Virtual Data Rooms for Life Science Companies

Virtual data rooms (VDRs) facilitate the entire due diligence process easier faster, more efficient and safer. While physical data rooms require dealmakers and interested parties to travel for hours to review a plethora of documents, using a VDR allows them to complete the process in just a few clicks. Additionally, the entire process is documented in a full audit trail.

For example the life science industry manages lots of intellectual property, from clinical trial results and HIPAA compliance to licensing IP and the storage of patient files. Life science companies use VDRs to safeguard and share this valuable information with outsiders.

Besides protecting confidential information, virtual data rooms also offer documents with specific permissions for users. Administrators can decide if users are able to view edit, download, or print files within the VDR. Administrators can also create custom watermarks that deter hackers from attempting to access files for illegal purposes.

While you look for the ideal VDR to meet your business requirements, remember that the best-in-class providers offer 24-7 customer support and multilingual help desk representatives. They’ll be there when need them most. When selecting a VDR ensure that you look at performance metrics like uptime, reliability, and cost. Be sure that the product they offer is compatible and easy to use with your current technology stack. You can also try their service for free to see what it can do for you.

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