Clarivate Plc Stock Price, News & Analysis

Clarivate Plc (NYSE: CLVT) has announced the winners of its 2021 Revenue Cycle Awards, recognizing healthcare organizations for outstanding performance in revenue cycle KPIs. Winners include Liberty Hospital, four Ardent Health Services hospitals, University of Iowa Hospitals & Clinics, and Novant Health. These organizations showcased resilience amid challenges from the COVID-19 pandemic, improving efficiency and patient experience. Key achievements were noted in metrics like collection rates, billing accuracy, and staff engagement. The awards program aims to highlight exemplary revenue cycle management in the healthcare sector.

Clarivate Plc (NYSE:CLVT) announces the launch of a Global Research Report detailing the research landscape in eleven Central European countries. The report highlights a strong growth in research output, with these nations producing approximately 4% of global papers from 2016 to 2020, a doubling since 1990. Notably, Estonia and Latvia exhibit high international collaboration rates, reaching around 70%. The findings suggest that EU accession has positively influenced research funding and output.

Clarivate Plc (NYSE: CLVT) has launched a resource center to support displaced researchers from Ukraine. This initiative includes over 200 ProQuest Books available freely, a program ensuring continued access to the Web of Science for Ukrainian institutions, and the RapidILL interlibrary loan system for academic resources. This follows Clarivate's decision to cease commercial activities in Russia. The resource center aims to enhance knowledge and understanding of Ukraine while providing critical support for research and discovery.

Clarivate Plc (NYSE: CLVT) has released a report titled Walking the talk on patient centricity, highlighting the importance of personalized patient engagement in life sciences. The report identifies four pillars essential for achieving patient centricity: data inputs, patient involvement, a customer experience approach, and a real-world mindset. It stresses the urgency for life science companies to adapt to this trend for better drug and service outcomes, particularly post-COVID-19. Understanding patient needs is crucial for driving value for both patients and investors.

Clarivate Plc (NYSE: CLVT) released its Biopharma Deals in Review report, showcasing the significant trends in biopharma deal-making for 2021. The report highlights a record 1,968 deals valued at $213.6 billion, with substantial investments in RNA, gene therapies, AI, and oncology. US biotech companies led global capital raising, accounting for 67% of all funds. Notably, oncology deals represented 29% of transactions, with several exceeding $1 billion. This analysis emphasizes the evolving landscape and the growing interest in innovative therapies.

Clarivate Plc (NYSE: CLVT), a global leader in innovation insights, announced its participation in the Bank of America 2022 Information Services Conference. Jerre Stead, Executive Chair and CEO, along with CFO Jonathan Collins, will present on March 17, 2022, at 8:55 AM Eastern Time. A live webcast of the presentation will be accessible via the company's Investor Relations page, with a replay available for 30 days post-event. Clarivate is committed to accelerating innovation and solving complex problems in science and intellectual property.

Clarivate reported strong financial results for Q4 and full year 2021, with revenues of $560.7 million for Q4 (up 23.1%) and $1.88 billion for the year (up 49.7%). Adjusted Net Income soared 20.4% in Q4, reaching $163.2 million, while for the year, it hit $481.7 million, a 66.6% increase. Subscription revenues rose 25.4% in Q4, driven by the ProQuest acquisition. However, the company faced a net loss of $130.4 million in Q4, reflecting a significant increase from the prior year, primarily due to higher interest expenses and warrant adjustments.

Clarivate Plc (NYSE: CLVT) announced it will release its financial results for Q4 and the full year 2021 on March 10, 2022, prior to market opening. The earnings supplement will be available on its investor website at ir.clarivate.com. A conference call and webcast will be held on the same day at 9:00 AM Eastern Time to discuss the results. Investors can join the live audio broadcast by calling specific numbers for the US, Canada, and international participants. A replay will be accessible until March 23, 2022.