Clarivate Analytics Acquires Decision Resources Group

• Deal expands Life Sciences services and solutions portfolio to enable customers worldwide to accelerate life-changing innovations and improve patient outcomes and access


• Accretive to earnings in 2020 with opportunities for significant revenue and cost synergies


• Clarivate reaffirms standalone 2020 financial outlook


• Clarivate to host conference call today at 8:00 AM to discuss transaction

Clarivate Analytics plc , a global leader in providing trusted insights and analytics to accelerate the pace of innovation, today announced it has signed a definitive agreement to acquire Decision Resources Group (“DRG”), a premier provider of high-value data, analytics and insights products and services to the healthcare industry, from Piramal Enterprises Limited, part of global business conglomerate Piramal Group. The $950 million purchase price–approximately 12x trailing DRG Adjusted EBITDA, taking into account acquisition cost synergies but not revenue synergies–includes $900 million in cash and approximately $50 million in Clarivate ordinary shares to be issued following the one-year anniversary of closing. The acquisition is expected to be accretive to Clarivate earnings in 2020.

DRG specializes in enabling the world’s leading pharma, biotech and medical technology companies to achieve commercial success in complex health markets with the creation of effective patient-centric commercial strategies. Together, DRG and Clarivate will be well-positioned in the $19 billion Life Sciences analytics market, which currently is enjoying double-digit growth, to support customers across the entire drug, device and medical technology lifecycle from research to outcome. The combined business will offer a one-stop shop for Life Sciences customers, helping them to improve the commercialization of life-changing therapies. 

Jerre Stead, Executive Chairman and CEO, Clarivate Analytics: “This is a milestone acquisition which doubles the size of our Life Sciences business, is accretive to our 2020 earnings, and sets us up to become an essential, end-to-end, industry-leading data and analytics provider to the highly attractive Life Sciences ecosystem. We expect the acquisition of DRG to increase Clarivate’s total company revenue by 20%, deliver approximately $77 million in annual Adjusted EBITDA before the pursuit of any revenue synergies, and drive DRG’s Adjusted EBITDA margins towards Clarivate’s total company target of greater than 40%. 

“Both companies have a great heritage–built on talented people with deep industry subject matter and technical expertise. Together, we look forward to unlocking the tremendous potential of a unified team.” 

Ajay Piramal, Chairman Piramal Group: “We are pleased to have grown DRG’s market leadership over the last few years and believe that through this combination, Clarivate, with its size and scale, is well positioned to further accelerate DRG’s growth potential. This transaction demonstrates our continued commitment to create sustained long-term value for all stakeholders.

 “Along with the ongoing equity capital raise in PEL, this transaction not only further strengthens the company’s balance sheet but also marks another step towards significantly unlocking value in future.”

Mukhtar Ahmed, President, Science Group, Clarivate Analytics: “The addition of DRG’s services and solutions to our portfolio supports our focus on creating exceptional customer value through delivering highly specialized analytics and expert insights and a wider range of Life Sciences solutions that help solve our customers’ most difficult challenges when discovering, developing and commercializing new drugs, medical devices and technologies. The acquisition also means that by combining expertise, data and technologies, Clarivate will be able to pursue significant growth opportunities through new product development and deeper market penetration driven by offering our customers a broader portfolio of tools and services.”

Vivek Sharma, CEO, DRG: “I am excited for this acquisition as it creates an even more powerful platform for DRG’s AI and analytics-enabled solutions to support our customers in their quest to improve patient health outcomes. This new and expanded platform will further empower our employees to continue their focus on customer centricity and collaborative innovation with our customers.” 

DRG’s current CEO, Vivek Sharma, will depart the company following the completion of the transaction, when the business will join the Science Group at Clarivate Analytics, under the stewardship of Mukhtar Ahmed, President–Science Group. This Product Group includes both the Cortellis™ suite of Life Science intelligence solutions and Web of Science, the world’s largest publisher-neutral citation index and research intelligence platform.

60,355 India Priority Patents were Published between 2016 and 2018 - Clarivate Analytics Report

• Report by Derwent team shows consistent growth of innovation in the region


• The fastest growing areas, in terms of CAGR over the last 5 years, are Communications (+31%), Computing (+27%), Automobiles (+26%), and Instrumentation (+25%).

