close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Suven Life gets patent from New Zealand for neurological drug

Updated: Tue, Oct 10, 2017
11:59 am
PTI
RELATED NEWS
FM Sitharaman asks G-20 to take steps to revive growth, create reforms FM Sitharaman asks G-20 to take steps to revive growth, create reforms
India is world's fastest-growing economy, but this time there is a tie with China, says IMF India is world's fastest-growing economy, but this time there is a tie with China, says IMF
WATCH: Chinese President Xi Jinping reaches Chennai for meet with PM Modi, welcomed by folk dancers WATCH: Chinese President Xi Jinping reaches Chennai for meet with PM Modi, welcomed by folk dancers

Drug firm Suven Life Sciences has received a patent from New Zealand for a drug used for treatment of neuro-degenerative diseases.

In a BSE filing today, Suven Life said it has been granted "one product patent from New Zealand corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with neuro-degenerative diseases".

The patents are valid till 2034, 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 arena, which are being developed for cognitive disorders with high unmet medical need with a huge market potential globally."

Suven Life Sciences stock was trading 6.08 per cent up at Rs 192 on the BSE in the morning trade.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)