Virtual data rooms that were introduced in the market only some time ago have already turned into venues crucially important during deal-making. Being thought of for fulfillment of M&A projects, virtual repositories have showed that they are convenient when it comes to execution of projects in many industries and spheres such as investment banking, legal sector, life science, biotechnological licensing, financial industries, accounting, real estate, family affairs, media, fundraising, energy, an others. Clinical researches also are on are included in the list of the spheres that may benefit significantly from a VDR utilization. Data Rooms Used For Clinical Knowledge Base. How It Really Performs with what is a vdr.

Clinical studies are always connected with investigation and storing of large volumes of inside information: trial findings, undercover data of the studies’ participants, etc. Clearly, this information under any conditions can be at danger of misuse, leakage, loss as the aftereffects could be hazardous and destructive. For this reason, those participating in clinical studies are supposed to ensure the documents’ safety and to choose a secure venue for storing the information. At the same time, this undisclosed files must be talked through with different stakeholders such as those working for life science enterprises, licensing partners, investors, etc. Hence, clinical professionals should keep the documents under protection and, simultaneously, make it available to certain groups. A virtual data room is a software that is able to meet all the mentioned requirements.

Mostly, virtual platforms are protected with a stable and holistic protection system that protects the files with such functions as firewalls, two-step user verification process, personally-identifiable dynamic watermarks, virus scanning, data encryption, etc. One of the innovative findings in documents’ security is referred to as “fence view” feature: a Print Screen button is blocked when a room user views files a repository and the possibility of a camera-based assault is reduced.

Aside from a multi-level security and comfortable place for data preserving, VDRs have various other benefits to provide the representatives of clinical studies with. In example, being open for an access 24/7 365 days a year worldwide, virtual rooms enables data exchange between scientists and researchers that are located in different regions. At the same time, Q&A section that is a part of a decent virtual data room equipment makes the interaction even more simple: all the recognized room users can discuss certain aspects concerning a certain document and the conversation is pinned to the file itself. Therefore, the clinical researchers might not just view the data kept in a virtual data room but also lead a crucial discussion within the virtual room.

When it comes to clinical trials, it becomes obvious that not all the users are allowed to obtain the identical access to the information. It means that, the VDR users are to be separated into the clusters reflecting the relevant level of data disclosure. VDRs provide their visitors with digital rights management that lets the virtual platform owners to select the required number of permission categories and impose confines on the access to the data. The other virtual room instrument, particularly – activity tracking, captures the data on all the action that took place in the VDR. The information on who visited the virtual platform, when, which folders were viewed and how long for is written in an audit report and helps the room administrators to find the most active and intent room users.

The other virtual platform trait is that it is pretty unproblematic to organize and keep. Such options as bulk and drag-and-drop uploading functions give the room owner a chance to pack the VDR with all the demanded data in a short period of time. The same tools have to be exploited to update the data room and to add the breakthrough clinical results. Hence, the repository administrators have a possibility to rapidly renew the data shared with room visitors and share with them the newest clinical findings and results. The listed characteristics explain why virtual platforms will be helpful during clinical studies: they seem to be perfect environments for storage of highly confidential and private information and for maintaining contact with geographically remote researchers and other groups of interest.