Utilize a VDR to Streamline Life Sciences Fundraising

July 10, 2024

Introduction

In the fast-paced world of life sciences, bringing groundbreaking therapies to market hinges on effective collaboration and robust data management solutions. At Egnyte, we understand the unique challenges faced by life sciences organizations. Whether it's securely collaborating with biotech companies and their CRO partners or safeguarding intellectual property during due diligence for mergers and acquisitions, Egnyte recognizes the critical importance of secure data sharing and management. Egnyte also understands that life science companies can benefit from Virtual Data Room (VDR) solutions, such as Egnyte’s Document Room.

As mentioned during our 2024 Life Sciences Summit in partnership with Google Cloud, standard Document Room—a secure repository equipped with proven AI capabilities—has been added to our Egnyte for Life Sciences (ELS) and GxP plans.

So Why Now?

Biotech companies handle sensitive data on a daily basis, whether during research and development or while adhering to regulatory guidelines during clinical trials. Collaboration with partners, investors, and potential acquirers is essential, but it must be performed securely to maintain data confidentiality. Our Life Sciences customers are searching for a secure platform to meet their fundraising, due diligence, Mergers and Acquisitions (M&A) needs, along with other business development activities. The great news is that Egnyte Document Room provides the perfect fit.

How does Egnyte’s Virtual Data Room Impact Biotechs?

The majority of small- to mid-sized biotechs will seek funding or undergo due diligence during M&A at some point. Egnyte for Life Sciences Document Room is a secure repository that deploys our AI-powered capabilities to enable biotechs to easily find, access, and manage unstructured data while maintaining data confidentiality. Our document room provides a convenient user experience with a simple, straightforward portal for internal and external users, enhanced user analytics, and sharing controls.

Key Document Room features are summarized as follows:

A secure data environment that can be kept active for as long as you want it to be.
Enhanced auditing readiness through watermarking of documents to mediate screenshot exposure risk.
Granular permissions to control access and protect sensitive content, by enabling Document Room users to view only the Document Rooms for which they have access.
AI-powered Q&A for documents and document sets.
Automated detection of potential security threats and sensitive content (clinical and non-clinical).

Folder Permissions can be customized to align with your company's requirements.

Egnyte for Life Sciences Document Room supports a myriad of key business activities such as:

Investment Fundraising
M&A and Divestitures
Board Reporting
Auditing
Research, Manufacturing, & Alliances
Licenses & Partnerships

This Document Room example depicts a legal collaboration use-case.

See Egnyte Document Room in Action

Our commitment to supporting biotechs is exemplified by our introduction of the Document Room to Egnyte for Life Sciences (ELS) and GxP plans. We extend our gratitude to all our customers who helped shape this offering and look forward to new developments in the future.

To learn more about Egnyte's Document Room and how it can benefit your organization, click here to speak with an Egnyte Document Room expert.