Suven Life shines on securing 3 product patents for NCEs May-19-2014 11:07 Hrs IST

Suven Life Sciences is currently trading at Rs. 86.95, up by 3.60 points or 4.32% from its previous closing of Rs. 83.35 on the BSE. The scrip opened at Rs. 83.75 and has touched a high and low of Rs. 88.90 and Rs. 83.75 respectively. So far 181846 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 94.40 on 30-Apr-2014 and a 52 week low of Rs. 22.00 on 13-Jun-2013. Last one week high and low of the scrip stood at Rs. 90.60 and Rs. 82.80 respectively. The current market cap of the company is Rs. 1012.32 crore. The promoters holding in the company stood at 64.76% while Institutions and Non-Institutions held 1.51% and 33.73% respectively. Suven Life Sciences (Suven) has been granted one 1 product patent from Australia, one product patent from South Korea and one product patent from China corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2029, 2029 and 2030 respectively. 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 17 granted patents from Australia, 13 granted patents from South Korea and 13 product patents from China. 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.