• Sensex   31605.22   995.92  sensex_up_arr
  • Nifty   9314.95   285.90   sensex_up_arr
  • Bank Nifty   18710.55   7.28   sensex_up_arr
  • BSE Midcap   11467.83   0.54  sensex_up_arr
  • USDINR   75.89   0.01   sensex_up_arr
Hot Pursuit
Home >> Markets >> Equity >> News >> Hot Pursuit Detailed News
Suven Life tumbles after SUVN-502 misses target in phase-2 trial
(14:47, 02 Dec 2019)
As part of the study, Suven Life tested the drug as a unique triple combination with Donepezil and Memantine on 564 Alzheimer's Disease (AD) patients in the US for at least one year. The trial compared the efficacy and safety of two doses of Masupirdine (50 mg and 100 mg per day) to placebo in moderate AD patients.

Triple therapy of Masupirdine (SUVN-502) with Donepezil and Memantine proof of concept phase 2 study missed its pre-specified primary endpoint.

We are very disappointed with the outcome of this trial but the findings present an important step forward in further exploration of the potential therapeutic effects of Masupirdine (SUVN-502) in Alzheimer's Disease (AD) and Behavioral & Psychological Symptoms in Dementia (BPSD). We will work with regulators and potential partnering companies in the design and conduct of future studies for further exploration of the potential of Masupirdine (SUVN-502), said Venkat Jasti, CEO of Suven.

The announcement was made on Saturday, 30 November 2019.

Meanwhile, the S&P BSE Sensex was up 1 point or flat at 40,794.34.

In the past one month, shares of Suven Life Sciences fell 4.64% to its current market price of Rs 268.05, underperforming the Nifty Pharma index's 2.14% rise in the same period.

On the technical front, the stock's RSI (relative strength index) stood at 37.148. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock was currently trading below its 50-day moving average (DMA) placed at Rs 285.97, but above its 200 DMA placed at Rs 262.43.

Suven Life Sciences' consolidated net profit surged 1,535.90% to Rs 63.31 crore on 206.4% surge in net sales to Rs 274.31 crore in Q2 September 2019 over Q2 September 2018.

Suven Life Sciences is engaged in the business of manufacture and sale of bulk drugs and intermediaries.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     326.65   Up   11.05 (3.50%)   Asian Paints Ltd     1,619.45   Down   -10.40 (-0.64%)   Axis Bank Ltd     387.00   Up   45.70 (13.39%)   Bajaj Auto Ltd     2,580.55   Up   15.70 (0.61%)   Bajaj Finance Ltd     1,936.45   Up   107.45 (5.87%)   Bajaj Finserv Ltd     4,258.05   Up   160.80 (3.92%)   Bharat Petroleum Corporation Ltd     329.45   Up   16.30 (5.21%)   Bharti Airtel Ltd     563.10   Up   3.85 (0.69%)   Bharti Infratel Ltd     216.70   Up   8.55 (4.11%)   Britannia Industries Ltd     3,220.30   Up   56.45 (1.78%)   Cipla Ltd     633.05   Up   5.35 (0.85%)   Coal India Ltd     130.80   Up   3.55 (2.79%)   Dr Reddys Laboratories Ltd     3,883.00   Up   18.70 (0.48%)   Eicher Motors Ltd     14,966.95   Up   161.85 (1.09%)   GAIL (India) Ltd     88.60   Up   0.45 (0.51%)   Grasim Industries Ltd     566.65   Up   34.00 (6.38%)   HCL Technologies Ltd     530.95   Up   6.95 (1.33%)   HDFC Bank Ltd     903.65   Up   51.25 (6.01%)   Hero Honda Motors Ltd     2,175.65   Up   62.00 (2.93%)   Hindalco Industries Ltd     133.30   Up   4.20 (3.25%)   Hindustan Unilever Ltd     1,998.10   Up   20.30 (1.03%)   Housing Development Finance Corporation Ltd     1,570.40   Up   68.25 (4.54%)   ICICI Bank Ltd     318.85   Up   26.15 (8.93%)   Indian Oil Corporation Ltd     77.55   Up   0.40 (0.52%)   IndusInd Bank Ltd     368.95   Up   20.75 (5.96%)   Infosys Technologies Ltd     705.45   Up   24.90 (3.66%)   ITC Ltd     192.15   Up   0.45 (0.23%)   JSW Steel Ltd     184.80   Up   8.55 (4.85%)   Kotak Mahindra Bank Ltd     1,217.55   Up   64.35 (5.58%)   Larsen & Toubro Ltd     850.85   Up   25.30 (3.06%)   Mahindra & Mahindra Ltd     432.50   Up   3.35 (0.78%)   Maruti Suzuki India Ltd     5,244.40   Down   -1.75 (-0.03%)   Nestle India Ltd     16,716.50   Up   61.35 (0.37%)   NIFTY (S&P CNX)     9,314.95   Up   285.90 (3.17%)   NTPC Ltd     94.70   Up   1.70 (1.83%)   Oil & Natural Gas Corpn Ltd     77.95   Up   0.95 (1.23%)   Power Grid Corporation of India Ltd     157.15   Down   -0.20 (-0.13%)   Reliance Industries Ltd     1,445.55   Up   21.50 (1.51%)   Shree Cement Ltd     20,477.55   Down   -189.75 (-0.92%)   State Bank of India     158.60   Up   7.20 (4.76%)   Sun Pharmaceuticals Industries Ltd     450.90   Down   -8.25 (-1.80%)   Tata Consultancy Services Ltd     2,005.30   Up   62.30 (3.21%)   Tata Motors Ltd     84.55   Up   1.45 (1.74%)   Tata Steel Ltd     287.95   Up   7.50 (2.67%)   Tech Mahindra Ltd     523.75   Up   3.30 (0.63%)   Titan Company Ltd     885.85   Down   -6.90 (-0.77%)   UltraTech Cement Ltd     3,727.40   Down   -58.60 (-1.55%)   UPL Ltd     387.80   Up   20.75 (5.65%)   Vedanta Ltd     87.90   Down   0.00 (0.00%)   Wipro Ltd     201.25   Up   12.45 (6.59%)   Zee Entertainment Enterprises Ltd     164.45   Down   -0.75 (-0.45%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com

Want Us to Call You?