SUVENPHAR

** Suven Pharmaceuticals SUVH.NS jumps 7.3% to 1,125.2 rupees; set for biggest one-day pct gain since June 27, 2024

** Q3 consol net profit surges 77% y/y, boosted by strong demand in its contract manufacturing business; rev up 40%

** Stock set to snap four straight days of declines

** More than 2.6 mln shares traded, over 12x the 30-day avg

** SUVH gained 57% in 2024

(Reporting by Aleef Jahan in Bengaluru)

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Jan 1 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• SUVEN PHARMACEUTICALS LTD - CASPER PHARMA DISSOLVED AND AMALGAMATED WITH SUVEN PHARMACEUTICALS

Source text: ID:nBSE8lpNr3

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Sept 19 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• VAIDHEESH ANNASWAMY DECIDED TO STEP DOWN AS EXECUTIVE CHAIRPERSON

• NAMES VIVEK SHARMA AS EXECUTIVE CHAIRMAN

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Aug 9 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• SUVEN PHARMACEUTICALS LTD JUNE-QUARTER CONSOL NET PROFIT 607.7 MILLION RUPEES

• SUVEN PHARMACEUTICALS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.31 BILLION RUPEES

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** Shares of Suven Pharmaceuticals Ltd SUVH.NS up 4.9% at 700.50 rupees

** Contract drug manufacturer acquires smaller peer Sapala Organics for 2.3 billion rupees ($27.5 million) to bolster its contract and development manufacturing services (CDMO) business

** Earlier this year, SUVH merged with another CDMO firm, Cohance

** Sapala's "robust" margin profile and strong presence in Japan among key reasons for acquisition - SUVH presentation

** Over 305,000 shares traded, 1.6x 30-day avg volume

** Stock trims YTD losses to 4.3%, trails pharma stocks' .NIPHARM ~18% rise

($1 = 83.5300 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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June 13 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• EXECUTED DEFINITIVE AGREEMENTS FOR ACQUIRING 100% OF SHARES IN SAPALA ORGANICS

• DEAL FOR 2.3 BILLION RUPEES

• CO AGREED TO INITIALLY ACQUIRE 67.5% BY WAY OF SECONDARY TRANSFER FROM SAPALA ORGANICS EXISTING SHAREHOLDERS

Source text for Eikon: ID:nBSE3qYcqh

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** Shares of Suven Pharmaceuticals Ltd SUVH.NS fall as much as 4.8% to 602 rupees, their lowest since March 18

** Co reported a ~57% fall in its fourth-quarter consol net profit to 533.7 mln rupees ($6.4 mln), while rev fell 31.5% Y/Y

** "Revenue growth was impacted by shipment delays caused by client-specific inventory de-stocking," co said in a statement

** Stock on track to fall for the second straight day

** More than 581,000 shares traded as of 11:56 a.m. IST, 4.8x their 30-day moving avg

** SUVH last down 1.6%, adding to YTD losses of ~14.4%

($1 = 83.2875 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of Suven Pharmaceuticals SUVH.NS up 12% in heavy volumes

** Stock eyes best day in more than 3 years

** Contract drug maker said it will merge with privately held Cohance Lifesciences in an all-stock deal to boost its contract and development manufacturing services (CDMO) business

** Trading volume tops 3 mln shares, more than 10x the 30-day moving avg

** Thursday's gains trim YTD losses to 2.5%; stock surged 46% in 2023

(Reporting by Kashish Tandon in Bengaluru)

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HYDERABAD, Feb 29 (Reuters) - Indian contract drug manufacturer Suven Pharmaceuticals SUVH.NS said on Thursday it will merge with Cohance Lifesciences in an all-share deal, as it looks to further scale up its contract and development manufacturing services (CDMO) business.

The company, however, did not mention the deal value.

Under the deal, all shareholders of privately held Cohance will be issued 11 shares of Suven for every 295 shares of Cohance based on the swap ratio, Suven said on Thursday.

Private equity firm Advent International wholly owns Cohance and has a significant stake in Suven Pharma, which was demerged from its parent entity Suven Life Sciences SUVP.NS in 2020.

The combined entity, which Advent has been looking to merge since 2022, will be 66.7% owned by Advent's entities and the remaining 33.3% will be held by public shareholders, the company said.

The merged platform will comprise three distinct business units - contract drug manufacturing of pharmaceuticals, specialty chemicals and active pharmaceutical ingredients (API), which are key elements added to drugs to produce desired health effects.

"Cohance's addition, particularly its fast-growing ADC (antibody-drug conjugates used in treating cancer) platform, reinforces our position as a leading CDMO platform," Suven said.

The addition of Cohance's API business will scale up Suven's formulation business, according to the company.

