26 January, 2023

Medical device companies face a complex process in bringing their products to market, from research and development to regulatory approval and commercialization. One central aspect of the process is managing sensitive information while facilitating collaboration between multiple stakeholders. This is where a deal room comes in. ShareVault provides cloud-based virtual data rooms where you can share and protect all of this information.

What Is a Deal Room?

A virtual deal room (VDR) is an online platform designed to securely store and manage classified information during a transaction. For medical device companies, a VDR enables the secure sharing and collaboration of confidential information.

This is useful between parties involved in the product development and commercialization processes. Deal rooms facilitate collaboration between partners, investors, regulators, stakeholders, and more.

ShareVault offers industry-leading security and customization solutions that provide seamless ease-of-use to the collaboration process while providing a more efficient VDR platform than other inadequate virtual deal rooms.

Benefits & Uses for Medical Companies

Here's how medical device companies can use a VDR to streamline their operations for a secure and efficient process:

Information Management

Medical device companies have access to a large amount of sensitive information. Research data, clinical trial results, regulatory submissions, and commercialization plans all require top-level security.

A ShareVault VDR provides a centralized repository for all of this information, making it easier for the company to manage and access it as needed. It also enables the company to control who accesses the information. With customizable controls, only authorized parties can view it.

Regulatory Compliance

The medical device industry is heavily regulated, and companies must comply with numerous regulations including HIPAA and 21 CFR Part 11. A VDR helps companies meet these strict requirements. By providing secure storage and communication channels, ShareVault helps safeguard your organization against compliance issues.

Due Diligence

A key part of the product development process is attracting investment and partnerships. A ShareVault VDR provides a secure and efficient platform for conducting due diligence, enabling medical device companies to share information with potential investors and partners. This can include research data, clinical trial results, and financial information.

Collaboration and Communication

The medical device development process involves multiple stakeholders. A ShareVault VDR provides a secure platform for collaboration and communication, enabling stakeholders to share information and ideas, track progress, and stay on top of deadlines.

Our virtual data rooms include highly secure communication channels. Our goal is simplified, stress-free collaboration that helps companies get their deals done.

Data Security

Medical device companies deal with highly sensitive information that must be protected at all times. ShareVault deal rooms provide robust security measures, including encryption, firewalls, and secure servers. There's no need to worry about the safety and confidentiality of the information stored in your VDR.

Deal Room Solutions for Medical Device Companies

A VDR is a powerful tool for medical device companies, providing a secure platform for information management, regulatory compliance, due diligence, collaboration and communication, and data security. By using a ShareVault deal room, medical device companies can streamline their operations, protect sensitive information, and attract investment and partnerships to bring their products to market.