db-7d6fde0d1851_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>
    <link:label id="lab_ptv_BusinessCombinationSharePrice_label_en-US" xlink:label="lab_ptv_BusinessCombinationSharePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Share Price</link:label>
    <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-20231231.xsd#ptv_BusinessCombinationSharePrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BusinessCombinationSharePrice" xlink:to="lab_ptv_BusinessCombinationSharePrice" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_2f4e9654-1737-427a-9f95-a0d0fb17cdbe_terseLabel_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_label_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding" xlink:to="lab_dei_EntityCommonStockSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseTableTextBlock_7844e579-5b38-4166-b53c-2240d52a1459_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Share-Based Payment Expense as Reflected in the Consolidated Statement of Income/(Loss)</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseTableTextBlock_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Table [Text Block]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpenseTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-based Payment Expense Table</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_ShareBasedPaymentExpenseTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:to="lab_ptv_ShareBasedPaymentExpenseTableTextBlock" xlink:type="arc" order="1"/>
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    <link:label id="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share based Payment expenses, non-deductible, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share based Payment expenses, non-deductible, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_ShareBasedPaymentExpensesNonDeductibleReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_d7aacb2e-ce0b-4335-9fc3-4c16e8c5a040_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis_39a0b4fc-e68a-48e8-b0c8-7f9d57cba963_terseLabel_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods [Axis]</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis_label_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods [Axis]</link:label>
    <link:label id="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis_documentation_en-US" xlink:label="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards, Expiration Periods</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:href="ptv-20231231.xsd#ptv_OperatingLossCarryforwardsExpirationPeriodsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:to="lab_ptv_OperatingLossCarryforwardsExpirationPeriodsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_VestingOfRestrictedStockUnits_8443cdd6-a257-4016-a32e-fa90a51fb5fe_negatedTerseLabel_en-US" xlink:label="lab_ptv_VestingOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Vesting of restricted stock units and net share exercise</link:label>
    <link:label id="lab_ptv_VestingOfRestrictedStockUnits_label_en-US" xlink:label="lab_ptv_VestingOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vesting of restricted stock units</link:label>
    <link:label id="lab_ptv_VestingOfRestrictedStockUnits_documentation_en-US" xlink:label="lab_ptv_VestingOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vesting of restricted stock units</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VestingOfRestrictedStockUnits" xlink:href="ptv-20231231.xsd#ptv_VestingOfRestrictedStockUnits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VestingOfRestrictedStockUnits" xlink:to="lab_ptv_VestingOfRestrictedStockUnits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_74653679-d08f-45fb-93b4-ea39b657c31a_negatedLabel_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Reclassification of Vor from level 3 to level 1</link:label>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_label_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers out of Level 3 of fair value hierarchy, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets"/>
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    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock_c382410c-96d8-4829-8d59-666b7bfbe5c0_terseLabel_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Going Concern</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock_label_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Going Concern [Policy Text Block]</link:label>
    <link:label id="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock_documentation_en-US" xlink:label="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description Of Accounting Policy For Going Concern</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:href="ptv-20231231.xsd#ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:to="lab_ptv_DescriptionOfAccountingPolicyForGoingConcernPolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable_3938766b-c589-4027-a52e-50db3f6faa1d_terseLabel_en-US" xlink:label="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Policies - Property and Equipment [Table]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable_label_en-US" xlink:label="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies - Property and Equipment [Table]</link:label>
    <link:label id="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable_documentation_en-US" xlink:label="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accounting Policies - Property and Equipment [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:href="ptv-20231231.xsd#ptv_AccountingPoliciesPropertyAndEquipmentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:to="lab_ptv_AccountingPoliciesPropertyAndEquipmentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfIntangibleAssetsNetTableTextBlock_dcbccec8-d5f5-4da8-b1b7-b63cf6a45f1e_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfIntangibleAssetsNetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Intangible Assets, Net</link:label>
    <link:label id="lab_ptv_ScheduleOfIntangibleAssetsNetTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfIntangibleAssetsNetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Intangible assets net [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfIntangibleAssetsNetTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfIntangibleAssetsNetTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Intangible assets net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfIntangibleAssetsNetTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_ScheduleOfIntangibleAssetsNetTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfIntangibleAssetsNetTableTextBlock" xlink:to="lab_ptv_ScheduleOfIntangibleAssetsNetTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RevenueTable_30ea0720-9815-450a-a5f6-656fed7a5899_terseLabel_en-US" xlink:label="lab_ptv_RevenueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue [Table]</link:label>
    <link:label id="lab_ptv_RevenueTable_label_en-US" xlink:label="lab_ptv_RevenueTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue [Table]</link:label>
    <link:label id="lab_ptv_RevenueTable_documentation_en-US" xlink:label="lab_ptv_RevenueTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RevenueTable" xlink:href="ptv-20231231.xsd#ptv_RevenueTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RevenueTable" xlink:to="lab_ptv_RevenueTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeaportTherapeuticsMember_cab6e5ef-642e-4e3b-9d42-765b493531fb_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-20231231.xsd#ptv_SeaportTherapeuticsMember"/>
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    <link:label id="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate_289ebea1-9f29-4d8a-83d9-7e66318efa6a_terseLabel_en-US" xlink:label="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Worthless stock deduction</link:label>
    <link:label id="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Rate Effect Of Stock Deduction, Reconciliation Of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tax Rate Effect Of Stock Deduction, Reconciliation Of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_TaxRateEffectOfStockDeductionReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_28c8b2b3-d608-4ac0-8fb1-2ac4986bffdb_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted"/>
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    <link:label id="lab_ptv_LongTermLoanMember_1cd59682-1d72-4e84-97ba-6eb653f67aa6_verboseLabel_en-US" xlink:label="lab_ptv_LongTermLoanMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term loan</link:label>
    <link:label id="lab_ptv_LongTermLoanMember_label_en-US" xlink:label="lab_ptv_LongTermLoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term loan [Member]</link:label>
    <link:label id="lab_ptv_LongTermLoanMember_documentation_en-US" xlink:label="lab_ptv_LongTermLoanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Long-term loan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LongTermLoanMember" xlink:href="ptv-20231231.xsd#ptv_LongTermLoanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LongTermLoanMember" xlink:to="lab_ptv_LongTermLoanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased_b3f07de9-8445-4ccd-8243-6a3c060983b9_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-20231231.xsd#ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:to="lab_ptv_StockRepurchaseProgramAggregatedNumberOfSharesRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EntregaMember_0512afd2-06a9-4409-8516-aeca4c3f96dc_verboseLabel_en-US" xlink:label="lab_ptv_EntregaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Entrega, Inc. (indirectly held through Enlight)</link:label>
    <link:label id="lab_ptv_EntregaMember_8e8b335a-8304-4b26-9153-dd2a3a7fb161_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-20231231.xsd#ptv_EntregaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EntregaMember" xlink:to="lab_ptv_EntregaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock_1a884f61-c381-4fee-b820-cbf3fe1709be_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in Assets, Level 3 Fair Value, Investments Held at Fair Value</link:label>
    <link:label id="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of changes in assets, level 3 fair value - investments held at fair value [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of changes in assets, level 3 fair value - investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:to="lab_ptv_DisclosureOfChangesInAssetsLevel3FairValueInvestmentsHeldAtFairValueTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock_a1411ec1-b5c2-445f-9f71-134dab754858_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Subsidiary Share-Based Payments</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Share-based Payment Plans [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Share-based Payment Plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:to="lab_ptv_DisclosureOfSubsidiaryShareBasedPaymentPlansTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_52a21ed2-088a-41e5-b184-2fb75db4a88c_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_caa24ed4-3af4-47dd-8f86-0bbe48140b8e_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment of fixed assets</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
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    <link:label id="lab_ptv_VedantaBiosciencesSecuritiesCorpMember_62a8b9ca-f5ca-4feb-a9ef-170215359220_verboseLabel_en-US" xlink:label="lab_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences Securities Corp. (indirectly held through Vedanta)</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesSecuritiesCorpMember_label_en-US" xlink:label="lab_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences Securities Corp [Member]</link:label>
    <link:label id="lab_ptv_VedantaBiosciencesSecuritiesCorpMember_documentation_en-US" xlink:label="lab_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Vedanta Biosciences Securities Corp</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:href="ptv-20231231.xsd#ptv_VedantaBiosciencesSecuritiesCorpMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:to="lab_ptv_VedantaBiosciencesSecuritiesCorpMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_3799e8d4-f26c-46b2-8b8c-f0388cf908f2_terseLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclassification of foreign currency differences on dilution of interest</link:label>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification adjustments on exchange differences on translation of foreign operations, before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAbstract_label_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements [Abstract]</link:label>
    <link:label id="lab_ptv_ShareBasedPaymentArrangementsAbstract_documentation_en-US" xlink:label="lab_ptv_ShareBasedPaymentArrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Payment Arrangements [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedPaymentArrangementsAbstract" xlink:href="ptv-20231231.xsd#ptv_ShareBasedPaymentArrangementsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedPaymentArrangementsAbstract" xlink:to="lab_ptv_ShareBasedPaymentArrangementsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_bcb5f42b-418b-49bf-a652-a7eca2da20fc_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_7887fa4f-8bb5-4a8e-9ab2-576ac304ac50_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Changes in the fair value of the notes and convertible debt</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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_b3f04c30-ac66-4e27-8886-2ec0d2c44362_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
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    <link:label id="lab_ifrs-full_BorrowingsInterestRate_1965b40a-278e-4144-96c8-630dd1a061df_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BorrowingsInterestRate"/>
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    <link:label id="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract_520ce284-f640-452d-961c-552d54547187_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-20231231.xsd#ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract"/>
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    <link:label id="lab_ptv_NotesPayableTable_813f5c89-861a-42ee-a982-4046576cb44d_terseLabel_en-US" xlink:label="lab_ptv_NotesPayableTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes Payable [Table]</link:label>
    <link:label id="lab_ptv_NotesPayableTable_label_en-US" xlink:label="lab_ptv_NotesPayableTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Payable [Table]</link:label>
    <link:label id="lab_ptv_NotesPayableTable_documentation_en-US" xlink:label="lab_ptv_NotesPayableTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NotesPayableTable" xlink:href="ptv-20231231.xsd#ptv_NotesPayableTable"/>
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    <link:label id="lab_ptv_SPACExchangeAdditionalInvestmentInAssociates_ccbfe03e-4d79-4ddf-a0af-e7782b6da5ac_terseLabel_en-US" xlink:label="lab_ptv_SPACExchangeAdditionalInvestmentInAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional investment as a result of backstop settlement (see above)</link:label>
    <link:label id="lab_ptv_SPACExchangeAdditionalInvestmentInAssociates_label_en-US" xlink:label="lab_ptv_SPACExchangeAdditionalInvestmentInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SPAC Exchange, Additional Investment In Associates</link:label>
    <link:label id="lab_ptv_SPACExchangeAdditionalInvestmentInAssociates_documentation_en-US" xlink:label="lab_ptv_SPACExchangeAdditionalInvestmentInAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">SPAC Exchange, Additional Investment In Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SPACExchangeAdditionalInvestmentInAssociates" xlink:href="ptv-20231231.xsd#ptv_SPACExchangeAdditionalInvestmentInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SPACExchangeAdditionalInvestmentInAssociates" xlink:to="lab_ptv_SPACExchangeAdditionalInvestmentInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeReceivablesMember_1b57ce92-5923-4861-aad5-84e9abf6cbb7_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeReceivablesMember" 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_TradeReceivablesMember_label_en-US" xlink:label="lab_ifrs-full_TradeReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeReceivablesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeReceivablesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeReceivablesMember" xlink:to="lab_ifrs-full_TradeReceivablesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceLeaseReceivables_cb837906-469e-429a-bf3c-481c1c955fe5_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinanceLeaseReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceLeaseReceivables" xlink:to="lab_ifrs-full_FinanceLeaseReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable_5c6ec795-6108-4f1d-9f5b-0435a092ee00_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesTable"/>
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    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_b8cc33db-d724-4daa-9368-c5a6cb5a195a_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
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    <link:label id="lab_ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty_822515da-7c13-4f97-b271-94a807159214_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-20231231.xsd#ptv_RoyaltyAgreementAnnualThresholdRoyaltyPaymentMadeToCounterparty"/>
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    <link:label id="lab_ptv_ValueAtIssuance_b33099fd-0911-4865-9b3b-04bd2507e369_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-20231231.xsd#ptv_ValueAtIssuance"/>
