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Clarivate Plc - CLVT STOCK NEWS

Welcome to our dedicated page for Clarivate Plc news (Ticker: CLVT), a resource for investors and traders seeking the latest updates and insights on Clarivate Plc stock.

Clarivate Plc (NYSE: CLVT) is a leading global provider of transformative intelligence, offering enriched data, insights, analytics, workflow solutions, and expert services across various sectors including Academia & Government, Intellectual Property, and Life Sciences & Healthcare. Formerly part of Thomson Reuters, Clarivate became an independent company in 2016 and went public on the New York Stock Exchange in 2019. The company is headquartered in London with operations in over 100 countries and a workforce of over 4,000 employees.

Clarivate serves a diverse clientele, ranging from academia, government, law, life sciences, and healthcare. Some of its most trusted brands include Web of Science™, Cortellis™, Derwent™, CompuMark™, MarkMonitor®, and Techstreet™. These brands offer specialized services such as scientific and academic research, patent analytics, pharmaceutical and biotech intelligence, and IP management. Researchers and organizations globally rely on Clarivate's curated knowledge bases to accelerate innovation and bring new ideas to market more efficiently.

Recently, Clarivate has been recognized for its ongoing efforts and achievements. The company has made significant strides in the realm of cancer treatment research, particularly in the area of CAR T-cell therapies. According to a three-part report published by BioWorld™, Clarivate is exploring the rapid pipeline growth and clinical trials in CAR T therapy development in China. This report is part of the company’s commitment to providing valuable insights into groundbreaking treatments and their potential market impacts.

Additionally, Clarivate has launched key updates to its Cortellis CMC Intelligence™ solution, introducing a new post-approval variations module. This update assists pharmaceutical, biotech, and generics companies in streamlining regulatory tracking and optimizing lifecycle management for both small molecules and biologics.

The company also introduced Epidemiology Intelligence™, combining epidemiological data with U.S. claims-based population insights to help biopharma companies accurately gauge market size and target patient demographics. Another significant launch was the Trademark Watch Analyzer, an AI-enhanced trademark protection solution providing faster and more accurate answers to critical business questions by leveraging global trademark and case law data.

Financially, Clarivate reported a slight decrease in revenues for the first quarter of 2024, yet showed resilience and strategic focus on long-term growth. The company continues to invest in product development and operational initiatives to drive future organic revenue growth. Their financial stability is underscored by substantial cash flow and a clear strategy for debt management.

Clarivate’s strategic partnerships, such as the recent collaboration with HealthWise Data, further enhance its offerings by integrating Social Determinants of Health (SDoH) attributes into its Real-World Data repository, contributing to enhanced patient outcomes and healthcare equity.

For more information about Clarivate, its products, and services, visit www.clarivate.com.

Rhea-AI Summary
Clarivate reports Q1 2023 financial results, with revenues decreasing 5.0% to $629.1 million. Net income per diluted share increases by $0.10. The company reaffirms its 2023 outlook and expects an acceleration of organic growth.
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Clarivate Plc (NYSE:CLVT) released a report highlighting the impact of globalization on U.S. research, urging for continued investment and collaboration to sustain its position as a science leader. The analysis, drawn from the Institute for Scientific Information, points out that U.S. research growth has not kept pace with global counterparts, particularly in Asia and the EU. Key findings include a doubling of international collaboration, particularly with Mainland China, and a decline in the diversity of research subjects due to faster budget increases in biomedicine. Furthermore, research output is unevenly distributed across the U.S., necessitating focused funding in weaker areas. The report warns that the U.S. no longer dominates global research, with other nations producing increasingly impactful papers.

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On April 26, 2023, Clarivate (NYSE: CLVT) announced the appointment of Henry Levy as President of its Life Sciences & Healthcare segment, effective May 1, 2023. Levy, formerly with Veeva Systems, possesses over 25 years of experience in the life sciences sector, having held prestigious roles focused on enhancing drug development and commercialization. CEO Jonathan Gear expressed confidence in Levy's ability to accelerate growth and innovation within the segment, which aims to connect clients with transformative intelligence and data technology. This appointment rounds out recent leadership changes, including Gordon Samson and Bar Veinstein as Presidents of Intellectual Property and Academia & Government, respectively.

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Clarivate Plc (NYSE: CLVT) announced it will report its financial results for Q1 2023 on May 9, 2023, before the market opens. The earnings release and supplemental information will be available on the Clarivate investor website. A conference call and webcast to discuss the results will occur on the same day at 9:00 AM Eastern Time. Interested participants can access the live broadcast through the investor relations section or by dialing the provided numbers. This event reflects Clarivate's commitment to transparency in sharing vital business information.

For more details, including the conference call access numbers and links to the live webcast, please visit the company's investor relations page.

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Clarivate Plc (NYSE: CLVT) has appointed Bar Veinstein as President of Academia & Government, effective April 24, 2023. Veinstein, who previously served as CEO of Taranis, brings extensive experience in AI and cloud technologies. His prior role as President of Ex Libris Group saw him expand its reach to over 7,500 institutions globally. This appointment positions Clarivate to enhance growth within its Academia & Government segment, aiming to support educational institutions in achieving research excellence. The announcement follows a similar appointment of Gordon Samson as President of Intellectual Property, indicating a strategic focus on leadership within key market segments.

