Virtual Data Rooms Protect Intellectual Property

Virtual Data Rooms Help You Manage and Control your Intellectual Property

March 11th, 2010 - DRS, the European market leader for virtual data rooms and secure, confidential document exchange, sees a growing need for more security and control to protect Intellectual Property in the biotechnology sector.

Intellectual Property is the heart of any biotechnology company and the primary driver for most corporate business activity. However, sharing or licensing IP to prospective partners and/or potential buyers can run the risk of creating new competitors if the process is not managed properly.

Virtual data rooms allow companies to manage this process on their own and to keep control of their Intellectual Property at all times. You can grant one or multiple external parties access to your IP by specific invitation to a virtual data room, which utilizes the same high-level security standards used for corporate transactions. Because of detailed security and reporting functions, biotechnology companies can always see who has access to the data and administer access duration and privileges (for example, one mouse-click denies the viewer of your documents the ability to save anything he or she sees to a local hard drive). Furthermore, interested parties are invited to the virtual data room without your IT department having to grant access to your IT environment.

The use of virtual data rooms has already become standard for real estate and M&A transactions. As this type of platform generally employs high security and strong measures to maintain confidentiality, it is an effective way for Biotechnology companies to use their Intellectual Property effectively while safeguarding it completely.

Contact for the Media

Meike Mohr
Vice President Marketing
DRS Frankfurt
Eschersheimer Landstr. 6
60322 Frankfurt, Germany
P: +49 (0) 69 478640 - 280
M: +49 (0) 178 255 2071
F: +49 (0) 69 478640 - 1

meike.mohr@dataroomservices.com
www.dataroomservices.com