SSL and online data room

Datarooms permit secure sharing of documents for due diligence, M&A, fundraising, legal disputes and many other uses. They can also include advanced features such as customizable permissions and granular tracking of activity watermarking, search capabilities and much more to decrease the risk of unauthorized sharing and theft.

Life science companies usually require a dataroom to send confidential documents to potential investors or partners for M&A deals or capital raising partnership negotiations. These documents could include IP ownership documentation as well as pharmacokinetic data, clinical trial results, as well as financial projections. This process is made more simple and more efficient through the capability to share these documents through a virtual dataroom.

Compare VDR providers to make sure they are certified and adhere to security standards. Visit their website to learn more about their security features and file sharing capabilities. Also, take a look at their certifications as some may require regular verification.

Hacking is possible even with the most secure VDR. It is important to educate users about data storage, permissions for access, and management of documents. Make training materials for users and sessions to facilitate familiarization. Consider adding digital watermarks for ultra-sensitive documents to avoid illegal downloads or leaks of information as well as to discourage accidental editing. Also, be sure to update documents and folders regularly. Old financial statements or outdated contracts could mislead the stakeholders and increase the likelihood of data breaches.