Suven shines on securing one Product Patent each in Mexico and Singapore

22 May 2015 Evaluate

Suven Life Sciences is currently trading at Rs. 316.85, up by 5.90 points or 1.90% from its previous closing of Rs. 310.95 on the BSE.

The scrip opened at Rs. 310.30 and has touched a high and low of Rs. 319.45 and Rs. 309.00 respectively. So far 91952 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 338.50 on 15-Apr-2015 and a 52 week low of Rs. 82.70 on 26-May-2014.

Last one week high and low of the scrip stood at Rs. 323.70 and Rs. 301.10 respectively. The current market cap of the company is Rs. 4003.03 crore.

The promoters holding in the company stood at 59.44% while Institutions and Non-Institutions held 8.36% and 32.20% respectively.

Suven Life Sciences has been granted one product patent from Mexico and one product patent from Singapore 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 alpha-4-beta-2 compounds discovered by Suven and are being developed as therapeutic agents for major depressive disorder (MDD).

With these new patents, the company has a total of eighteen granted patents from Mexico and twenty granted patents from Singapore. 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

92.65 -2.25 (-2.37%)
31-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1462.50
Dr. Reddys Lab 5784.50
Cipla 1451.25
Zydus Lifesciences 1001.15
Lupin 1587.90
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.