Virtual Data Room Usage in the Life Science Industry

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Companies that operate in the field of life sciences require the use of a VDR for sharing confidential information securely in the event of a merger, acquisition, strategic partnership or regulatory obligation. Because they often have multiple stakeholders, partners and users in the same project, the ability to customize permissions and real-time annotations could significantly improve collaboration and productivity.

Additionally, iDeals offers a granular permissions system which allows administrators to limit access to files granted to individuals or groups, such as what they can do with them (print copies, downloads copy/paste, or take photos) and the kinds of devices they are able to use to access the data (computer or mobile). This degree of security makes it simple for administrators to comply with the GDPR regulations, as well as other data privacy requirements.

Alongside its advanced document management capabilities, iDeals also ensures that all documents stored in the VDR are regularly backed-up to prevent data loss. This means that in the event of a technical malfunction or natural disaster, all data is able to be recovered with minimal or no disruption to your operations. This is especially crucial for companies in the life sciences industry that are subject to strict regulatory standards and requirements. Moreover, iDeals is hosted in top-of-the-line data centers with multi-level redundancy as well as numerous security protocols to safeguard sensitive information from cyber-attacks. This makes iDeals a good option for companies in the life sciences sector that must protect intellectual property and work with their investors, partners and other stakeholders.

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