Shares of Clarivate Analytics Plc (CCC) jumped 7% on January 17, after the company announced its plan to acquire Decision Resources Group, a provider of high-value data, analytics and insights products and services to the healthcare industry, from Piramal Enterprises Limited. The stock hit a new high of $18.93 on Friday before closing at $18.90.
Clarivate Analytics delivers critical data, information, workflow solutions and deep domain expertise to government and academic institutions, life science companies, and research and development corporations.
Early this month, Clarivate has sold its MarkMonitor brand protection, antipiracy and antifraud business to OpSec Security, to focus exclusively on domain management.
In December last year, the company had partnered with Blueprint Systems, Copyright Clearance Center and Remarque Systems. Blueprint Systems is a Gartner-recognized agile planning and compliance management software provider. Copyright Clearance Center provides solutions that combine licensing, content, software and professional services and Remarque Systems optimizes clinical trials through data using its cloud-based platform.
Clarivate expects to combine these partners' tools and technologies with its Cortellis suite of life science intelligence solutions to help drug and medical device developers.
When Clarivate reported its third-quarter results in November last year, revenues were almost flat at $243 million compared with $242.9 million in the year-ago quarter. Adjusted EPS, however, rose to $0.14 from $0.12 in the corresponding quarter last year.
For the full-year, adjusted revenue is expected to be in the range of $962 million to $995 million, while analysts see revenue of $972.83 million.
The company's fourth-quarter results are expected to be published on February 4.
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