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Stores may be reopening today but this be a short-lived boost and retailers will still lose £37bn this year, says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst at GlobalData, comments: “44.8% of UK consumers have spent more online as a result of the outbreak* and as a result of changing shopping […]
Delays in Moderna’s COVID-19 vaccine development expected as it looks to be first to market
Moderna Therapeutics recently received Fast-Track designation from the FDA for its COVID-19 candidate vaccine, mRNA-1273 together with the green light to initiate a Phase II clinical trial study. As other candidate vaccines in development have yet to receive Phase II trial approval, mRNA-1273 could be the first vaccine to be approved and launched for COVID-19 treatment, […]
Immunotherapies may increase risk of severe COVID-19 in MS patients as total MS drug market in the 7MM set to reach $32.9bn by 2028
COVID-19 presents a challenge to physicians managing patients with multiple sclerosis (MS), due to concerns about using immunotherapies to treat this neurological condition, in the face of the pandemic, says GlobalData, a leading data and analytics company. Immunotherapies are the biggest driver in the MS market and according to GlobalData’s report, ‘Multiple Sclerosis – Global Drug Forecast […]
Bakken producers desperate to shut in wells until crude oil price recovers
Bakken production is expected to fall through 2020, however it will remain above 1million barrels of oil equivalent per day (mmboed) at the end of this year, according to GlobalData a leading data and analytics company. Rig count has declined steeply since early 2020 and was further aggravated by the economic slowdown due to COVID-19, […]
Outsourced blockbuster drugs manufactured in Spanish facilities could significantly disrupt supply
As of mid-May, there were 131 contract manufacturing organizations (CMOs) in Spain with 161 Spanish sites, according to the GlobalData’s Contract Service Provider database, which details the manufacturing relationships for novel products approved in the US and EU. The company found that the top ten outsourced drugs, by 2019 revenue, that are contract manufactured in […]
During the COVID-19 crisis Innogy to cater to the society’s needs through its community funds
During the COVID-19 crisis, Innogy is supporting the communities that neighbor its renewable projects through the copany’s community funding program. This £19m ($23.5m) COVID-19 Response Grant is likely to be of eminent help amid the crisis and was made in responding to urgent requests for funding for Conwy, Denbighshire and Flintshire. Somik Das, Senior Power […]
Gilead’s remdesivir gets MHRA green light, but only targets select group of COVID-19 patients
GlobalData anticipates that Gilead’s remdesivir will target a select severity group of COVID-19 patients, and it remains questionable as to how treatment with the drug will be initiated and optimized. Angad Lotay MPharm, Infectious Diseases Analyst at GlobalData, states: “Gilead’s remdesivir was trialled in a number of patients with varying severities, however, it was noted […]
COVID-19 may have long-term complications and increased long-term costs on the healthcare system
As many COVID-19 patients may experience long-term complications from the illness such as intensive care unit (ICU) delirium, post-traumatic stress disorder (PTSD), lung damage, heart damage and possible neurological issues, GlobalData expects the market for these treatments to increase due to the COVID-19 pandemic as recovered patients may need long-term care for these issues after being released […]
CCR4 antagonists are a promising combinatorial agent for the future
As novel immuno-oncology (IO) drugs become established in the market, a new trend of combinatorial treatments is arising. The race to develop combinatorial drugs is increasing with more companies including IO potentiating drugs in their pipelines and investigating these in combination with established IO drugs, says GlobalData, a leading data and analytics company. Miguel Ferreira, […]
Contact tracing apps fail the most vulnerable in society
The UK’s contact tracing application is inaccessible to 21% of the adult population who do not use the latest smartphones. The pandemic has exposed a digital divide where the poorest and oldest in society have limited access to the latest technology, says GlobalData, a leading data and analytics company. Oliver Lockett, Analyst at GlobalData, comments: […]
Healthcare sector witnessed marginal growth in deal activity during week ended May 24
The number of deals announced in the global healthcare sector grew by 0.6% during the week ended May 24, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although the healthcare sector has been relatively resilient compared to other sectors amid uncertainty and volatile market conditions […]
Clinical trial disruption due to COVID-19 likely to continue, although trial activity has slowly started to resume
Although the number of clinical trials that have suspended enrolment due to COVID-19 is leveling off, the overall disruption of trials continues to expand, says GlobalData, a leading data and analytics company. The company has been tracking the number of clinical trials that have been disrupted due to suspension of enrolment, slow enrolment or delayed […]
Domestic markets could offer struggling tourism companies a lifeline
With a total 80% of consumers surveyed* claiming they are extremely or quite concerned about the ongoing COVID-19 pandemic, a large proportion of the population are expected to also be apprehensive about travelling internationally – even when travel restrictions are lifted. Furthermore, 76% of respondents said they trusted products made in their own country, which […]
Pharmaceutical software development less disrupted by COVID-19
Pharmaceutical software development has been less impacted by the COVID-19 crisis as it facilitates remote working and already had group collaboration tools and software processes in place to facilitate this type of work, says GlobalData, a leading data and analytics company. Johanna Swanson, Product Manager at GlobalData, comments: “Numerous Software development systems have adopted a more […]
Smart grid facilitates grid flexibility and resilience amid the COVID-19 outbreak
Smart grids have, so far, ensured grid resilience successfully to the extent that no major grid reliability issues have been reported during the pandemic. Several countries reported a shift in electricity consumption patterns, with an increase in loads related to domestic air-conditioning or heating, a decline in demand from electric vehicle charging stations, and flattening […]
Healthcare sector witnessed 6.8% decline in deal activity during week ended May 17
The number of deals announced in the global healthcare sector (including pharmaceuticals and medical equipment) declined by 6.8% during the week ended May 17, 2020 compared to the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The healthcare sector has been relatively resilient compared to other sectors. Prior to […]
COVID-19 has impacted dental procedures in the US
Non-emergency dental procedures such as alveoloplasty, incision and excision of gums, and the removal or restoration of teeth are mostly elective and will substantially impacted by the COVID-19 crisis in the US, says GlobalData, a leading data and analytics company. Eric Chapman, Medical Analyst at GlobalData, comments: “Healthcare providers performing dental procedures are at high […]
Once again, M&S finds slow and steady does not win the race
Following today’s release of Marks & Spencer FY figures for 2019/20, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Despite M&S working through its transformation plan over the last few years, its UK performance continued to deteriorate in FY2019/20 and since then COVID-19 has caused sales to nosedive (down […]
Moderna’s and Inovio’s Phase III COVID-19 trials face operational obstacles
Following the announcement of Moderna’s interim data for its Phase I COVID-19 vaccine trial; Reynald Castañeda, Pharma Writer for the Investigative News team at GlobalData, offers his view: “Moderna’s registrational trial will face substantial operational challenges, despite having a low success bar for efficacy. Moderna, which stocks shot up almost 30% premarket in reaction to today’s […]
COVID-19 pandemic and opioid use disorder epidemic could impact and worsen each other
COVID-19 pandemic and opioid use disorder (OUD) are intersecting and worsening each other, demanding a rapid response to correct the underlying factors, says GlobalData, a leading data and analytics company. Arunkumar NV, Epidemiologist at GlobalData, comments “Impaired psychosocial wellbeing, due to unstable socio-economic situations and disrupted opioid addiction treatment schedules, will cause an increasing wave […]