BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILEVEEV

Veeva Systems

$35BPharma CRM + clinicalPharma & Biotech
3.88
B-index (V3.1)
BLACK HOLE
Capture1.432
Escape0.369
Key Structural Insight

Pharma's Salesforce. Built for a regulated industry where switching costs are amplified by compliance requirements.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth8/10
Memory7/10
Action7/10
Process8/10
Network7/10
Closeness7/10
Portability3/10
Substitutability4/10
Human Fallback4/10
Org Depth8/10
Momentum6/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.7492CES(d, m, a, p)
Knowledge synergy σₖ0.7483√(d · m)
Operability synergy σₒ0.7483√(a · p)
Synergy boost1.22451 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.40001 + 0.5·o
Momentum multiplier1.18001 + 0.3·t
Total Capture1.4321c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.3651CES(x, s, h)
Feedback attenuation0.7378max(0.3, 1 − 0.35·core)
Total Escape0.3693ε + escCore · feedback
B = Capture / Escape3.881.432 / 0.369

Scoring Rationale

CRM for pharma (Veeva CRM), clinical trial management (Vault), regulatory submission (Vault RIM). Every major pharma company uses Veeva. Switching = retraining sales force + migrating clinical data + re-establishing regulatory workflows.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE7
+1.11
PORT3
-0.58
SUB4
-0.50
FALL4
-0.50
MEM7
+0.39
ACT7
+0.39
DATA8
+0.36
PROC8
+0.36
NET7
+0.29
ORG8
+0.28
MOM6
+0.20
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsPharma & Biotech (5 peers)

#PlatformTickerB-indexZone
01IlluminaILMN5.78BLACK HOLEProfile →
02IQVIAIQV5.18BLACK HOLEProfile →
03Thermo FisherTMO4.38BLACK HOLEProfile →
04RocheROG.SW3.88BLACK HOLEProfile →
05ModernaMRNA1.86EVENT HORIZONProfile →