Clarivate Analytics plc (NYSE:CCC; CCC.WS), a global leader in providing trusted  insights and analytics to accelerate the pace of innovation, today released the 2019 edition of the India Innovation report and announced the winners of the India Innovation Awards.  

The 2019 India Innovation Report contains a comprehensive analysis of patents published between 2016 and 2018. The analysis was conducted using Derwent Innovation™, a leading patent research and analytics platform from Clarivate Analytics. The report shows that local innovation has grown at an average annual rate of 16% over the last five years, as measured by India priority patent publications (patents that are first filed in India). The share of India priority publications within the overall patents published in India has consistently grown from 25% in 2016 to 34% in 2018, suggesting a strengthening of local innovation. Of the top 30 organizations who published India priority patents, 18 are resident Indian organizations.

Amongst published patents, the top five technology areas identified in the report are Computing, Polymers & Plastics, Communications, Pharmaceuticals, and Electric Power Engineering.

The fastest growing areas are:

Industry area	Average five-year growth rate
Communications	31%
Computing	27%
Automobiles	26%
Instrumentation	25%

“The patent trends outlined in the report highlight India’s success as both a source and destination of innovation,” said Arvind Pachhapur, Vice President, Clarivate Analytics. “There is a growing number of innovative start-ups in the country. That, along with significant investments in R&D by leading companies in the region and the active participation of premier research and academic institutes in IP creation, speaks of an encouraging trend for the country"

KEY INSIGHTS of the Report:

• In the years from 2014 to 2018, India priority patent publications grew at a Compounded Annual Growth Rate (CAGR) to 16%.
  
  


• 60,355 India priority patents were published in the country between 2016 and 2018. This is an increase over previous study period (2015-17) that had 54,481 publications.


• India priority patents as a percentage of total patent publication in the country has risen consistently, from 25% in 2016 to 34% on 2018. This indicates steady growth in inventive idea of local origin, and the importance of India as a market to protect IP.  


• The top five organizations in this period by highest number of patents published are Huawei, Council for scientific & Industrial Research (CSIR), Samsung, Ericsson and Hindustan Aeronautics Limited (HAL).
  


• Out of the top 30 organizations based on India priority patents published, 18 are India Headquartered organizations.


• Among published patents, the top five technology areas identified are Computing, Polymers & Plastics, Communications, Pharmaceuticals and Electric Power Engineering.


• The fastest growing areas, in terms of CAGR over the last 5 years, are Communications (+31%), Computing (+27%), Automobiles(+26%), and Instrumentation (+25%).


• The awareness and importance given to patents in the academic sector continues progressively and the Indian Institutes of Technology lead the way alongside several private institutions.

The India Innovation Awards 2019 honor organizations and institutions on the merit of their patent portfolios. They are based on extensive patent portfolio analysis of almost 250 organizations that are headquartered in India and have more than 25 India priority patent publications across 2016-2018.The award selection criteria include overall volume of patent publications, number of unique inventions, patent grant success, extent of globalization of patents and the citations received by the patents.

This year, the following eleven organizations were declared winners in the corporate category:

Automotive: Tata Motors Ltd Mahindra & Mahindra Ltd	Chemicals & Energy: Indian Oil Corporation Ltd Dorf Ketal Chemicals India Pvt Ltd
Heavy Industries: Tega Industries Ltd Thermax Ltd	Information Technology: Wipro Ltd
Pharmaceuticals: Lupin Ltd Dr. Reddy’s Laboratories Ltd	Other: ITC Ltd EsselPropack Ltd

For a full list of the India’s most innovative organizations as well as further insight into the drivers of innovation in the region please visit: https://clarivate.com/derwent/blog/patent-analysis-reveals-indias-steady-growth-in-innovation-across-all-industries/

Derwent™, a Clarivate Analytics company, powers the innovation lifecycle from idea to commercialization – with trusted patent data, applications and services including Derwent Innovation™, Derwent World Patents Index™, Derwent Patents Citation Index™ and Derwent Data Analyzer™. We build solutions for inventors, patent attorneys and licensing specialists at start-ups and the largest global innovators, legal professionals at the leading intellectual property practices, and patent examiners at more than 40 patent offices. Our solutions are used to monitor technology trends and competitive landscapes, inform FTO opinions, prosecute patents, monetize and license assets and support litigation activities. 

