Suven Life Sciences is currently trading at Rs 59.15, up by 2.65 points or 4.69% from its previous closing of Rs 56.50 on the BSE.
The scrip opened at Rs 56.50 and has touched a high and low of Rs 59.50 and Rs 55.80 respectively. So far 250440 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 57.65 on 22-Oct-2013 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 56.95 and Rs 52.95 respectively. The current market cap of the company is Rs 664.76 crore.
The promoters holding in the company stood at 64.76% while Institutions and Non-Institutions held 0.05% and 35.19% respectively.
Suven Life Sciences has secured two product patents one each from USA and Japan corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2026 and 2028 respectively. The granted claims of the patents include the class of selective 5-HT compounds discovered by Suven and are being developed as therapeutic agents arid are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer's disease, Attention deficient hyperactivity disorder (ADHD), Huntington's disease, Parkinson and Schizophrenia
With these new patents, Suven has a total of fifteen granted patents from USA and seven granted patents from Japan. 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.
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