Suven Life Sciences Ltd (Suven) announced the grant of one (1) product patent from Israel (255994) and one (1) product patent from Japan (6397131) corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and patents are valid through 2036 and 2034 respectively.
The granted claims of the patents include the class of selective M1 PAM and 5-HT4 compounds respectively 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, Parkinson and Schizophrenia etc.
"We are very pleased by the grant of these patents to Suven for our pipeline of molecules in CNS arena that are being developed for cognitive disorders with high unmet medical need with huge market potential globally" says Venkat Jasti, CEO of Suven.
Shares of SUVEN LIFE SCIENCES LTD. was last trading in BSE at Rs.245.35 as compared to the previous close of Rs. 240.75. The total number of shares traded during the day was 46362 in over 900 trades.
The stock hit an intraday high of Rs. 247.15 and intraday low of 239.55. The net turnover during the day was Rs. 11277216.