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    <link:label id="lab_ifrs-full_DisclosureOfBorrowingsExplanatory_9861209b-4001-4956-982a-e2043cf85c17_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term loan</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfBorrowingsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of borrowings [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfBorrowingsExplanatory"/>
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    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncome_87e3c571-4918-4ffe-a857-7decf6998fb5_verboseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred income tax expense (benefit)</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncome_62fd5c8c-298e-4770-9e9c-8553ea1100ff_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total deferred income tax expense/(benefit)</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxExpenseIncome"/>
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    <link:label id="lab_ifrs-full_MeasurementAxis_f57bc361-fe5e-4fb7-a89f-80d995d06e53_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MeasurementAxis"/>
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    <link:label id="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock_45723b31-cf4b-447d-81e0-ab48503e384e_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments held at fair value</link:label>
    <link:label id="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Investments held at fair value [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Investments held at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:to="lab_ptv_DisclosureOfInvestmentsHeldAtFairValueTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_284cd451-36ab-4625-b133-928188ea02d0_terseLabel_en-US" xlink:label="lab_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares in entity held by entity or by its subsidiaries or associates (in shares)</link:label>
    <link:label id="lab_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates_label_en-US" xlink:label="lab_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares in entity held by entity or by its subsidiaries or associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SharesInEntityHeldByEntityOrByItsSubsidiariesOrAssociates"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_94a4a2dc-704f-4298-97aa-340c85c2fb00_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property and Equipment</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for property, plant and equipment [text block]</link:label>
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    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_41491577-f8a4-4238-811f-3ae50ee91f14_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_c26782f9-144f-44d9-9b8f-ef66a3ab31bb_negatedLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxLiabilities"/>
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    <link:label id="lab_ptv_PreferredShareLiability_234aa3cb-4d89-4189-bb2a-99255e70a85e_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_38517d7b-bf38-4e21-9132-fbe5fcc52156_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_0b100e1b-2bd9-4aad-bba1-a4e28c59fd39_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_0c017930-0ce6-4980-afc9-1503fe2b918e_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-20231231.xsd#ptv_PreferredShareLiability"/>
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    <link:label id="lab_ptv_AvailableIndefinitelyMember_6fc3c31f-6395-471e-92ad-ffa6cb4da41b_terseLabel_en-US" xlink:label="lab_ptv_AvailableIndefinitelyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Available indefinitely</link:label>
    <link:label id="lab_ptv_AvailableIndefinitelyMember_label_en-US" xlink:label="lab_ptv_AvailableIndefinitelyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available indefinitely [Member]</link:label>
    <link:label id="lab_ptv_AvailableIndefinitelyMember_documentation_en-US" xlink:label="lab_ptv_AvailableIndefinitelyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Available indefinitely</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AvailableIndefinitelyMember" xlink:href="ptv-20231231.xsd#ptv_AvailableIndefinitelyMember"/>
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    <link:label id="lab_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems_8e1ac6a6-f236-43e6-a7a9-bba6c80062e5_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>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems" xlink:href="ptv-20231231.xsd#ptv_DirectorsAndSeniorManagersShareholdingsAndShareIncentiveAwardsLineItems"/>
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    <link:label id="lab_ptv_OxfordFinanceLLCMember_fb64d4ed-2e2a-49af-a79c-ed7eddc3d4bc_terseLabel_en-US" xlink:label="lab_ptv_OxfordFinanceLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Oxford Finance LLC</link:label>
    <link:label id="lab_ptv_OxfordFinanceLLCMember_label_en-US" xlink:label="lab_ptv_OxfordFinanceLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oxford Finance LLC [Member]</link:label>
    <link:label id="lab_ptv_OxfordFinanceLLCMember_documentation_en-US" xlink:label="lab_ptv_OxfordFinanceLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Oxford Finance LLC</link:label>
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    <link:label id="lab_ptv_AlivioMember_878ca153-167e-42e5-966c-670ba4b3470f_verboseLabel_en-US" xlink:label="lab_ptv_AlivioMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Alivio Therapeutics, Inc.</link:label>
    <link:label id="lab_ptv_AlivioMember_1f655b7e-aa1f-49da-9bf3-3e25f3f73ea2_terseLabel_en-US" xlink:label="lab_ptv_AlivioMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Alivio</link:label>
    <link:label id="lab_ptv_AlivioMember_label_en-US" xlink:label="lab_ptv_AlivioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Alivio [Member]</link:label>
    <link:label id="lab_ptv_AlivioMember_documentation_en-US" xlink:label="lab_ptv_AlivioMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Alivio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AlivioMember" xlink:href="ptv-20231231.xsd#ptv_AlivioMember"/>
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    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_0e5596a3-db09-4435-931e-0ffb0da6a0a0_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of share-based payment arrangements [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueFromContractsWithCustomers_05e26491-f4b0-476d-8fcc-770a74d33dfd_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevenueFromContractsWithCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromContractsWithCustomers" xlink:to="lab_ifrs-full_RevenueFromContractsWithCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BottomOfRangeMember_dcd4f656-22a9-42f0-b6f1-16a900c40d1c_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BottomOfRangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember" xlink:to="lab_ifrs-full_BottomOfRangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_d6573ff7-8ec8-4937-9dca-421049b3f187_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_2c41d89d-21b0-4514-8c49-a37e6747fd38_negatedLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid for rent - principal - financing cash flow</link:label>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of lease liabilities, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_AuditorsRemunerationTable_4f630bf2-d2ed-43e6-9951-bcb00bdeba23_terseLabel_en-US" xlink:label="lab_ptv_AuditorsRemunerationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditors Remuneration [Table]</link:label>
    <link:label id="lab_ptv_AuditorsRemunerationTable_label_en-US" xlink:label="lab_ptv_AuditorsRemunerationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditors Remuneration [Table]</link:label>
    <link:label id="lab_ptv_AuditorsRemunerationTable_documentation_en-US" xlink:label="lab_ptv_AuditorsRemunerationTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Auditors Remuneration</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditorsRemunerationTable" xlink:href="ptv-20231231.xsd#ptv_AuditorsRemunerationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditorsRemunerationTable" xlink:to="lab_ptv_AuditorsRemunerationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_77f340c4-67e0-4e56-8a12-ae53b5424517_terseLabel_en-US" xlink:label="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance income/(costs) &#8211; fair value accounting</link:label>
    <link:label id="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income costs - fair value accounting, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance income costs - fair value accounting, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_FinanceIncomeCostsFairValueAccountingReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SeniorManagersMember_acbe74a4-5037-40e3-9798-d2a080ba6976_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-20231231.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_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock_cbc35cf8-6e6d-4213-af74-afd3969f3782_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Weighted Average Exercise Prices for Options Exercisable</link:label>
    <link:label id="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Weighted Average Exercise Prices for Options Exercisable [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Weighted Average Exercise Prices for Options Exercisable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock" xlink:to="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsExercisableTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock_174acef8-40ee-4a2f-8fff-f970d00e9674_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Convertible Notes Outstanding</link:label>
    <link:label id="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Convertible Notes [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_ScheduleOfConvertibleNotesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:to="lab_ptv_ScheduleOfConvertibleNotesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFilerCategory_2cb47264-5e88-4710-b338-05b34a5d0ac2_terseLabel_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:label id="lab_dei_EntityFilerCategory_label_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_KnodeMember_47be7efa-5dd0-48d8-b7b3-a201b1b28614_verboseLabel_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Knode Inc. (indirectly held through Enlight)</link:label>
    <link:label id="lab_ptv_KnodeMember_978ce5d2-1e3f-4205-979a-c975095b05c7_terseLabel_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Knode</link:label>
    <link:label id="lab_ptv_KnodeMember_label_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Knode [Member]</link:label>
    <link:label id="lab_ptv_KnodeMember_documentation_en-US" xlink:label="lab_ptv_KnodeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Knode</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_KnodeMember" xlink:href="ptv-20231231.xsd#ptv_KnodeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_KnodeMember" xlink:to="lab_ptv_KnodeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_c65300a6-6163-4411-a059-2e8570106dc8_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OrdinarySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OrdinarySharesMember" xlink:to="lab_ifrs-full_OrdinarySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ScheduleOfNotesPayableTableTextBlock_e896ed27-c3a1-4eae-94a2-a9ed6f218484_terseLabel_en-US" xlink:label="lab_ptv_ScheduleOfNotesPayableTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Notes Payable</link:label>
    <link:label id="lab_ptv_ScheduleOfNotesPayableTableTextBlock_label_en-US" xlink:label="lab_ptv_ScheduleOfNotesPayableTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Notes Payable [Table Text Block]</link:label>
    <link:label id="lab_ptv_ScheduleOfNotesPayableTableTextBlock_documentation_en-US" xlink:label="lab_ptv_ScheduleOfNotesPayableTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ScheduleOfNotesPayableTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_ScheduleOfNotesPayableTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ScheduleOfNotesPayableTableTextBlock" xlink:to="lab_ptv_ScheduleOfNotesPayableTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AkiliMember_3ed75329-8008-496a-8897-35e0d131a089_terseLabel_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Akili</link:label>
    <link:label id="lab_ptv_AkiliMember_label_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Akili [Member]</link:label>
    <link:label id="lab_ptv_AkiliMember_documentation_en-US" xlink:label="lab_ptv_AkiliMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Akili</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AkiliMember" xlink:href="ptv-20231231.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_dei_CurrentFiscalYearEndDate_c192e5d8-248a-48a5-acd7-e7414626ac19_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/2023/dei-2023.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_ptv_ExercisePriceOfWarrants_1ad9a306-a89e-42c6-8686-146abcdd85c5_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-20231231.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_dei_AddressTypeDomain_23891191-c57f-454c-8ee4-63c8907d859b_terseLabel_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Address Type [Domain]</link:label>
    <link:label id="lab_dei_AddressTypeDomain_label_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Address Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AddressTypeDomain" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AddressTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AddressTypeDomain" xlink:to="lab_dei_AddressTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_36e74681-67d6-4ac8-9f50-eb54fc549203_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_SharePremium_d1dc6800-fb2a-4cfa-9369-234b37a66942_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SharePremium"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremium" xlink:to="lab_ifrs-full_SharePremium" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_8d1caefb-383d-40be-8231-6c2616f7e184_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_3786154c-db1e-49df-bdeb-7fdd82f295c9_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePriceRangeFourMember_a80e5c29-e509-48a6-bde4-d883781ff620_terseLabel_en-US" xlink:label="lab_ptv_ExercisePriceRangeFourMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">3.00 to 4.00</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeFourMember_label_en-US" xlink:label="lab_ptv_ExercisePriceRangeFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range Four [Member]</link:label>
    <link:label id="lab_ptv_ExercisePriceRangeFourMember_documentation_en-US" xlink:label="lab_ptv_ExercisePriceRangeFourMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range Four [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePriceRangeFourMember" xlink:href="ptv-20231231.xsd#ptv_ExercisePriceRangeFourMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePriceRangeFourMember" xlink:to="lab_ptv_ExercisePriceRangeFourMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011_11bdcee9-5f3d-47d1-a102-e5e3ebeb0bad_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:to="lab_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotesAndDebenturesIssued_a983d2e8-39cd-4e9e-94c5-8123fc809011_terseLabel_en-US" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes payable</link:label>
    <link:label id="lab_ifrs-full_NotesAndDebenturesIssued_dbd8dd15-c3d7-40d5-a1ff-2899f2748b30_verboseLabel_en-US" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary notes payable</link:label>
    <link:label id="lab_ifrs-full_NotesAndDebenturesIssued_label_en-US" xlink:label="lab_ifrs-full_NotesAndDebenturesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes and debentures issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotesAndDebenturesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NotesAndDebenturesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotesAndDebenturesIssued" xlink:to="lab_ifrs-full_NotesAndDebenturesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory_d2819ff1-0011-45d4-ad57-59fe6d180090_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_2e0da3db-6f30-40aa-a18f-df76a6f51d1b_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_ReceiptOfPaymentOfSublease_b28e4b02-01a5-4495-8f6b-e83378de80ce_terseLabel_en-US" xlink:label="lab_ptv_ReceiptOfPaymentOfSublease" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receipt of payment of sublease</link:label>
    <link:label id="lab_ptv_ReceiptOfPaymentOfSublease_label_en-US" xlink:label="lab_ptv_ReceiptOfPaymentOfSublease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receipt of payment of sublease</link:label>
    <link:label id="lab_ptv_ReceiptOfPaymentOfSublease_documentation_en-US" xlink:label="lab_ptv_ReceiptOfPaymentOfSublease" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Receipt of payment of sublease</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ReceiptOfPaymentOfSublease" xlink:href="ptv-20231231.xsd#ptv_ReceiptOfPaymentOfSublease"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ReceiptOfPaymentOfSublease" xlink:to="lab_ptv_ReceiptOfPaymentOfSublease" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock_5059d738-b59a-4363-a800-63308c3f922c_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-20231231.xsd#ptv_DisclosureOfChangesInFinancialLiabilitiesLevel3FairValueSubsidiaryPreferredSharesAndConvertibleNotesTableTextBlock"/>
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    <link:label id="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock_a0a59b04-d753-46c6-ba48-88b767ac5bec_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Weighted Average Exercise Prices for Options Forfeited</link:label>
