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Alkermes’ schizophrenia/bipolar disorder candidate ALKS–3831 weight gain data will be at the forefront of a 9 October FDA Advisory Committee (AdCom) meeting, but how the panel members will evaluate it is up for debate, as reported by William Newton, Pharma Writer for the Investigative News team at GlobalData, a leading data and analytics company. Newton comments: “The AdCom will question whether ALKS–3831, which is a combination of an opioid antagonist […]
COVID-19 triggers emerging wave of bankruptcy filings in multiple sectors
COVID-19 has triggered several liquidation and bankruptcy filings as top companies seem to have fallen into financial limbo. Poor financial management and slower digital transitions have particularly impacted retailers, and, there have been rising cases of physical retailers defaulting rent payments. The sectors with the most insolvency filings are retail (32%), oil and gas (30%), […]
Apple’s ‘Time Flies’ event will reinforce its dominance in the smartwatches theme that will be worth $64bn by 2030
Apple’s ‘Time Flies’ event is shortly expected to unveil a new Apple Watch, along with a cheaper entry-level device, which should ensure the company maintains its dominance ahead of the competition, says GlobalData, a leading data and analytics company. Rupantar Guha, Associate Project Manager for Thematic Research at GlobalData, comments: “Apple had a 60% share […]
German Armed Forces new rifle selection is a blow to Heckler & Koch
Following the recent announcement by German Media that the country’s Ministry of Defense selected the C.G. Haenel MK556 as its new assault rifle; Stelios Kanavakis, Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the decision: “This announcement comes as a surprise considering Heckler & Koch’s (H&K) historically leading position […]
Physical stores still necessary to secure New Look’s future despite boohoo acquisition rumours
Following the news that the boohoo group is reportedly considering an offer for New Look; Chloe Collins, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “New Look has had a troublesome few years, with its share of the UK clothing market steadily declining from 2.6% in […]
New M&S ranges warmly received at flourishing Ocado
Following today’s release of Ocado Q3 figures for 2019/20, Thomas Brereton, Senior Retail Analyst at GlobalData, a leading data and analytics company, comments: “Ocado Retail’s hearty quarterly revenue growth of 52.0% is undoubtedly impressive, demonstrating a notable uplift on its comparable H1 results (retail revenue +27.2%) with the business ardently trying to increase capacity to cope […]
Despite the approval of New Look’s CVA, other retailers should not expect landlords to agree to turnover-linked rents
Following the news that New Look’s CVA has been approved, Chloe Collins, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view on the situation: “Approval of New Look’s CVA will set a precedent for other retailers to suggest turnover-linked rent agreements for their struggling estates in the wake of COVID-19. However […]
Verizon needs Tracfone to round out its wireless value proposition
Following the recent news that Verizon has agreed to acquire Tracfone from América Móvil in a deal valued at nearly $7bn; Tammy Parker, Senior Analyst at GlobalData, a leading data and analytics company, offers her view on the transaction: “Verizon has long needed a secondary brand and value proposition that it can use to serve […]
Global cooperation necessary for transitioning to circular plastic economy
Extensive dependency on a non-biodegradable material has led to steady accumulation of plastic waste over the last several decades. This necessitates formulation of a sustainable and environment-friendly approach to develop a circular plastic economy for production and disposal of this ubiquitous material, says GlobalData, a leading data and analytics company. GlobalData’s latest thematic report, ‘Circular […]
Poland’s ambitious amendments to PEP40 is strong enough to expedite the shift from coal power
A combination of rising carbon emission costs, the EU’s ambitious climate policies and the impact of COVID-19 is encouraging Polish authorities to expedite its energy transformation. The upgraded energy strategy, currently awaiting government approval, demonstrates the country’s desire to decay coal-based generation’s share in electricity generation, with investment pointed towards atomic and offshore wind project […]
Global deal activity witnessed marginal growth in August
The number of deals announced globally mostly remained relatively steady in August compared to the previous month while deal volume increased marginally by 1% from 6,423 in July to 6,488 in August, according to GlobalData’s deals database. An analysis of GlobalData’s Financial Deals Database revealed that the deal volume during the month remained above average […]
Despite crowded CKD-HPT market, Shield Therapeutics remains committed to PT20 following positive Phase IIb results
Phase IIb results were published in July for Shield Therapeutics’ oral iron-based phosphate binder PT20 for the treatment of hyperphosphatemia (HPT) in dialysis-dependent chronic kidney disease (CKD) patients. Although the CKD-HPT market has several marketed treatments available, PT20 has the potential to capture a slice of the HPT market by targeting dialysis-dependent patients who are […]
Roche’s Ocrevus confirm its strong position of highly efficacious drug in the MS landscape
Following the publication of new positive data from the Phase IIIb CASTING trial of Roche’s Ocrevus (ocrelizumab) in patients with relapsing-remitting multiple sclerosis (RRMS); Alessio Brunello, Managing Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “Roche’s Ocrevus has several notable clinical attributes that support its strong market uptake, including high […]
Amarin’s positive ESC data may boost Vascepa’s EU marketing efforts amid US generic entry threat
Amarin Corporation recently presented final results from the EVAPORATE trial in which Vascepa (icosapent ethyl) reduced patients’ coronary plaque by 17% compared to placebo following 18 months. The newly presented results can be leveraged to reinforce physician education and maximize revenue opportunity in the EU where Amarin is not facing imminent market exclusivity loss, according to GlobalData, a […]
UK construction output will contract by 10.3% in 2020
Following the release of data from the Office for National Statistics (ONS) showing a strong increase in construction output in July; Moustafa Ali, Economist at GlobalData, a leading data and analytics company, offers his view on the outlook for the UK construction industry: “UK construction output continued its recovery in July, with output increasing by […]
Boeing’s 737 MAX remains primary concern despite Dreamliner issues
Following the news that the Federal Aviation Administration is reportedly investigating potential defects in Boeing’s 787 Dreamliner production; Harry Boneham, Associate Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation: “Despite this new reported investigation, the global recertification of the 737 MAX must remain Boeing’s priority. […]
Online and trade drive sales and profit growth at Games Workshop
Fantasy miniature specialist Games Workshop today revealed a 15.4% increase in sales to £90m for the three months to 30 August 2020 compared to the same period last year. Alex Hardy, Retail Analyst at GlobalData, a leading data and analytics company, offers his view on this news; “While other retailers have used online to mitigate […]
Travel & tourism sector witnessed 4.5% growth in deal activity during August
A total of 115 deals were announced in the global travel and tourism sector during August 2020, which is an increase of 4.5% over 110 deals announced during the previous month, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “August marks the third consecutive month of growth […]
Global oil and gas contracts activity continued downtrend during Q2 2020
The global oil and gas industry has witnessed a continual slowdown in the number of oil and gas contracts, as companies are finding it difficult to proceed further due to stressed capital, crude oil prices decline and operational challenges due to the COVID-19 outbreak, says GlobalData, a leading data and analytics company. The oil and […]
South Africa’s construction sector suffers worst quarterly slide
Following the release of construction output data for South Africa by Statistics South Africa, which revealed a sharp decline in output; Yasmine Ghozzi, Economist at GlobalData, a leading data and analytics company, offers her view on the outlook for South Africa’s construction sector: “In line with GlobalData’s expectations of a sharp decline in construction output […]