﻿<?xml version="1.0" encoding="utf-8" standalone="no"?>
<?taxonomy-version 1.0.0.0?>
<?taxonomy-date 2023-04-11?>
<!--This is a generated XML file-->
<link:linkbase xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xml="http://www.w3.org/XML/1998/namespace">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_GrossProfit" xlink:label="loc_ifrs-full_GrossProfit" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_GrossProfit" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Gross profit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossProfit" xlink:to="label_ifrs-full_GrossProfit" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ResearchAndDevelopmentExpense" xlink:label="loc_ifrs-full_ResearchAndDevelopmentExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ResearchAndDevelopmentExpense" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Research and development expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ResearchAndDevelopmentExpense" xlink:to="label_ifrs-full_ResearchAndDevelopmentExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_SalesAndMarketingExpense" xlink:label="loc_ifrs-full_SalesAndMarketingExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_SalesAndMarketingExpense" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Sales and marketing expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SalesAndMarketingExpense" xlink:to="label_ifrs-full_SalesAndMarketingExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_MiscellaneousOtherOperatingExpense" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Miscellaneous other operating expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherOperatingExpense" xlink:to="label_ifrs-full_MiscellaneousOtherOperatingExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="loc_ifrs-full_OtherOperatingIncomeExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_OtherOperatingIncomeExpense" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Other operating income (expense)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherOperatingIncomeExpense" xlink:to="label_ifrs-full_OtherOperatingIncomeExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_FinanceIncomeCost" xlink:label="loc_ifrs-full_FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_FinanceIncomeCost" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Finance income (cost)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeCost" xlink:to="label_ifrs-full_FinanceIncomeCost" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Tax expense (income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="label_ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForInterestIncome" xlink:label="loc_ifrs-full_AdjustmentsForInterestIncome" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_AdjustmentsForInterestIncome" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Adjustments for interest income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForInterestIncome" xlink:to="label_ifrs-full_AdjustmentsForInterestIncome" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Purchase of property, plant and equipment, classified as investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="label_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash flows from (used in) investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Payments of lease liabilities, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Interest paid, classified as financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_InterestPaidClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Cash flows from (used in) financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="label_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Increase (decrease) through transactions with owners, equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:to="label_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_SigningFeesAndMilestoneRevenues" xlink:label="loc_photocure_SigningFeesAndMilestoneRevenues" />
    <link:label xlink:type="resource" xlink:label="label_photocure_SigningFeesAndMilestoneRevenues" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Signing fees and milestone revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_SigningFeesAndMilestoneRevenues" xlink:to="label_photocure_SigningFeesAndMilestoneRevenues" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_GrossProfitAbstract" xlink:label="loc_photocure_GrossProfitAbstract" />
    <link:label xlink:type="resource" xlink:label="label_photocure_GrossProfitAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Gross profit [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_GrossProfitAbstract" xlink:to="label_photocure_GrossProfitAbstract" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_Indirectmanufacturingexpenses" xlink:label="loc_photocure_Indirectmanufacturingexpenses" />
    <link:label xlink:type="resource" xlink:label="label_photocure_Indirectmanufacturingexpenses" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">IndirectManufacturingExpenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_Indirectmanufacturingexpenses" xlink:to="label_photocure_Indirectmanufacturingexpenses" />
    <link:label xlink:type="resource" xlink:label="label_photocure_Indirectmanufacturingexpenses2" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">IndirectManufacturingExpenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_Indirectmanufacturingexpenses" xlink:to="label_photocure_Indirectmanufacturingexpenses2" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_OtherOperatingIncomeExpenseAbstract" xlink:label="loc_photocure_OtherOperatingIncomeExpenseAbstract" />
    <link:label xlink:type="resource" xlink:label="label_photocure_OtherOperatingIncomeExpenseAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other operating income (expense) [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_OtherOperatingIncomeExpenseAbstract" xlink:to="label_photocure_OtherOperatingIncomeExpenseAbstract" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_ProfitLossFromOperatingActivitiesAbstract" xlink:label="loc_photocure_ProfitLossFromOperatingActivitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_photocure_ProfitLossFromOperatingActivitiesAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Profit (loss) from operating activities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_ProfitLossFromOperatingActivitiesAbstract" xlink:to="label_photocure_ProfitLossFromOperatingActivitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_FinanceIncomeCostAbstract" xlink:label="loc_photocure_FinanceIncomeCostAbstract" />
    <link:label xlink:type="resource" xlink:label="label_photocure_FinanceIncomeCostAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Finance income (cost) [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_FinanceIncomeCostAbstract" xlink:to="label_photocure_FinanceIncomeCostAbstract" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_ProfitLossBeforeTaxAbstract" xlink:label="loc_photocure_ProfitLossBeforeTaxAbstract" />
    <link:label xlink:type="resource" xlink:label="label_photocure_ProfitLossBeforeTaxAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Profit (loss) before tax [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_ProfitLossBeforeTaxAbstract" xlink:to="label_photocure_ProfitLossBeforeTaxAbstract" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_CustomerRelations" xlink:label="loc_photocure_CustomerRelations" />
    <link:label xlink:type="resource" xlink:label="label_photocure_CustomerRelations" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Customer Relations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_CustomerRelations" xlink:to="label_photocure_CustomerRelations" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_OtherPaidInCapital" xlink:label="loc_photocure_OtherPaidInCapital" />
    <link:label xlink:type="resource" xlink:label="label_photocure_OtherPaidInCapital" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Other paid in capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_OtherPaidInCapital" xlink:to="label_photocure_OtherPaidInCapital" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_Longtermborrowings" xlink:label="loc_photocure_Longtermborrowings" />
    <link:label xlink:type="resource" xlink:label="label_photocure_Longtermborrowings" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">LongtermBorrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_Longtermborrowings" xlink:to="label_photocure_Longtermborrowings" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_Settlementemployeebenefits" xlink:label="loc_photocure_Settlementemployeebenefits" />
    <link:label xlink:type="resource" xlink:label="label_photocure_Settlementemployeebenefits" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">SettlementEmployeeBenefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_Settlementemployeebenefits" xlink:to="label_photocure_Settlementemployeebenefits" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_Earnoutliability" xlink:label="loc_photocure_Earnoutliability" />
    <link:label xlink:type="resource" xlink:label="label_photocure_Earnoutliability" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">EarnoutLiability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_Earnoutliability" xlink:to="label_photocure_Earnoutliability" />
    <link:label xlink:type="resource" xlink:label="label_photocure_Earnoutliability2" xml:lang="en" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">EarnoutLiability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_Earnoutliability" xlink:to="label_photocure_Earnoutliability2" />
    <link:loc xlink:type="locator" xlink:href="5967007LIEEXZXG8OW35-2022-12-31.xsd#photocure_IncreaseDecreaseThroughTransactionsWithOwnersEquityAbstract" xlink:label="loc_photocure_IncreaseDecreaseThroughTransactionsWithOwnersEquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_photocure_IncreaseDecreaseThroughTransactionsWithOwnersEquityAbstract" xml:lang="en" xlink:role="http://www.xbrl.org/2003/role/label">Increase (decrease) through transactions with owners, equity [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_photocure_IncreaseDecreaseThroughTransactionsWithOwnersEquityAbstract" xlink:to="label_photocure_IncreaseDecreaseThroughTransactionsWithOwnersEquityAbstract" />
  </link:labelLink>
</link:linkbase>