Suven Life Sciences secures 4 Product Patents for its NCE's in China, Mexico and South Africa
Suven Life Sciences Ltd (Suven) has secured patents in China (CN103443093) and South Africa (2013/01143, 2013/06328) to their New Chemical Entities (NCE's) for CNS therapy through mechanism of action - H3 Inverse agonist and these patents are valid until 2031,2030 and 2031 respectively. The granted claims of the patent include the class of selective H3 ligands discovered by Suven and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders.
Suven also secured a patent for their NCE in Mexico (326651) and the granted claims of this patent 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) and the patent is valid through 2030.
With these new patents, Suven has a total of sixteen (16) granted patents from China, nineteen (19) granted patents from Mexico and twenty two (22) granted patents from South Africa. 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.
"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.252.2 as compared to the previous close of Rs. 235.5. The total number of shares traded during the day was 494337 in over 8753 trades.
The stock hit an intraday high of Rs. 255.9 and intraday low of 233.8. The net turnover during the day was Rs. 123160829.