    <link:label id="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Weighted Average Exercise Prices for Options Forfeited [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Weighted Average Exercise Prices for Options Forfeited</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock" xlink:to="lab_ptv_DisclosureOfWeightedAverageExercisePricesForOptionsForfeitedTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LoanMember_d45d2f3d-99a0-401a-b5df-e2ccaf93bd00_terseLabel_en-US" xlink:label="lab_ptv_LoanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans</link:label>
    <link:label id="lab_ptv_LoanMember_label_en-US" xlink:label="lab_ptv_LoanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan [Member]</link:label>
    <link:label id="lab_ptv_LoanMember_documentation_en-US" xlink:label="lab_ptv_LoanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LoanMember" xlink:href="ptv-20231231.xsd#ptv_LoanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LoanMember" xlink:to="lab_ptv_LoanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccruedInterestConvertibleNotes_d9fbe583-26bc-4afa-905f-295edced1004_terseLabel_en-US" xlink:label="lab_ptv_AccruedInterestConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest on convertible notes - finance costs</link:label>
    <link:label id="lab_ptv_AccruedInterestConvertibleNotes_label_en-US" xlink:label="lab_ptv_AccruedInterestConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued interest, Convertible Notes</link:label>
    <link:label id="lab_ptv_AccruedInterestConvertibleNotes_documentation_en-US" xlink:label="lab_ptv_AccruedInterestConvertibleNotes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accrued interest, Convertible Notes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AccruedInterestConvertibleNotes" xlink:href="ptv-20231231.xsd#ptv_AccruedInterestConvertibleNotes"/>
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    <link:label id="lab_ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger_7934b779-e292-4d1a-94a3-a989f7abbdc1_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-20231231.xsd#ptv_DebtInstrumentConvertiblePercentageOfEquityPriceTrigger"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary_220ef17f-736e-4bbc-b799-36736f10f767_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of subsidiary non-controlling interest</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through acquisition of subsidiary, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary"/>
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    <link:label id="lab_ptv_OwnershipInterest_1aed20a3-facd-4c83-a5c7-ab7d16202d22_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-20231231.xsd#ptv_OwnershipInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OwnershipInterest" xlink:to="lab_ptv_OwnershipInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_e4be8482-8891-4bbc-88d2-877cceb9df80_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions other than through business combinations, intangible assets other than goodwill</link:label>
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    <link:label id="lab_ifrs-full_CurrentFinanceLeaseReceivables_ad63fd14-1baf-4a9f-9b64-8cdbee619fee_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Lease receivable &#8211; short-term</link:label>
    <link:label id="lab_ifrs-full_CurrentFinanceLeaseReceivables_label_en-US" xlink:label="lab_ifrs-full_CurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current finance lease receivables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentFinanceLeaseReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentFinanceLeaseReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentFinanceLeaseReceivables" xlink:to="lab_ifrs-full_CurrentFinanceLeaseReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_d91ff73f-43d5-4012-9a5f-b4fde4792681_negatedLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Investment in associates</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_15c04695-d73c-4440-8a9b-2e48d8079eed_terseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" 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_ifrs-full_PurchaseOfInterestsInAssociates_ca191930-43f2-4929-bebc-f2b08d540dd6_verboseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash purchase of Vor preferred shares</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of interests in associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInterestsInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PurchaseOfInterestsInAssociates"/>
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    <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-20231231.xsd#ptv_CurrentReceivablesDueFromAssociatesTermNumberOfBusinessDaysFollowingTheConsummationOfAQualifiedFinancing"/>
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    <link:label id="lab_ptv_DisclosureOfOperatingExpenseTextBlock_08891d34-4401-4e92-95f6-d4f740c6c1d3_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfOperatingExpenseTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Expenses</link:label>
    <link:label id="lab_ptv_DisclosureOfOperatingExpenseTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfOperatingExpenseTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Operating Expense [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfOperatingExpenseTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfOperatingExpenseTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Operating Expense</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_497538e5-dee7-4107-a754-1df0b168c880_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems"/>
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    <link:label id="lab_ptv_RelatedPartyTransactionsLineItems_f9a3e0a9-0096-43d7-839e-864d38344382_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-20231231.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_dc90de3e-6614-4bea-8632-9e0d49ecc915_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-20231231.xsd#ptv_ProceedsFromIssueOfConvertibleNotes"/>
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    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember_2d5f6a06-79f6-4da2-8fe0-edb07adc86c2_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareAbstract_fc63174c-59e7-491e-9dc9-215ad1a7eb67_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings/(loss) per share:</link:label>
    <link:label id="lab_ifrs-full_EarningsPerShareAbstract_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EarningsPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareAbstract" xlink:to="lab_ifrs-full_EarningsPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates_43ba9c55-d733-4c86-a039-203ed5789abb_negatedTerseLabel_en-US" xlink:label="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">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-20231231.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_ptv_DeferredTaxAssetsAndLiabilitiesTable_7d6b2441-3cf1-4044-bc06-f07f5cde72c7_terseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Table]</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable_label_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Table]</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable_documentation_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets and Liabilities [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:href="ptv-20231231.xsd#ptv_DeferredTaxAssetsAndLiabilitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:to="lab_ptv_DeferredTaxAssetsAndLiabilitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate_279300cc-8995-4c5a-a408-38d8f5e929a2_terseLabel_en-US" xlink:label="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Worthless stock deduction</link:label>
    <link:label id="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Deduction, Reconciliation Of Effective Tax Rate</link:label>
    <link:label id="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Deduction, Reconciliation Of Effective Tax Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_StockDeductionReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_StockDeductionReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_OtherResearchAndDevelopmentExpenses_8ce49a6b-131a-4329-b5a0-2da17bd7ceab_terseLabel_en-US" xlink:label="lab_ptv_OtherResearchAndDevelopmentExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other research and development expenses</link:label>
    <link:label id="lab_ptv_OtherResearchAndDevelopmentExpenses_label_en-US" xlink:label="lab_ptv_OtherResearchAndDevelopmentExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Research And Development Expenses</link:label>
    <link:label id="lab_ptv_OtherResearchAndDevelopmentExpenses_documentation_en-US" xlink:label="lab_ptv_OtherResearchAndDevelopmentExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Research And Development Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_OtherResearchAndDevelopmentExpenses" xlink:href="ptv-20231231.xsd#ptv_OtherResearchAndDevelopmentExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_OtherResearchAndDevelopmentExpenses" xlink:to="lab_ptv_OtherResearchAndDevelopmentExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_ee25c766-bc44-46b5-a4a4-396636a95f25_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost_38552de8-da4d-4d3c-a862-7a33f25cda9d_terseLabel_en-US" xlink:label="lab_ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in Vedanta preferred shares &#8211; Vedanta deconsolidation</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-20231231.xsd#ptv_FinancialInvestmentsGainLossRecognisedThroughProfitLossWhenControlOfSubsidiaryIsLost"/>
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    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_dd16c6ec-d873-403b-bf8c-3dfea7baa293_totalLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total income tax expense/(benefit), recognized</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax expense (income) recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss"/>
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    <link:label id="lab_ptv_DrJohnLaMattinaMember_51ee1573-43e3-421c-81fd-74e2c81bf198_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-20231231.xsd#ptv_DrJohnLaMattinaMember"/>
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    <link:label id="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock_3b9b09f8-7fa9-48bd-b8f2-23b3c9321540_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Unrecognized Tax Losses and Tax Credits Carryforwards</link:label>
    <link:label id="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of unrecognized tax losses and tax credits, deferred tax assets [Table Text Block]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfUnrecognizedTaxLossesAndTaxCreditsDeferredTaxAssetsTableTextBlock"/>
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    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_25191987-cff8-44fa-98d8-97fded1c33ad_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_StatementOfChangesInEquityTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:to="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_9a5eaca8-c31b-4afe-8132-9ca196d4c8df_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests" xlink:to="lab_ifrs-full_NoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssuingShares_2d00df33-9178-4df8-b7f9-32d61f3aad83_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_SPACExchangePIPETransactionAmount_f7a290e7-46ed-4fd7-b818-9ef70642e04b_terseLabel_en-US" xlink:label="lab_ptv_SPACExchangePIPETransactionAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SPAC exchange, PIPE transaction, amount</link:label>
    <link:label id="lab_ptv_SPACExchangePIPETransactionAmount_label_en-US" xlink:label="lab_ptv_SPACExchangePIPETransactionAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SPAC Exchange, PIPE Transaction, Amount</link:label>
    <link:label id="lab_ptv_SPACExchangePIPETransactionAmount_documentation_en-US" xlink:label="lab_ptv_SPACExchangePIPETransactionAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">SPAC Exchange, PIPE Transaction, Amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SPACExchangePIPETransactionAmount" xlink:href="ptv-20231231.xsd#ptv_SPACExchangePIPETransactionAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SPACExchangePIPETransactionAmount" xlink:to="lab_ptv_SPACExchangePIPETransactionAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityPriceRiskMember_d5cfba56-1e53-4ab9-bb9a-895833a0a631_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityPriceRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity price risk</link:label>
    <link:label id="lab_ifrs-full_EquityPriceRiskMember_label_en-US" xlink:label="lab_ifrs-full_EquityPriceRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity price risk [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityPriceRiskMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EquityPriceRiskMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityPriceRiskMember" xlink:to="lab_ifrs-full_EquityPriceRiskMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MajorOrdinaryShareTransactionsMember_bead0ff0-a121-4a61-8c47-9f2579448a52_terseLabel_en-US" xlink:label="lab_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Major ordinary share transactions</link:label>
    <link:label id="lab_ifrs-full_MajorOrdinaryShareTransactionsMember_label_en-US" xlink:label="lab_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major ordinary share transactions [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MajorOrdinaryShareTransactionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:to="lab_ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_649cd64a-d433-40d2-ab17-f43b13df8b0a_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_dei_DocumentFiscalPeriodFocus_32f7b246-916a-41dd-bfd1-b9a8d48c6b03_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_MajorFinancingActivityMember_7424718c-c850-4fc6-83b2-bcc1bdcd03d6_terseLabel_en-US" xlink:label="lab_ptv_MajorFinancingActivityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Major Financing Activity</link:label>
    <link:label id="lab_ptv_MajorFinancingActivityMember_label_en-US" xlink:label="lab_ptv_MajorFinancingActivityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Financing Activity [Member]</link:label>
    <link:label id="lab_ptv_MajorFinancingActivityMember_documentation_en-US" xlink:label="lab_ptv_MajorFinancingActivityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Major Financing Activity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_MajorFinancingActivityMember" xlink:href="ptv-20231231.xsd#ptv_MajorFinancingActivityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_MajorFinancingActivityMember" xlink:to="lab_ptv_MajorFinancingActivityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory_b59ca2f2-1d26-467d-b213-380eeb9dc9d5_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Sensitivity Analysis of Fair Value Measurement to Changes in Unobservable Inputs, Liabilities</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsLiabilitiesExplanatory"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_77a700be-c003-4412-ad0a-6234b3df8c49_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">IFRS 15, Revenue from Contracts with Customers</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for recognition of revenue [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RentalIncome_542b1aac-1ced-444f-b655-fcf66883379d_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RentalIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RentalIncome" xlink:to="lab_ifrs-full_RentalIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_a396d0c2-b552-444e-a5c1-52da1f9bd87c_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_RSUTable_6959b5f4-5374-4bdf-acb5-fa7fdf75442e_terseLabel_en-US" xlink:label="lab_ptv_RSUTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">RSU [Table]</link:label>
    <link:label id="lab_ptv_RSUTable_label_en-US" xlink:label="lab_ptv_RSUTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RSU [Table]</link:label>
    <link:label id="lab_ptv_RSUTable_documentation_en-US" xlink:label="lab_ptv_RSUTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">RSU</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RSUTable" xlink:href="ptv-20231231.xsd#ptv_RSUTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RSUTable" xlink:to="lab_ptv_RSUTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FederalMember_881b328a-ad01-41b7-b86a-cc9616afe88c_terseLabel_en-US" xlink:label="lab_ptv_FederalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Federal - current</link:label>
    <link:label id="lab_ptv_FederalMember_label_en-US" xlink:label="lab_ptv_FederalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Federal [Member]</link:label>
    <link:label id="lab_ptv_FederalMember_documentation_en-US" xlink:label="lab_ptv_FederalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Federal</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FederalMember" xlink:href="ptv-20231231.xsd#ptv_FederalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FederalMember" xlink:to="lab_ptv_FederalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare_6cf11698-ea38-41bc-bf4d-0fc296838898_terseLabel_en-US" xlink:label="lab_ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combination, investment in common share</link:label>
    <link:label id="lab_ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare_label_en-US" xlink:label="lab_ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SPAC Exchange, Backstop Agreement, Investment In Common Share</link:label>
