Suven Life Sciences today said it has been granted a product patent by Australia, Eurasia and Europe corresponding to a new chemical entity (NCE) for the treatment of disorders associated with neurodegenerative diseases.
These patents are valid till 2034, the company said in a BSE filing.
"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 CEO Venkat Jasti said.
The compounds are being developed as therapeutic agents useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer's disease, attention deficient hyperactivity disorder (ADHD), Huntingtons disease, Parkinsons and schizophrenia, it added.
Suven Life Sciences shares were trading 0.84 per cent up at Rs 186 on BSE.
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