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Amid the financial and economic crisis triggered by COVID-19, around 500 businesses have filed for bankruptcy since March 2020 and the trend is only set to persist in the coming months, says GlobalData, a leading data analytics company. Bindi Patel, Economic Research Analyst at GlobalData, says: “An increasing number of US companies are filing for […]
More public pharma and CMOs took PPP COVID-19 small business loans
At least 99 publicly owned pharma companies and contract manufacturing organizations (CMOs) – many with substantial market value and access to capital markets – were approved to receive PPP loans that were intended to help small businesses in the US to pay workers during the COVID-19 pandemic, a GlobalData analysis of a partial release of information by the Small Business Administration (SBA) shows. PPP (paycheck protection program) loans are a US federal government initiative. Fiona Barry, Associate Editor of GlobalData PharmSource, […]
Top 20 global innovative pharmaceutical companies by MCap saw 10.2% rise in MCap in Q2 2020, says GlobalData
Many pharmaceutical companies have performed well, despite the impact of COVID-19, as all of the top 20 global innovative bio/pharma companies, ranked by market capitalization (MCap), reported an increase in MCap for the quarter ended 30 June 2020 (Q2 2020). As a whole, the group reported an increase of 10.2% with an aggregate MCap of […]
Ten million daily COVID-19 tests in the UK can be achieved using saliva tests, says GlobalData
Following the UK announcement to spend £100bn on expanding COVID-19 testing to ten million a day; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “Using a saliva test to diagnose COVID-19 is one of the ways the UK might achieve its target ten million daily testing capacity. […]
More sustainable Pringles may boost sales, says GlobalData
Following the news that the iconic Pringles can is undergoing a redesign to become more sustainable; Ryan Whittaker, Consumer Analyst at GlobalData, offers his view: Re-designing the Pringles packaging is absolutely the right decision for Kellogg’s in this climate. GlobalData’s most recent consumer survey* found that sustainability remains a big issue during the pandemic with […]
Kroger’s success highlights importance of e-commerce during COVID-19 pandemic, says GlobalData
US supermarket chains such as Kroger have experienced a surge in online grocery sales during the pandemic, which GlobalData expects to continue for the foreseeable future. Ryan Whittaker, Consumer analyst at GlobalData, offers his view: “COVID-19 has caused consumers to spend more time at home; people cook and eat more meals in the home where […]
Consumers’ sentiment towards alcohol consumption and brands changed by COVID-19 pandemic, says GlobalData
‘New Socializing’, ‘New Initiatives’ and ‘More Health’ are three new trends that are emerging in the alcoholic beverage space after the COVID-19 pandemic has altered consumers’ social lives, their view of brands, and their awareness of health and wellbeing, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Coronavirus (COVID-19) Case Study: Alcoholic Beverage […]
Incentive required for L’Oréal’s in-store recycling points to be a success, says GlobalData
Following the news that L’Oréal is to launch in-store recycling points for its beauty products: Lia Neophytou, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “L’Oréal’s introduction of in-store recycling points will certainly tackle two major barriers to recycling beauty products: knowing what product types can be recycled and where. […]
Smart glasses will be a $2bn market by 2030, says GlobalData
The global smart glasses market is expected to take off by 2030, with forecasts estimating the market will be worth $2.3bn. The market will expand at a compound annual growth rate (CAGR) of 18% over the next 11 years, having generated $374m in 2019, according to GlobalData, a leading data and analytics company. The majority […]
Two-thirds of UK public sector organizations optimistic about post-COVID IT future, says GlobalData
The COVID-19 pandemic has had a significant impact on the UK public sector in the space of just a few months, and the role of IT departments has become even more critical as digital priorities have shifted substantially to deal with the immediate effects of the ‘new normal’. Despite the initial disruption, IT suppliers should […]
EVs pushing battery prices down and ESS to pave way for next phase of energy transition, reveals GlobalData
Energy storage systems (ESS) installations linked to the electricity grid and ancillary services will witness rapid growth in the coming two to three years because of their increasing number of applications and the falling cost of systems due to electric vehicle (EV) development. Key drivers are increased variable renewables integration, rising energy demand, asset retirements […]
T&T companies’ sentiments showing signs of rebound, says GlobalData
The travel and tourism (T&T) sector witnessed an uptick in Q3 2020 earnings transcript sentiment scores, according to GlobalData, a leading data and analytics company. Hotel operators’ sentimental growth was influenced by improvements in occupancy rates, while airline companies’ sentiments were largely influenced by enhanced liquidity. Rinaldo Pereira, Senior Business Fundamentals Analyst at GlobalData, says: […]
Rapid growth and mid-band 5G auction results reinforce cable MVNOs’ growing challenge, says GlobalData
US cable companies operating as mobile virtual network operators (MVNOs) are proving their competitive spirit, scoring more than one million wireless retail customer net additions during the first half of 2020 – 25% more than the postpaid phone net additions reported by the three nationwide wireless operators, says GlobalData, a leading data and analytics company. […]
As schools open, US ramps up COVID-19 testing, says GlobalData
Following the National Institute of Health’s (NIH) awarding of over $100m to increase COVID-19 testing; James Spencer, Data Scientist at GlobalData, a leading data and analytics company, offers his view on the current approach to reopening schools in the US: “As the US passes six million COVID-19 cases, while its citizens move relatively freely, it […]
Neovascularization inhibitor sales will near $7bn in diabetic retinopathy market in 2029, says GlobalData
The diabetic retinopathy (DR) market has been dominated by neovascularization inhibitors, and this group of therapies is expected to generate more than $6.8bn in sales in the DR market in 2029, rising from $3.2bn in 2019 at a compound annual growth rate (CAGR) of 7.8%. This increase is expected to be driven by the demonstrable […]
Zoom’s sentiments rebound on historic gains, says GlobalData
Zoom’s sentiments have rebounded in Q2, driven by its skyrocketing revenue growth after facing declines due to privacy concerns. The company’s coherent strategies on end-to-end (E2E) encryption are paying off as the flagship conferencing app developer generated more revenue in Q2 2020 (fiscal Q2 2021 for Zoom: ended July 2020) than in the entirety of […]
Brazil’s high COVID-19 case count allows for clinical trials to progress, says GlobalData
While the COVID-19 pandemic continues to cause high numbers of confirmed new cases in Brazil, the patient population available for the increasing number of COVID-19 clinical trials should allow these to continue to completion, says GlobalData, a leading data and analytics company. Scotty Chung-Siu, MPH, Senior Analyst at GlobalData, comments: “The number of COVID-19 cases […]
UK vehicle market in recovery, but crunch time to come, says GlobalData
Following the news that the UK’s new car market was down 5.8% in the month of August, according to data released by the Society of Motor Manufacturers and Traders (SMMT); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The August drop follows a year-on-year gain posted in July, […]
Abbott races ahead to be first manufacturer in peripheral BTK stent market, says GlobalData
Following the news that Abbott began its LIFE-BTK clinical trial to assess the safety and effectiveness of its new Esprit BTK Everolimus Eluting Stent; Sheryl Tang, Medical Devices Analyst at GlobalData, a leading data and analytics company, comments: “The Esprit BTK stent addresses many of the drawbacks of the current treatment devices on the market. […]
Sanofi impacted by disrupted clinical trials and lagging vaccine development due to COVID-19, says GlobalData
Sanofi’s progress in research and development (R&D) has been adversely impacted by the COVID-19 pandemic. As of late August, six of Sanofi’s clinical trials, which were being conducted in 31 countries, have been disrupted, with most of the disruptions being in Phase II and III – including two pivotal trials. These delays will impact regulatory […]