Welcome to our dedicated page for Clarivate Plc news (Ticker: CLVT), a resource for investors and traders seeking the latest updates and insights on Clarivate Plc stock.
Clarivate Plc (NYSE: CLVT) is a leading global provider of transformative intelligence, offering enriched data, insights, analytics, workflow solutions, and expert services across various sectors including Academia & Government, Intellectual Property, and Life Sciences & Healthcare. Formerly part of Thomson Reuters, Clarivate became an independent company in 2016 and went public on the New York Stock Exchange in 2019. The company is headquartered in London with operations in over 100 countries and a workforce of over 4,000 employees.
Clarivate serves a diverse clientele, ranging from academia, government, law, life sciences, and healthcare. Some of its most trusted brands include Web of Science™, Cortellis™, Derwent™, CompuMark™, MarkMonitor®, and Techstreet™. These brands offer specialized services such as scientific and academic research, patent analytics, pharmaceutical and biotech intelligence, and IP management. Researchers and organizations globally rely on Clarivate's curated knowledge bases to accelerate innovation and bring new ideas to market more efficiently.
Recently, Clarivate has been recognized for its ongoing efforts and achievements. The company has made significant strides in the realm of cancer treatment research, particularly in the area of CAR T-cell therapies. According to a three-part report published by BioWorld™, Clarivate is exploring the rapid pipeline growth and clinical trials in CAR T therapy development in China. This report is part of the company’s commitment to providing valuable insights into groundbreaking treatments and their potential market impacts.
Additionally, Clarivate has launched key updates to its Cortellis CMC Intelligence™ solution, introducing a new post-approval variations module. This update assists pharmaceutical, biotech, and generics companies in streamlining regulatory tracking and optimizing lifecycle management for both small molecules and biologics.
The company also introduced Epidemiology Intelligence™, combining epidemiological data with U.S. claims-based population insights to help biopharma companies accurately gauge market size and target patient demographics. Another significant launch was the Trademark Watch Analyzer, an AI-enhanced trademark protection solution providing faster and more accurate answers to critical business questions by leveraging global trademark and case law data.
Financially, Clarivate reported a slight decrease in revenues for the first quarter of 2024, yet showed resilience and strategic focus on long-term growth. The company continues to invest in product development and operational initiatives to drive future organic revenue growth. Their financial stability is underscored by substantial cash flow and a clear strategy for debt management.
Clarivate’s strategic partnerships, such as the recent collaboration with HealthWise Data, further enhance its offerings by integrating Social Determinants of Health (SDoH) attributes into its Real-World Data repository, contributing to enhanced patient outcomes and healthcare equity.
For more information about Clarivate, its products, and services, visit www.clarivate.com.
Clarivate Plc (NYSE: CLVT) has announced that Richard Roedel will retire from its Board of Directors on December 31, 2024, due to health reasons. Valeria Alberola, a board member since May 2021, is expected to succeed Roedel as Chair of the Audit Committee. Alberola brings over 25 years of global experience in corporate finance, investment banking, sustainable investments, operations, and strategic management consulting.
Alberola previously served as CEO of Zoma Holdings, from January 2019 to March 2024, following her role as COO from 2017 to 2018. She has also held positions as CFO of Bridge Education Group, Inc. and partner at Q Advisors Alberola holds a B.S. in Economics and Business Administration and an M.B.A. from the Kellogg School of Management at Northwestern University.
Clarivate Plc (NYSE: CLVT) has acquired Rowan TELS Corp., the provider of Rowan Patents, an integrated patent drafting and prosecution solution. This strategic move aims to enhance Clarivate's workflow automation solutions beyond its current IP management and intelligence capabilities. The acquisition will enable Clarivate to offer comprehensive, AI-enabled solutions for patent preparation, filing, and prosecution.
The integration of Rowan Patents will help Clarivate advance its strategy to become the central hub for IP management, providing an end-to-end workspace for patent practitioners. This aligns with Clarivate's commitment to simplifying and optimizing IP management in an increasingly competitive global market.
BioWorld, published by Clarivate Plc (NYSE:CLVT), has been honored with nine 2024 APEX Awards for Publication Excellence. This achievement highlights BioWorld's commitment to delivering superior journalistic excellence, data-driven analysis, and cutting-edge digital publishing in the life sciences and healthcare sector.
The awards span various categories, including writing, news, mental health, financial/investment, and economics. Notable wins include Grand Awards in the Writing Category for articles on sepsis testing and spinal cord injury treatment. The recognition underscores BioWorld's leadership in providing important insights into therapeutics development, medical technologies, business deals, and regulatory challenges.
