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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
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    <link:label id="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract_documentation_en" xlink:label="lab_ptv_SupplementalDisclosureOfNonCashInvestmentAndFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Supplemental disclosure of non-cash investment and financing activities</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_StatementOfFinancialPositionAbstract"/>
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    <link:label id="lab_ptv_PaymentsForIssuancesOfShortTermNoteOtAssociate_label_en" xlink:label="lab_ptv_PaymentsForIssuancesOfShortTermNoteOtAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Payments for issuances of short-term note ot associate</link:label>
    <link:label id="lab_ptv_PaymentsForIssuancesOfShortTermNoteOtAssociate_documentation_en" xlink:label="lab_ptv_PaymentsForIssuancesOfShortTermNoteOtAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Payments for issuances of short-term note ot associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PaymentsForIssuancesOfShortTermNoteOtAssociate" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_PaymentsForIssuancesOfShortTermNoteOtAssociate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PaymentsForIssuancesOfShortTermNoteOtAssociate" xlink:to="lab_ptv_PaymentsForIssuancesOfShortTermNoteOtAssociate" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ProceedsFromIssueOfSharesToNonControllingInterests_label_en" xlink:label="lab_ptv_ProceedsFromIssueOfSharesToNonControllingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Proceeds from issue of shares to non-controlling interests</link:label>
    <link:label id="lab_ptv_ProceedsFromIssueOfSharesToNonControllingInterests_documentation_en" xlink:label="lab_ptv_ProceedsFromIssueOfSharesToNonControllingInterests" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Proceeds from issue of shares to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromIssueOfSharesToNonControllingInterests" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_ProceedsFromIssueOfSharesToNonControllingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ProceedsFromIssueOfSharesToNonControllingInterests" xlink:to="lab_ptv_ProceedsFromIssueOfSharesToNonControllingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ShortTermInvestments_label_en" xlink:label="lab_ptv_ShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Short-term Investments</link:label>
    <link:label id="lab_ptv_ShortTermInvestments_documentation_en" xlink:label="lab_ptv_ShortTermInvestments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Short-term Investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ShortTermInvestments" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_ShortTermInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_ShortTermInvestments" xlink:to="lab_ptv_ShortTermInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_ReceiptOfPaymentOfSublease_label_en" xlink:label="lab_ptv_ReceiptOfPaymentOfSublease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Receipt of payment of sublease</link:label>
    <link:label id="lab_ptv_ReceiptOfPaymentOfSublease_documentation_en" xlink:label="lab_ptv_ReceiptOfPaymentOfSublease" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Receipt of payment of sublease</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ReceiptOfPaymentOfSublease" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.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_ifrs-full_FinanceIncomeCost_a049aa29-ea97-462f-9ce6-231791b9e034_totalLabel_en" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Finance income (cost)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_PurchaseOfIntangibleAssetsButNotYetPaid_label_en" xlink:label="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Purchase Of Intangible Assets But Not Yet Paid</link:label>
    <link:label id="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid_documentation_en" xlink:label="lab_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Purchase Of Intangible Assets But Not Yet Paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchaseOfIntangibleAssetsButNotYetPaid" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.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_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions_label_en" xlink:label="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Noncurrent Liabilities From Share Based Payment Transactions</link:label>
    <link:label id="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions_documentation_en" xlink:label="lab_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Noncurrent Liabilities From Share Based Payment Transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NoncurrentLiabilitiesFromShareBasedPaymentTransactions" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.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_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates_label_en" xlink:label="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">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" xlink:label="lab_ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">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="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_AdjustmentsForGainsLossesOnChangeInFairValueOfNoteReceivableDueFromAssociates"/>
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    <link:label id="lab_ptv_GainLossOnInvestmentsInNotesFromAssociates_label_en" xlink:label="lab_ptv_GainLossOnInvestmentsInNotesFromAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gain (Loss) On Investments In Notes From Associates</link:label>
    <link:label id="lab_ptv_GainLossOnInvestmentsInNotesFromAssociates_documentation_en" xlink:label="lab_ptv_GainLossOnInvestmentsInNotesFromAssociates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Gain (Loss) On Investments In Notes From Associates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossOnInvestmentsInNotesFromAssociates" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_GainLossOnInvestmentsInNotesFromAssociates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_GainLossOnInvestmentsInNotesFromAssociates" xlink:to="lab_ptv_GainLossOnInvestmentsInNotesFromAssociates" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities_label_en" xlink:label="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash receipts from repayment of current receivables due from associates, classified as investing activities</link:label>
    <link:label id="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities_documentation_en" xlink:label="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">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="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:to="lab_ptv_CashReceiptsFromRepaymentOfCurrentReceivablesDueFromAssociatesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CashInDeconsolidatedSubsidiary_label_en" xlink:label="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash in deconsolidated subsidiary</link:label>
