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Benefits of employing VDR for clinical trials

Posted on by Confiex Team

Last updated on June 26th, 2023 at 10:32 am

INTRODUCTION

Clinical Trials are scientific studies that are carried out to prevent, diagnose or treat a disease. These clinical trials produce high-quality data that enables healthcare decision making. They are one of the final stages of a long, careful, capital intensive research and development process. Often clinical data requires collection of confidential personal data of the volunteer’s health information as well as other sensitive information.

It needs to be ensured that these details as well as the results of the trial are kept secure and are not compromised in any way to cause any privacy infringement. So Virtual Data Rooms are most apt for storing and sharing of clinical trial program data, because they are not only secure but provide a host of other benefits also.

VDRs

VDRs provide access control and encryption through which one can limit a user’s access to certain files within the data room. This means unauthorized employees or even investors themselves will not be able to access files or information that is strictly intended only for the research team. Moreover, another important feature is that this permission of access can be revoked anytime, so that data can be protected from persons or party who are no longer part of the research. VDRs also facilitate auditing of access wherein the owner can access information about who accessed which files, how many times, for how long and even what they did with those files.

The data encryption is essential to protect the data from hackers, who normally target medical data. This data is permanent in nature and hence cannot be cancelled or replaced like in credit cards. Data encryption also helps protect the information about new drugs or processes or equipment’s from competitors.

Other safety features that VDR offer for a clinical trial program includes multi-factor verification systems, identifiable customized watermarks, virus scanning and fence-view option. Besides you also have the option of controlling what the users can do or cannot do with the data they have access to. You can prevent copying, downloading, printing of the accessed data. Although you cannot prevent photos from being taken and the content leaking, the feature of VDRs that assigns customized, unique watermark to each user enables one to determine where a leak originated from and this facilitates proof to take legal action against the person or party responsible for the leak.

Clinical data

Clinical data has huge volume of data that needs to organized and stored properly which is a herculean task in a physical data room. The numerous features of a VDR saves time by bulk uploading and organizing in proper folders. They also allow you to search, find and access these files quickly at any given time without any hassles.

VDRs are also cost-effective as they mitigate costs of site-monitoring and security, copying, printing and transporting of data. Besides VDRs can be accessed from any part of the world, even while you are travelling and it allows multiple users to access the data at the same time in complete privacy.

VDRs also allows and facilitates research teams located in different countries or regions to engage in discussions easily and analyse results across different time zones.

VDRs also facilitates simultaneous due diligence by authorities of various countries together for the purpose of easy licensing or approval of a drug globally.

 

 

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Confiex Team

The Confiex team specializes in providing premium virtual data room solutions tailored for businesses. With their vast experience in working with document sharing platforms, they have been actively supporting the Virtual Data Room community since 2015 by offering valuable information to users free of charge.

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About Confiex Data Room

Confiex Data Room is a trusted provider of premium virtual data rooms with over 5 years of on-ground experience and more than 11 years of industry experience. Headquartered in the financial capital of India, we have a strong partner network in the US and the UAE. Our global customer base spans across 100 countries, and we have successfully facilitated over 900 M&A deals, 100 IPO deals, and 90 NCLT deals. We are committed to providing users with valuable information on document security and Virtual Data Room (VDR) solutions. Discover more about Confiex Data Room.

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