SIGNiX: Independent, Evidence-based Digital Signature Solutions for the Life Sciences

Time is money in the life sciences industry. On average, the capitalized cost of a clinical trial is about $1.3 billion according to the Tufts Center for the Study of Drug Development, which can equate to as much as $1 million a day. With the ability to dramatically expedite the process of the all-important First Patient In (FPI) date at clinical research and site management organizations in the U.S., electronic signatures have become the defining, proven method for decreasing the time and cost of clinic trails. But the benefits of electronic signatures to the life sciences industry are not limited to the impact on clinical trials.

Other benefits include efficiency, cost reduction and enhanced data management, attributes that are important to any life sciences company. However, it can be challenging to provide the high level of security required in life sciences while also making the e-signature process easy to use. In the past, life sciences companies have had to use piecemeal solutions to signing – employing basic, less secure e-signature methods in areas where security was not vital and leaving regulated workflows to wet ink or complex technology. Yet, one digital signature company, SIGNiX, Inc., has challenged the statusquo. SIGNiX’s scalable, cost-effective solution is applicable across the entire security spectrum of transactions within life sciences, while retaining the ease-of use necessary for broad adoption. SIGNiX’s exceptional suitability to highly regulated verticals like pharma and life sciences is rooted in its ability to create and maintain legal evidence that is independent of SIGNiX.

The comprehensive audit trail attached to SIGNiX e-signatures provides independently verifiable evidence of the intent to sign along with information about when documents are viewed, when users are authenticated and more. Further, all documents and all versions of the documents are tamper evident. “Because the evidence backing a SIGNiX e-signature is embedded in the signed document, with no need to link back to SIGNiX, there is no expiration date on the e-signature. It can be validated in five, 10, 25 years or more,” said Jay Jumper, President and CEO of SIGNiX.