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Clarivate (NYSE: CLVT) announces a special series by BioWorld titled Radiopharmaceuticals: The next big disrupter, focusing on the emerging field of radiopharmaceutical therapy, projected to reach $12 billion by 2030. This eight-part series investigates new uses and alternatives in cancer treatment, highlighting the evolution from one therapy in the 1950s to a range of options today that deliver targeted radiation to tumors. Key topics include the challenges facing radiopharma stakeholders, the industry's growth potential, and regulatory hurdles. Lynn Yoffee, Publisher of BioWorld, emphasizes the rapid advancements and substantial investments, including $6 billion by Novartis AG. The series contributes valuable insights into the radiopharmaceutical pipeline and how these therapies could transform cancer treatment.

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Clarivate Plc (NYSE: CLVT) announced the appointment of Gordon Samson as President of its Intellectual Property (IP) market segment, effective April 1, 2023. Previously serving as Chief Product Officer, Samson aims to drive growth in the IP sector. The company also nominated Dr. Saurabh Saha for election to the Board at the Annual General Meeting on May 4, 2023. Dr. Saha, currently CEO of Centessa Pharmaceuticals (NASDAQ: CNTA), brings extensive experience in pharmaceuticals and biotech. This strategic move is to enhance leadership as Clarivate executes its growth strategy in Life Sciences & Healthcare.

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Clarivate Plc (NYSE: CLVT) has announced the appointment of Gordon Samson as President of its Intellectual Property market segment, effective April 1, 2023. This new role aims to enhance growth within the IP sector. Additionally, Dr. Saurabh Saha has been nominated for election as an Independent Director at the upcoming 2023 Annual General Meeting on May 4, 2023. Dr. Saha, currently CEO of Centessa Pharmaceuticals (NASDAQ: CNTA), brings extensive experience in the pharmaceutical and biotech fields. Clarivate's CEO, Jonathan Gear, expressed confidence in Samson's ability to drive innovation and growth.

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On March 13, 2023, Clarivate Plc (NYSE: CLVT) announced that Jonathan Collins, Executive Vice President and CFO, will present at the BofA Securities 2023 Information & Business Services Conference on March 16, 2023, at 9:45 am Eastern Time. The live webcast of the presentation will be accessible online and available for replay afterward. Clarivate is a leading global information services provider specializing in connecting people and organizations to trustworthy intelligence across various sectors, including Academia & Government, Life Sciences & Healthcare, and Intellectual Property. For more details, visit clarivate.com.

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FAQ

What is the current stock price of Clarivate Plc (CLVT)?

The current stock price of Clarivate Plc (CLVT) is $4.99 as of December 24, 2024.

What is the market cap of Clarivate Plc (CLVT)?

The market cap of Clarivate Plc (CLVT) is approximately 3.5B.

What does Clarivate do?

Clarivate provides transformative intelligence, offering enriched data, insights, and analytics across sectors like Academia & Government, Intellectual Property, and Life Sciences & Healthcare.

What are some of Clarivate’s trusted brands?

Some of Clarivate’s most trusted brands include Web of Science™, Cortellis™, Derwent™, CompuMark™, MarkMonitor®, and Techstreet™.

Where is Clarivate headquartered?

Clarivate is headquartered in London and operates in over 100 countries.

How did Clarivate become an independent company?

Clarivate was formerly part of Thomson Reuters and became an independent company in 2016 after being sold to private equity.

When did Clarivate go public?

Clarivate went public on the New York Stock Exchange in 2019.

What recent advancements has Clarivate made in the field of cancer treatment?

Clarivate has been exploring the rapid pipeline growth and clinical trials in CAR T-cell therapies, particularly in China, as part of their commitment to innovative cancer treatments.

What is Cortellis CMC Intelligence™?

Cortellis CMC Intelligence™ is a solution that helps pharmaceutical, biotech, and generics companies streamline regulatory tracking and optimize lifecycle management for small molecules and biologics.

What is Epidemiology Intelligence™?

Epidemiology Intelligence™ combines epidemiological data with U.S. claims-based population insights to help biopharma companies accurately gauge market size and target patient demographics.

What is the purpose of the Trademark Watch Analyzer?

The Trademark Watch Analyzer is an AI-enhanced trademark protection solution that provides faster and more accurate answers to critical business questions by leveraging global trademark and case law data.

How does Clarivate enhance patient outcomes with HealthWise Data?

Clarivate's partnership with HealthWise Data integrates Social Determinants of Health (SDoH) attributes into its Real-World Data repository, offering nuanced patient insights to enhance outcomes and healthcare equity.

Clarivate Plc

NYSE:CLVT

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3.54B
389.32M
15.85%
92.75%
5.06%
Information Technology Services
Services-computer Processing & Data Preparation
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United States of America
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