Virtual Data Room Usage in the Life Science Industry

23 Oct Virtual Data Room Usage in the Life Science Industry

If it’s for a merger or acquisition or a strategic partnership or a requirement from a regulatory agency to share documents with external parties, companies from the life science industry https://dataroom365.com/who-can-use-a-virtual-data-room/ often require a VDR to securely share confidential information. Because they often have multiple stakeholders, partners and users in an initiative, the ability to give individual permissions and real-time annotations could significantly enhance collaboration and productivity.

In addition, iDeals offers a granular permissions system that permits administrators to manage access to files by individuals or groups, including what they can do with them (print, download copies/paste, take photographs) and what types of devices they are able to access the data (computer, mobile). This level of security makes it easier to ensure that administrators adhere to the GDPR regulations, as well as other privacy-related requirements for data.

Apart from its sophisticated document management capabilities, iDeals also ensures that all documents stored in the VDR are backed up regularly to avoid data loss. This means that in the event of a technological malfunction or natural disaster, all the documents can be retrieved with little or no interruption to your business. This is especially important for organizations in the life science industry that are subject to strict regulations and stipulations. Furthermore, iDeals is hosted in top-of-the-line data centers that have multi-level redundancy, and comes with several security protocols that protect sensitive data from cyber attacks. This makes it a good choice for life science companies that need to protect their intellectual property while collaborating with their stakeholders, partners and investors.