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‘Gemini for Google Workspace’ is fueled by Gemini Google’s most capable set of large language models (LLMs) it has ever built, setting a lead for others to follow, according to research conducted by GlobalData, a leading data and analytics company. Gregg Willsky, Principal Analyst at GlobalData, comments: “‘Gemini for Google Workspace’ represents a significant upgrade […]
Halfords’ profit warning highlights weak retail proposition, says GlobalData
Following the news that Halfords now expects its pre-tax profits to fall in the range of £35m and £40m, significantly below its prior guidance of £48m and £53m: Jamel Boughedda, Associate Analyst at GlobalData, a leading data and analytics company, offers his view: “The retailer had already narrowed its profit guidance in its interim results […]
FDA denial could delay launch of Minerva’s schizophrenia treatment roluperidone by at least two years, says GlobalData
Following the news that the FDA denied approval for Minerva Neurosciences for its roluperidone for the treatment of negative symptoms in patients with schizophrenia; Christie Wong, Neurology Analyst at GlobalData, a leading data and analytics company, offers her view: “The FDA has issued a Complete Response Letter (CRL) for Minerva Neurosciences’ roluperidone. It follows a […]
VC funding for Indian startups plummets by 50.3%YoY to $382.9 million in January 2024, finds GlobalData
Venture capital (VC) funding activity in India experienced a decline both in terms of deal volume and value in January 2024 compared to January 2023. However, the impact was more prominent in terms of value. A total of 77 VC deals were announced in India during January 2024, while the disclosed funding value of these […]
Voluntary pause of epetraborole Phase III enrollment setback for NTM late-stage pipeline, says GlobalData
AN2 Therapeutics recently announced a decision to voluntarily pause enrollment of the Phase III portion of the Phase II/III trial, EBO-301, in light of potentially lower than expected efficacy data obtained from the Phase II trial. EBO-301 (NCT05327803) is a pivotal trial evaluating the orally administered antibiotic epetraborole in patients with treatment-refractory Mycobacterium avium complex […]
Australia’s grant important step for artificial heart development, says GlobalData
The Australian government announced that it is providing a grant of AUD50 million ($33 million) to the Artificial Heart Frontiers Program (AHFP). This program hopes to create an advanced “Total Artificial Heart” by integrating several cutting-edge cardiac technologies, with the goal to halve the number of deaths from heart failure. The grant demonstrates the importance […]
Mother’s Day spend to increase despite UK shoppers trading down, says GlobalData
UK shoppers are set to spend £1.7bn on Mother’s Day this year, a 1.1% increase on 2023, as over half of consumers intend to purchase an item to celebrate the occasion, though price remains a main concern, according to the UK Mother’s Day Intentions 2024 report from GlobalData, a leading data and analytics company. However, […]
Reintroducing tax-free shopping in the UK will aid the recovery of luxury fashion, says GlobalData
Following the news that the UK government is considering reinstating tax-free shopping for tourists: Pippa Stephens, Senior Apparel Analyst at GlobalData, a leading data and analytics company, offers her view: “If the government were to reinstate tax-free shopping for tourists visiting the UK, it would be a welcome relief to brands and retailers across the […]
Robotic surgery devices market to reach $10 billion in 2024, forecasts GlobalData
As the healthcare landscape continues to evolve with technological advancements, the field of robotic surgery and devices is expected to experience unprecedented growth in 2024. The expansion will be driven by a surge in demand for minimally invasive procedures and advancements in robotic technologies. The global market for robotic surgical systems and accessories is projected […]
US businesses and employees face staggering $425.5 billion in economic costs from obesity and overweight in 2023, reveals GlobalData
Obesity and overweight are estimated to have caused a staggering $425.5 billion in economic costs to US businesses and employees in 2023, according to a report released by GlobalData , a leading data and analytics company. GlobalData’s latest report, ‘Assessing the Economic Impact of Obesity on Employers: Identifying Paths Toward Work Force Health and Well-Being,’ […]
