Daily Archives: August 7, 2014

Suven Life secures two product patents

Hyderabad :

Hyderabad-based biopharmaceutical company Suven Life Sciences Ltd on Wednesday said it has secured one patent each from Australia and Eurasia for its new chemical entities (NCEs). The NCEs will be used in the treatment of neurodegenerative diseases and these patents are valid through 2030 and 2029.

“The granted claims of the patents include the class of selective 5-HT compounds discovered by Suven that are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer’s disease, Attention deficient hyperactivity disorder (ADHD), Huntington’s disease, Parkinson and Schizophrenia,” the company informed the bourses.

Commenting on the development, Suven chief executive officer Venkat Jasti, said, “We are very pleased by the grant of these patents to Suven for our pipeline of molecules in CNS arena that are being developed for cognitive disorders with high unmet medical need with huge market potential globally.”

With these new patents, Suven has a total of 18 granted patents from Australia and 12 product patents from Eurasia. “These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at phase-I or phase-II,” the company statement said.

The company has twelve internally-discovered therapeutic drug candidates currently in pre-clinical stage of development targeting conditions such as ADHD, dementia, depression, Huntington’s disease, Parkinson’s disease and obesity.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Hyderabad / Swati Rathor, TNN / August 06th, 2014