Virtual data rooms (VDRs) are software platforms that allow users to store and share confidential documents in a safe environment. They are commonly employed in due-diligence processes but they can also be used in other situations. Most of the use instances involve mergers or acquisitions, which include the provision and review of large amounts of confidential data for all stakeholders.
Look for A VDR that allows you to specify who can do what. You might want to look at VDR features such as dynamic watermarking, two-factor authentication, or a complete audit track for digital rights management.
Processes of investment banking like IPOs, capital raising and M&A demand large-scale document sharing, which a virtual data room is well-suited to. These spaces allow collaboration and communication between a variety of participants, including those involved in due diligence, contract negotiation, and more. A VDR that is well-constructed will help biotech companies minimize risk to their business, and instead focus on transforming promising science into approved drugs that improve lives.