    <link:label id="lab_ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare_documentation_en-US" xlink:label="lab_ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">SPAC Exchange, Backstop Agreement, Investment In Common Share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare" xlink:href="ptv-20231231.xsd#ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare" xlink:to="lab_ptv_SPACExchangeBackstopAgreementInvestmentInCommonShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_d785675a-6dbc-4be4-ab08-387973284493_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets (liabilities), net</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DeferredTaxLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilityAsset" xlink:to="lab_ifrs-full_DeferredTaxLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis_2a41dec6-8494-47b5-ba3c-4f34076a102a_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings, adjustment to interest rate basis</link:label>
    <link:label id="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis_label_en-US" xlink:label="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, adjustment to interest rate basis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BorrowingsAdjustmentToInterestRateBasis"/>
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    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory"/>
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    <link:label id="lab_dei_DocumentFiscalYearFocus_4437520c-527d-45f9-bcc7-2209b3f59371_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalYearFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus"/>
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    <link:label id="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost_2894f37a-fdf1-4982-b764-b13f64c21c5b_terseLabel_en-US" xlink:label="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combination, number of additional shares received at no additional cost (in shares)</link:label>
    <link:label id="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost_label_en-US" xlink:label="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Number Of Additional Shares Received At No Additional Cost</link:label>
    <link:label id="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost_documentation_en-US" xlink:label="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Combination, Number Of Additional Shares Received At No Additional Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost" xlink:href="ptv-20231231.xsd#ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost" xlink:to="lab_ptv_BusinessCombinationNumberOfAdditionalSharesReceivedAtNoAdditionalCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProportionOfOwnershipInterestInInvestee_1d61402e-02cc-4981-80b0-bc77d5e6a2de_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</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-20231231.xsd#ptv_ProportionOfOwnershipInterestInInvestee"/>
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    <link:label id="lab_ptv_InterestOnUndiscountedLeasePayments_cdf1a122-26a5-4f4d-9781-ab979635e6a1_terseLabel_en-US" xlink:label="lab_ptv_InterestOnUndiscountedLeasePayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest</link:label>
    <link:label id="lab_ptv_InterestOnUndiscountedLeasePayments_label_en-US" xlink:label="lab_ptv_InterestOnUndiscountedLeasePayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest On Undiscounted Lease payments</link:label>
    <link:label id="lab_ptv_InterestOnUndiscountedLeasePayments_documentation_en-US" xlink:label="lab_ptv_InterestOnUndiscountedLeasePayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest On Undiscounted Lease payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_InterestOnUndiscountedLeasePayments" xlink:href="ptv-20231231.xsd#ptv_InterestOnUndiscountedLeasePayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_InterestOnUndiscountedLeasePayments" xlink:to="lab_ptv_InterestOnUndiscountedLeasePayments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries_3665c436-6501-4e5e-963a-42b9a6488eba_terseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NCI exercise of share options in subsidiaries</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through NCI exercise of share-based awards in Subsidiaries</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (Decrease) Through NCI exercise of share-based awards in Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:href="ptv-20231231.xsd#ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:to="lab_ptv_IncreaseDecreaseThroughNCIExerciseOfShareBasedAwardsInSubsidiaries" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FollicaMember_b97c5ee5-95ab-45c2-b9d2-e2d2274d6a68_verboseLabel_en-US" xlink:label="lab_ptv_FollicaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Follica, Incorporated</link:label>
    <link:label id="lab_ptv_FollicaMember_968cbb44-af62-4d59-bafd-ebf2dc36e609_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-20231231.xsd#ptv_FollicaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FollicaMember" xlink:to="lab_ptv_FollicaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract"/>
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    <link:label id="lab_ifrs-full_TreasuryShares_e2a2d20b-bd04-4f77-be53-0d2f263e4815_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TreasuryShares"/>
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    <link:label id="lab_ptv_ContributedByTypesAxis_405e5306-4b1f-4a02-9832-036d5fd3cd16_terseLabel_en-US" xlink:label="lab_ptv_ContributedByTypesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributed By - Types [Axis]</link:label>
    <link:label id="lab_ptv_ContributedByTypesAxis_label_en-US" xlink:label="lab_ptv_ContributedByTypesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contributed By - Types [Axis]</link:label>
    <link:label id="lab_ptv_ContributedByTypesAxis_documentation_en-US" xlink:label="lab_ptv_ContributedByTypesAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contributed By - Types</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ContributedByTypesAxis" xlink:href="ptv-20231231.xsd#ptv_ContributedByTypesAxis"/>
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    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_619fcfed-4c76-431d-a097-3d9eb4e293d7_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warrant liability</link:label>
    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current derivative financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity_9a0410ab-3ef2-4a00-bf0a-e6facd3b922d_terseLabel_en-US" xlink:label="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Convertible debt, instruments, converted to equity</link:label>
    <link:label id="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity_label_en-US" xlink:label="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Debt, Instruments, Converted To Equity</link:label>
    <link:label id="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity_documentation_en-US" xlink:label="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Convertible Debt, Instruments, Converted To Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:href="ptv-20231231.xsd#ptv_ConvertibleDebtInstrumentsConvertedToEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:to="lab_ptv_ConvertibleDebtInstrumentsConvertedToEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_d9ded949-fd2f-4381-b180-ceba2826745b_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity"/>
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    <link:label id="lab_ifrs-full_OperatingSegmentsMember_20457562-be27-4c17-94b7-d8e3e418b62a_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_OperatingSegmentsMember"/>
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    <link:label id="lab_ptv_PaymentToPurchaseTreasuryStock_64a2e1dd-906d-44ee-835d-f595cf779e20_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-20231231.xsd#ptv_PaymentToPurchaseTreasuryStock"/>
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    <link:label id="lab_ptv_ParentCompanyAndOtherMember_101f9e68-1889-44df-9270-92ba290a0566_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 &amp; 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-20231231.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_767e8ae6-35cd-4a21-ae04-59bcc1776304_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-20231231.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_1d789df8-4dcb-4f35-a006-3d5676de9edf_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-20231231.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_RangesOfExercisePricesForOutstandingShareOptionsAxis_598f9c54-82d5-40fd-8679-f4a567fd4751_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options [axis]</link:label>
    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_label_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:to="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange_a749107d-9e59-4b14-afe9-414a0c19a4df_terseLabel_en-US" xlink:label="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gelesis Earn-out Shares received in the SPAC exchange</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange_label_en-US" xlink:label="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Investments, Fair Value Of Earnout Shares Received During Period From SPAC Exchange</link:label>
    <link:label id="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange_documentation_en-US" xlink:label="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Investments, Fair Value Of Earnout Shares Received During Period From SPAC Exchange</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange" xlink:href="ptv-20231231.xsd#ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange" xlink:to="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedDuringPeriodFromSPACExchange" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseContractualTermsAxis_957e46c3-1712-4bd6-bd95-f038713063f6_terseLabel_en-US" xlink:label="lab_ptv_LeaseContractualTermsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease Contractual Term [Axis]</link:label>
    <link:label id="lab_ptv_LeaseContractualTermsAxis_label_en-US" xlink:label="lab_ptv_LeaseContractualTermsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Contractual Terms [Axis]</link:label>
    <link:label id="lab_ptv_LeaseContractualTermsAxis_documentation_en-US" xlink:label="lab_ptv_LeaseContractualTermsAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Contractual Terms</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseContractualTermsAxis" xlink:href="ptv-20231231.xsd#ptv_LeaseContractualTermsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseContractualTermsAxis" xlink:to="lab_ptv_LeaseContractualTermsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_265bfb73-bc77-4722-b5c4-06493283ea9b_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_TaxationAbstract_06996f01-089a-4ffc-868c-f9d51ea47a6f_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-20231231.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_ResearchAndDevelopmentExpense_8f4fd4fe-969c-4f72-bdc2-a8208e8b134d_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_6448c575-1eb9-45b3-8c5e-1f8a26537056_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_ef38633d-8b93-4cc6-8ff1-a6e6df0f6e9e_terseLabel_en-US" xlink:label="lab_ifrs-full_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Research and development expenses</link:label>
    <link:label id="lab_ifrs-full_ResearchAndDevelopmentExpense_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_AdditionalNumberOfSharesAuthorizedToPurchase_078bbafc-8546-4054-a789-d2d4a4dd392f_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-20231231.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_DisclosureOfFairValueMeasurementExplanatory_f81d5340-7ef8-4bed-994d-442f69128b67_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfFairValueMeasurementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_190e16f5-f327-440b-abe1-b66465a1f486_totalLabel_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total amortization and depreciation expenses</link:label>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation and amortisation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:to="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice_fc5906c2-cd5f-456f-8c65-c69a6188caba_terseLabel_en-US" xlink:label="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combination, additional shares to be received at no additional cost, transaction cost</link:label>
    <link:label id="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice_label_en-US" xlink:label="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Additional Shares To Be Received At No Additional Cost, Transaction Price</link:label>
    <link:label id="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice_documentation_en-US" xlink:label="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Combination, Additional Shares To Be Received At No Additional Cost, Transaction Price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice" xlink:href="ptv-20231231.xsd#ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice" xlink:to="lab_ptv_BusinessCombinationAdditionalSharesToBeReceivedAtNoAdditionalCostTransactionPrice" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AuditRelatedAssuranceServices_c12f9280-47ad-484f-836f-2143ab52acf3_terseLabel_en-US" xlink:label="lab_ptv_AuditRelatedAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Audit-related assurance services</link:label>
    <link:label id="lab_ptv_AuditRelatedAssuranceServices_label_en-US" xlink:label="lab_ptv_AuditRelatedAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Audit related assurance services</link:label>
    <link:label id="lab_ptv_AuditRelatedAssuranceServices_documentation_en-US" xlink:label="lab_ptv_AuditRelatedAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Audit related assurance services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AuditRelatedAssuranceServices" xlink:href="ptv-20231231.xsd#ptv_AuditRelatedAssuranceServices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_AuditRelatedAssuranceServices" xlink:to="lab_ptv_AuditRelatedAssuranceServices" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryWarrantLiabilityMember_64de48c9-ea07-479f-bf8e-144cf501c09a_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryWarrantLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary warrant liability</link:label>
    <link:label id="lab_ptv_SubsidiaryWarrantLiabilityMember_7a33ac23-ded3-40a0-96ed-c19660fdbea2_verboseLabel_en-US" xlink:label="lab_ptv_SubsidiaryWarrantLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Warrants</link:label>
    <link:label id="lab_ptv_SubsidiaryWarrantLiabilityMember_label_en-US" xlink:label="lab_ptv_SubsidiaryWarrantLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary warrant liability [Member]</link:label>
    <link:label id="lab_ptv_SubsidiaryWarrantLiabilityMember_documentation_en-US" xlink:label="lab_ptv_SubsidiaryWarrantLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary warrant liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryWarrantLiabilityMember" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryWarrantLiabilityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryWarrantLiabilityMember" xlink:to="lab_ptv_SubsidiaryWarrantLiabilityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate_82f0bbc2-9b6c-4c82-9b10-f2b98ee68257_negatedTerseLabel_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Recognition of deferred tax assets and tax benefits not previously recognized</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets and benefits not previously recognised, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred tax assets and benefits not previously recognised, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_DeferredTaxAssetsAndBenefitsNotPreviouslyRecognisedReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ExercisePrice_e21297a4-1280-4b9e-a3ae-82d5e3678a5c_terseLabel_en-US" xlink:label="lab_ptv_ExercisePrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise price (in dollars per share)</link:label>
    <link:label id="lab_ptv_ExercisePrice_label_en-US" xlink:label="lab_ptv_ExercisePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise price</link:label>
    <link:label id="lab_ptv_ExercisePrice_documentation_en-US" xlink:label="lab_ptv_ExercisePrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise price</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ExercisePrice" xlink:href="ptv-20231231.xsd#ptv_ExercisePrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ExercisePrice" xlink:to="lab_ptv_ExercisePrice" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn_7edad9ba-6ab1-412e-89f4-01dd5075c07c_terseLabel_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries in the Group consolidated state tax return</link:label>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn_label_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries in the Group consolidated state tax return</link:label>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn_documentation_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries in the Group consolidated state tax return</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:href="ptv-20231231.xsd#ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:to="lab_ptv_PercentageVoteAndValueOfSubsidiariesInTheGroupConsolidatedStateTaxReturn" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShortTermNoteTable_31c95884-aab8-42ee-8b8b-b329e5761c43_terseLabel_en-US" xlink:label="lab_ptv_ShortTermNoteTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term note [Table]</link:label>
    <link:label id="lab_ptv_ShortTermNoteTable_label_en-US" xlink:label="lab_ptv_ShortTermNoteTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term note [Table]</link:label>
    <link:label id="lab_ptv_ShortTermNoteTable_documentation_en-US" xlink:label="lab_ptv_ShortTermNoteTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Short-term note [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermNoteTable" xlink:href="ptv-20231231.xsd#ptv_ShortTermNoteTable"/>
