Life Science clients, including pharmaceutical, biopharmaceutical/biotechnology and medial device/scientific instrument companies are looking for a better way to share, yet protect, proprietary information during due diligence with their external partners. This information may include scientific studies, clinical trial protocols and reports, regulatory filings, intellectual property (IP) summaries and filings, financials, market research and more. How can Merrill DataSite® help and what should you look for when comparing solutions and making a purchase decision?
A recent case study conducted by Merrill DataSite profiled an emerging biotech company as it took its new drug from proof of concept to development. It sought a global pharmaceutical firm to license, co-develop and improve on its commercialization efforts. The company attracted multiple interested parties for out-license projects, each of whom undertook detailed due diligence. As part of this process, the company shared highly confidential clinical and operation information with each potential partner.
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 technology to save time, minimize risk and gain more control over the licensing process.
Many leading life science companies prefer the Merrill DataSite virtual data room solution to address their specific business needs. Not only does Merrill DataSite streamline and improve the due diligence process, it provides uncompromised security to protect the company’s intellectual property.
What matters is pages and don’t pay for them until you load them and USE them on the site. Paying $85,000 for 100,000 pages as an “enterprise” agreement may sound like a bargain until you end the year with 50,000 pages and realize you just paid $1.70 per page for what you really used. Don’t get fooled either by someone telling you that the cost of pages over the initial “enterprise” agreement can only be bought in “blocks” of 10,000 pages at a time. Does 10,000 pages for $5,000 sound like a bargain? It does until you only use 3,000 of them. They just cost you $1.60 each and you PAID for them upfront too!
Merrill DataSite looks at your live pages each month and sends you a simple bill per page, per month and it’s about 30% less than the pricing above. Also, we have no extras for “out of scope” and “after hours” charges or for any of our other 24 hour services. It’s all included in the simple per page per month rate.
We want to do a live demonstration, in your offices and give you a legally binding statement of work with all pricing at the conclusion. With more than 5,000 new projects last year, and nearly 2 million unique visitors performing electronic due diligence on thousands of transaction totaling trillions of dollars in asset value we hope you will choose Merrill DataSite to help with your next project.
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 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