Evaluating the relationship between pharmaceutical companies and startups using natural language processing

Abstract

In recent years, pharmaceutical companies have been taking strategies to expand their business into areas beyond the conventional framework of treatment, such as business expansion into the areas of prevention and nursing care, and treatment using digital devices. Meanwhile, in the startup industry, the government has designated 2022 as the first year of startup creation, with a view to creating an ecosystem to create and nurture startups with a five-year, 10-fold increase in the number of startups. Thus, as demand on the part of pharmaceutical companies and supply on the part of startups increase, the number of cases of collaboration between the two sides is expected to increase in the future. However, the pharmaceutical industry is a conservative industry due to various regulations, while the startup industry is an industry where innovation and speed are important. Therefore, in addition to the size and technological gap between the two industries, there is also a time gap between the two. Therefore, the purpose of this study is to grasp the overall picture by organizing the diversified business activities of startups, and to clarify the relationship between pharmaceutical companies and startups by comparing the two using press releases on the part of pharmaceutical companies and business details on the part of startups.