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    <link:label id="lab_ifrs-full_BorrowingsByNameMember_2a2f2e04-ca49-454f-a69f-84ac97d85d05_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings by name</link:label>
    <link:label id="lab_ifrs-full_BorrowingsByNameMember_label_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings by name [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsByNameMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_BorrowingsByNameMember"/>
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    <link:label id="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits_a56483a3-6e4b-48f0-a304-44c16683b66b_verboseLabel_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Settlement of restricted stock units</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits_label_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase decrease through settlement of restricted stock units</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits_documentation_en-US" xlink:label="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase decrease through settlement of restricted stock units</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:href="ptv-20231231.xsd#ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:to="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NumberOfSharesIssuedByInvestee_8427b2a6-82c5-4d47-b2f2-601736f78c98_terseLabel_en-US" xlink:label="lab_ptv_NumberOfSharesIssuedByInvestee" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issued by investee (in shares)</link:label>
    <link:label id="lab_ptv_NumberOfSharesIssuedByInvestee_label_en-US" xlink:label="lab_ptv_NumberOfSharesIssuedByInvestee" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares issued by investee</link:label>
    <link:label id="lab_ptv_NumberOfSharesIssuedByInvestee_documentation_en-US" xlink:label="lab_ptv_NumberOfSharesIssuedByInvestee" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares issued by investee</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfSharesIssuedByInvestee" xlink:href="ptv-20231231.xsd#ptv_NumberOfSharesIssuedByInvestee"/>
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    <link:label id="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock_8f19524a-ec00-4bd9-bf38-ec7a527212d4_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Fair Value Measurement Methods</link:label>
    <link:label id="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Fair Value Measurement Methods [Table Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfFairValueMeasurementMethodsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Fair Value Measurement Methods</link:label>
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    <link:label id="lab_ptv_BusinessOrSourcingCompanyAxis_dcea8533-3e04-4ea5-83cc-e48af04c01d9_terseLabel_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Axis]</link:label>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyAxis_label_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company [Axis]</link:label>
    <link:label id="lab_ptv_BusinessOrSourcingCompanyAxis_documentation_en-US" xlink:label="lab_ptv_BusinessOrSourcingCompanyAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Or Sourcing Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BusinessOrSourcingCompanyAxis" xlink:href="ptv-20231231.xsd#ptv_BusinessOrSourcingCompanyAxis"/>
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    <link:label id="lab_ifrs-full_DisclosureOfRevenueExplanatory_e045dfe6-7ecf-4df0-9f1e-25ac2913d1af_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRevenueExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of revenue [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRevenueExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfRevenueExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRevenueExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRevenueExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_abeb8748-9bf6-4410-ac83-fddc1c993f46_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_13e6dd11-c2b1-4784-8f58-84696d966c3d_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables"/>
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    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_f5d16b90-31d5-4e17-a468-3c81a0685ff8_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
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    <link:label id="lab_ifrs-full_RightofuseAssets_02762eb5-3df8-45af-a3e5-7560cfcc7d6e_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_2a114642-c89a-4d69-91fb-050d1d57fda5_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_0ea870b7-e192-4041-8fe6-8b6d46074f06_periodStartLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_2be03323-f355-4c6f-9ece-97c23b10138a_periodEndLabel_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_RightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RightofuseAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_LeaseLiabilities_ce41e9b9-a3af-42f7-9bc5-b28b1f5c7240_verboseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Lease liabilities (including current potion)</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_21973d80-b9a9-4eee-9a3e-d0a0278ca0fd_periodStartLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_28fa1c69-c52c-4c56-a95d-6bcba7425bfe_periodEndLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_b4ef2121-8bc3-45a6-8a29-61a474866779_totalLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total lease liability</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_10decd36-5c2f-42a5-962d-7a2fb6ab0dea_terseLabel_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total lease liability</link:label>
    <link:label id="lab_ifrs-full_LeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_EstimatedFinancialEffectOfContingentLiabilities_f311de80-edf2-4150-925b-ade1f7b94c10_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EstimatedFinancialEffectOfContingentLiabilities"/>
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    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit_f7fc12af-8100-4b45-9692-7ea0e871d89b_terseLabel_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of common shares redeemable from each RSU (in shares)</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit_label_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Common Shares Redeemed Per Restricted Share Unit</link:label>
    <link:label id="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit_documentation_en-US" xlink:label="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Common Shares Redeemed Per Restricted Share Unit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:href="ptv-20231231.xsd#ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:to="lab_ptv_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCommonSharesRedeemedPerRestrictedShareUnit" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilities_1d6eb446-d74d-4304-a1bf-7ffa12ddeef7_totalLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_FinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilities" xlink:to="lab_ifrs-full_FinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived_ee1e6da7-f6c8-4a78-aedf-d35fd96882bd_verboseLabel_en-US" xlink:label="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total undiscounted lease maturities</link:label>
    <link:label id="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived_label_en-US" xlink:label="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Undiscounted operating lease payments to be received</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:to="lab_ifrs-full_UndiscountedOperatingLeasePaymentsToBeReceived" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueAbstract_91e80152-0bff-485c-9bed-fff5750ce5a7_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue [abstract]</link:label>
    <link:label id="lab_ifrs-full_RevenueAbstract_label_en-US" xlink:label="lab_ifrs-full_RevenueAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_RevenueAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueAbstract" xlink:to="lab_ifrs-full_RevenueAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DiscountConversionFromNotesQualifiedFinancing_83f79c4e-72e2-4ae3-8156-3574caa8b463_terseLabel_en-US" xlink:label="lab_ptv_DiscountConversionFromNotesQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Discount, conversion from notes - qualified financing</link:label>
    <link:label id="lab_ptv_DiscountConversionFromNotesQualifiedFinancing_label_en-US" xlink:label="lab_ptv_DiscountConversionFromNotesQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discount, conversion from notes - qualified financing</link:label>
    <link:label id="lab_ptv_DiscountConversionFromNotesQualifiedFinancing_documentation_en-US" xlink:label="lab_ptv_DiscountConversionFromNotesQualifiedFinancing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Discount, conversion from notes - qualified financing</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DiscountConversionFromNotesQualifiedFinancing" xlink:href="ptv-20231231.xsd#ptv_DiscountConversionFromNotesQualifiedFinancing"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DiscountConversionFromNotesQualifiedFinancing" xlink:to="lab_ptv_DiscountConversionFromNotesQualifiedFinancing" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LossesOnDisposalsOfInvestments_19ef8a78-d344-478b-a9d5-c9c90ac6d127_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_LossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Loss realised on sale of investments as a result of written call option</link:label>
    <link:label id="lab_ifrs-full_LossesOnDisposalsOfInvestments_ed197b38-6ec6-4147-a697-7bde77f73652_netLabel_en-US" xlink:label="lab_ifrs-full_LossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Losses on disposals of investments</link:label>
    <link:label id="lab_ifrs-full_LossesOnDisposalsOfInvestments_label_en-US" xlink:label="lab_ifrs-full_LossesOnDisposalsOfInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Losses on disposals of investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LossesOnDisposalsOfInvestments" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_LossesOnDisposalsOfInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LossesOnDisposalsOfInvestments" xlink:to="lab_ifrs-full_LossesOnDisposalsOfInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest_c1670c58-60a7-41b1-960a-95ec62dab5e3_terseLabel_en-US" xlink:label="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share of associate loss recorded against long-term interest</link:label>
    <link:label id="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest_label_en-US" xlink:label="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of associate loss recorded against long-term interest</link:label>
    <link:label id="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest_documentation_en-US" xlink:label="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share of associate loss recorded against long-term interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:href="ptv-20231231.xsd#ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:to="lab_ptv_ShareOfAssociateLossRecordedAgainstLongTermInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CreditExposure_08a4d5e4-d9d7-4dba-9f73-decd5298a20a_totalLabel_en-US" xlink:label="lab_ifrs-full_CreditExposure" 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_CreditExposure_label_en-US" xlink:label="lab_ifrs-full_CreditExposure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit exposure</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CreditExposure" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CreditExposure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditExposure" xlink:to="lab_ifrs-full_CreditExposure" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AverageNumberOfEmployees_bfbb4176-eaef-47aa-b2fd-e14c612e91b1_terseLabel_en-US" xlink:label="lab_ifrs-full_AverageNumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_ifrs-full_AverageNumberOfEmployees_label_en-US" xlink:label="lab_ifrs-full_AverageNumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average number of employees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageNumberOfEmployees" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AverageNumberOfEmployees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AverageNumberOfEmployees" xlink:to="lab_ifrs-full_AverageNumberOfEmployees" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable_06b0c8af-d856-4bd2-b887-cea926ba03a2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:to="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_WeightedAverageOptionsExercisableLineItems_676a4672-3601-4904-afe2-d7ef61cc4fbb_terseLabel_en-US" xlink:label="lab_ptv_WeightedAverageOptionsExercisableLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Options exercisable [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsExercisableLineItems_label_en-US" xlink:label="lab_ptv_WeightedAverageOptionsExercisableLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Options exercisable [Line Items]</link:label>
    <link:label id="lab_ptv_WeightedAverageOptionsExercisableLineItems_documentation_en-US" xlink:label="lab_ptv_WeightedAverageOptionsExercisableLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted Average Options exercisable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_WeightedAverageOptionsExercisableLineItems" xlink:href="ptv-20231231.xsd#ptv_WeightedAverageOptionsExercisableLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_WeightedAverageOptionsExercisableLineItems" xlink:to="lab_ptv_WeightedAverageOptionsExercisableLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ContributedByMember_a0ea231e-1045-4420-a5f5-e45c0a686a03_terseLabel_en-US" xlink:label="lab_ptv_ContributedByMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributed By</link:label>
    <link:label id="lab_ptv_ContributedByMember_label_en-US" xlink:label="lab_ptv_ContributedByMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contributed By [Member]</link:label>
    <link:label id="lab_ptv_ContributedByMember_documentation_en-US" xlink:label="lab_ptv_ContributedByMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contributed By</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ContributedByMember" xlink:href="ptv-20231231.xsd#ptv_ContributedByMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ContributedByMember" xlink:to="lab_ptv_ContributedByMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LeaseLiabilityInitialTerm_4b16ecd1-6477-467b-90e4-1310c407da0e_terseLabel_en-US" xlink:label="lab_ptv_LeaseLiabilityInitialTerm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, initial term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityInitialTerm_label_en-US" xlink:label="lab_ptv_LeaseLiabilityInitialTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lease Liability, Initial Term</link:label>
    <link:label id="lab_ptv_LeaseLiabilityInitialTerm_documentation_en-US" xlink:label="lab_ptv_LeaseLiabilityInitialTerm" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lease Liability, Initial Term</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LeaseLiabilityInitialTerm" xlink:href="ptv-20231231.xsd#ptv_LeaseLiabilityInitialTerm"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LeaseLiabilityInitialTerm" xlink:to="lab_ptv_LeaseLiabilityInitialTerm" xlink:type="arc" order="1"/>
    <link:label id="lab_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-20231231.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_dei_DocumentInformationTable_e7a9f110-180a-46aa-9413-df3e5b2bb9a3_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document and Entity Information [Table]</link:label>
    <link:label id="lab_dei_DocumentInformationTable_label_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationTable" xlink:to="lab_dei_DocumentInformationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_d0d22634-d8d0-45da-96ac-7d5b3780ba75_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Associates</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for investment in associates [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TalMember_1ee9167b-48ed-4636-a54d-a253756c0441_verboseLabel_en-US" xlink:label="lab_ptv_TalMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Tal Medical, Inc.</link:label>
    <link:label id="lab_ptv_TalMember_label_en-US" xlink:label="lab_ptv_TalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tal [Member]</link:label>
    <link:label id="lab_ptv_TalMember_documentation_en-US" xlink:label="lab_ptv_TalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tal</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TalMember" xlink:href="ptv-20231231.xsd#ptv_TalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TalMember" xlink:to="lab_ptv_TalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_fc09c2e4-beeb-4c2f-a4be-67670bf3e60d_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions, net of transfers</link:label>
    <link:label id="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions other than through business combinations, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_138be28f-d7ae-46d1-adbc-e50f22d22d36_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalSubsidiaryTypesMember_9083a064-fcf6-4d83-ac41-4837b2f1e19d_terseLabel_en-US" xlink:label="lab_ptv_TotalSubsidiaryTypesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Subsidiary Types</link:label>
    <link:label id="lab_ptv_TotalSubsidiaryTypesMember_label_en-US" xlink:label="lab_ptv_TotalSubsidiaryTypesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Subsidiary Types [Member]</link:label>
