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Cassava Sciences recently announced that the Food and Drug Administration (FDA) had denied a Citizen Petition and associated supplements filed by investors questioning the credibility of positive data from the company’s Phase IIb trial (NCT04079803) of late-stage Alzheimer’s disease (AD) asset, simufilam. Despite this win for the company, simufilam still has further hurdles to face […]
Skoda production cuts sound Ukraine and Russia risk warnings, says GlobalData
Following the news that VW Group owned brand Skoda is planning to trim production of the Enyaq iV model due to a shortage of components supplied from Ukraine; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The crisis in Ukraine will be causing disruption to economic activity in […]
Moderna’s vaccine could help prevent multiple sclerosis, says GlobalData
Following the recent discovery that infection with Epstein-Barr virus increases risk of developing multiple sclerosis (MS) by 32-fold, GlobalData highlights that there are currently 15 Epstein-Barr vaccines in development. Of these, the leading data and analytics company notes that Moderna’s mRNA-1189 is one of the most promising because it is being developed by a successful […]
Leading international oil companies are skipping blue hydrogen, with 87% of the pipeline capacity coming from green projects, says GlobalData
Leading international oil companies (IOCs) are restructuring their businesses to adopt new energy transition technologies such as low carbon hydrogen to become integrated energy providers, says GlobalData. The leading data and analytics company notes that, as interest in hydrogen increases, top integrated oil companies have so far announced projects to produce over 2.9 million tonnes […]
Sanofi’s Dupixent could potentially change the treatment paradigm for eosinophilic esophagitis, says GlobalData
Sanofi submitted its Dupixent (dupilumab) data for eosinophilic esophagitis (EoE) to the Food and Drug Administration (FDA) on February 28, just a couple of weeks after the discontinuation of Takeda’s Eohilia (budesonide oral suspension) after it failed to gain an FDA approval. If successful, Dupixent will be the first to market for EoE and will […]
FCA pricing rules will make it harder for insurers to win new business, says GlobalData
The difference between the lowest average and the highest average (of the 10 cheapest) quotes provided by the four leading price comparison websites (PCWs) has diminished significantly in 2022 since the new FCA pricing rules were introduced, according to research by GlobalData, the leading data and analytics company. Benjamin Hatton, Insurance Analyst at GlobalData, comments: […]
Metaverse is the talk of the town with significant interest and investment, but the promises outweigh the reality, says GlobalData
Mentions of the metaverse have shot up since Zuckerburg’s announcement that Facebook is changing its name and pivoting to the metaverse. This has sparked not only heavy investment and interest, but also a proliferation of mostly theoretical use cases. Companies are also getting into the action with largely performative actions like buying so-called digital real […]
COVID-19 boosts adoption of virtual reality in the oil and gas industry, says GlobalData
The COVID-19 pandemic triggered a shift to remote working, which has boosted the adoption of virtual reality (VR) by oil and gas companies for training, collaboration, and data visualization, says GlobalData. The leading data and analytics company notes that this shift will persist even though most employees have now returned to offices. Ravindra Puranik, Oil […]
Concerns over disinformation will negatively impact Russian tech, media, and telecom companies in Western markets, according to GlobalData
Disinformation is a key theme for tech, media, and telecom (TMT) companies caught in the crossfire as tensions mount between Russia and the West, with Russian businesses already being punished for aiding the spread of disinformation, according to GlobalData, a leading data and analytics company. The EU has banned RT and Sputnik, and the UK […]
Early-stage funding rounds continue to dominate having registered 52.6% Y-o-Y growth in 2021, finds GlobalData
Early-stage funding rounds* continued to dominate the global venture capital (VC) funding landscape during 2021, according to GlobalData, which notes that there were 6,448 Seed and 5,769 Series A financing rounds announced during the year — 12,217 in total. The leading data and analytics company also highlights that the number of these deals has increased […]
London’s tourism industry to see boost from £10 million campaign but COVID-19 challenges remain, says GlobalData
London’s tourism sector will benefit from the planned multi-million-pound campaign to drive visitors to the city, says GlobalData. However, the leading data and analytics company notes that the tourism industry remains in a precarious position as a result of the COVID-19 pandemic. Hannah Free, Travel and Tourism Analyst at GlobalData, comments: “London’s tourism industry has […]
Microsoft is named the highest value creator of 2021 while Alibaba sees most loss in value, says GlobalData
GlobalData’s Company Profiles Database reveals that Microsoft gained the most market value in 2021, rising by $843.5 billion to reach $2.5 trillion, while Alibaba saw the biggest loss, with a drop to $322.9 billion after a loss of around $307 billion in 2021. Parth Vala, Company Profiles Analyst at GlobalData, comments: “In October 2021, Microsoft […]
Global deal activity in 2022 starts on a slower note with 19.5% month-on-month decline in January, says GlobalData
A total 4,845 mergers & acquisitions (M&A), private equity, and venture financing deals were announced globally during January 2022, which represents a decline of 19.5% over the 6,020 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database has revealed that all regions […]
Russia’s economy could be negatively impacted if banned from SWIFT, says GlobalData
Following the news that Russia could be banned from the international messaging system SWIFT; Chris Dinga, Payments Analyst at GlobalData, a leading data and analytics company, offers his view: “Banning Russia from SWIFT would negatively impact the Russian economy as it would be difficult for Russia to complete any international transactions. Though banning Russia will […]
US-based start-ups raised US$22.1 billion in VC funding during January 2022, finds GlobalData
The US gained the highest amount of venture capital (VC) funding for start-up companies in January, according to GlobalData—reaching a total of US$22.1 billion. The leading data and analytics company notes that 641 VC funding deals were announced in the country, with an average value of US$34.5 million. The US accounted for 34.2% of total […]
Russian invasion of Ukraine likely to see increase in defense spending among NATO members, says GlobalData
Following today’s news (24 February) that Russia has launched a multipronged invasion of Ukraine; Daniel Morris, Lead Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Defense spending among many European nations has always fallen short of the desired 2% of GDP that was outlined in the 2006 NATO summit. Only […]
Green hydrogen has potential to be a game changer for the power industry, says GlobalData
Hydrogen’s noteworthy contribution to clean energy transitions makes it a game changer for the power industry, says GlobalData. The leading data and analytics company notes that the power industry can leverage hydrogen’s potential as a cleaner burning alternative to conventional fuels in the evolving hydrogen economy. GlobalData’s report, ‘Hydrogen in Power – Thematic Research’, notes […]
Russia’s systemically important banks could face the heat amid Russia-Ukraine crisis, says GlobalData
Sanctions placed on the top six Russian banks—Bank Rossiya, General Bank, IS Bank, Promsvyazbank, Vnesheconombank and Black Sea Bank*—by the US, the UK and EU will adversely affect Russia’s ability to raise funds, says GlobalData, a leading data and analytics company. The EU has also introduced sanctions on Russia, including freezing assets and placing a […]
$500 million of sport sponsorship and event agreements now at risk following Russia’s invasion of Ukraine, says GlobalData
Following the news that Russia has invaded breakaway territories in Ukraine; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view on how this will impact sport sponsorship and event agreements: “While the Champions League Final, due to take place in St Petersburg, has been the focus over […]
Russia-Ukraine crisis to dampen Russia’s economic growth prospects, says GlobalData
Commenting on the Russia-Ukraine crisis, Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “If the US and its allies impose more rigorous sanctions on Russia, the Russian government’s ability to access financial markets will be hindered. Severe disruptions in trade, investment, and oil production and supply are […]