Suven Life Sciences surges on securing product patents in four countries

Mumbai : Suven Life Sciences is currently trading at Rs. 263.35, up by 7.95 points or 3.11% from its previous closing of Rs. 255.40 on the BSE. The scrip opened at Rs. 261.00 and has touched a high and low of Rs. 266.80 and Rs. 261.00 respectively. So far 23190 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 337.70 on 11-Sep-2018 and a 52 week low of Rs. 170.25 on 09-Apr-2018.

Last one week high and low of the scrip stood at Rs. 267.70 and Rs. 254.20 respectively. The current market cap of the company is Rs. 3250.79 crore. The promoters holding in the company stood at 60.00%, while Institutions and Non-Institutions held 8.48% and 31.52% respectively. Suven Life Sciences has been granted one product patent from Israel, one product patent from Japan, one product patent from New Zealand and one product patent from Sri Lanka corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and patents are valid through 2036 and 2029 respectively.

The granted claims of the patents include the class of selective 5-HT4 and M1 PAM compounds and are being developed as therapeutic agents for neurodegenerative disorders such as for the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer’s disease, Attention deficient hyperactivity disorder (ADHD), Huntington’s disease, Pain, Parkinson Disease and Schizophrenia etc. 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 using GPCR targets.

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