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Clarivate Plc (NYSE:CCC) has released a report titled Identifying Research Fronts in the Web of Science, detailing how citation clusters from published papers can pinpoint emerging scientific topics. This report emphasizes the value of modern research evaluation metrics derived from the Web of Science. Key insights include the identification of hot research areas like CRISPR and Machine Learning, which can enhance innovation strategies for researchers and organizations. Dr. Martin Szomszor highlights that these new metrics move beyond traditional performance measures to provide deeper insights into research impact.
Clarivate Plc (NYSE: CCC) has launched the Innovation Exchange, an online platform designed to provide life science, healthcare, and research professionals with access to innovative software and data from approved partners. This platform allows for rapid licensing and deployment of solutions tailored to specific decision-making needs. The Innovation Exchange aims to enhance research, development, and commercialization efforts, incorporating direct licensing options and a suite of applications, including unique datasets related to COVID-19.
Clarivate Plc (NYSE: CCC) announced that Jerre Stead, Executive Chairman and CEO, along with CFO Richard Hanks, will participate in two virtual investor conferences in September 2020. The first event is Citi's 2020 Global Technology Virtual Conference on September 10 at 3:20 PM Eastern Time. The second is Barclays Global Financial Services Conference scheduled for September 16 at 9:00 AM Eastern Time. Both presentations will be available via live webcast and replay on their respective links.
Clarivate has partnered with the Benelux Office for Intellectual Property (BOIP) to enhance trademark research services using AI-driven technology. This advancement makes researching image trademarks more efficient and comprehensive, automating previously time-consuming tasks. The partnership aims to address a growing need, as 40% of trademarks include image components. With trademark filing activity reaching 14.3 million recently, this innovative approach supports BOIP in providing improved services to IP professionals in the region.
Clarivate Plc (NYSE:CCC) and IP DESK have partnered to enhance trademark management efficiency for IP professionals. This collaboration integrates CompuMark's global trademark watching solution into the IP DESK platform, enabling users to access vital trademark data seamlessly. With over 5,500 trademarks filed daily, this partnership aims to safeguard brands and reduce infringement risks. Jeff Roy from Clarivate emphasizes the goal of maximizing value from intellectual property, while Martin Setlak from IP DESK highlights improved customer satisfaction and responsiveness to trademark conflicts.
Clarivate Plc (NYSE:CCC) appointed Stefano Maestri as the new Chief Technology Officer, succeeding Randy Harvey, who plans to retire. Maestri brings over 20 years of experience, having previously served as CTO for IHS Markit's financial services division. His expertise in leading technological transformations aligns with Clarivate's focus on innovation. Executive Chairman and CEO Jerre Stead expressed confidence in Maestri's ability to enhance the company’s technological direction, emphasizing the importance of his experience in the financial services sector.
Clarivate Plc (NYSE: CCC) has launched the Coronavirus, Virology, and Infectious Disease (CVID) Data Lake to bolster global research and policy decisions in response to pandemics. This data lake integrates various datasets, including real-world data, clinical trial data, and scholarly references, providing a comprehensive resource for researchers and policymakers. By enabling coordinated analyses, the CVID Data Lake aims to facilitate data-driven actions against health crises. Clarivate emphasizes its role in supporting pharmaceutical and government agencies with insights necessary for effective disease management and R&D strategies.
Clarivate Plc has launched the Arabic Citation Index (ARCI), the first citation index in Arabic, situated in Egypt. This initiative, funded by the Egyptian government, will enable journal submissions from all 22 Arab League nations by the end of 2020. The ARCI is powered by the Web of Science and provides access to bibliographic information from over 400 Arabic journals, facilitating local and international collaborations. This project aligns with Egypt's 2030 Vision for a knowledge economy, enhancing the visibility and accessibility of Arabic scholarly research globally.
Clarivate Plc (NYSE: CCC) reported Q2 2020 financial results, highlighting revenues of $273.5 million, a 12.9% increase year-over-year. Adjusted revenues were $276.9 million, up 14.2%. The company achieved a net loss of $1.5 million, significantly improved from a loss of $77.8 million in Q2 2019. Adjusted EBITDA rose 36.7% to $100.1 million. Cash and cash equivalents increased to $608.5 million, bolstered by share sales and warrant exercises. The total debt stood at $1,953.7 million, reflecting a $288.7 million rise, influenced by acquisitions.
