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Online data room and SSL

Datarooms allow secure document sharing for due diligence, M&A, fundraising, legal disputes, and other reasons. They can also include advanced features like customizing permissions as well as granular activity tracking watermarking and search capabilities to decrease the risk of unauthorized sharing of documents and theft.

Life science companies typically require a dataroom to send confidential documents to potential investors or partners for M&A deals, capital raising, and partnership discussions. These documents might include IP ownership documentation, pharmacokinetic data, clinical trial results, and financial projections. This process is made easier and more efficient due to the ability to securely share these documents in a virtual dataroom.

When you are comparing VDR providers, ensure that they are certified by reputable organizations and adhere to the industry’s security standards. Check their website to learn about security options and file-sharing features, and review their certifications, as some might require regular validation.

Even the most secure VDR is vulnerable to hacking. It is important to inform users of the data storage options and access permissions and management of documents. Make training materials for users and workshops to aid in familiarization. Consider adding digital watermarks for ultra-sensitive documents to avoid the unintentional downloading of files or leaks of information and also to prevent accidental edits. Update documents and folders regularly. The old financial statements or contracts can mislead stakeholders and increase the risk of data breaches.