Dolat Capital is bullish on Suven Life Science has recommended buy rating on the stock with a target price of Rs 315 in its research report dated February 07, 2019.
Suven Life Science has received patents for four of its new chemical entities (NCEs) in China, Mexico and New Zealand and the company also plans to very soon enter Japan market which is considered as next big opportunity for generic drug makers.
Drug firm Suven Life Sciences today said it has received three product patents for CNS molecules, two from Eurasia and one from Canada, which could be used for treating various central nervous system disorders.
Suven Life Science Monday said it has got product patent for its new chemical entity, 5-HT compounds used to treat neurodegenerative diseases like Parkinson and Schizophrenia from Europe, New Zealand, Australia and Korea.