Uhh no. The biggest problem with drug research is the ridiculously high amount of initial capital it takes to develop a drug. You can't just throw out buzzwords like "startups" and "software" like they're a panacea.
http://www.newsobserver.com/2010/04/14/436028/drug-startup-a...
http://www.facebook.com/group.php?gid=2355897150
http://industry.bnet.com/pharma/10006932/biotech-start-up-fl...