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For mergers or acquisition or strategic partnership or a regulatory requirement to share documentation with external parties, companies within the life science industry often require the use of a VDR to securely share confidential information. Since they often have multiple partners, stakeholders and users involved in the project, the capability to provide customized permissions and real-time annotations could greatly improve collaboration and efficiency.

iDeals also offers access to granular permissions that permit administrators to control the access to files for individuals or groups. This includes the things they can do (print downloads, copy/paste and screenshots) and the devices they can access (computers and mobiles). This degree of security makes it easy for administrators to adhere to GDPR regulations and other privacy-related requirements for data.

iDeals along with its advanced document management features, makes sure that all files stored in the VDR will be regularly backed-up. This will prevent data loss. This means that in the event of a technological malfunction or natural disaster, all the data can be recovered without causing any disruption to your operations. This is especially crucial for businesses working in the life sciences industry that are subject to strict regulations and standards. Furthermore, iDeals is hosted in top-of-the-line data centers with multiple levels of redundancy and several security protocols that protect sensitive information from cyberattacks. This makes it a good option for life science companies that need to protect their intellectual property while collaborating with their stakeholders, partners and investors.