These accolades reflect the BioWorld team's dedication to producing award-winning journalism that resonates with readers and the publishing industry, reinforcing its position as a leader in delivering critical information that drives innovation and improves lives worldwide.
Clarivate Plc (NYSE:CLVT) has announced a partnership with OhioLINK and SearchOhio to develop a new unified library resource sharing experience across Ohio. The collaboration aims to integrate OhioLINK and SearchOhio's existing INN-Reach platforms into a single consortial solution, expected to be implemented by mid-2025.
The new system will provide a seamless user experience for accessing library materials from 45 public library systems and 87 institutions statewide. It will offer an intuitive interface for patrons to discover resources and explore new content, potentially improving learning outcomes. This initiative builds on OhioLINK's 30-year history of leveraging technology for educational support and SearchOhio's commitment to enhancing public library services.
Clarivate Plc (NYSE: CLVT), a global provider of transformative intelligence, has announced it will report its second quarter 2024 financial results on Tuesday, August 6, 2024, before the market opens. The company will release a press release and earnings supplement with financial information on its investor website. Additionally, Clarivate will host a conference call and webcast at 9:00 AM Eastern Time on the same day to review the results. The webcast will be open to all interested parties and may include forward-looking statements.
Clarivate Plc (NYSE:CLVT) has released its annual G20 scorecard, analyzing research and innovation trends across G20 members. The 2024 report, compiled by the Institute for Scientific Information, includes interactive data visualizations and, for the first time, data for the European Union and African Union. Key findings highlight:
- African Union's high collaboration rate and focus on SDGs 1 and 5
- European Union as the largest contributor of papers
- Germany's above-average citation impact and open access publishing
- India's increasing international collaboration
- Mainland China's shifting collaboration patterns
- South Korea's rising collaborations with China and India
- UK's high citation impact and strong international collaboration
- US's strong patent citation impact in various fields
The scorecard aims to provide a comprehensive view of the global research landscape, informing policymakers and research institutions for strategic decision-making.
Clarivate launched a report on the Unitary Patent Court's (UPC) first year of litigation activity. The analysis, based on Darts-ip data, showed consistent monthly infringement filings averaging ten per month. The number of UPC decisions rose 155% in the second half compared to the first half. German divisions dominated infringement cases, with Munich accounting for 37.7%. Six of the top ten plaintiffs were U.S.-based, and major representative firms handled 71.3% of cases. Electrical engineering led in infringement cases with 39.8%, while instruments led in revocation cases at 36%. The ICT industry saw 38.5% of patents asserted before the UPC.
Clarivate has released its MedTech Trends to Watch 2024 report, announcing key trends and challenges in the MedTech sector. Highlighting economic uncertainty, regulatory changes, and supply chain issues, the report also identifies opportunities in AI integration, ambulatory surgical centers, and advancements in technologies like pulsed-field ablation and surgical robotics. The shift from inpatient to outpatient settings for procedures and the impact of GLP-1 receptor agonists are significant. Macro trends such as an aging population and increased healthcare access are driving further innovation and investment. Regulatory changes in Mainland China and supply chain resilience are important areas of focus. The report is based on insights from over 40 analysts covering 80 markets in more than 50 countries.
Clarivate (NYSE: CLVT) released a Global Research Report highlighting the rapid growth in digital health research and innovation. The report, developed by the Institute for Scientific Information (ISI) and the Clarivate Center for IP and Innovation Research, analyzes data from multiple Clarivate portfolios. It reveals a 70-fold increase in digital health academic publications from 2012 to 2022 and identifies nearly 140,000 patent inventions from 2013 to 2022. Key players in the field include organizations like Snap, AstraZeneca, and the Chinese Academy of Sciences. The advancements in AI and digital technologies, such as mobile apps and telemedicine, are driving this growth, improving healthcare delivery and reducing costs. The study builds on initial findings presented at Digital Health 2024 held at Stanford University.
Clarivate Plc (NYSE: CLVT) unveiled the IP Collaboration Hub™ at the 2024 Clarivate Ignite conference in San Diego. This new solution integrates with Clarivate's IP management systems (IPMS), providing a central hub for collaboration with local agents globally. It aims to streamline IP filing and prosecution by automating and standardizing communication management. The hub mitigates risks associated with email reliance and improves efficiency by automatically docketing communications in the IPMS. This launch aligns with Clarivate's strategy to enhance IP lifecycle support and maintain leadership in patent maintenance and IP management software.
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