Suven Life Sciences is currently trading at Rs. 176.00, up by 1.95 points or 1.12% from its previous closing of Rs. 174.05 on the BSE.
The scrip opened at Rs. 175.70 and has touched a high and low of Rs. 179.30 and Rs. 173.70 respectively. So far 18191 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 228.50 on 30-May-2016 and a 52 week low of Rs. 151.10 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 192.25 and Rs. 172.50 respectively. The current market cap of the company is Rs. 2233.17 crore.
The promoters holding in the company stood at 60.00%, while institutions and non-institutions held 7.24% and 32.76% respectively.
Suven Life Sciences’ NCESUVN-911, a potent, selective, brain penetrant and orally active, novel chemical entity intended for the treatment of major depressive disorder (MDD) has initiated Phase 1 development and first dosing under US IND 133850 and the topline results from the study is expected during the quarter Jan-March 2018.
SUVN-911, a neuronal nicotinic alpha-4-beta-2 receptor, a unique class of protein is expressed at high level in brain. It regulates vital biological functions that are impaired in Major Depressive Disorders (MDD).
Preclinical studies in animal models suggest that SUVN-911 has a faster onset of action, unlike the conventional antidepressants. In addition it is also devoid of sexual side effects and also improves the cognitive skills which are the major side effects of current antidepressant therapy. SUVN-911 has completed all the preclinical, safety, early tox and GLP tox studies.
Suven life science submitted Investigational New Drug Application (IND) to conduct Phase 1 clinical trial for MDD, under 505(1) of the Federal Food, Drug and Cosmetic Act (FDCA, USA). SUVN-911 was assigned an IND number 133850. Based on the US IND 'A single-center, double-blind, placebo-controlled, randomized, Phase 1 study to evaluate the safety, tolerability, and pharmacokinetics of SUVN-911 after single ascending doses (SAD) and multiple ascending doses (MAD) in healthy male subjects” has been initiated in USA.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
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