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.
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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.
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