Unexpected bid for Currys would enable JD.com to compete with Amazon in the UK, says GlobalData
Following the news that JD.com is in the early stages of making an offer for Currys after the retailer rejected a bid from US investment firm Elliott, leading to Currys’ share price rising by over 30% today; Emily Salter, Lead Analyst at GlobalData, offers her view: “Although Currys’ UK electricals market share has fallen significantly […]
ViiV Healthcare and GSK’s Cabenuva could reduce poor treatment adherence in HIV, says GlobalData
Following the release of positive results for Phase III trial of ViiV Healthcare and GSK’s long-acting injectable antiretroviral treatment (ART) Cabenuva (cabotegravir + rilpivirine); Barbora Salcman, Infectious Disease Analyst at GlobalData, offers her view: “Cabenuva was approved by the FDA in January 2021, as a once monthly or once every other month complete HIV treatment […]
Hong Kong PA&H insurance industry to reach $3.6 billion by 2028, forecasts GlobalData
The personal accident and health (PA&H) insurance industry in Hong Kong is forecasted to grow at a compound annual growth rate (CAGR) of 7.4% from HKD21.4 billion ($2.7 billion) in 2024 to HKD28.5 billion ($3.6 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data, and analytics company. According […]
Biora’s BT-600 novel drug-device may revolutionize targeted colon therapy, says GlobalData
Biora Therapeutics recently announced the initiation of Phase I clinical trials of BT-600, a novel drug-device combination for ulcerative colitis (UC) patients. BT-600 aims to deliver tofacitinib, the active ingredient in Pfizer’s Xeljanz, directly to the colon as a new approach to tackle the unmet needs of targeted drug delivery. This drug-device combination will be […]
SDx transformation redesigning enterprise fabric across sectors, says GlobalData
With the proliferation of software-defined everything (SDx) technologies such as Software-Defined Networking (SDN), Software-Defined Wide Area Networking (SD-WAN), and Software-Defined Storage, organizations across various sectors are experiencing transformative shifts in their digital infrastructure, states GlobalData, a leading data and analytics firm. Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: “The surge in the […]
Iovance’s Amtagvi to gain major share in melanoma treatment with first-to-market advantage, says GlobalData
Iovance Biotherapeutics’ Amtagvi has been introduced as the first FDA-approved T-cell immunotherapy for a solid tumor, employing a polyclonal tumor infiltrating lymphocyte (TIL) cell therapy. The personalized one-time cellular therapy is indicated for the treatment of adult patients with unresectable or metastatic melanoma who have previously received standard of care front-line PD-1 therapy and targeted […]
Daiichi Sankyo poised to add another ADC blockbuster with datopotamab deruxtecan for non-squamous NSCLC, says GlobalData
Following the news that the FDA has accepted the BLA submission for datopotamab deruxtecan in non-squamous NSCLC patients; Israel Stern, MSc, Oncology & Hematology Analyst at GlobalData, a leading data and analytics company, offers his view: “As sales for Daiichi Sankyo’s and AstraZeneca’s HER2+-targeting antibody-drug conjugate (ADC) Enhertu (trastuzumab deruxtecan) continue to skyrocket, the companies […]
Global deal activity fell by 34.1% YoY in January 2024, reveals GlobalData
A total of 3,348 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during January 2024, which was a decline of 34.1% compared to the announcement of 5,083 deals during January 2023, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database reveals that […]
US VC funding off to a slow start as deal volume and value decline by 61.2% and 37% YoY in January 2024, says GlobalData
The US venture capital (VC) funding activity made a slow start in 2024, with the first month of the year seeing a year-on-year (YoY) decline in deals volume and value by 61.2% and 37% compared to January 2023, respectively, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database reveals […]
AstraZeneca’s DKD pipeline highlights potential to differentiate in kidney disease space, says GlobalData
In a recent quarterly update, AstraZeneca revealed that it removed tozorakimab from its Phase II pipeline for diabetic kidney disease (DKD). The objective of the Phase IIb study was to evaluate the safety and efficacy of tozorakimab in subjects with DKD. Specifically, the Phase IIb trial was discontinued because of the efficacy data. Despite this […]