Clarivate Plc
CLVTClarivate Plc (CLVT) is a global leader in providing trusted insights, analytics, and data solutions to accelerate the pace of innovation. The company offers a range of services, including research intelligence, intellectual property management, and scientific and scholarly analytics, serving industries such as pharmaceuticals, technology, and academia. Clarivate's platform helps clients discover new opportunities, protect intellectual property, and make informed decisions.
Company News
The global IP software market is experiencing rapid expansion, valued at $8.39 billion in 2024 and projected to reach $31.37 billion by 2033 at a 15.78% CAGR. Growth is driven by surging patent filings (3.55 million in 2023), increased outsourcing of IP management services, and strong demand from academia and the electrification supply chain. Nor...
Clarivate Board member Kenneth L. Cornick purchased 725,000 shares worth $2.5 million, signaling potential confidence despite the company's soft sales and significant debt. The stock remains challenged, with a 26% decline over the past year and ongoing profitability concerns.
The increasing prevalence of chronic diseases is driving the demand for advanced and effective treatments, highlighting the need for AI-powered drug commercialization. Pharmaceutical companies are leveraging AI for personalized medicine, improving drug development and market strategy. Rising partnerships between technology providers and pharmaceu...
Clarivate has launched Primo Research Assistant, an AI-powered library tool that provides instant answers to research queries and visibility into reliable sources, aiming to enhance academic integrity and discovery.
Clarivate has partnered with OhioLINK and SearchOhio to integrate their INN-Reach platforms, creating a unified library solution for Ohio. This partnership will expand Clarivate's presence in the academic market, but the company also faces near-term challenges like macroeconomic headwinds and competitive pressure.
