Clarivate Plc reports developments in data, analytics and workflow software for academia and government, intellectual property, and life sciences and healthcare. Its news commonly covers earnings, subscription and recurring revenue trends, cash flow and leverage actions, and progress under its operating improvement initiatives.
Company updates also focus on AI-enabled research and decision-support products, including Web of Science Research Intelligence, Nexus Connect, Cortellis Regulatory Intelligence, Derwent-based patent analytics and other Clarivate data assets. Recurring announcements address institutional research intelligence, academic library workflows, regulatory intelligence for life sciences teams, intellectual property benchmarks and investor conference appearances.
Clarivate plc (NYSE: CLVT) filed amendments to its 2020 Form 10-K and 2021 Form 10-Qs, correcting an error related to equity plan treatment in the CPA Global acquisition. The amendments restate financial results affecting income, tax provisions, net income, and shareholders' equity but do not alter GAAP revenues or key non-GAAP metrics. The revised guidance for 2022 projects revenues of $2.8B-$2.88B, adjusted EBITDA of $1.16B-$1.22B, and an organic growth rate of 6.5%. The company anticipates reporting the 2021 financial results in early March.
Clarivate Plc (NYSE:CLVT) released a report from its Institute for Scientific Information™, proposing a new method for analyzing credit attributed to academic authors via citations. As the number of collaborative research papers grows, existing credit analysis methods can become skewed. The report introduces the 'Collaborative CNCI' (Collab-CNCI) to address this issue. It emphasizes that this innovation aims to improve acknowledgment of research achievements and enhance global research collaboration. The report invites feedback from research users to evaluate Collab-CNCI's benefits compared to existing metrics.
The Patent Trend Report 2022 from Clarivate reveals a strong correlation between patent strategy and innovation, with 75% of organizations stating that patents drive further innovation. Over the past year, 69% of patent portfolios have increased, primarily due to higher budgets and executive engagement. Challenges include a lack of C-suite involvement, with 45% of respondents reporting missed opportunities. Many organizations are considering outsourcing their patent activities more, with 44% planning to increase outsourcing in the next year. The report highlights the potential of technology and AI in enhancing patent strategy.
Clarivate plc (NYSE: CLVT) announced a leadership change with Gordon Samson appointed as Chief Product Officer, effective February 1, 2022. He will focus on enhancing customer solutions across Clarivate’s verticals. Mukhtar Ahmed, the outgoing President of the Science Segment, will assist during the transition until April 1, 2022, and will remain in an advisory position until his departure on October 1, 2022. This change aims to prioritize customer-centric strategies and growth in product innovation, furthering Clarivate's One Clarivate Vision.
Clarivate Plc (CLVT) released its annual Drugs to Watch™ report, identifying seven late-stage drugs predicted to exceed $1 billion in annual sales by 2026. Key therapies include treatments for Alzheimer’s, asthma, and type 2 diabetes. The report highlights advancements in drug development despite COVID-19 disruptions, focusing on areas like mRNA, CRISPR, and AI-driven discovery. The report underscores the importance of innovative therapies in addressing significant healthcare challenges and the potential market impact of these drugs.
Clarivate Plc (NYSE:CLVT) has acquired Patient Connect, enhancing its patient engagement capabilities. This acquisition enables Clarivate to deliver advanced clinical messaging to physicians and pharmacists, improving patient outcomes. Patient Connect reaches 834,000 physicians and 600,000 pharmacists globally, serving over 1 billion patients. Clarivate aims to leverage Patient Connect’s solutions to provide comprehensive, real-world data insights across Europe, the US, Asia-Pacific, and Latin America, thereby accelerating healthcare innovation and supporting life sciences organizations in informed decision-making.
Clarivate Plc (NYSE:CLVT) collaborated with KAIST Innovation Strategy and Policy Institute to release a report analyzing the global AI innovation landscape. The report highlights AI's transformative role across industries and emphasizes the importance of quality over quantity in innovation. Key insights reveal that neural networks and machine learning have experienced over 46% growth since 2010, with the U.S. leading in influential AI inventions. The findings suggest that national strategies play a crucial role in developing successful AI ecosystems, impacting future capabilities and economic growth.
Clarivate Plc (NYSE:CLVT) released its annual report identifying key biopharmaceutical trends of 2021. Major highlights include the ongoing impact of COVID-19 on the industry, breakthroughs in Alzheimer's treatments, and the emergence of DNA vaccines.
Despite the pandemic, R&D investments surged, achieving record financing levels. Innovations in artificial intelligence were also noteworthy, with Australia recognizing AI as a patent inventor. The report underscores the resilience of the biopharmaceutical sector in continuing advancements despite external challenges.
Clarivate Plc (NYSE: CLVT), in collaboration with the Chinese Academy of Engineering and Higher Education Press, has released the Engineering Fronts 2021 report, identifying 93 engineering research fronts and 93 development fronts across nine fields, including mechanical, chemical, and information engineering. The report highlights 28 key engineering research and development areas crucial for future innovation. Jeremy Lawson from Clarivate emphasized the importance of this report in guiding global engineering research, while CAE's Zhong Zhihua acknowledged its role in shaping academic direction.
Clarivate Plc (CLVT) and the Chinese Academy of Sciences released the "Research Fronts 2021" report, identifying 171 research fronts, including 110 hot and 61 emerging areas across sciences and social sciences. Notably, a third of these fronts relate to COVID-19, highlighting their critical role in combating the pandemic. This marks the eighth consecutive year of collaboration between Clarivate and CAS, showcasing their commitment to enhancing research insights. The report also indicates that the US leads in research performance, closely followed by China.