EPO Awards 3 Patents to 3 Suven Drugs

SuvenAs has been confirmed by the company, drug-maker Suven Life Sciences has been awarded patents by the European Patent Office for as many as 3 of its chemical entities, used in drugs which are mainly for treatment of nerve disorders.

"The company gets three patents -- EP1537113, EP1704154 and EP1856132 and the said are valid until 23, and 24, 2022, respectively", Suven said in its official filing to the Bombay Stock Exchange.

It has been confirmed that the patent granted to drugs include therapeutic agents much useful in the treatment of many serious nervous conditions like Alzheimer’s, Parkinson's, and schizophrenia, which lead to degeneration of the nervous system.

"We are very pleased by the grant of these patents to Suven by EPO for our pipeline of molecules in central nervous system arena that are being developed for cognitive disorders", said Suven CEO Venkat Jasti.

With the latest patents, Suven now has a total of 7 granted patents on its new chemical agents. The patents make the entities exclusive intellectual property of Suven, which, as shared by the company, have been achieved through the firm's internal discovery research efforts.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.