Suven Life Gets Patent For Neuro-Degenerative Drug

Friday, 19 February 2016, 10:46 Hrs
42
cmt right
39
Comment Right
55
cmt right
12
cmt right
Printer Print Email Email


NEW DELHI: Suven Life Sciences has been granted a patent each by Australia and Canada for a drug used in the treatment of neuro-degenerative diseases.



In a BSE filing today, Suven Life said it has been granted “one product patent from Australia and one product patent from Canada corresponding to the new chemical entities (NCEs) for the treatment of disorders associated with neuro-degenerative diseases.’’



The patents from Australia and Canada will be valid till 2032 and 2031, respectively, the company added.



Suven Life CEO Venkat Jasti said: “We are very pleased by the grant of these patents to Suven for our pipeline of molecules in the CNS (central nervous system) arena, which are being developed for cognitive disorders with high unmet medical need with a huge market potential globally.”



With these new patents, Suven has 23 granted patents from Australia and 22 from Canada.



“These granted patents are exclusive intellectual property of Suven and are achieved through internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like phase-I or phase-II,” Suven said.



The stock was trading down by 2.1 per cent at Rs 151.65 on the BSE.



Read Also:
Half The World's Population To Be Myopic By 2050: Study
Diabetes Drug May Prevent Recurrence of Stroke


Source: PTI
SPOTLIGHT
Career
Wiley, a global leader in research and education has announced a series of blended learning progr..
Finance
The Reserve Bank of India injected a total liquidity of Rs 2.98 lakh crore in the market in 20..
Gadgets
Google Pixel and OnePlus smartphones are catching up and giving stiff competition to Samsu..
Business
The Pentagon has selected Microsoft and Amazon Web Services (AWS, the cloud computing arm ..
Enterprise IT
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will laun..
Entertainment
"Game of Thrones" author George R.R. Martin doesn't want season eight to be the final chapter of "..
Technology
Facebook-owned messaging app WhatsApp is still developing its previously announced "Vacatio..
US Indian
Facebook-owned photo messaging app Instagram has launched the beta version of its in-app sh..
Startup City
Youth are leading India's start-up ecosystem where the median age of founder-entrepreneurs..