Welcome to our dedicated page for IQVIA Holdings news (Ticker: IQV), a resource for investors and traders seeking the latest updates and insights on IQVIA Holdings stock.
IQVIA Holdings Inc. (symbol: IQV) is a prominent player in the healthcare industry, formed from the merger of Quintiles and IMS Health in 2016. The company operates as a global leader in integrated information and technology solutions, driving advancements in healthcare. With a workforce of approximately 50,000 employees across more than 100 countries, IQVIA is dedicated to helping clients improve their clinical, scientific, and commercial outcomes.
Core Services:
- Research and Development (R&D): IQVIA provides outsourced late-stage clinical trials for pharmaceutical, device, and diagnostic firms. This segment focuses on delivering comprehensive research services to advance medical innovations.
- Technology and Analytics: The company offers aggregated information and technology services, catering to pharmaceutical companies, healthcare providers, payers, and policymakers. IQVIA's data and analytics capabilities extend to clinical trials, including virtual trials, ensuring efficient and effective trial outcomes.
- Contract Sales: IQVIA also maintains a small contract sales business, supporting the commercial needs of its clients.
Recent Achievements and Projects:
IQVIA continues to make significant strides in protecting individual patient privacy while leveraging healthcare data to deliver critical real-world disease and treatment insights. The company's commitment to innovation is evident in its ongoing projects and partnerships aimed at enhancing healthcare outcomes globally.
For more information, visit www.quintilesims.com.
IQVIA has launched the Clinical Data Analytics Suite (CDAS), a SaaS-based platform that integrates clinical trial data, enabling better access and predictive analytics. This solution aims to address the challenges posed by decentralized trials by allowing stakeholders to manage both structured and unstructured data efficiently. CDAS enhances decision-making in trial design and resource allocation, ultimately improving patient safety and accelerating drug development. Core components of CDAS are now available, demonstrating IQVIA's commitment to leveraging AI and machine learning in clinical research.
Q2 Solutions, a subsidiary of IQVIA, has announced a significant expansion at its Alba Campus in Livingston, Scotland. This development includes enhancing laboratory capabilities in areas such as genomics and flow cytometry, supporting growth in biopharma and pharma sectors. The expansion, supported by a multi-million-pound grant from Scottish Enterprise, aims to produce better patient outcomes and creates over 150 new jobs. Key advancements include next-generation genetic sequencing, advanced flow cytometry technologies, and a clean room dedicated to PBMC isolation.
Q2 Solutions, a subsidiary of IQVIA, has partnered with Tasso Inc. to develop diagnostic tests for decentralized clinical trials. Utilizing Tasso's patient-friendly blood collection devices, the collaboration addresses the increased demand for remote clinical trials during the COVID-19 pandemic. A pilot study validated Tasso's method against traditional blood draws, showing effective capillary blood volume retrieval. This partnership aims to enhance patient participation in clinical trials and improve diagnostic testing accessibility.
The IQVIA Institute's Global Oncology Report highlights a significant impact of COVID-19 on cancer care, with oncologists reporting 26% to 51% fewer cases than pre-pandemic levels. Despite these challenges, the oncology sector saw 3,500 new drugs in development, reflecting a 75% increase since 2015. In 2020, 17 innovative cancer drugs were launched globally, and oncology spending reached $164 billion, projected to rise to $269 billion by 2025. The report emphasizes the ongoing commitment of the global oncology community to enhance patient care despite the ongoing pandemic challenges.
IQVIA Holdings (NYSE:IQV) announced that CFO Ron Bruehlman will participate in a virtual fireside chat at the William Blair Growth Stock Conference on June 2, 2021, at 10:20 a.m. EDT. Investors can access the live audio webcast on the IQVIA Investor Relations website, with a replay available later that day. IQVIA is a global leader in analytics and clinical research, employing around 72,000 people across over 100 countries. The company focuses on enhancing patient privacy while delivering insights to improve healthcare outcomes through its innovative solutions.
The IQVIA Institute for Human Data Science released a report highlighting resilience in R&D activity despite COVID-19 disruptions in 2020. The report notes a 43% growth in the late-stage oncology drug pipeline since 2015, alongside a record 66 new drug approvals. Clinical trial productivity slightly increased but remains low due to trial complexity. R&D funding remained strong, unaffected by the pandemic, indicating robust strategic investments across the industry.
On May 11, 2021, Veeva Systems issued a statement countering IQVIA's misleading press release regarding an e-discovery ruling in their ongoing antitrust case. Veeva asserts that the ruling does not resolve key issues and is appealing it. All of Veeva's claims are proceeding to trial, which is expected to start in early 2023. Additionally, an investigation by the FTC into IQVIA's alleged anti-competitive practices is ongoing, highlighting concerns about IQVIA's data monopoly in the life sciences sector.
IQVIA (NYSE:IQV) recently won a significant legal battle against Veeva Systems (NYSE:VEEV) in the U.S. District Court of New Jersey. The court sanctioned Veeva multiple times for engaging in the destruction of evidence and covering up its wrongdoings, including the misappropriation of IQVIA's intellectual property. The ruling includes limitations on the use of evidence at trial and an award for legal fees. IQVIA expressed satisfaction with the decision, highlighting Veeva's deceitful practices and reinforcing the need for intellectual property protection.
IQVIA announced a collaboration with Corium, Inc. to support the launch of AZSTARYS™, a new treatment for ADHD approved by the FDA on March 2, 2021. This collaboration aims to enhance market engagement and streamline commercialization efforts. IQVIA will utilize its technology, analytics, and field services to connect healthcare professionals with Corium’s ADHD expertise. The partnership promises efficient engagement, leveraging IQVIA's Orchestrated Customer Engagement platform to maximize outreach. This initiative marks a significant step in providing effective treatment options for patients aged six and older.
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