Suven Life Sciences strengthens on securing three Product Patents

31 Dec 2014 Evaluate

Suven Life Sciences is currently trading at Rs. 211.00, up by 1.90 points or 0.91% from its previous closing of Rs. 209.10 on the BSE.

The scrip opened at Rs. 213.00 and has touched a high and low of Rs. 213.40 and Rs. 210.55 respectively. So far 32754 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 236.50 on 03-Nov-2014 and a 52 week low of Rs. 67.50 on 27-Jan-2014.

Last one week high and low of the scrip stood at Rs. 219.50 and Rs. 206.35 respectively. The current market cap of the company is Rs. 2689.48 crore.

The promoters holding in the company stood at 64.76% while Institutions and Non-Institutions held 1.97% and 33.27% respectively.

Suven Life Sciences has received the grant of one product patent from Eurasia, one product patent from Japan and one product patent from Mexico corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2029.

The granted claims of the patents include the class of selective 5-HT compounds discovered by Suven and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer’s disease, Attention deficient hyperactivity disorder (ADHD), Huntington’s disease, Parkinson and Schizophrenia.

With these new patents, Suven has a total of thirteen granted patents from Eurasia, twelve granted patents from Japan and seventeen product patents from Mexico. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II.

Suven Life Science is a biopharmaceutical company focused on discovering, developing and commercializing novel pharmaceutical products, which are first in class or best in class CNS therapies through the use of GPCR targets.

 

Suven Life Sciences Share Price

110.90 0.60 (0.54%)
02-May-2024 13:59 View Price Chart
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