Suven Life Sciences extends rally

The stock currently trading at its 52-week high has surged 41% in past two trading sessions on the Bombay Stock Exchange

Suven Life Sciences has rallied 18% to Rs 25.20 on back of huge volumes. The stock currently trading at its 52-week high has surged 41% in past two trading sessions on the BSE.

A combined 3.57 million shares have changed hands on the counter till early noon deals, against an average sub one million shares that were traded daily in past two weeks on the NSE and BSE.

According to media reports, the pharmaceutical company which has eight product patents with potential therapeutic use in the central nervous system (CNS) disorders including Alzheimer’s disease expects to collaborate with a big pharma company for one of these products in 2014.