If it’s for a merger or acquisition, a strategic partnership, or a legal requirement to share documentation with external parties, companies in the life science sector often require the use of a VDR to securely share confidential information. Since they usually have multiple partners, stakeholders and users involved in an initiative, the ability to give individual annotations and permissions in real-time can significantly enhance collaboration and productivity.
Additionally, iDeals offers a granular permissions system that permits administrators to restrict access to files for individuals or groups, such as what they can do with them (print copies, downloads copies/pastes, take screenshots) and what types of devices they can use to access the information (computer, mobile). This level of security also makes it easy for administrators to adhere to the GDPR regulations as well as other privacy regulations related to data.
In addition to its advanced document management capabilities, iDeals also ensures that all documents stored in the VDR are regularly backed up to avoid data loss. This means that in the event of a technological malfunction or natural disaster, all the data will be recovered with little or no interruption to your business operations. This is particularly important for organizations in the life science industry that are subject to strict regulations and regulations. iDeals’ data centers are top-of-the-line, with various levels of redundancy. They also offer a variety of security protocols to protect sensitive data from cyber attacks. This makes it an ideal option for life science companies that need to protect their intellectual property while collaborating with their stakeholders, partners and investors.