India's contract drug manufacturers are seeing a boost in their business as global pharmaceutical companies are looking for services outside of China in an attempt to diversify their supply chain.

"Proposed merger expected to be double-digit EPS accretive (without synergies) from first year of it being effective," Suven said.

The transaction is expected to conclude over the next 12-15 months subject to shareholder regulatory approvals, the company said.

($1 = 82.8699 Indian rupees)

(Reporting by Rishika Sadam; Editing by Shweta Agarwal)

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** Shares of Suven Pharmaceuticals SUVH.NS up 1.4% at 673.85 rupees

** Co says two facilities have completed U.S. FDA inspections and no Form 483 was issued; form is issued when violations are observed, per FDA website

** Stock on track to end four-day losing streak if trend holds

** Stock surges as much as 5.2% to its highest level in a month

** Since slumping on Feb. 6 after Q3 profit drop, stock has regained 9.4%

(Reporting by Varun Vyas in Bengaluru)

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Feb 23 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• SUVEN PHARMACEUTICALS LTD - COMPLETION OF PRE-APPROVAL INSPECTIONS (PAI) AND GOOD MANUFACTURING PRACTICES (GMP) INSPECTIONS BY USFDA

• SUVEN PHARMACEUTICALS LTD - NO FORM 483 HAS BEEN ISSUED AS A RESULT OF THE INSPECTION

• SUVEN PHARMACEUTICALS LTD - API FACILITIES IN PASHAMYLARA COMPLETED PRE- APPROVAL INSPECTIONS AND GOOD MANUFACTURING PRACTICES INSPECTIONS

• SUVEN PHARMACEUTICALS LTD - INSPECTIONS BY US FOOD & DRUG ADMINISTRATION

Source text for Eikon: ID:nBSE62GhBW

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** Shares of Suven Pharmaceuticals SUVH.NS fall as much as 10.4% to 585.2 rupees, lowest level since Nov. 20

** The pharma co said on Monday its Q3 net profit more than halved to 523.6 mln rupees ($6.3 mln), rev from ops slipped ~39% Y/Y

** More than 665,000 shares change hands, 3.5x its 30-day avg

** Stock fell ~7% in January, snapping eight consecutive monthly gains

($1 = 83.0380 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Dec 21 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• APPOINTMENT OF HIMANSHU AGARWAL AS CHIEF FINANCIAL OFFICER

• SUBBA RAO PARUPALLI WILL CEASE TO BE CFO

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** Suven Pharmaceuticals SUVH.NS shares 3.6% to 615 rupees, their highest since April 29, 2022

** Stock set for fourth straight day of gains, during which it has risen nearly 6%

** Stock has now gained 8.4% since the company posted results on Nov. 9

** Since then, the stock has also traded above its 50- ,100- and 200-day daily moving averages

** More than 380,000 shares traded by 1.28 p.m. IST, 1.4x the 30-day avg

** Stock up nearly 22% YTD, set for its best on-year gain since listing

(Reporting by Aleef Jahan in Bengaluru)

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Nov 9 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• INDIA'S SUVEN PHARMACEUTICALS LTD SEPT-QUARTER CONSOL NET PROFIT 795.6 MILLION RUPEES VERSUS 720.6 MILLION RUPEES YEAR AGO

• SUVEN PHARMACEUTICALS LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.31 BILLION RUPEES VERSUS 2.78 BILLION RUPEES YEAR AGO

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Sept 29 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• NAMED VETUKURI VENKATA NAGA KALI VARA PRASADA RAJU AS MD

• NAMED SUDHIR KUMAR SINGH AS CEO

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Sept 26 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• MINISTRY OF CHEMICALS AND FERTILIZERS GRANTED APPROVAL FOR ACQUISITION OF UP TO 76.1% STAKE IN CO BY BERHYANDA

Source text for Eikon: ID:nBSE4NXqmJ

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Sept 13 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• CABINET APPROVES FOREIGN INVESTMENT OF UP TO 95.89 BILLION RUPEES IN SUVEN PHARMACEUTICALS LIMITED - INDIA GOVERNMENT

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Aug 8 (Reuters) - Suven Pharmaceuticals Ltd SUVH.NS:

• SUVEN PHARMACEUTICALS LTD JUNE-QUARTER CONSOL NET PROFIT 1.21 BILLION RUPEES VERSUS 1.08 BILLION RUPEES

• SUVEN PHARMACEUTICALS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.48 BILLION RUPEES VERSUS 3.39 BILLION RUPEES

Source text for Eikon: ID:nNSE53prfb

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April 20 (Reuters) - India Government:

• INDIA COMPETITION REGULATOR APPROVES ACQUISITION OF 76.10% STAKE IN SUVEN PHARMACEUTICALS BY BERHYANDA LIMITED

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