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Suven Life Sciences has rallied 8% to Rs 230 after the drug maker said their new chemical entity (NCE) SUVN-G3031 for cognition in Alzheimer’s disease has commenced Phase 1 clinical trials in USA.
"We are very pleased that the second compound from our pipeline of molecules in CNS has moved into clinical trial that is being developed for cognitive disorders in Alzheimer’s and Schizophrenia with high unmet medical need which has huge market potential globally” says Venkat Jasti, CEO of Suven.
Suven Life Science is a biopharmaceutical company focused on discovering, developing and commercializing novel pharmaceutical products, which are first in class or best in class CNS therapies through the use of GPCR targets.
The Company has eleven (11) internally-discovered therapeutic drug candidates currently in pre-clinical stage of development targeting conditions such as ADHD, dementia, major depressive disorder (MDD), Huntington's disease, Parkinson's disease and obesity in addition to this Phase 1 developmental candidate SUVN-G301 and Phase 2 a (PoC) ready SUVN-502 for Alzheimer's disease and Schizophrenia.
The stock opened at Rs 213 and touched a lifetime high of Rs 237 on BSE. The counter has seen huge trading volumes with a combined 3.25 million shares changed hands till 1310 hours on BSE and NSE.
"We are very pleased that the second compound from our pipeline of molecules in CNS has moved into clinical trial that is being developed for cognitive disorders in Alzheimer’s and Schizophrenia with high unmet medical need which has huge market potential globally” says Venkat Jasti, CEO of Suven.
Suven Life Science is a biopharmaceutical company focused on discovering, developing and commercializing novel pharmaceutical products, which are first in class or best in class CNS therapies through the use of GPCR targets.
The Company has eleven (11) internally-discovered therapeutic drug candidates currently in pre-clinical stage of development targeting conditions such as ADHD, dementia, major depressive disorder (MDD), Huntington's disease, Parkinson's disease and obesity in addition to this Phase 1 developmental candidate SUVN-G301 and Phase 2 a (PoC) ready SUVN-502 for Alzheimer's disease and Schizophrenia.
The stock opened at Rs 213 and touched a lifetime high of Rs 237 on BSE. The counter has seen huge trading volumes with a combined 3.25 million shares changed hands till 1310 hours on BSE and NSE.
