Life Science Licensing and Due Diligence

NEW YORK, NY, January 15, 2011 (Press-News.org) In today's highly competitive life science licensing environment, companies need a better, more efficient way to respond to potential opportunities, perform due diligence and protect their interests. Increasingly, licensing professionals are relying on virtual data room (VDR) technology to save time, minimize risk and gain more control over the licensing process.

In light of the risk-averse nature of today's buyers, the best approach is to begin due diligence information gathering as far in advance as possible, consult with experts to develop the ideal targeted deal and conduct a "readiness" assessment to determine the steps necessary to bring their company to market.

Merrill DataSite can be tailored to address the specific business needs inherent to perform licensing due diligence. Not only does Merrill DataSite life science software streamline and improve the due diligence process, it provides uncompromised security to protect the company's intellectual property.

Organized, efficient, secure

Merrill DataSite life science software makes it easier to perform due diligence, respond to potential partners and share information, while keeping the data protected. Documents are easily uploaded into a secure, centralized online document repository, where invited parties log in to conduct due diligence in accordance with the permission levels established for them.
Real-time reports list exactly who reviewed specific documents, when, and how long they've been looking at them. Notifications of new documents added are sent to all the users worldwide.

Share information more efficiently.

Merrill DataSite's life science software is conveniently accessible through the Internet and allows you to more efficiently perform due diligence and share information within your company and with your partners. Authorized parties simply log into a secure Web browser to access Merrill DataSite - from any location at any time.

Prevent inadvertent disclosure of privileged information.

Merrill DataSite is an excellent "pre-launch" platform, where documents can be prepared before they are shared with potential partners. You can use Merrill DataSite's comprehensive search tools to preview all information in the entire database to ensure that critical information is appropriately presented and protected, and that all user permissions are correctly assigned. Site administrators can quickly and securely grant users access, and allow or deny print and/or download permissions.
Ensure secure viewing.

Merrill DataSite life science software controls document viewing so that information is never left unprotected on the user's PC. Unlike other virtual data room platforms that use technology requiring downloads of additional software, images are never left to cache on the viewer's PC. Documents are viewed as encrypted images through Merrill DataSite's secure viewer - no files are left on the user's hard drive. Merrill is the Application Service Provider (ASP) and does not subcontract hosting management.

Rapidly respond to potential partners' questions.

Using Merrill DataSite's integrated Q&A platform, you can track and respond to user inquiries. Queries and responses are available for immediate action through sharing, reporting and downloading. The Q&A Forum eliminates the need to track individual e-mails or compile spreadsheets, while also enhancing security. It provides a private, community-based forum for user groups to ask questions and site managers to provide responses. Each question is automatically associated with the related document or folder.

About Merrill DataSite

Merrill DataSite is a secure virtual data room (VDR) solution that optimizes the due diligence process by providing a highly efficient and secure method for sharing key business information between multiple parties. Merrill DataSite provides unlimited access for users worldwide, as well as real-time activity reports, site-wide search at the document level, enhanced communications through the Q&A feature and superior project management service - all of which help reduce transaction time and expense. Merrill DataSite's multilingual support staff is available from anywhere in the world, 24/7, and can have your VDR up and running with thousands of pages loaded within 24 hours or less.

With its deep roots in transaction and compliance services, Merrill Corporation has a cultural, organization-wide discipline in the management and processing of confidential content. Merrill DataSite is the first VDR provider to understand customer and industry needs by earning an ISO/IEC 27001:2005 certificate of registration - the highest standard for information security - and is currently the world's only VDR certified for operations in the United States, Europe and Asia. Merrill DataSite's ISO certification is available for review at http://www.datasite.com/security.htm.

As the leading provider of VDR solutions, Merrill DataSite has empowered nearly 2 million unique visitors to perform electronic due diligence on thousands of transaction totaling trillions of dollars in asset value. Merrill DataSite VDR solution has become an essential tool in an efficient and legally defensible process for completing multiple types of financial transactions.
Learn more by visiting http://www.datasite.com today