Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 April, 2024 20:41 IST
Suven Life Sciences bags four product patents for NCEs
Source: IRIS | 13 Jul, 2015, 10.32AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Suven Life Sciences, a biopharmaceutical company, announced today that they secured patents in China and South Africa 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 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 granted patents from China, nineteen granted patents from Mexico and twenty two granted patents from South Africa. 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,'' said Venkat Jasti, CEO of Suven.

Shares of the company gained Rs 10.2, or 4.33%, to trade at Rs 245.70. The total volume of shares traded was 113,932 at the BSE (10.28 a.m., Monday).

 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer