Suven Life Sciences zooms on randomizing first patient in phase-3 global clinical trial of Masupirdine
Suven Life Sciences is currently trading at Rs. 65.65, up by 4.60 points or 7.53% from its previous closing of Rs. 61.05 on the BSE.
The scrip opened at Rs. 62.75 and has touched a high and low of Rs. 68.60 and Rs. 62.75 respectively. So far 218618 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 94.49 on 13-Jan-2022 and a 52 week low of Rs. 57.10 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 68.60 and Rs. 60.30 respectively. The current market cap of the company is Rs. 1431.65 crore.
The promoters holding in the company stood at 64.98%, while Institutions and Non-Institutions held 0.60% and 34.42% respectively.
Suven Life Sciences has randomized first patient in the Phase-3 global clinical trial of Masupirdine for the treatment of agitation in patients with dementia of the Alzheimer's type. The trial is a multicenter, randomized, double-blind, placebo-controlled study planned across 50 sites in the North America and Europe. The study will enroll around 375 patients who will be randomized in a 1:1:1 ratio to receive masupirdine either 50 mg QD or 100 mg QD or placebo QD for 12 weeks. The primary outcome measure is Cohen-Mansfield Agitation Inventory (CMAI) - Change in the CMAI items score aligning to the International Psychogeriatric Association (IPA) agitation criteria domains from baseline to Week 12. Key secondary outcome measure is modified Alzheimer's Disease Cooperative Study-Clinical Global Impression of Change (mADCS-CGI-C) scale as related to the agitation. Topline data from the trial is expected to be available by early 2025.
Suven Life Sciences provides wide range of Drug Discovery and Development Support Services (DDDSS) to global Pharma and Biotech companies. Suven has state-of-art facilities with highly qualified & experienced team of scientists.