    <link:label id="lab_ptv_TotalSubsidiaryTypesMember_documentation_en-US" xlink:label="lab_ptv_TotalSubsidiaryTypesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Subsidiary Types</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TotalSubsidiaryTypesMember" xlink:href="ptv-20231231.xsd#ptv_TotalSubsidiaryTypesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TotalSubsidiaryTypesMember" xlink:to="lab_ptv_TotalSubsidiaryTypesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_ce3d6b30-4a81-41ff-b3fa-39ab52a7956b_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 of fair value hierarchy</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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_LesseeOperatingSubleaseAnnualLeaseFees_65c9e8d9-9fca-4b1b-aadd-c388f0beeea8_terseLabel_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sublease annual fees</link:label>
    <link:label id="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees_label_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Sublease, Annual Lease Fees</link:label>
    <link:label id="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees_documentation_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lessee, Operating Sublease, Annual Lease Fees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:href="ptv-20231231.xsd#ptv_LesseeOperatingSubleaseAnnualLeaseFees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:to="lab_ptv_LesseeOperatingSubleaseAnnualLeaseFees" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable_9f720640-cb17-4a1f-ba13-b13a5138080e_terseLabel_en-US" xlink:label="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue - Customers over 10% of revenue [Table]</link:label>
    <link:label id="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable_label_en-US" xlink:label="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue - Customers over 10% of revenue [Table]</link:label>
    <link:label id="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable_documentation_en-US" xlink:label="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disaggregation of Revenue - Customers over 10% of revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:href="ptv-20231231.xsd#ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:to="lab_ptv_DisaggregationOfRevenueCustomersOver10OfRevenueTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_e67d3d1c-392f-435a-ab4d-aad4e4cf134a_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for provisions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithPartiesOtherThanEmployees_c64bd857-2df9-49bf-a2e3-a38a6e6958be_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_DisclosureOfLeasesExplanatory_136266c8-2bcf-46e4-a81d-4cc28e6b8462_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leases and subleases</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfLeasesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of leases [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfLeasesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfLeasesExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLeasesExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLeasesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SondeMember_24c0253e-8a2e-461e-b2b6-5a9ae295448b_verboseLabel_en-US" xlink:label="lab_ptv_SondeMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Sonde Health, Inc.</link:label>
    <link:label id="lab_ptv_SondeMember_f631deca-d3a1-40e2-87f4-ded452104f52_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-20231231.xsd#ptv_SondeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SondeMember" xlink:to="lab_ptv_SondeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentConsolidationItemsAxis_aea08d61-08aa-4ccb-84ba-276794fd2586_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SegmentConsolidationItemsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentConsolidationItemsAxis" xlink:to="lab_ifrs-full_SegmentConsolidationItemsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_EndraHoldingsLLCMember_c35341e8-a174-496b-93ac-5ef9d079dcf3_verboseLabel_en-US" xlink:label="lab_ptv_EndraHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Endra Holdings, LLC (held indirectly through Enlight)</link:label>
    <link:label id="lab_ptv_EndraHoldingsLLCMember_label_en-US" xlink:label="lab_ptv_EndraHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Endra Holdings LLC [Member]</link:label>
    <link:label id="lab_ptv_EndraHoldingsLLCMember_documentation_en-US" xlink:label="lab_ptv_EndraHoldingsLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Endra Holdings LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_EndraHoldingsLLCMember" xlink:href="ptv-20231231.xsd#ptv_EndraHoldingsLLCMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_EndraHoldingsLLCMember" xlink:to="lab_ptv_EndraHoldingsLLCMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_509e28f7-86a2-4a08-af52-f720b92a6546_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of RSU Activity</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of number and weighted average exercise prices of other equity instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfOtherEquityInstrumentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PerformanceSharePlanMember_9813c8f8-2893-4967-993c-f7f3eb185b26_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-20231231.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_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_eea0de6f-9b3d-4773-a23d-48721d6e902f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Impairment</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_e9c2db67-914f-48ff-b555-5fd94e70ed38_verboseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Write-off amount</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment loss recognised in profit or loss, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NontradingHoldingCompaniesAbstract_87d1b95b-dfcc-4dea-ba8f-b0177d6430db_terseLabel_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nontrading holding companies</link:label>
    <link:label id="lab_ptv_NontradingHoldingCompaniesAbstract_label_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nontrading holding companies [Abstract]</link:label>
    <link:label id="lab_ptv_NontradingHoldingCompaniesAbstract_documentation_en-US" xlink:label="lab_ptv_NontradingHoldingCompaniesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Nontrading holding companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NontradingHoldingCompaniesAbstract" xlink:href="ptv-20231231.xsd#ptv_NontradingHoldingCompaniesAbstract"/>
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    <link:label id="lab_ptv_ConvertibleNoteReceivableMember_ec80b0b1-5d79-4d18-ba8d-742355fa1681_verboseLabel_en-US" xlink:label="lab_ptv_ConvertibleNoteReceivableMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Convertible note receivable</link:label>
    <link:label id="lab_ptv_ConvertibleNoteReceivableMember_c3f2c300-10c7-4893-8962-cd5c6b3a1b36_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-20231231.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_dei_DocumentInformationLineItems_057fffc3-1be3-4131-9d8c-f8b2984a4710_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document and Entity Information [Line Items]</link:label>
    <link:label id="lab_dei_DocumentInformationLineItems_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationLineItems" xlink:to="lab_dei_DocumentInformationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_UnusedFederalOrphanDrugTaxCredits_d8a24be0-5f1b-43ee-a3f8-52fab3d75baf_terseLabel_en-US" xlink:label="lab_ptv_UnusedFederalOrphanDrugTaxCredits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unused federal orphan drug tax credits</link:label>
    <link:label id="lab_ptv_UnusedFederalOrphanDrugTaxCredits_label_en-US" xlink:label="lab_ptv_UnusedFederalOrphanDrugTaxCredits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unused Federal orphan drug tax credits</link:label>
    <link:label id="lab_ptv_UnusedFederalOrphanDrugTaxCredits_documentation_en-US" xlink:label="lab_ptv_UnusedFederalOrphanDrugTaxCredits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unused Federal orphan drug tax credits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_UnusedFederalOrphanDrugTaxCredits" xlink:href="ptv-20231231.xsd#ptv_UnusedFederalOrphanDrugTaxCredits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_UnusedFederalOrphanDrugTaxCredits" xlink:to="lab_ptv_UnusedFederalOrphanDrugTaxCredits" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IssuedShareCapitalAcquired_0075021c-6a0d-469b-ad3e-1bf9ffb0deeb_terseLabel_en-US" xlink:label="lab_ptv_IssuedShareCapitalAcquired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issued share capital acquired (in shares)</link:label>
    <link:label id="lab_ptv_IssuedShareCapitalAcquired_label_en-US" xlink:label="lab_ptv_IssuedShareCapitalAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued Share capital acquired</link:label>
    <link:label id="lab_ptv_IssuedShareCapitalAcquired_documentation_en-US" xlink:label="lab_ptv_IssuedShareCapitalAcquired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Issued Share capital acquired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IssuedShareCapitalAcquired" xlink:href="ptv-20231231.xsd#ptv_IssuedShareCapitalAcquired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IssuedShareCapitalAcquired" xlink:to="lab_ptv_IssuedShareCapitalAcquired" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_4b26878e-0873-46e2-a933-05736b65806a_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>
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    <link:label id="lab_ptv_ReversalOfInvestmentLossInAssociatesAccountedForUsingEquityMethod_8041d418-312d-4e03-8046-c342ff666dbd_terseLabel_en-US" xlink:label="lab_ptv_ReversalOfInvestmentLossInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reversal of equity method losses recorded against LTIs (due to decrease in LTI fair value)</link:label>
    <link:label id="lab_ptv_ReversalOfInvestmentLossInAssociatesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ptv_ReversalOfInvestmentLossInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reversal Of Investment Loss In Associates Accounted For Using Equity Method</link:label>
    <link:label id="lab_ptv_ReversalOfInvestmentLossInAssociatesAccountedForUsingEquityMethod_documentation_en-US" xlink:label="lab_ptv_ReversalOfInvestmentLossInAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reversal Of Investment Loss In Associates Accounted For Using Equity Method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ReversalOfInvestmentLossInAssociatesAccountedForUsingEquityMethod" xlink:href="ptv-20231231.xsd#ptv_ReversalOfInvestmentLossInAssociatesAccountedForUsingEquityMethod"/>
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    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_0605cb7b-0c3f-4499-a35f-c03ee559749a_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
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    <link:label id="lab_ptv_SubsidiaryPreferredSharesBalancesTable_90e481a4-3727-48c7-ac8e-53ff8083239f_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-20231231.xsd#ptv_SubsidiaryPreferredSharesBalancesTable"/>
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    <link:label id="lab_ptv_ScheduleOfTradeAndOtherPayablesTableTextBlock_5396b122-66c3-4087-887e-9a1cad57b0fa_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>
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    <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>
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    <link:label id="lab_ifrs-full_AdditionsToRightofuseAssets_3a82af3f-6b80-4817-aae0-881a7a24def3_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_ifrs-full_AdditionsToRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions to right-of-use assets</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_32e1d2d7-9566-4598-8a73-586370a65d7a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital and Financial Risk Management</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial risk management [text block]</link:label>
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    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_a82f9644-b259-4d8f-afc2-28e0e14d648b_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>
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    <link:label id="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_27d751ce-79c1-496c-8d2d-8b70035623a3_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">US federal statutory rate</link:label>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_2285cedb-514f-4ca8-b26e-36525a3bbe35_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Options exercisable (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_03ee099d-e084-4bfa-944b-6219679abb62_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement"/>
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_8839cdb2-9fd7-4393-9c07-e10f11043046_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>
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    <link:label id="lab_ifrs-full_Goodwill_3541d018-d216-4ed2-adb9-7ed8db598695_terseLabel_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:label id="lab_ifrs-full_Goodwill_label_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Goodwill"/>
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    <link:label id="lab_ifrs-full_AmortisationExpense_3d683d49-e24e-402c-a66b-081aa087f3b5_terseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization</link:label>
    <link:label id="lab_ifrs-full_AmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortisation expense</link:label>
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    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_0b23b477-b142-42ad-a5fb-64e4619a2b5f_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>
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    <link:label id="lab_ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables_4395ee98-b8d9-4cd2-bb71-9cbe14f43d1e_terseLabel_en-US" xlink:label="lab_ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase of property, plant and equipment against trade and other payables</link:label>
    <link:label id="lab_ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables_label_en-US" xlink:label="lab_ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of property plant and equipment against trade and other payables</link:label>
    <link:label id="lab_ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables_documentation_en-US" xlink:label="lab_ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Purchase of property plant and equipment against trade and other payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables" xlink:href="ptv-20231231.xsd#ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables" xlink:to="lab_ptv_PurchaseOfPropertyPlantAndEquipmentAgainstTradeAndOtherPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_49168362-963e-4b41-9604-8c27bb87c8c9_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>
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    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName"/>
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    <link:label id="lab_ifrs-full_LiabilitiesAbstract_735f3edf-98b0-41f5-97d8-25ff35da6afb_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ShortTermNoteFromAssociateMember_ec3fa182-a395-4bbe-a6da-f57a9a13d8cd_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>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermNoteFromAssociateMember" xlink:href="ptv-20231231.xsd#ptv_ShortTermNoteFromAssociateMember"/>
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    <link:label id="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate_a49b6081-329b-4146-ae7d-850eec5f12b3_terseLabel_en-US" xlink:label="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Nondeductible compensation</link:label>
    <link:label id="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rate of executive compensation, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rate of executive compensation, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_RateOfExecutiveCompensationReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_stpr_MA_2d78b36f-3c65-4ce1-ab00-0e0c683709eb_terseLabel_en-US" xlink:label="lab_stpr_MA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Massachusetts</link:label>
    <link:label id="lab_stpr_MA_label_en-US" xlink:label="lab_stpr_MA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MASSACHUSETTS</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_stpr_MA" xlink:href="https://xbrl.sec.gov/stpr/2023/stpr-2023.xsd#stpr_MA"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_stpr_MA" xlink:to="lab_stpr_MA" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_a4f5311c-e0d7-4592-bd3d-6e15625c9634_terseLabel_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [axis]</link:label>
    <link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_label_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:to="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AuditorName_321ffb15-5514-421b-b579-0712a9006bab_terseLabel_en-US" xlink:label="lab_dei_AuditorName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Auditor Name</link:label>
    <link:label id="lab_dei_AuditorName_label_en-US" xlink:label="lab_dei_AuditorName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AuditorName" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditorName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AuditorName" xlink:to="lab_dei_AuditorName" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LiabilitiesFromShareBasedPaymentTransactionsPerformanceAndMarketConditionsMet_e6c6ff97-14ca-4d95-b7e3-102fc8d2a30e_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-20231231.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_EntitysTotalForSegmentConsolidationItemsMember_ac91f827-d3b5-436a-ac2a-745d3e66fb63_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" 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_EntitysTotalForSegmentConsolidationItemsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for segment consolidation items [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:to="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryPlansLineItems_99314833-8eb7-4b72-927e-c05702c4bd3b_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Plans [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryPlansLineItems_label_en-US" xlink:label="lab_ptv_SubsidiaryPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Plans [Line Items]</link:label>
