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.
Commenting on the development, Suven Life CEO 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."
The company has "secured patents in USA and New Zealand to one of their new chemical entity (NCE) for CNS therapy through new mechanism of action - H3 Inverse agonist...," Suven Life Sciences said.
With these new patents, Suven has a total of 20 granted patents from US and 23 granted patents from New Zealand.
"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," Suven said.
Meanwhile, Suven Life Sciences shares were trading 4.95 per cent up at Rs 261 apiece on the BSE.
