BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
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Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILEIQV

IQVIA

$45BHealthcare data monopolyPharma & Biotech
5.18
B-index (V3.1)
BLACK HOLE
Capture1.506
Escape0.291
Key Structural Insight

Healthcare's Bloomberg Terminal. The data is the moat. Re-creating IQVIA's dataset would take decades and billions.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth9/10
Memory8/10
Action7/10
Process8/10
Network7/10
Closeness7/10
Portability2/10
Substitutability3/10
Human Fallback3/10
Org Depth8/10
Momentum5/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.7984CES(d, m, a, p)
Knowledge synergy σₖ0.8485√(d · m)
Operability synergy σₒ0.7483√(a · p)
Synergy boost1.23951 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.40001 + 0.5·o
Momentum multiplier1.15001 + 0.3·t
Total Capture1.5057c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.2644CES(x, s, h)
Feedback attenuation0.7205max(0.3, 1 − 0.35·core)
Total Escape0.2905ε + escCore · feedback
B = Capture / Escape5.181.506 / 0.291

Scoring Rationale

Largest healthcare data and analytics platform. Anonymized patient records from 100+ countries. Clinical trial management for majority of top pharma companies. Switching means losing access to decades of historical data and re-establishing relationships with data providers.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE7
+1.48
PORT2
-1.04
SUB3
-0.82
FALL3
-0.82
ACT7
+0.50
MEM8
+0.47
PROC8
+0.47
DATA9
+0.44
NET7
+0.38
ORG8
+0.37
MOM5
+0.27
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsPharma & Biotech (5 peers)

#PlatformTickerB-indexZone
01IlluminaILMN5.78BLACK HOLEProfile →
02Thermo FisherTMO4.38BLACK HOLEProfile →
03RocheROG.SW3.88BLACK HOLEProfile →
04Veeva SystemsVEEV3.88BLACK HOLEProfile →
05ModernaMRNA1.86EVENT HORIZONProfile →