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A slip in net income and revenue driven by lockdowns during the quarter affected most of FAANG’s sentiments, says GlobalData, a leading data and analytics company. According to Globaldata’s Filing Analytics platform, sentiment scores for Facebook, Amazon and Google declined by more than 20% in Q1 2020 (compared to Q4 2019), while Netflix, witnessed only […]
Fujifilm and Ansun’s efforts to repurpose their influenza therapies to treat COVID-19 draw efficacy skepticism
With Fujifilm Toyama Chemical’s Avigan (favipiravir) already approved in Japan for influenza, that country had announced plans to stockpile two million courses of the oral drug for COVID-19, but reporting by Reynald Castañeda, Pharma Writer for the Investigative News team at GlobalData, a leading data and analytics company, notes that there are reservations about the drug’s potential in treating […]
Spartan’s COVID-19 test recall illustrates challenges of rapid medical device approval
Following the announcement that Spartan Bioscience has recalled its rapid COVID-19 test due to concerns by Health Canada; Azadeh Laffafian PhD, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Recall of Spartan’s COVID-19 test is not surprising as extraordinary circumstances have accelerated the approval of medical devices. While fast […]
Cerus Endovascular continues expanding aneurysm treatment portfolio amid COVID-19 pandemic
Cerus Endovascular’s secured CE approval for coil-assisted flow diverter Neqstent was a great win for the company, but the path ahead may be slow-going. GlobalData, a leading data and analytics company, expects that the device may experience a slower uptake due to the pandemic. Sheryl Tang, Medical Device Analyst at GlobalData, comments: “When Cerus Endovascular […]
Eli Lilly becomes the latest large pharma to join the fight against COVID-19
In April, Eli Lilly joined the fight in treating COVID-19 with an announcement that it had agreed to study Olumiant (baricitinib) as an arm in NIAID’s Adaptive COVID-19 Treatment Trial (NCT04280705). However, Olumiant is not without its share of risks and providers will still need to evaluate the risk-benefit ratio for this particular immunomodulatory agent […]
Streamlined business and a surge in domestic bookings may help Airbnb to turn a corner
Airbnb still can be a success, as long as it embraces the idea that it may have to be smaller in scale in the short-to-medium term and operate in a more efficient manner, says GlobalData, a leading data and analytics company. Ralph Hollister, Travel & Tourism Analyst at GlobalData, comments: “Airbnb may be turning a […]
Pharmaceutical companies will need to show support or risk damaging global reputation
The unprecedented events of the past few months have upended societies and healthcare systems alike. With the increased need for medical innovation and research to kickstart plunging economies, pharmaceutical companies need to make strategic decisions that will provide financial benefit while showing strong commitment to global health and their patients. Monetary and drug donations have […]
Telefónica tie-up with Virgin Media would signal seismic shift in UK multiplay market
Following the news that Telefónica has confirmed the current discussions with Liberty Global regarding a potential integration of their respective UK telecommunications businesses, O2 UK and Virgin Media; Natasha Rybak, Principal Analyst at GlobalData, a leading data and analytics company, offers her view on the potential merger’s impact on the UK multiplay market; “Telefónica’s talks […]
Stryker’s US orthopedics and spines sales take big hit but will see a turnaround as pandemic recedes
Following the announcement that Stryker’s US orthopedics and spine sales were down approximately 65% in April 2020; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “With all elective procedures practically halted in the US, it is no surprise that Stryker’s orthopedics and spine sales were drastically affected […]
Dexcom expected to hold position as CGM market leader after exceeding expectations with Q1 results
Following the announcement that Dexcom’s Q1 2020 revenue increased by 44% year-over-year; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “GlobalData expects Dexcom to retain its position as the market leader for continuous glucose monitoring (CGM) systems following its strong Q1 results. Dexcom’s surge in revenue was […]
Pharmaceutical professionals say employee safety and supply chain disruption are top COVID-19 concerns in latest GlobalData survey
Pharmaceutical industry professionals around the world believe that employee safety and supply chain disruption are their businesses’ number one concerns from COVID-19, the latest survey data from GlobalData, a leading data and analytics company, suggests. GlobalData’s latest report, ‘Coronavirus Disease 2019 (COVID-19) Sector Impact: Pharmaceutical Trade and Supply Chain Survey – Q1 2020’, reveals that 21% […]
Google is getting tough on COVID-19 misinformation
Following the news that Google’s YouTube is bringing fact-checking information panels to the US to curb COVID-19 related misinformation; Laura Petrone, Senior Analyst atGlobalData, a leading data and analytics company, offers her view: “The tech giant is stepping up efforts to protect its video platform against the deluge of COVID-19 misinformation. While Google has so […]
SeaStar Medical to test immunomodulating device for the treatment of COVID-19 patients
Following the announcement that SeaStar Medical will initiate a pilot study of aselective cytopheretic device (SCD) in COVID-19 patients; Azadeh Laffafian, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “SeaStar’s SCD targets proinflammatory neutrophils and monocytes during continuous renal replacement therapy (CRRT) to combat cytokine storm in severely ill […]
UK cancelling ventilator projects signifies decreasing demand due to COVID-19
Following the news (Wednesday 29 April) about the outcomes of the UK’s initiative on making ventilators; Tina Deng, Senior Medical Devices at GlobalData, a leading data and analytics company, offers her view on “The news that at least five of the ventilator projects, including Dyson, have been cancelled in the UK comes as no surprise […]
Next lowers outlook but is still in a better position than many rivals
Following today’s release of Next Q1 figures for 2020/21, Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Since it initially updated on its full year outlook in mid-March, Next’s worst case scenario has gone from bad to much worse with full-price sales now expected to fall up to 40% (versus its […]
Roche’s Actemra a possible candidate for severe COVID-19 treatment
Roche’s Actemra (tocilizumab) generated $687m in the first quarter of 2020, a 30% increase compared to the same period in 2019, due to evidence of effective treatment in severe COVID-19 patients experiencing respiratory failure. However, Actemra’s Q1 sales increase may be a one-off occurrence as Kevzara fell short in its Phase II trial, says GlobalData, […]
Boeing terminates partnership with Embraer in the midst of COVID-19 turbulence
Following Saturday’s announce that Boeing was terminating the Master Transaction Agreement (MTA) with Embraer. Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on the situation of Boeing; “Boeing still had to close a US$4.2bn payment to seal its deal with Embraer but Boeing’s liquidity is expected […]
Netflix’s preparedness will pay off and make big gains despite maturity
“Netflix is not only surviving during the COVID-19 pandemic, but it is thriving. The company’s strong position during this crisis has gained it first place in GlobalData’s thematic ranking for the music, film and TV sector – beating Amazon for the top spot. Danyaal Rashid, Thematic Analyst at GlobalData, comments: “The company added nearly 16 million […]
NHS collaborates with leading technology providers to develop COVID-19 response data platform
The National Health Service’s (NHS) data platform will help the country implement a co-ordinated and effective response to the rapidly evolving COVID-19 crisis in the UK, says GlobalData, a leading data and analytics company. Kathryn Whitney, MSc, GlobalData Director of Thematic Analysis, comments: “This data platform will give key decision makers in the NHS real-time […]
With Canadian oil prices well below global averages, country to drop production by 15% in 2020
Following recent news about Oil Sands producers shutting down crude production due to their unprofitability; Adrian Lara, Senior Oil & Gas Research Manager at GlobalData, a leading data and analytics company, offers his view on the current events: “With an average discount to Western Texas Intermediate (WTI) of around US$18 per barrel, the WCS blend […]