Biotech & Pharma Product Licensing & Alliance Management

In today's clinical development landscape, both smaller and larger organizations can gain a competitive advantage by attaining the financial or marketing support and creating alliances with partner companies, either through pharmaceutical product licensing or co-development. Through these combined efforts, many companies will enjoy faster ROI and enhanced success in global markets.

To date, however, the management of these collaborative partnerships has proven to be a challenge. Sharing the necessary documentation with all relevant parties, whether through "snail mail" or email, is both slow and complex and presents a host of serious security concerns. Furthermore, many of these partnerships involve geographically-dispersed stakeholders-adding substantial postage expenditures to the cost of sharing documentation.

To help eliminate many of these costs and bring great efficiency to the collaborative process, TransPerfect developed Trial Interactive-the world's only clinical trial interactive data room solution specifically designed to meet the needs of life sciences organizations. Now, companies that are participating in licensing activities can securely share confidential product development information through an easy-to-use, web-based platform.

Pharmaceutical, biotechnology, and medical device companies, as well as research institutions with technology licensing strategies, are utilizing Trial Interactive to help streamline their pharmaceutical product licensing and alliance management activities. Its benefits include:

• Security - Your Trial Interactive site is hosted in a SAS 70 Level II compliant facility and is encrypted with multiple layers of security audits and controls, including:
• Viewing restrictions for selected documents by individual users or groups such as regulatory, clinical, financial, and other partner personnel
• Dynamic watermarking to stamp user name and date/time
• Optional click-through, user-definable confidentiality agreements
• User and group security modification function

• Convenient Organization - Sort information by document, user, date, and company for simple, convenient tracking of activity. Additionally, our document archiving capabilities help clients comply with the record retention requirements of licensing partners and company SOPs.

• Q&A - Customizable Q&A functionality allows administrators to set subject matter experts (i.e. Regulatory, Clinical, Quality Assurance, Finance, Business Development, etc), enabling participants to direct their questions to the correct individuals. Subject matter experts can either respond to the participant directly or post their answer to the FAQ page, viewable by all participants.

• Metrics & Activity Tracking - Review metrics and other activity by user, organization and/or company in a central location.

• Global Interface - Trial Interactive's user interface is available in 20 different languages, allowing each stakeholder to navigate the site in their preferred language.

• 24/7 Support - Average response time of under three minutes.

To learn more about how Trial Interactive can support your company's product licensing and alliance management efforts, please Contact Us.