Life Science Licensing and Due Diligence
In today’s highly competitive life science licensing environment, companies need a better, more efficient way to respond to potential opportunities 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 to conduct a “readiness” assessment to determine the steps necessary to bring their company to market.
Merrill DataSite virtual data room solution can be tailored to address the specific business needs inherent to licensing due diligence. Not only does Merrill DataSite streamline and improve the due diligence process, it provides uncompromised security to protect the company’s intellectual property.
Organized, efficient, secure
Merrill DataSite makes it easier to respond to potential partners and share information,
while keeping it 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 that you have established for them.
Real-time reports list exactly who reviewed which documents, when and for how long. Access is unlimited for all users worldwide, including question & answer (Q&A) functionality and notifications of new documents as they are added.
Merrill DataSite enables interested parties to:
- Share information more efficiently. Merrill DataSite’s convenient accessibility through the Internet allows you to more efficiently 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 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.
- Gain greater control over who has access to what information. A cornerstone of Merrill DataSite’s security is Variable Rights Management technology, which allows you to easily and securely establish user permissions and modify them as due diligence needs change. Multiple security levels can be defined. User privileges can be assigned for viewing, printing and downloading.
- Gather intelligence and plan proactively. Robust servers and state-of-the-art technology provide you with up-to-the-minute information regarding user activity. Merrill DataSite’s auditing and reporting tools track each user’s activities to the individual pages viewed and time spent on each page. This enables critical assessment of a party’s level of interest and provides you with intelligence on their specific areas of focus, while keeping a permanent record of their due diligence activities.
- Eliminate time-consuming and redundant administrative tasks. No need to produce large quantities of paper documents or create copies of critical business documents on CDs or DVDs. Invited parties simply log into Merrill DataSite to access the information they need, when they need it.
See for yourself how one of our clients benefited from Merrill DataSite>>
A trusted partner
Merrill DataSite Virtual Data Room (VDR) is an online deal room that optimizes the due diligence process by transforming the traditional paper data room into a secure online data room, accessible via the Internet. Merrill DataSite offers a secure and highly efficient method of sharing critical business information for electronic due diligence in M&A advisory, banking M&A, mid market M&A review, transfer of small business ownership when selling a company, document warehousing, mergers and acquisitions due diligence, succession in family business or when buying a business, IPO and secondary offerings, asset purchases, venture capital due diligence, bio tech licensing, commercial and corporate real estate ventures, liquidations, bankruptcies, financial restructure, liquidation analysis for bankruptcy, corporate debt restructuring, preparing for exit strategies, and many other transactions that require.
Merrill Corporation has been a trusted provider of secure information services to Fortune 500 companies in the financial and legal industries for nearly 40 years. Since 2002, Merrill DataSite has empowered 1.6 million visitors to perform electronic due diligence on thousands of transactions totaling trillions of dollars in asset value.
It is at the core of Merrill DataSite’s effort to share ideas and practices that can help organizations expand opportunities. Download and read a variety of documents for free, such as international surveys, summaries of field knowledge practical guides, and Case Studies of our clients and partners, from the DataSite Knowledge Center>>