About Clarivate Analytics

Clarivate Analytics™is a global leader in providing trusted insights and analytics to accelerate the pace of innovation. We have built some of the most trusted brands across the innovation lifecycle, including the Web of Science,™Cortellis,™ Derwent,™CompuMark,™ MarkMonitor™ and Techstreet.™ Today, Clarivate Analytics is on a bold entrepreneurial mission to help customers reduce the time from new ideas to life-changing innovations.

Clarivate Analytics’ new Report finds untapped Research Potential in South and East Asia

The Institute for Scientific Information at the Web of Science Group, a Clarivate Analytics company, today releases a new Global Research Report that reveals the untapped potential of the research base in South and East Asia.

The report examines the research output of 14 countries* in S&E Asia, their levels of international collaboration, and research Impact Profiles using data from Web of Science. It finds that – in terms of relative quantity and quality - research in the region still lags significantly behind its European and more established Asian neighbors (for example China, Japan and South Korea) and the authors make key recommendations for how S&E Asian countries might improve their national research performance.

Jonathan Adams, Director of the Institute for Scientific Information, says: “South and East Asian countries have deep roots in learning, culture and technology over millennia – Singapore has been recognized for 200 years as a crossroads for ideas in between the Indian and Pacific Oceans. But the data show that the untapped potential of the region is massive and, if the right actions are taken, this could underpin an impressive research network with global impact.”

The report recommends three actions to address the gap between economic development and research performance:

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  • Investing in people. The relative number of researchers in the workforce is still very small for many South and East Asian countries, and that must be linked to funding and development for higher education
  
  
  • Freeing universities to pursue their own programs of thought and innovation.
  
  
  • Devoting resources to research. The region has enormous resources, and the potential for innovation and achievement is vast. S&E Asian nations cannot afford to underinvest in scientific and technology education and research, if only to keep pace with other nations expanding their research economies.
  
  
  
  

The report also finds that, for S&E Asia nations other than Singapore, impact gained through international collaborations is very substantial and it is this activity that lifts their average research impact above world average. For some of the S&E Asia region, it is evident that many recent research achievements have been dependent on international links. Now, these countries are in an increasingly strong position to benefit from their own potential to grow through their national investments, through the emergence of a regional network, and through collaborations with neighboring countries. India is described in the report as a ‘sleeping giant’ of research, with a lower collaboration rate than most.

It should be noted that this report is one of only a few in-depth bibliometric studies of national activity and performance across S&E Asia. Most analyses published over the last decade have focused on the ASEAN members as a group or on individual ASEAN members in specific research areas.

The 14 countries included in this report are: Pakistan, India, Sri Lanka, Bangladesh plus the ASEAN states; Myanmar, Laos, Vietnam, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Brunei Darussalam, and the Philippines.


About Web of Science Group

Web of Science Group organizes the world’s research information to enable academia, corporations, publishers and governments to accelerate the pace of research. It is powered by the Web of Science – the world’s largest publisher-neutral citation index and research intelligence platform. Its many well-known brands also include Converis, EndNote, Kopernio, Publons, ScholarOne and the Institute for Scientific Information (ISI). The ‘university’ of Web of Science Group, ISI maintains the knowledge corpus upon which the index and related information and analytical content and services are built; it disseminates that knowledge externally through events, conferences and publications and it carries out research to sustain, extend and improve the knowledge base. The Web of Science Group is a Clarivate Analytics company. www.webofsciencegroup.com. @webofscience

About Clarivate Analytics

Clarivate Analytics plc (NYSE:CCC; CCC.WS) is a global leader in providing trusted insights and analytics to accelerate the pace of innovation. We have built some of the most trusted brands across the innovation lifecycle, including Web of Science™, Cortellis™, Derwent™, CompuMark™, MarkMonitor™ and Techstreet™. Today, Clarivate Analytics™ is on a bold entrepreneurial mission to help customers reduce the time from new ideas to life-changing innovations.

