Market Intelligence news desk

WannaCry Malware Attack: An Eye-Opener for Businesses

The outbreak of the “WannaCry” malware attack on May 12, 2017 was an eye-opener for governments, public sector institutions, businesses and individuals around the globe. The scale, reach, pace of spread and impact of the attack was unlike any other cyber-attack before. This may only be the beginning and possibly a wakeup call for organizations and netizens across the globe.

Future of the Pharma-CRO Relationship: The Integrated Business Model

In September 2016, the CRO-pharma world witnessed a deal touted as “transformative” and “unprecedented” in nature. It’s expected to serve as a template for future partnerships in this industry, where sponsors are usually skeptical about the commitment of the CRO. Takeda and PRA Health entered an agreement which will make PRA Health the primary strategic partner for Takeda. Under this deal, apart from managing an entire pipeline of studies across Phase I-IV, PRA will provide its expertise in pharmacovigilance, and operational services and regulatory services for development and marketed products of Takeda. PRA will also manage operations of Takeda’s facilities in the US and Europe. Almost 300 Takeda employees have the option to transition to PRA in US and Europe. Recently, the partnership extended to Japan, where both companies will establish a joint venture called the “Takeda-PRA Development Center,” each holding 50% of the share. This will involve transferring an additional 140 Takeda employees.

Impact of Technology on Legal Services: Bridging the Gap Between Technology and Legal Services, Part 2

Blockchains are encrypted public ledgers and the underlying technology behind Bitcoin transactions. The impact of blockchains on legal services is twofold. On one hand, blockchain technology is likely to revolutionize the legal industry by changing the landscape for contract attorneys. It will not only keep records and transcripts immutable, but is also anticipated to bring a structured approach to the whole process. On the other hand, usage of blockchains across industries is driving the need for new regulatory boundaries and serves as a potential driver to a new service line emerging within the legal industry. Services like intellectual property are anticipated to get the most leverage out of this technology, as applicants can submit their trademark-related details through blockchain systems and, based on specific algorithms, the system can grant or dismiss it. An impermeable audit trail is a key trait that will encourage the use of this technology in legal services, with some firms, like Steptoe & Johnson and Hogan Lovells, already showing interest to try out the concept.

Bridging the Gap between Technology and Legal Services

The legal services industry is on the brink of abrupt technological disruptions with the introduction of enhanced technologies making its services cheaper, efficient and accessible. Currently, the legal services market is a fragmented one, with the top 100 law firms having nearly 20% of global market share. To keep themselves ahead, firms are embracing more progressive technological services like virtual law firms, digital platforms such as e-discovery, e-signature, contract life cycle management tools, blockchains and artificial intelligence. These emerging technologies are set to enable law firms to serve clients swiftly and with lower costs, thereby generating more credibility for their work.

The Current State of Pharma M&A Deals

2015 was a record-breaking year for mergers and acquisitions (M&A) in the pharmaceutical industry. According to data from Thomson Reuters and BioPharma Dealmakers, there were approximately 468 deals involving devices, therapeutic drug assets, diagnostics and medical insurance companies. In 2015, M&A deals represented a 10% increase over 2014 and a 90% increase over 2012, when deal-making was the lowest in that decade.

A Tale of Two Marketers: Intel and Pepsi

According to a survey by the Association of National Advertisers (ANA), nearly one-third of all major brands have established an in-house marketing agency. Brands like American Express, Gap, Wells Fargo, Target, Intel and Pepsi, just to name a few, all have in-house ad agencies. Key factors such as a need for a quicker response to market situations and a need for increased and direct involvement in customer relations are causing brands to move their advertising in-house. While some brands have improved their marketing efficiency through an in-house ad agency, most have struggled with producing effective brand campaigns.

The Future of Networking: White, Brite, or Otherwise?

Back in 2011, when the Open Networking Foundation (ONF) had just come to the fore, I had a discussion with the senior leadership of a premier networking organization. I specifically happened to ask them about the likely impact on their product portfolio, margins and GTM strategies given that enterprise buyers had a possible choice emerging to do away with something they had been long complaining about − vendor lock-ins and high CAPEX. The reaction from leadership was among expected lines. They didn’t want to admit that the open source community had any business in the enterprise networking domain, which was considered a sacred arena for the closed-platform behemoths such as Cisco, HP, Juniper and Huawei, among others. Fast-forward six years later, and they will hardly be able to sport the same attitude towards the concept. Thanks to ONF and Open Compute Projects (OCPs), the enterprise hardware landscape will never be the same again!

Chemical Exports from the US to Remain Strong in the Long-Term

As per current data, the US chemical industry is on a growth trajectory once again after a few years of negative growth. A large part of the positive outlook can be attributed to the abundance of shale gas. Not only is this being used extensively in-house, but ethane exports from the US are changing the global trade game altogether. There was growth across all production indicators for 2016, as well as a significant jump in the export numbers of chemicals and its feedstock.

Digital Transformation in Clinical Trials

To reduce overall costs associated with drugs, pharma companies must look for innovations in the pharma value chain and R&D, especially clinical trials, which represent a huge opportunity. GEP observes that, in this space, digital transformations like wearables, health apps and social media are being increasingly adopted by pharma companies and CROs alike, which will in turn improve the entire spectrum of patient recruitment, engagement and retention throughout the clinical trials study.

HRMS - An Essential Component of Day-to-Day Running of an Organization

Human Resource Management Systems (HRMS) is a foundational application suite used by organizations of all sizes across industry verticals. The need for a HRMS application is driven by several critical and potentially important business needs, including compliance and risk management, employee performance and cost management, operating efficient business processes, better retention, and higher workforce productivity.

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