Suven Life zooms up

Suven Lifesciences is doing very well today morning. The stock is opened at Rs.23 levels but soon zoomed up to its high point of the day, Rs.25.70 and is currently up over 7% at Rs.24.95. Its 52-week high is at Rs.35.25.Volumes are huge at almost 1.25 lakh shares today morning.

The stock is up after the company announced today that it has received one product patent from Japan and another from USA. The company has been having a good run lately with patents being approved in April as well as May. Currently it has a total of 6 patents from Japan and 12 from USA. These granted patents are exclusive intellectual property of Suven and have been discovered through its internal R&D. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II.