RE:RE:RE:interesting It was IQVIA Holdings, ticker IQV. He pointed out that IQV is the most comparable but provides lower value add services which, looking at IQV margins, seems likely. IQV gross margins of 35% and net margins of 4% historically, though analysts expect that to increase (not sure why, but it might be acquisition related). So just judging but profitability IQV appears to be a a low value add / commodity like business.