Suven Life Sciences strengthens on securing two product patents in Europe and Macau

Suven Life Sciences is currently trading at Rs. 272.15, up by 10.20 points or 3.89% from its previous closing of Rs. 261.95 on the BSE.

The scrip opened at Rs. 263.85 and has touched a high and low of Rs. 275.20 and Rs. 260.45 respectively. So far 128418 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. 192.15 on 08-Sep-2015.

Last one week high and low of the scrip stood at Rs. 275.20 and Rs. 254.40 respectively. The current market cap of the company is Rs. 3453.81 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 two product patents; one product patent from Europe and one product patent from Macau corresponding to its New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2030 and 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, Suven has a total of twenty granted patents from Europe and eight granted patents from Macau. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. The 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.