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The complex process of bringing a bio/pharmaceutical product, medical device or diagnostic tool from discovery to market is expensive, risky and time consuming. Simultaneously, the competitive landscape is getting more complex, and the FDA regulatory environment is becoming more demanding and rigorous. This is why life science professionals use our Virtual Data Rooms to streamline the secure exchange of confidential information to give them an advantage in this fast paced industry.
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The V-Rooms Difference
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Whether you are an institutional technology transfer officer or a life science professional working within a corporation, you can use V-Rooms to securely share thousands of confidential documents with an unlimited number of users. After the documents are uploaded into a secure, centralized document repository, you invite potential investors, researchers, partners and other team members, who may be located around the globe, to log in and have access to information in accordance with the permission levels that you have established for them.
As you review the subsequent real-time tracking reports, you are able to clearly determine exactly who uploaded each of the files, as well as who reviewed which documents. These reports provide you with useful and valuable marketing information and a compliant audit trail of the viewer's activity, an essential feature to have in the event that any dispute may arise in the future.
V-Rooms™ is completely customizable - no need to try to squeeze into an inflexible system - and is addressing the document intensive needs of the Life Science Industry. Maybe it's time to think outside the traditional box and give us a call - we excel in solving age old challenges with the next generation's solution. Join the growing number of organizations who have been helped by the V-Rooms™ team.
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Uses in the Life Science Industry
Technology Transfer - Technology Transfer Offices inside educational institutions face a daunting task of needing to selectively share a vast amount of confidential information with potential licensing partners. This process must be closely guarded to prevent the unintended disclosure of valuable intellectual property. By assigning each document to a security level, viewers can have access to that information only with your permission.
Business Capital Raising - Given the current financial markets, the need for life science firms to raise capital is an ongoing task. As the non-clinical research progresses and product development moves through numerous phases of testing and trials, the cash flow requirements increase substantially. Our V-Rooms program has assisted numerous companies in quickly raising capital with a proprietary online Private Placement Memorandum distribution and due diligence process.
Licensing and Due Diligence - Whether you are a biotech firm or medical device company, you can use V-Rooms to help you accelerate the due diligence process, by providing potential licensing partners access to a well organized virtual data room. You are able to explore multiple partnership opportunities simultaneously, assess their interest and secure a competitive licensing arrangement in an expedited fashion.
Document Repository - Life science research projects may generate thousands of documents and files over a period of several years. A document repository is an important part of an organization's information and knowledge initiatives. In today's world of global competition, smart organizations use these secure repositories for storage, collaboration and distribution of employees' and researchers' knowledge.
Board of Directors' Reporting - The secure exchange of critical documents between an organization's board members, officers and shareholders is crucial. Too often, sensitive information is sent via email because of tight deadlines and pressing workload requirements. In order to keep this information strictly confidential and available 24/7 on an international scale, it may be desirable to set up the documents in a centralized database in an external virtual data room outside of the organization's information technology system. You can then be assured that only select individuals will have access to this information, because you are in total control of user access.
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