    <link:label id="lab_ptv_CashInDeconsolidatedSubsidiary_documentation_en" xlink:label="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Cash in deconsolidated subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_CashInDeconsolidatedSubsidiary" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_CashInDeconsolidatedSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_CashInDeconsolidatedSubsidiary" xlink:to="lab_ptv_CashInDeconsolidatedSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_label_en" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Noncash Interest Expense, Royalty Liability</link:label>
    <link:label id="lab_ptv_NoncashInterestExpenseRoyaltyLiability_documentation_en" xlink:label="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Noncash Interest Expense, Royalty Liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_NoncashInterestExpenseRoyaltyLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:to="lab_ptv_NoncashInterestExpenseRoyaltyLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonCashItemsAbstract_label_en" xlink:label="lab_ptv_NonCashItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Non-cash items [Abstract]</link:label>
    <link:label id="lab_ptv_NonCashItemsAbstract_documentation_en" xlink:label="lab_ptv_NonCashItemsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Non-cash items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonCashItemsAbstract" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.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_NumberOfTreasurySharesPurchased_label_en" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Number Of Treasury Shares Purchased</link:label>
    <link:label id="lab_ptv_NumberOfTreasurySharesPurchased_documentation_en" xlink:label="lab_ptv_NumberOfTreasurySharesPurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Number Of Treasury Shares Purchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NumberOfTreasurySharesPurchased" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_NumberOfTreasurySharesPurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NumberOfTreasurySharesPurchased" xlink:to="lab_ptv_NumberOfTreasurySharesPurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PurchasesOfConvertibleNote_label_en" xlink:label="lab_ptv_PurchasesOfConvertibleNote" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Purchases of convertible note</link:label>
    <link:label id="lab_ptv_PurchasesOfConvertibleNote_documentation_en" xlink:label="lab_ptv_PurchasesOfConvertibleNote" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Purchases of Convertible Note</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PurchasesOfConvertibleNote" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_PurchasesOfConvertibleNote"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PurchasesOfConvertibleNote" xlink:to="lab_ptv_PurchasesOfConvertibleNote" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_label_en" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Non-current Liabilities, Royalty Liabilities</link:label>
    <link:label id="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities_documentation_en" xlink:label="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Non-current Liabilities, Royalty Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_NonCurrentLiabilitiesRoyaltyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:to="lab_ptv_NonCurrentLiabilitiesRoyaltyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_PaymentToPurchaseTreasuryStock_label_en" xlink:label="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Payment to purchase treasury stock</link:label>
    <link:label id="lab_ptv_PaymentToPurchaseTreasuryStock_documentation_en" xlink:label="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Payment to purchase treasury stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_PaymentToPurchaseTreasuryStock" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_PaymentToPurchaseTreasuryStock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_PaymentToPurchaseTreasuryStock" xlink:to="lab_ptv_PaymentToPurchaseTreasuryStock" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseThroughNonControllingInterestExerciseOfShareBasedAwardsInSubsidiaries_label_en" xlink:label="lab_ptv_IncreaseDecreaseThroughNonControllingInterestExerciseOfShareBasedAwardsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase (Decrease) Through Non-controlling Interest Exercise Of Share-based Awards In Subsidiaries</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughNonControllingInterestExerciseOfShareBasedAwardsInSubsidiaries_documentation_en" xlink:label="lab_ptv_IncreaseDecreaseThroughNonControllingInterestExerciseOfShareBasedAwardsInSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Increase (Decrease) Through Non-controlling Interest Exercise Of Share-based Awards In Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughNonControllingInterestExerciseOfShareBasedAwardsInSubsidiaries" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_IncreaseDecreaseThroughNonControllingInterestExerciseOfShareBasedAwardsInSubsidiaries"/>
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    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityCurrent_label_en" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Sale Of Future Royalties Liability, Current</link:label>
    <link:label id="lab_ptv_SaleOfFutureRoyaltiesLiabilityCurrent_documentation_en" xlink:label="lab_ptv_SaleOfFutureRoyaltiesLiabilityCurrent" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Sale Of Future Royalties Liability, Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SaleOfFutureRoyaltiesLiabilityCurrent" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_SaleOfFutureRoyaltiesLiabilityCurrent"/>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_8f024b6e-9f39-478b-a6dd-0279283f023d_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">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/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
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    <link:label id="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary_label_en" xlink:label="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Decrease In Non-Controlling From Expiration Of Share Options In Subsidiary</link:label>
    <link:label id="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary_documentation_en" xlink:label="lab_ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">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="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_DecreaseInNonControllingFromExpirationOfShareOptionsInSubsidiary"/>
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    <link:label id="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits_label_en" xlink:label="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase Decrease Through Settlement Of Restricted Stock Units</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits_documentation_en" xlink:label="lab_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Increase Decrease Through Settlement Of Restricted Stock Units</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_IncreaseDecreaseThroughSettlementOfRestrictedStockUnits"/>
