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) released a Global Research Report analyzing the research landscape of 34 countries in South & Central America, Mexico, and the Caribbean since 1981. The report highlights a rapid growth in academic research output, particularly from South America, with over 25,000 papers published by five leading countries from 2016 to 2020. However, regional collaboration remains low, at about 10%. The report suggests establishing a regional research organization to enhance research capacity and collaboration, echoing successful European models. Key strengths include life sciences, environmental studies, and increasing international collaboration.
Clarivate Plc (NYSE: CLVT) has announced the 2021 Citation Laureates, recognizing 16 elite researchers for their exceptional contributions to science. This year's honorees come from the United States, Japan, France, Italy, Korea, and Singapore, selected based on citation analysis by the Institute for Scientific Information. Only 0.01% of articles indexed in the Web of Science have been cited over 2,000 times, highlighting the significance of these laureates' work. Historical data shows that 59 Citation Laureates have previously received a Nobel Prize.
On September 15, 2021, Clarivate Plc (NYSE: CLVT) announced the release of the 2021 Centre for Medicines Research (CMR) International Pharmaceutical R&D Factbook. The report reveals a 10-year high for new molecular entities (NMEs), with 59 NMEs launched in 2020, indicating resilience amidst the COVID-19 pandemic. The Factbook offers insights on R&D expenditures, cycle times, and pipeline growth, helping pharma companies benchmark their efforts. Notably, CDC approval times remained stable, reflecting a consistent drug development landscape despite pandemic challenges.
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Clarivate Plc (NYSE: CLVT) has announced the pricing of an underwritten public offering of 25,000,000 ordinary shares by affiliated funds of Onex Corporation and Baring Private Equity Asia. The offering is set to close on September 14, 2021, pending customary conditions. An additional 3,750,000 shares may be purchased at the underwriters' discretion. Clarivate will not sell any shares, with proceeds solely benefiting the Selling Shareholders. Citigroup and Barclays are acting as joint book-running managers for this offering.
On September 9, 2021, Clarivate Plc (NYSE: CLVT) announced an underwritten public offering of 25 million ordinary shares, managed by Citigroup and Barclays. The offering includes a 30-day option for underwriters to purchase an additional 3.75 million shares. The proceeds from this offering will be received entirely by the Selling Shareholders, Onex Corporation and Baring Private Equity Asia Group Ltd. The sale will occur under an effective shelf registration statement, and investors are encouraged to review all related documents filed with the SEC for complete information.
Clarivate Plc (NYSE: CLVT) announced that Jerre Stead, Executive Chairman and CEO, along with CFO Richard Hanks, will speak at the Barclays Global Financial Services Conference on September 15, 2021, at 11:15 AM ET. A live webcast will be available on their Investor Relations page, with a replay accessible for 30 days post-event. Clarivate is dedicated to accelerating innovation by providing trusted information and insights to help customers navigate complex problems in science and intellectual property.
On August 19, 2021, Clarivate Plc (NYSE: CLVT) announced the successful settlement of private exchange offers for its outstanding 3.875% Senior Secured Notes due 2028 and 4.875% Senior Notes due 2029. Approximately 92.1% of these notes were tendered, allowing the issuance of new notes totaling around $921 million each. The new notes extend the redemption deadline to April 29, 2022. Additionally, a notice of redemption for untendered notes was sent out, with a redemption date set for August 23, 2021. These offers were conducted without registration under the U.S. Securities Act, targeting eligible holders only.
Clarivate announced the expiration of two private exchange offers for outstanding notes as of August 13, 2021. The offers, which affected the 3.875% Senior Secured Notes due 2028 and 4.875% Senior Notes due 2029, allowed for the exchange of old notes for new notes with an extended redemption date to April 29, 2022. A principal amount of $920,897,000 for the 3.875% notes and $920,349,000 for the 4.875% notes is expected to be accepted. The settlement date is anticipated on August 19, 2021, with no cash proceeds to Clarivate from the exchange.
Clarivate Plc (NYSE: CLVT) has announced an exchange offer for two series of its outstanding notes, totaling $2 billion, as part of its ongoing acquisition of ProQuest. The exchange is in response to a second request for documents from the FTC, extending the acquisition completion date to December 31, 2021. If the acquisition is not finalized by this date, the company may redeem the old notes. The new notes will mirror the old ones, with terms extending up to April 29, 2022, and will mature shortly after the old notes. The exchange offers are set to expire on August 13, 2021.