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Cibinqo impending approval to shake up EU atopic dermatitis market with heightened competition, says GlobalData

Pfizer’s Cibinqo (abrocitinib) is likely to be approved by the EU for the treatment of ‘moderate to severe’ atopic dermatitis (AD) by this year-end ensuing a positive European Medicines Agency’s (EMA’s) Committee for Medicinal Products for Human Use (CHMP) opinion on 15 October 2021. Following the approval of Lilly/Incyte’s Olumiant (baricitinib), and more recently AbbVie’s […]
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Addition of SGLT2 inhibitor with improved efficacy will be able to address demands of T2D market, says GlobalData

At the 57th annual European Association for the Study of Diabetes (EASD) 2021 meeting, results were presented for a 3-year prospective study. The study results demonstrated that sodium glucose cotransporter 2 inhibitor (SGLT2I), either empagliflozin (Jardiance) or dapagliflozin (Farxiga), are efficacious as part of a quadruple combination therapy with metformin, dipeptidyl peptidase-4 inhibitor (DPP-4I) and […]
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Mk-54 torpedoes procurement to bolster Indian Navy anti-submarine warfare capabilities, says GlobalData

The Ministry of Defense (MoD) of India has signed an agreement with the US to acquire Mk-54 lightweight torpedoes to be fitted on P-8I MPA aircraft. To increase its anti-submarine and anti-surface warfare capabilities, India is investing heavily in the procurement of advanced airborne platforms such as Boeing P-8I Multi-mission Maritime Patrol Aircraft (MPA) and […]
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M&A in Singapore life insurance industry to further consolidate position of top 10 insurers in 2021, says GlobalData

Singapore life insurance industry is highly concentrated with the top 10 insurers accounting for 95% market share in 2020. Boost in demand for life insurance products, and mergers and acquisitions (M&A) will further consolidate the country’s life insurance industry in 2021, finds GlobalData, a leading data and analytics company. Swarup Kumar Sahoo, Senior Insurance Analyst […]
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Naval fleet modernization initiatives to drive global naval engines market through 2031, says GlobalData

As part of the naval modernization initiatives, the procurement of next generation nuclear-powered ballistic missile submarines (SSBN) and nuclear-powered attack submarines (SSN) by major military powers like the US, Russia, China, France, India and UK are anticipated to be the key factors driving the global naval engines market during 2021-2031. These initiatives will enhance their […]
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North Korea’s aggressive missile tests to bolster Japanese drive towards advanced military technologies, says GlobalData

Following the news that North Korea successfully tested submarine-launched ballistic missile (SLBM) off its eastern coast; Venkatesh Kandlikar, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The growing frequency of North Korean missile test-firings will be a cause of concern for Japan, pushing it to speed up its procurement programs. […]
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Defense acquisition expenditure of Singapore to grow at 10.77% CAGR through 2026, says GlobalData

To overcome the challenges posed by its small military size, Singapore is looking to adopt modern technology through acquisition of advanced defense platforms. As a result, the country’s defense acquisition expenditure is expected to grow at a compound annual growth rate (CAGR) of 10.77% between 2022 and 2026, forecasts GlobalData, a leading data and analytics […]
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Foxconn sets new milestone with three EV prototypes, says GlobalData

Following the news that Taiwan smartphone maker Foxconn showcased three electric vehicle (EV) prototypes under its own ‘Foxtron’ brand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Foxtron is a joint venture between Foxconn and Taiwanese car maker Yulon Motor Co Ltd. The prototypes, which […]
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