Suven Life gets 2 product patents in US

Patents related to treatment of disorders associated with neurodegenerative diseases

K Rajani Kanth Hyderabad
Last Updated : Mar 26 2014 | 11:38 AM IST
Hyderabad-based biopharmaceutical company, Suven Life Sciences Limited, has been granted two product patents from the US, corresponding to the new chemical entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases. These patents are valid through 2029 and 2030 respectively.

In a filing to the BSE on Wednesday, the company said that the granted claims of the patents included the class of selective 5-HT compounds discovered by Suven and were being developed as therapeutic agents.

These therapeutic agents are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer's, attention deficient hyperactivity, Huntington's, Parkinson and Schizophrenia diseases, it added.

With these new patents, Suven now has 17 granted patents from the US, and products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II, the company said.

Suven Life Sciences' scrip is currently trading at Rs 72.30 on the BSE, up 1.54%, over the previous close of Rs 71.20 a share.

 

 

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First Published: Mar 26 2014 | 11:22 AM IST

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