    <link:label id="lab_ptv_SubsidiaryPlansLineItems_documentation_en-US" xlink:label="lab_ptv_SubsidiaryPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryPlansLineItems" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryPlansLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryPlansLineItems" xlink:to="lab_ptv_SubsidiaryPlansLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SensitivityAnalysisForTypesOfMarketRiskReasonablyPossibleIncreaseInRiskVariablePeriod_a342308d-7056-4875-992a-e214222761b2_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-20231231.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_DisclosureOfSubsidiaryNotesPayableTextBlock_c97bb464-84eb-4437-a9a2-09a38ba54afc_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock_label_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Notes Payable [Text Block]</link:label>
    <link:label id="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock_documentation_en-US" xlink:label="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Subsidiary Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfSubsidiaryNotesPayableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:to="lab_ptv_DisclosureOfSubsidiaryNotesPayableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_0894e61a-bdbe-4cdb-8f4d-d26afc9f2cc8_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_3c3a4657-6c75-48bd-a445-5acce31b658b_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherCurrentPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentPayables" xlink:to="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_InvestmentInAssociatesAbstract_ce1b57ee-c95d-4b05-8bc8-de2cfd93d82e_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-20231231.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_dei_EntityCentralIndexKey_5c177cac-0a1d-4c4f-a98f-0d7b671e3909_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/2023/dei-2023.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_ptv_SeriesDMember_efe374b8-da7e-4c5e-8f31-72e81c07e704_terseLabel_en-US" xlink:label="lab_ptv_SeriesDMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series D</link:label>
    <link:label id="lab_ptv_SeriesDMember_label_en-US" xlink:label="lab_ptv_SeriesDMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Series D [Member]</link:label>
    <link:label id="lab_ptv_SeriesDMember_documentation_en-US" xlink:label="lab_ptv_SeriesDMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Series D</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SeriesDMember" xlink:href="ptv-20231231.xsd#ptv_SeriesDMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SeriesDMember" xlink:to="lab_ptv_SeriesDMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementLineItems_620264fd-5649-41fd-8f65-75a6d741405a_terseLabel_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Line Items]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementLineItems_label_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management [Line Items]</link:label>
    <link:label id="lab_ptv_CapitalAndFinancialRiskManagementLineItems_documentation_en-US" xlink:label="lab_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital And Financial Risk Management</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:href="ptv-20231231.xsd#ptv_CapitalAndFinancialRiskManagementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:to="lab_ptv_CapitalAndFinancialRiskManagementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_86a675cf-d41e-437b-a704-5e4b781e6b37_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_8dd0e65d-341d-494e-9a8b-0172ab7f96b9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Cost</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_85e24c2f-2c86-4d54-b109-95159d75acaa_verboseLabel_en-US" xlink:label="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Range of Exercise Prices (in GBP per share)</link:label>
    <link:label id="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_c90a9a15-35bf-42fe-a069-846aa2e56f93_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_ptv_ContractBalancesTable_8c958c29-0393-4b20-b341-8f662bb8b504_terseLabel_en-US" xlink:label="lab_ptv_ContractBalancesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contract Balances [Table]</link:label>
    <link:label id="lab_ptv_ContractBalancesTable_label_en-US" xlink:label="lab_ptv_ContractBalancesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contract Balances [Table]</link:label>
    <link:label id="lab_ptv_ContractBalancesTable_documentation_en-US" xlink:label="lab_ptv_ContractBalancesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contract Balances [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ContractBalancesTable" xlink:href="ptv-20231231.xsd#ptv_ContractBalancesTable"/>
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    <link:label id="lab_dei_LegalEntityAxis_ffee318f-1d11-43a2-a70e-bfc5e3ef24f9_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>
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    <link:label id="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsTable_c4727858-2ece-4a0a-b848-3447ce6112c8_terseLabel_en-US" xlink:label="lab_ptv_TaxLossesAndTaxCreditsCarryforwardsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax losses and tax credits carryforwards [Table]</link:label>
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    <link:label id="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange_f2b00768-cd71-4ff8-a0b2-0d6b6e68232c_terseLabel_en-US" xlink:label="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gelesis Earn out shares received in SPAC exchange</link:label>
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    <link:label id="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange_documentation_en-US" xlink:label="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial Investments, Fair Value Of Earnout Shares Received From SPAC Exchange</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:href="ptv-20231231.xsd#ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:to="lab_ptv_FinancialInvestmentsFairValueOfEarnoutSharesReceivedFromSPACExchange" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties_a5c2be9d-7639-4a2c-8f99-f1d2ec7aa06a_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_TradeAndOtherPayablesToRelatedParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:to="lab_ifrs-full_TradeAndOtherPayablesToRelatedParties" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented_436534d3-c3dd-484d-b3f3-128bbf2a4de6_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_NumberOfPotentialOrdinarySharesThatAreAntidilutiveInPeriodPresented"/>
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    <link:label id="lab_ptv_NumberOfReportableSegments_3caa80b9-89ee-4ce9-9062-82794c9c22ad_terseLabel_en-US" xlink:label="lab_ptv_NumberOfReportableSegments" 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_NumberOfReportableSegments_label_en-US" xlink:label="lab_ptv_NumberOfReportableSegments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Reportable Segments</link:label>
    <link:label id="lab_ptv_NumberOfReportableSegments_documentation_en-US" xlink:label="lab_ptv_NumberOfReportableSegments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Reportable Segments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfReportableSegments" xlink:href="ptv-20231231.xsd#ptv_NumberOfReportableSegments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfReportableSegments" xlink:to="lab_ptv_NumberOfReportableSegments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_ce552266-eaa4-4f7d-9088-6a8244d00125_terseLabel_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain/(loss) on dilution of ownership interest in associates</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_d7dde2ec-122b-4a9e-9297-42a45fc6ef5a_negatedTerseLabel_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gain on dilution of ownership interest in associate</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_40829e2d-7e3c-4be5-9d89-ae47f3bc8f71_verboseLabel_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain on dilution of ownership interest in associate</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_label_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) Recognized On Dilution Of Ownership Interest In Associate</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_documentation_en-US" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) Recognized On Dilution Of Ownership Interest In Associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:href="ptv-20231231.xsd#ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:to="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_BorrowingsOther_51082f06-4a0d-4dcd-9d8b-9a8358392e8d_negatedTerseLabel_en-US" xlink:label="lab_ptv_BorrowingsOther" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ptv_BorrowingsOther_label_en-US" xlink:label="lab_ptv_BorrowingsOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, other</link:label>
    <link:label id="lab_ptv_BorrowingsOther_documentation_en-US" xlink:label="lab_ptv_BorrowingsOther" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, other</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_BorrowingsOther" xlink:href="ptv-20231231.xsd#ptv_BorrowingsOther"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_BorrowingsOther" xlink:to="lab_ptv_BorrowingsOther" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward_5e80f94d-10ee-4336-9843-85f15988f5e6_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-20231231.xsd#ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:to="lab_ptv_ChangesInTheValueOfSubsidiaryPreferredSharesRollForward" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansTable_90129c9a-e97c-4c62-ae83-1c2a2ae8cb79_terseLabel_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansTable_label_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Table]</link:label>
    <link:label id="lab_ptv_SubsidiaryNotesPayableLoansTable_documentation_en-US" xlink:label="lab_ptv_SubsidiaryNotesPayableLoansTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subsidiary Notes Payable - Loans [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SubsidiaryNotesPayableLoansTable" xlink:href="ptv-20231231.xsd#ptv_SubsidiaryNotesPayableLoansTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SubsidiaryNotesPayableLoansTable" xlink:to="lab_ptv_SubsidiaryNotesPayableLoansTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TradeReceivablesIncomeTaxReceivable_b8ad9453-82bc-44e4-9da3-711003c6de7e_terseLabel_en-US" xlink:label="lab_ptv_TradeReceivablesIncomeTaxReceivable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax receivable &#8211; current</link:label>
    <link:label id="lab_ptv_TradeReceivablesIncomeTaxReceivable_label_en-US" xlink:label="lab_ptv_TradeReceivablesIncomeTaxReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables, income tax receivable</link:label>
    <link:label id="lab_ptv_TradeReceivablesIncomeTaxReceivable_documentation_en-US" xlink:label="lab_ptv_TradeReceivablesIncomeTaxReceivable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trade receivables, income tax receivable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_TradeReceivablesIncomeTaxReceivable" xlink:href="ptv-20231231.xsd#ptv_TradeReceivablesIncomeTaxReceivable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TradeReceivablesIncomeTaxReceivable" xlink:to="lab_ptv_TradeReceivablesIncomeTaxReceivable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_d585dd7a-e400-4dae-9edc-a507ab508577_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_SummaryOfSubsidiaryPreferredSharesBalancesTableTextBlock_e0136781-87aa-4f73-9827-0f8f4d7fdaee_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-20231231.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_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties_c4bb3177-63db-42e3-8e5d-21e8bbd2baaf_negatedTerseLabel_en-US" xlink:label="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interests and options issued to third parties</link:label>
    <link:label id="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties_label_en-US" xlink:label="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non controlling interests and options issued to third parties</link:label>
    <link:label id="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties_documentation_en-US" xlink:label="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non controlling interests and options issued to third parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:href="ptv-20231231.xsd#ptv_NonControllingInterestsAndOptionsIssuedToThirdParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:to="lab_ptv_NonControllingInterestsAndOptionsIssuedToThirdParties" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory_deb9ab66-cb6c-4140-9edd-ccf3ddef0dd6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible Assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of intangible assets [text block]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_1dbb9e6e-eae8-42ee-a0a0-26c3e55bf14a_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>
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    <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>
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    <link:label id="lab_ifrs-full_ValuationTechniquesMember_7e0a364c-cc14-48f7-9c1c-590b7d3a64fd_terseLabel_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesMember" 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_ValuationTechniquesMember_label_en-US" xlink:label="lab_ifrs-full_ValuationTechniquesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation techniques [member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ValuationTechniquesMember" xlink:to="lab_ifrs-full_ValuationTechniquesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems_2050403c-be19-48be-b686-bc550abf7e8c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis of operating lease payments [line items]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems"/>
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    <link:label id="lab_ptv_PreferredShareWarrantsMember_d450fe85-388f-4c54-837b-2c72e10094a9_terseLabel_en-US" xlink:label="lab_ptv_PreferredShareWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred share warrants</link:label>
    <link:label id="lab_ptv_PreferredShareWarrantsMember_label_en-US" xlink:label="lab_ptv_PreferredShareWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred share warrants [Member]</link:label>
    <link:label id="lab_ptv_PreferredShareWarrantsMember_documentation_en-US" xlink:label="lab_ptv_PreferredShareWarrantsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred share warrants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PreferredShareWarrantsMember" xlink:href="ptv-20231231.xsd#ptv_PreferredShareWarrantsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PreferredShareWarrantsMember" xlink:to="lab_ptv_PreferredShareWarrantsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_AccountingPolicies1Abstract_85e24817-9007-4ca2-a2b9-793050280409_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-20231231.xsd#ptv_AccountingPolicies1Abstract"/>
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    <link:label id="lab_ptv_NotesPayableLineItems_01f36a2c-966a-4c45-a14c-6aa90138dc72_terseLabel_en-US" xlink:label="lab_ptv_NotesPayableLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes Payable [Line Items]</link:label>
    <link:label id="lab_ptv_NotesPayableLineItems_label_en-US" xlink:label="lab_ptv_NotesPayableLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Payable [Line Items]</link:label>
    <link:label id="lab_ptv_NotesPayableLineItems_documentation_en-US" xlink:label="lab_ptv_NotesPayableLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notes Payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NotesPayableLineItems" xlink:href="ptv-20231231.xsd#ptv_NotesPayableLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NotesPayableLineItems" xlink:to="lab_ptv_NotesPayableLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_b1ae6fae-d0ec-46c1-a4e2-901cd4b00dfe_negatedTerseLabel_en-US" xlink:label="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deconsolidation of subsidiary</link:label>
    <link:label id="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_label_en-US" xlink:label="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deconsolidation adjustments, reconciliation of effective tax rate</link:label>
    <link:label id="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate_documentation_en-US" xlink:label="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deconsolidation adjustments, reconciliation of effective tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:href="ptv-20231231.xsd#ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:to="lab_ptv_DeconsolidationAdjustmentsReconciliationOfEffectiveTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_9c87a526-cc45-4389-8180-2b8b538a1a22_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Outstanding (Non-vested), beginning of year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_6b107000-c78a-4d2f-97a3-43806651ab1b_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Outstanding (Non-vested), end of year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_eb13bf45-febe-4323-b5d8-fb804bd7e5c6_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_CarryingAmountMember_7c68846f-9e4c-413a-bf06-bf6a3d3729a0_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying Amount</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CarryingAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember" xlink:to="lab_ifrs-full_CarryingAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_f974e79e-4683-4900-8954-3c3084906604_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Subsidiaries</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of subsidiaries [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory"/>
