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Amid the ongoing COVID-19 pandemic, Keystone Heart secured CE approval for its cerebral embolic protection device, the TriGUARD3. However, GlobalData expects that the company will experience a rocky start as a result of the pandemic. In March 2020, Keystone Heart announced that its TriGUARD3 device received CE approval. The cerebral embolic protection device is designed […]
Italy likely reached COVID-19 transmission peak but total cases may reach over 200,000 before return to normal, says GlobalData
It is likely that Italy has reached a peak in COVID-19 transmissions as the country has seen a continued decrease in new laboratory-confirmed cases for the last two weeks. At the peak week, Italy was reporting an average of 5,500 new cases per day. Leading data and analytics company GlobalData’s COVID-19 modelling shows that while […]
Intensive care units would experience severe strain from high-risk groups of COVID-19, says GlobalData
As the COVID-19 situation grows, intensive care units (ICUs) in hospitals have to handle more patients with severe cases of the virus. COVID-19 can be more severe for those individuals with pre-existing conditions such as diabetes, heart disease, chronic obstructive pulmonary disease (COPD), and asthma along with immune-compromised or older individuals. As Europe and the […]
Global coal production set to grow by only 0.5% in 2020, as production in China disrupted by coronavirus lockdown, says GlobalData
Global coal production is expected to grow only marginally in 2020, from 8.13 billion tonnes (Bnt) in 2019 to 8.17Bnt in 2020 a growth of only 0.5% after three consecutive yearly increases, due to the disruptions caused by the coronavirus pandemic says GlobalData, a leading data and analytics company. Disruption to date has been most […]
Deal activity in travel and tourism sector rebounds amid COVID-19 concerns, says GlobalData
A total of 19 deals were announced in the global travel and tourism sector during the week ended 5 April, 2020, compared to eight deals announced during the previous week, according to GlobalData’s deals database. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The growth in deal activity amid COVID-19 concerns brings a ray of hope […]
WeWork debacle portends a crisis for tech unicorns, says GlobalData
Last week, GlobalData predicted SoftBank would turn off WeWork’s funding. Following the announcement that WeWork is taking its biggest investor to court, after SoftBank withdrew a $3bn capital injection; Oliver Lockett, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view on the company’s current challenges: “Many companies will not survive the COVID-19 shakedown. […]
Time for construction to upskill during COVID-19 downtime, says GlobalData
Following newsof extensive overhauls in building regulations by the UK Government, and pledges to shame housing developers who are non-compliant with current regulation; Oliver Lockett, Analyst at GlobalData, a leading data and analytics company, offers his view on the how the industry must use the enforced COVID-19 downtime to embrace construction’s digital future: “Huge risks […]
With fast-food visits down globally by 50%, why does maintaining employee relations matter, asks GlobalData
Frontline workers of essential foodservice operators in the US have received minimal ‘reward schemes’ for attending work amid the COVID-19 outbreak. These companies should be wary of what effects misjudgments like these could mean.Public perception is more relevant in today’s digital age than ever before, and with 50% of global consumers having stopped all visits […]
Expected delays to key test gives Northrop Grumman its first COVID-19 blow, says GlobalData
Following the news that the US Army has sent home White Sands Missile Range personnel to face the COVID-19 threat, which will postpone the limited user test (LUT) of the integrated air-and-missile defense battle command system (IBCS); Nicolas Jouan, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view on […]
COVID-19 leads to unpredictable IPOs and venture financing deals for biopharma companies, says GlobalData
In this unprecedented time of uncertainty, key markets have lost 20–70% of their value year-to-date due to COVID-19, according to GlobalData’s COVID-19 Executive Briefing. Sharon Cartic, Associate Director for Drugs and Business Fundamentals Databases at GlobalData, comments: “This drop in value is inevitably having an impact on the initial public offerings (IPOs) of biopharma companies […]
China’s car market has sprung to life, but is far from recovered, says GlobalData
Following the news that China’s passenger car market was down 41% in March; David Leggett, Automotive Editor at GlobalData, a leading data and analytics company, offers his views: “Although a 41% year-on-year drop for March looks large, it is a big improvement on February’s 80% drop. This latest market news from China will be taken […]
FDA’s new EUA guidance will make it easier for more coronavirus tests to enter market, says GlobalData
Following the US Food and Drug Administration’s (FDA’s) release for new emergency use authorization (EUA) guidance for laboratory developed coronavirus tests; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “The gold standard for diagnosing COVID-19 is a common lab test using the polymerase chain reaction (PCR). While […]
Tesvolt confident of continuing operations amidst COVID-19 pandemic, says GlobalData
Following the news that Tesvolt, the German manufacturer of battery storage systems, has started the production of commercial storage systems under strict safety precautions due to the ongoing COVID-19 pandemic; Somik Das, Power Analyst at GlobalData, a leading data and analytics company, offers his view: “Tesvolt expects growing demand despite the ongoing pandemic. Its order volumes […]
Cambridge Respiratory Innovations to become vital player in capnography market, says GlobalData
Following news that Cambridge Respiratory Innovations has teamed with several NHS trusts to supply N-Tidal (capnography) devices in order to help doctors identify when to ventilate COVID-19 patients; Aliyah Farouk, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “The accelerated production of N-Tidal devices by Cambridge Respiratory Innovations to […]
Despite layoffs amid COVID-19 pandemic, Sunrun remains positive, says GlobalData
Following the announcement that Sunrun, the largest residential solar installer, is reported to have laid off around 100 of its employees; Somik Das, Power Analyst at GlobalData, a leading data and analytics company, comments: “COVID-19 will present Sunrun with a harrowing period over the next few quarters. Going ahead, the company wants to focus on the […]
Companies across industries anticipating COVID-19 to take a toll on earnings, says GlobalData
An uncertain business environment on the back of the COVID-19 outbreak is prompting companies to withdraw or revise their guidance, outlook and earnings estimates, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The outbreak and its potential impact on the economy and businesses is weighing heavily on […]
Automotive sports sponsorship will be a casualty of COVID-19, says GlobalData
GlobalData’s Sportcal tracking reveals there are more than 1,000 instances of automakers and dealerships actively sponsoring sports activities or teams. The estimated annual spend of those deals comes to $1.1bn and, for deals extending past 2021, auto companies are already thought to have pledged more than $1.7bn. Mike Vousden, Automotive Analyst at GlobalData, comments: “The […]
Myriad FY2020 revenues not expected to recover during COVID-19 pandemic, says GlobalData
Following the announcement by Myriad Genetics to withdraw financial guidance for fiscal year (FY) 2020 due to the business impact from the COVID-19 pandemic; Dara Lo, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her view: “While Myriad is a specialty molecular diagnostics company that offers tests for a range of […]
COVID-19 social distancing measures will impede global RSV clinical development, says GlobalData
Following the introduction of social distancing measures, brought in to reduce the spread of COVID-19 across the globe; Emily Carter-Richardson, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view on how this could impact the development of respiratory syncytial virus (RSV) vaccines: “The infection control measures of social distancing to prevent […]
COVID-19 could be point of no return for Big Tech’s war on misinformation, says GlobalData
Following the news that Facebook’s WhatsApp is imposing new limits on message forwarding to tackle the dissemination of fake news; Laura Petrone, Senior Analyst at GlobalData, a leading data and analytics company, offers her view: “Big Tech’s more active role in policing misinformation during the COVID-19 pandemic demonstrates that these companies are taking greater responsibility […]