IQVIA

IQVIA Overview

Company Headquarters: North Carolina, US

Founded: 1982

Workforce: ~58,000

Company Working: IQVIA, formed through the merger of IMS Health and Quintiles, is a leading global provider of advanced analytics, technology solutions, and contract research services to the life sciences industry. IQVIA applies human data science by leveraging the analytic rigor and clarity of data science to the ever-expanding scope of human science to enable companies to reimagine and develop new approaches to clinical development and commercialization, speed innovation, and accelerate improvements in healthcare outcomes. Powered by the IQVIA CORE, the company delivers unique and actionable insights at the intersection of large scale analytics, transformative technology, and extensive domain expertise. The company also delivers execution capabilities to help biotech, medical device, and pharmaceutical companies, medical researchers, government agencies, payers, and other healthcare stakeholders tap into a deeper understanding of diseases, human behaviors, and scientific advances, in an effort to advance their path toward cures. The company conducts operations in more than 100 countries, such as India, China, Australia, Africa, Belgium, Germany, and Brazil.

Strategy

IQVIA Company strategizes to be a leading provider of advanced analytics, technology solutions. The company aims to offer innovative technologies and value-added products and services to its customers around the world. It invests heavily in research and development to enhance its product portfolio. Further, IQVIA Company is strengthening its research and development activities worldwide by collaborating with the local players to strengthen its position regionally and globally

Company Snapshot

$6,815M

Revenue

58,000

Employees

1982

Founded

North Carolina, US

Headquarters

SWOT Analysis

Strengths

Global Presence
Revenue Performance
Strong Brand Image
Strong liquidity and cash flow
Strong presence in Asian and emerging markets
Robust partnership with biopharmaceutical companies

Weaknesses

Low Liquidity Position
Concerns pertaining to operation of internal control over financial reporting

Opportunities

Strategic Acquisition and Partnership
Scope for expanding portfolio through strategic acquisitions
Increasing investment in outsourced R&D projects

Threats

Competitive Pressure
Stringent Regulatory Environment
Currency Rate Fluctuation
Increasing risks of cyber threats
High competition among prominent industry providers

Key Developments

Date	Approach	Development
February 2020	Product Launch	IQVIA Inc. launched Avacare Clinical Research Network to augment the opportunities for clinical trials and research options. The Avacare Network is expected to accelerate clinical trials, reduce the cost of care, and advance research to match consumer requirements.

Product Offering

IQVIA COMPANY
- Audit Software

Financial Performance

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