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    <link:label id="lab_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOfferShares_label_en" xlink:label="lab_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOfferShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase (Decrease) Through Repurchase And Cancellation of Ordinary Shares, Tender Offer, Shares</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOfferShares_documentation_en" xlink:label="lab_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOfferShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Increase (Decrease) Through Repurchase And Cancellation of Ordinary Shares, Tender Offer, Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOfferShares" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOfferShares"/>
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    <link:label id="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity_label_en" xlink:label="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">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" xlink:label="lab_ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">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="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_IncreaseDecreaseThroughRevaluationOfDeferredTaxAssetsRelatedToShareBasedPaymentTransactionsEquity"/>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_f0c5f393-486d-43bb-9233-fdae099c847d_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">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/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_CashFlowsFromUsedInInvestingActivities_0eb7419a-0ce9-4386-9fec-a98a9cdf4971_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">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/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOffer_label_en" xlink:label="lab_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Increase (Decrease) Through Repurchase And Cancellation of Ordinary Shares, Tender Offer</link:label>
    <link:label id="lab_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOffer_documentation_en" xlink:label="lab_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOffer" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Increase (Decrease) Through Repurchase And Cancellation of Ordinary Shares, Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOffer" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOffer" xlink:to="lab_ptv_IncreaseDecreaseThroughRepurchaseAndCancellationOfOrdinarySharesTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_label_en" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Gain (Loss) Recognized On Dilution Of Ownership Interest In Associate</link:label>
    <link:label id="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate_documentation_en" xlink:label="lab_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Gain (Loss) Recognized On Dilution Of Ownership Interest In Associate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_GainLossRecognizedOnDilutionOfOwnershipInterestInAssociate" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.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_ProceedsFromSaleOfFutureRoyalties_label_en" xlink:label="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Proceeds From Sale Of Future Royalties</link:label>
    <link:label id="lab_ptv_ProceedsFromSaleOfFutureRoyalties_documentation_en" xlink:label="lab_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Proceeds From Sale Of Future Royalties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_ProceedsFromSaleOfFutureRoyalties" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.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_ifrs-full_NumberOfSharesIssued_92247019-1bc5-4a36-827c-31813f40d80f_periodStartLabel_en" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en">Beginning balance (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssued_668004c8-9c25-4ead-9cf1-47c37b0b5b58_periodEndLabel_en" xlink:label="lab_ifrs-full_NumberOfSharesIssued" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en">Ending balance (in shares)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NumberOfSharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesIssued" xlink:to="lab_ifrs-full_NumberOfSharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherOperatingIncomeExpense_0cb6beb4-9eab-428c-a433-9a080edcf309_totalLabel_en" xlink:label="lab_ifrs-full_OtherOperatingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Other income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherOperatingIncomeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherOperatingIncomeExpense"/>
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    <link:label id="lab_ptv_SettlementOfRestrictedStockUnitsThroughIssuanceOfEquity_label_en" xlink:label="lab_ptv_SettlementOfRestrictedStockUnitsThroughIssuanceOfEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Settlement of restricted stock units through issuance of equity</link:label>
    <link:label id="lab_ptv_SettlementOfRestrictedStockUnitsThroughIssuanceOfEquity_documentation_en" xlink:label="lab_ptv_SettlementOfRestrictedStockUnitsThroughIssuanceOfEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Settlement of restricted stock units through issuance of equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ptv_SettlementOfRestrictedStockUnitsThroughIssuanceOfEquity" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_SettlementOfRestrictedStockUnitsThroughIssuanceOfEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ptv_SettlementOfRestrictedStockUnitsThroughIssuanceOfEquity" xlink:to="lab_ptv_SettlementOfRestrictedStockUnitsThroughIssuanceOfEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ptv_CostAssociatedWithTenderOfferNotYetPaidInCash_label_en" xlink:label="lab_ptv_CostAssociatedWithTenderOfferNotYetPaidInCash" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cost Associated With Tender Offer Not Yet Paid In Cash</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_CostAssociatedWithTenderOfferNotYetPaidInCash" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_CostAssociatedWithTenderOfferNotYetPaidInCash"/>
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    <link:label id="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract_label_en" xlink:label="lab_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Changes in operating assets and liabilities [Abstract]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_ChangesInOperatingAssetsAndLiabilitiesAbstract"/>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_AdjustmentsForIncreaseDecreaseInDeferredRevenue"/>
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    <link:label id="lab_ifrs-full_EquityAbstract_570da6a3-f1da-41e7-996b-55248d2918b6_terseLabel_en" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en">Equity</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ptv_PreferredShareLiability" xlink:href="213800LVPDNO2Z9T9I39-2024-12-31.xsd#ptv_PreferredShareLiability"/>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_8d8767ae-e150-444b-bcc3-b537eacd18bf_totalLabel_en" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Increase (decrease) in cash and cash equivalents before effect of exchange rate changes</link:label>
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