Suven Life Sciences tumbles 20% as SUVN-502 misses target in phase-2 trial

As part of the study, Suven tested the drug as a unique triple combination with Aricept (donepezil) and Namenda (memantine) on 564 patients in the US for at least one year

Suven Life Sciences slumped 20 per cent to Rs 253 on the BSE on Monday after its key molecule SUVN-502 (Masupirdine), meant for treatment of Alzheimer, missed its pre-specified primary endpoint in proof of concept (PoC) phase two study.

At 9:54, the stock had pared some losses and was trading 14 per cent lower at Rs 271 as compared to 0.36 per cent gain in the benchmark S&P BSE Sensex. Over 3 million shares of Suven Life Sciences had changed hands on the NSE and BSE so far.

As part of the study, Suven tested the drug as a unique