Suven Life Sciences has started well. Know why

Shares of Suven Life Sciences Ltd surged 6 percent after the mid sized pharma company announced that it had won four product patents in three different geographies.

Suven was trading at 248.85 rupees, up 13.80 on the National Stock Exchange. Nearly 11 lakh shares changed hands on the bourse in late morning deals compared with a 5-day average volume of 367,000 shares.

The stock has recently corrected from its all time high of 338 rupees and enjoys a market capitalization of `3,175 crore rupees.

Suven said in a statement to the exchanges that it had won approval for these New Chemical Entities that work on cognitive impairment associated with neurodegenerative disorders. The patents are in China, Mexico and South Africa.

(Image credit: Indiatimes)