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Suven Life Sciences soars on securing 5 Product Patents

13 Oct 2015 Evaluate

Suven Life Sciences is currently trading at Rs. 291.25, up by 12.35 points or 4.43% from its previous closing of Rs. 278.90 on the BSE.

The scrip opened at Rs. 280.70 and has touched a high and low of Rs. 295.90 and Rs. 278.90 respectively. So far 302498 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. 177.25 on 16-Oct-2014.

Last one week high and low of the scrip stood at Rs. 298.90 and Rs. 275.80 respectively. The current market cap of the company is Rs. 3729.38 crore.

The promoters holding in the company stood at 59.57% while Institutions and Non-Institutions held 7.20% and 33.23% respectively.

Suven Life Sciences has secured patents in Australia, China, Europe, South Korea and USA corresponding to its New Chemical Entities (NCE’s) for CNS therapy through mechanism of action - H3 Inverse agonist and these patents are valid until 2031, 2030, 2031, 2030 and 2031 respectively.

The granted claims of the patent include the class of selective H3 ligands discovered by the company and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders.

With these new patents, the company has a total of 22 granted product patents in Australia, 19 granted patents from China, 17 granted patents from Europe, 17 granted patents from South Korea and 23 granted patents from USA. These granted patents are exclusive intellectual property of the company 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

213.25 17.35 (8.86%)
20-Apr-2026 11:56 View Price Chart
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