The global pharmaceutical industry experienced a 34% drop in company filings mentions of corporate governance in Q4 2023 compared with the previous quarter, with the highest share accounted for by Bayer with 2467% year-on-year increase, according to GlobalData’s analysis of over 767 pharmaceutical company filings. GlobalData’s Pharma: Filings Trends & Signals Q4 2023 report delves into earnings call transcripts and quarterly reports within the pharmaceuticals industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.

Smarter leaders trust GlobalData


Data Insights Pharma: Filings Trends & Signals Q4 2023

Buy the Report

Data Insights

The gold standard of business intelligence.

Find out more

Notably, corporate governance was one of the most frequently referenced themes in Q4 2023, ranking highest in terms of mentions, ahead of cryptocurrencies and Covid-19, according to GlobalData.

Of the top leading companies in the pharmaceutical industry, Bayer had the greatest increase in references for corporate governance in Q4 2023, compared with the previous quarter. GlobalData identified 154 corporate governance-related sentences in the company's filings - 6% of all sentences - and an increase of 2467% in Q4 2023 compared with Q4 2022. Daiichi Sankyo’s mentions of corporate governance dropped by 47% to 94 and Sun Pharmaceutical Industries’s by 15% to 58 and Moderna’s by 267% to 33 and Merck’s by 10% to 22.

GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for corporate governance in Q4 2023 was 78.

For further understanding of GlobalData's Pharma: Filings Trends & Signals Q4 2023, buy the report here.

This content was updated on 8 January 2024

Data Insights


The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.


GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.