Mustang Bio, Inc.
Climate Impact & Sustainability Data (2022, 2024)
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- substantial doubt regarding our ability to continue as a going concern
- need to raise additional funding, which may not be available on acceptable terms to the Company, or at all
- intense competition for qualified personnel among biotechnology, pharmaceutical and other businesses
- potential for product liability claims
- reliance on third parties to conduct preclinical studies and clinical trials
- reliance on third parties for the manufacture of product candidates
- regulatory approval is never guaranteed
- potential for delays in obtaining regulatory approval
- product candidates may not gain market acceptance
- reimbursement may be limited or unavailable in certain market segments
- intense competition in the development and marketing of product candidates
- risks associated with establishing our own sales, marketing and distribution capabilities
- risks related to our control by Fortress Biotech, Inc.
- risks of computer system failures, cyber-attacks, or deficiencies in cybersecurity
Mitigation Strategies
- plans to raise additional funding through strategic collaborations, licensing arrangements, public or private equity or debt financing, bank lines of credit, asset sales, government grants, or other arrangements
- efforts to attract and retain key personnel
- obtaining limited product liability insurance coverage
- carefully managing relationships with third-party CROs or site management organizations
- establishing agreements with third-party manufacturers
- implementing internal security and business continuity measures and developing information technology infrastructure