All licensing deals to fund any research and development, clinical operations, and market expansion plans are resource and cost-intensive.
A data room is a secure, centralized online repository that enables you to lower due diligence costs, reduce transaction time periods, control information, and accelerate future deals. It helps you share business-critical data with internal as well as external parties from the beginning to the end of your deal.
Virtual Data room helps maximize your business development and licensing efforts.
Most pharmaceutical, biotech companies, and investment firms are entering into alliances and joint ventures at a brisk pace. The target can be a new drug, new or additional capital, or even strategic investment. Such business development and licensing deals fuel growth opportunities for companies of all sizes. As the rate of transactions increases, so does the number of hours and resources needed to conduct due diligence. Companies to raise capital, evaluate business or investment opportunities, speed up the due diligence process, and manage alliances and institutional knowledge. Virtual data rooms help you share sensitive corporate information with internal and external parties throughout the life of your deal. Using a data room eliminates the hassles of trying to email large files that have the risk of unauthorized and unsecured distribution. In addition, data rooms enable you to eliminate the costs, trouble, and security risks of faxing, printing, and overnight mail delivery. Moreover post-deal, virtual data room can also be used to support alliance management and the post-merger integration process. This is because once the deal is completed, the real work of unlocking synergies begins. Data rooms help you realize your business vision. Its process management capability, advanced information security, and comprehensive compliance and reporting services and features enable your business to flourish.
The data room facilitates your business development and licensing process and efforts
- The bank-grade security and the secure file-sharing platform of a virtual data room, its auditable, centralized point-of-access provides extensively secure controls for managing and distributing business sensitive data. This helps accelerate the due diligence process
- Enables automating time-consuming tasks, maximizes efficiencies, and gains a deeper understanding of real-time data, and analytics.
- Facilitates the initial outreach and tracking process
- Helps manage version control by establishing a single place to record all business-critical data and documents.
- Accelerates your deal with automated workflows as it ensures the free flow of information between parties
- Facilitates the creation of repeatable processes and infrastructure for future deals or for future reference
- Allows quick updating of sensitive business data without leaving the data room during the various stages of the progress of the deal
- The secure file-sharing platform offers greater security for the document during storage or in transit
- Enables establishing clear protocols to manage and exchange critical business information
- Allows multiple buyers to review documents in parallel, without each other knowing the existence of the other thereby considerably reducing the time required for due diligence
- A data room intuitive dashboard provides insight into the buyers’ intentions and activities by reporting the prospective buyer’s activities within the data room
- An investor data rooms information rights management capability secures your business’s critical data, even at the endpoint
- A data room allows you to extend critical business information to the largest possible universe of qualified investors in less time
- Enables you to customize, protect and watermark every shared document instantly
Conclusion:
A data room’s advanced security and secure file-sharing platform thus help you maximize your development and licensing efforts with a minimum of effort and maximum control.
The DocullyVDR team is a provider of a new generation secure data sharing platform designed for businesses. The team has extensive experience in working with document sharing platforms and has been assisting the Virtual Data Room community since 2019 by providing users with free information.