In a BSE filing today, Suven Life said it has been granted "one process patent from Europe, one process patent from Japan and one process patent from New Zealand corresponding to the New Chemical Entities (NCEs) which are for the treatment of disorders associated with Neurodegenerative diseases".
These patents are valid through 2032, the Hyderabad- based company said in a statement.
In a BSE filing, Suven Life Sciences said its NCESUVN- 911, a "novel chemical entity intended for the treatment of major depressive disorder (MDD) has initiated Phase 1 development and first dosing... and the topline results from the study is expected during the quarter Jan-March 2018".
Suven‘s efforts to make its research pay dividends will bear fruit if its molecule SUVN-502, now getting tested on patients in the United States, manages to demonstrate safety and efficacy in patients.
Venkat Jasti, Chairman and CEO, Suven Life Sciences is confident of maintaining EBITDA margins at 32 percent or more. He is also confident of 10-15 percent topline growth in FY17 and FY18.
The company has been granted "one product patent from India and one from Japan corresponding to the new chemical entities (NCEs) for treatment of disorders associated with neuro-degenerative diseases...," Suven Life Sciences said in a filing to BSE.
The Contract Research and Manufacturing Services (CRAMS) side of the business has contributed to the June quarter bottomline on the back of good product mix, says Venkat Jasti, CEO, Suven Life Sciences.
In a BSE filing today, Suven Life said it has been granted "one product patent from Europe and two product patents from Eurasia corresponding to New Chemical Entities (NCEs) for treatment of disorders associated with neuro-degenerative diseases".
In a regulatory filing today, Suven Life said it has "secured product patents in Australia, Eurasia, Israel and the US to their New Chemical Entities (NCEs) for CNS therapy through mechanism of action".
The company has been granted "one product patent from China, one product patent from Eurasia and one product patent from Hong Kong corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neuro-degenerative diseases", it said in a BSE filing. The patents will be valid till 2032.
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".
Venkat Jasti, chairman and chief executive officer, Suven Lifesciences says FY17 looks to be a more promising year and he hopes to log a revenue growth of 20 percent in the same year.
In a BSE filing, the company said it has been granted "two product patents from Canada and one product patent from China corresponding to their New Chemical Entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases." These patents are valid through 2029 and 2030, the company added.
Neurodegenerative diseases include Alzheimer's, Schizophrenia and Parkinson's
Biopharmaceutical firm Suven Life Sciences on Tuesday said it has been granted one patent each by the US, Israel and Macau for a drug used in the treatment of neurodegenerative diseases.
Neurodegenerative diseases include Alzheimer's, Schizophrenia and Parkinson's. In a BSE filing, the company said it has been granted "one product patent from Europe and one product patent from Hong Kong corresponding to the new chemical entities for the treatment of disorders associated with neurodegenerative diseases".
These patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts, Suven said.
Drug firm Suven Life Sciences has been granted a patent each by the US and New Zealand for a drug used in the treatment of neuro-degenerative diseases. The patents are valid until 2030 and 2031, respectively, Suven Life Sciences said in a filing to the BSE.
Shares of Suven Life Sciences (Suven) climbed 5 percent intraday Monday on getting product patent each in Eurasia and Israel.
Neurodegenerative diseases include Alzheimer's disease, Schizophrenia and Parkinson's disease. The granted claims of the patent include the class of selective H3 ligands discovered by Suven and are useful in treatment of cognitive impairment associated with neurodegenerative disorders.
According to Venkat Jasti, CEO, Suven Life Sciences the fourth quarter the revenues would be similar to that of third quarter but expect them in the range of 10-15% for the next fiscal that is FY16.
The offering was for 1,04,53,690 equity shares of face value of Rs 1 per equity share at a price of Rs 191.32 per share.
SUVN-G3031 is orally active Histamine H3 antagonist for the treatment of cognitive dysfunction associated with Alzheimer‘s disease/Schizophrenia.
"The granted claims of the patents include the class of selective alpha-4-beta-2 compounds discovered by Suven and are being developed as therapeutic agents for major depressive disorder (MDD)," it added.
The company has been granted patents by South Korea, China & Canada, that will be valid through 2029, 2029 and 2031 respectively, for the treatment of neurodegenerative diseases.