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    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_e38672a0-b210-4346-b7e5-6483d4419b60_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">Share of loss of associates accounted for using equity method</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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod"/>
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    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_3f4ca15a-07ef-4d02-bef2-dd7a95d579e6_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Disposals/Impairment</link:label>
    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposals, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_LesseeOperatingSubleaseSubleasedArea_4934c390-d5cb-4f44-88f8-458c14ae691e_terseLabel_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability, subleased area (in square feet)</link:label>
    <link:label id="lab_ptv_LesseeOperatingSubleaseSubleasedArea_label_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Sublease, Subleased Area</link:label>
    <link:label id="lab_ptv_LesseeOperatingSubleaseSubleasedArea_documentation_en-US" xlink:label="lab_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lessee, Operating Sublease, Subleased Area</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:href="ptv-20231231.xsd#ptv_LesseeOperatingSubleaseSubleasedArea"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:to="lab_ptv_LesseeOperatingSubleaseSubleasedArea" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Borrowings_1abd7695-7a0d-4aed-8f22-e1124d3c99a4_terseLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term loan</link:label>
    <link:label id="lab_ifrs-full_Borrowings_1d53ea41-7bc2-4eed-8f78-fb09828d5dfa_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" 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_Borrowings_0dd44542-a0d8-4714-a57f-0caa1a9a2b18_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" 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_Borrowings_71fa9b9e-3ee3-4c91-b985-e6175b3a04c6_totalLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Long-term loan</link:label>
    <link:label id="lab_ifrs-full_Borrowings_label_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Borrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_Borrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Borrowings" xlink:to="lab_ifrs-full_Borrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember_c45532ea-b81e-43a8-81fb-8fe79ad7f97d_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-20231231.xsd#ptv_TotalShareBasedPaymentsExpenseCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:to="lab_ptv_TotalShareBasedPaymentsExpenseCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfEquityTextBlock_4242da98-136c-4f5a-b525-9c541af599a1_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-20231231.xsd#ptv_DisclosureOfEquityTextBlock"/>
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    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable_121ed491-0433-4909-aa5f-9880fd55ba36_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementTable"/>
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    <link:label id="lab_ptv_PerformanceSharePlanLineItems_2dacce05-8b29-431d-a788-e13a5231bb41_terseLabel_en-US" xlink:label="lab_ptv_PerformanceSharePlanLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performance Share Plan [Line Items]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanLineItems_label_en-US" xlink:label="lab_ptv_PerformanceSharePlanLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performance Share Plan [Line Items]</link:label>
    <link:label id="lab_ptv_PerformanceSharePlanLineItems_documentation_en-US" xlink:label="lab_ptv_PerformanceSharePlanLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performance Share Plan</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PerformanceSharePlanLineItems" xlink:href="ptv-20231231.xsd#ptv_PerformanceSharePlanLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PerformanceSharePlanLineItems" xlink:to="lab_ptv_PerformanceSharePlanLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_8ae84c14-2fbd-420b-b339-fb47d24c9c9b_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>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_9ab23172-8e99-4303-8b5d-ae089d64ab3f_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Currency</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for foreign currency translation [text block]</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_9d4969e3-d3d5-4a87-9027-100c847035b5_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee Benefits</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Description of accounting policy for employee benefits [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory"/>
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    <link:label id="lab_ptv_PrepaidExpensesForExpectedSubsidiaryIPOAuditRelatedAssuranceServices_5e4f0044-0f64-4b57-87e4-d0802a2c2d63_terseLabel_en-US" xlink:label="lab_ptv_PrepaidExpensesForExpectedSubsidiaryIPOAuditRelatedAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid expenses for expected subsidiary IPO, audit related assurance services</link:label>
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    <link:label id="lab_ptv_PrepaidExpensesForExpectedSubsidiaryIPOAuditRelatedAssuranceServices_documentation_en-US" xlink:label="lab_ptv_PrepaidExpensesForExpectedSubsidiaryIPOAuditRelatedAssuranceServices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Prepaid expenses for expected subsidiary IPO, Audit related assurance services</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PrepaidExpensesForExpectedSubsidiaryIPOAuditRelatedAssuranceServices" xlink:href="ptv-20231231.xsd#ptv_PrepaidExpensesForExpectedSubsidiaryIPOAuditRelatedAssuranceServices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PrepaidExpensesForExpectedSubsidiaryIPOAuditRelatedAssuranceServices" xlink:to="lab_ptv_PrepaidExpensesForExpectedSubsidiaryIPOAuditRelatedAssuranceServices" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock_4e6ecbc3-5221-4d9c-acef-8a5a00132eb0_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>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_DisclosureOfInformationAboutShareholdingsOfKeyManagementPersonnelExplanatoryTableTextBlock"/>
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    <link:label id="lab_ptv_AlloniaLLCMember_54adcf62-05bc-4dd8-bd87-a70d5e7c8933_terseLabel_en-US" xlink:label="lab_ptv_AlloniaLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allonia LLC</link:label>
    <link:label id="lab_ptv_AlloniaLLCMember_label_en-US" xlink:label="lab_ptv_AlloniaLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allonia LLC [Member]</link:label>
    <link:label id="lab_ptv_AlloniaLLCMember_documentation_en-US" xlink:label="lab_ptv_AlloniaLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allonia LLC</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AlloniaLLCMember" xlink:href="ptv-20231231.xsd#ptv_AlloniaLLCMember"/>
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    <link:label id="lab_ptv_InterestIncomeOnSubleaseReceivable_3244f3c7-a846-48ee-820b-95e184cbf600_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-20231231.xsd#ptv_InterestIncomeOnSubleaseReceivable"/>
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    <link:label id="lab_ptv_AdditionsLeaseLiabilities_81c761a4-8369-45a6-b751-15442858a8ef_terseLabel_en-US" xlink:label="lab_ptv_AdditionsLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_ptv_AdditionsLeaseLiabilities_label_en-US" xlink:label="lab_ptv_AdditionsLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions Lease Liabilities</link:label>
    <link:label id="lab_ptv_AdditionsLeaseLiabilities_documentation_en-US" xlink:label="lab_ptv_AdditionsLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additions Lease Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdditionsLeaseLiabilities" xlink:href="ptv-20231231.xsd#ptv_AdditionsLeaseLiabilities"/>
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    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn_2a3bab25-2d94-4b70-b9cb-e62613991e88_terseLabel_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries included in the Group consolidated federal tax return</link:label>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn_label_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries included in the Group consolidated federal tax return</link:label>
    <link:label id="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn_documentation_en-US" xlink:label="lab_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage vote and value of subsidiaries included in the Group consolidated federal tax return</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn" xlink:href="ptv-20231231.xsd#ptv_PercentageVoteAndValueOfSubsidiariesIncludedInTheGroupConsolidatedFederalTaxReturn"/>
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    <link:label id="lab_ptv_FinanceIncomeAbstract_75cf1f87-6797-4631-859e-2fd5c65bac97_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>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceIncomeAbstract" xlink:href="ptv-20231231.xsd#ptv_FinanceIncomeAbstract"/>
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    <link:label id="lab_ifrs-full_CurrentReceivablesDueFromAssociates_6b5445ed-3df0-4731-8acb-68ec0b9404ea_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>
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    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_e18262d4-e88c-4111-9a13-f5005a2068d5_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>
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    <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>
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    <link:label id="lab_ptv_SummaryOfFinancialInformationOfGelesisTableTextBlock_69c3c511-b1ea-42db-a1de-292f04b1cfbc_terseLabel_en-US" xlink:label="lab_ptv_SummaryOfFinancialInformationOfGelesisTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Financial Information of Gelesis</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_SummaryOfFinancialInformationOfGelesisTableTextBlock" xlink:href="ptv-20231231.xsd#ptv_SummaryOfFinancialInformationOfGelesisTableTextBlock"/>
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    <link:label id="lab_ptv_WarrantsNumberOfSecuritiesCalledByWarrants_d038f24f-ee7a-42ba-bcb2-858ccac2fd06_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>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_WarrantsNumberOfSecuritiesCalledByWarrants" xlink:href="ptv-20231231.xsd#ptv_WarrantsNumberOfSecuritiesCalledByWarrants"/>
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    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_64c6b665-ad1e-4a08-9f12-25348224faf5_negatedLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Sale of Karuna and Vor 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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_SalesFairValueMeasurementAssets"/>
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    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentAbstract_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_PropertyPlantAndEquipmentAbstract"/>
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    <link:label id="lab_ptv_StockIncentivePlanMember_e12bc98f-9646-4de5-8f15-86cfc4423e9e_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-20231231.xsd#ptv_StockIncentivePlanMember"/>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_b378f5eb-3538-449b-9b15-0478309e0bfa_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) investing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
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    <link:label id="lab_ptv_OtherIncomeexpenseAbstract_315572e3-6b39-4692-a1e6-ce8d9df1ac78_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-20231231.xsd#ptv_OtherIncomeexpenseAbstract"/>
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    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_a1c49f1e-154f-42f9-9ef2-77d6ebe75056_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>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_5b44c87e-e9db-4d26-a01e-d63b93befdb9_periodStartLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_a6e4f3c2-fb63-426d-b69a-0843516b286e_periodEndLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
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    <link:label id="lab_ptv_FinancialInstrumentsFairValueMeasurementAndClassificationTable_23a85498-a7cd-4a82-abc4-9473160f21a0_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-20231231.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_ptv_GainLossOnDerivativeAssetsRecognizedThroughProfitOrLoss_f9d0ff00-34d7-4931-8cd9-e9b5ba8ff2d9_terseLabel_en-US" xlink:label="lab_ptv_GainLossOnDerivativeAssetsRecognizedThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on derivative assets recognized through profit or loss</link:label>
    <link:label id="lab_ptv_GainLossOnDerivativeAssetsRecognizedThroughProfitOrLoss_label_en-US" xlink:label="lab_ptv_GainLossOnDerivativeAssetsRecognizedThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Derivative Assets Recognized Through Profit Or Loss</link:label>
    <link:label id="lab_ptv_GainLossOnDerivativeAssetsRecognizedThroughProfitOrLoss_documentation_en-US" xlink:label="lab_ptv_GainLossOnDerivativeAssetsRecognizedThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (Loss) On Derivative Assets Recognized Through Profit Or Loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnDerivativeAssetsRecognizedThroughProfitOrLoss" xlink:href="ptv-20231231.xsd#ptv_GainLossOnDerivativeAssetsRecognizedThroughProfitOrLoss"/>
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    <link:label id="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember_ffe85fed-6ba3-4210-be5e-655db17e5468_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" 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_EntitysTotalForBusinessCombinationsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity's total for business combinations [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember"/>
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    <link:label id="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_9a5607b8-5e1f-4225-aa56-c71bd4d1afa5_terseLabel_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" 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_AllLevelsOfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All levels of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember"/>
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    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_5e846185-b7e9-4996-9aad-8adfbe69c850_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/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.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_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_e00b9330-c2e5-48fc-a4be-c7351c04fc2c_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
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    <link:label id="lab_ifrs-full_MajorCustomersAxis_d719e432-9923-4849-be67-93d91b482eb5_verboseLabel_en-US" xlink:label="lab_ifrs-full_MajorCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Major customers [axis]</link:label>
    <link:label id="lab_ifrs-full_MajorCustomersAxis_44c099a5-cf79-47ab-80fe-ddcf15121668_terseLabel_en-US" xlink:label="lab_ifrs-full_MajorCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customers over 10% of revenue</link:label>
    <link:label id="lab_ifrs-full_MajorCustomersAxis_label_en-US" xlink:label="lab_ifrs-full_MajorCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major customers [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MajorCustomersAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2023-03-23/full_ifrs/full_ifrs-cor_2023-03-23.xsd#ifrs-full_MajorCustomersAxis"/>
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    <link:label id="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock_2d2992f6-c25a-4619-8ada-c8f4338bfa25_terseLabel_en-US" xlink:label="lab_ptv_DisclosureOfShortTermAndLongTermPortionOfLeaseLiabilityTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Short-term and Long-term Portion of Lease Liability</link:label>
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    <link:label id="lab_ptv_FinanceCostNetAbstract_label_en-US" xlink:label="lab_ptv_FinanceCostNetAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Cost Net [Abstract]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_FinanceCostNetAbstract" xlink:href="ptv-20231231.xsd#ptv_FinanceCostNetAbstract"/>
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    <link:label id="lab_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_c65c831f-3208-4c21-a3e2-bea2ab6c321d_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>
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    <link:label id="lab_ifrs-full_UnrecognisedShareOfLossesOfAssociates_ff4f24f5-9d9f-481d-93c2-0a652f3e2d54_terseLabel_en-US" xlink:label="lab_ifrs-full_UnrecognisedShareOfLossesOfAssociates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrecognized equity method losses</link:label>
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