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Suven Life Sciences trades jubilantly on securing patents in USA and New Zealand

17 Mar 2015 Evaluate

Suven Life Sciences is currently trading at Rs. 308.95, up by 12.70 points or 4.29% from its previous closing of Rs. 296.25 on the BSE.

The scrip opened at Rs. 305.85 and has touched a high and low of Rs. 322.90 and Rs. 297.00 respectively. So far 1629499 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 322.90 on 17-Mar-2015 and a 52 week low of Rs. 70.00 on 26-Mar-2014.

Last one week high and low of the scrip stood at Rs. 322.90 and Rs. 237.00 respectively. The current market cap of the company is Rs. 3957.85 crore.

The promoters holding in the company stood at 59.44% while Institutions and Non-Institutions held 9.22% and 31.34% respectively.

Suven Life Sciences has secured patents in USA and New Zealand to one of its New Chemical Entity (NCE) for CNS therapy through new mechanism of action - H3 Inverse agonist and these patents are valid until 2030 and 2031 respectively. The granted claims of the patent include the class of selective H3 ligands discovered by Suven and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders.

Histaminargic dysfunction has been strongly associated with the cognitive and behavioral deficits observed in several CNS disorders. H3 receptor blockade elevates acetylcholine in brain regions responsible for cognition, thus offer a means for targeting cognitive processes. Novel, potent, selective, brain penetrant and orally active H3 receptor inverse agonist for the treatment of cognitive deficits would offer new line of treatment for this unmet medical need.

With these new patents, the company has a total of twenty granted patents from USA and twenty three granted patents from New Zealand. 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

195.90 -0.10 (-0.05%)
17-Apr-2026 16:59 View Price Chart
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