AIIMS-New Delhi, IISc Bangalore and others Bag India Research Excellence Awards announced by Clarivate Analytics

Clarivate Analytics, a global leader in trusted insights and analytics for research and innovation, has announced the seventh edition of the India Research Excellence – Citation Awards.  Since 2004, Clarivate Analytics has presented these awards to identify and recognize the most influential researchers and institutions for their outstanding and pioneering research contribution to the country.

This year’s awards were announced at an evening event at the Hotel Sheraton, New Delhi.  Distinguished speakers included Prof. Ashutosh Sharma, Secretary, Department of Science and Technology, Dr. Bhushan Patwardhan, Vice-Chairman, University Grants Commission, and Dr. Anand Desai, Research Policy and Assessment Advisor, Institute for Scientific Information. The awards ceremony celebrated eight individual researchers and eleven institutions for their exemplary research contributions.

The awards were based on indepth analysis conducted on data from the Web of Science citation index and InCites – a research performance and benchmarking tool. Highly cited research publications that imply high impact research published during the period 2012-2018 were an important criterion, among others, for the analysis.   An expert panel at the Institute for Scientific Information (ISI) took the metrics and qualitative review into consideration to decide on the recipient for each category.

Arvind Pachhapur, South Asia Head Clarivate Analytics, said: “We are grateful for this opportunity to recognize research excellence in India.  The country and the world at large benefits from impactful research that advances the frontiers of knowledge.  These awards celebrate the research excellence demonstrated by many outstanding researchers and institutions as captured in Web of Science.”

The individual award recipients are:

 

• Dr. Gautam R. Desiraju, Lifetime Achievement 

• Dr. Sujit Ghosh, Young Researcher

• Dr. Vinod Kumar Gupta, Research Excellence in Natural Sciences

• Dr. Anuradha Chowdhary, Research Excellence in Medical and Health Sciences

• Dr. Dinesh Mohan, Research Excellence in Engineering and Technology

• Dr. Narpinder Singh and Dr. Amritpal Kaur, Research Excellence in Agricultural Sciences

 

• Dr. Vikram Patel, Research Excellence in Social Sciences and Interdisciplinary Sciences

The institutional award recipients are:

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  • Indian Institute of Technology Roorkee, Institutions Established over 15 Years
  
  
  • National Institute of Science Education and Research, Institutions Established within 15 Years
  
  
  
  

 

• Indian Institute of Science (IISc), Research Excellence in Natural Sciences

 

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  • All India Institute of Medical Sciences, New Delhi, Research Excellence in Medical and Health Sciences
  
  
  • Indian Institute of Technology Roorkee, Research Excellence in Engineering and Technology
  
  
  
  

 

• Guru Nanak Dev University, Research Excellence in Agricultural Sciences

 

• Indian School of Business, Research Excellence in Social Sciences and Interdisciplinary Sciences


• Aligarh Muslim University, Central University


• Bharathiar University, State University


• Vellore Institute of Technology, Deemed or Private University


• Christian Medical College Vellore, College – Professional Degree


• Loyola College, College – General Degree

About Web of Science Group 

Web of Science Group organizes the world’s research information to enable academia, corporations, publishers and governments accelerate the pace of research.  It is powered by the Web of Science – the world’s largest publisher-neutral citation index and research intelligence platform. Its many well-known brands also include Converis, EndNote, Kopernio, Publons, ScholarOne and the Institute for Scientific Information (ISI).   The ‘university’ of Web of Science Group, ISI maintains the knowledge corpus upon which the index and related information and analytical content and services are built; it disseminates that knowledge externally through events, conferences and publications and it carries out research to sustain, extend and improve the knowledge base. The Web of Science Group is a Clarivate Analytics company.

About Clarivate Analytics 

Clarivate Analytics plc (NYSE:CCC; CCC.WS) is a global leader in providing trusted insights and analytics to accelerate the pace of innovation. We have built some of the most trusted brands across the innovation lifecycle, including Web of Science™, Cortellis™, Derwent™, CompuMark™, MarkMonitor™ and Techstreet™. Today, Clarivate Analytics™ is on a bold entrepreneurial mission to help customers reduce the time from new ideas to life-changing innovations. For more information, please visit clarivate.com.