Climate Change Data

VIDAC PHARMA HOLDING PLC

Climate Impact & Sustainability Data (2022-2033e, 2023)

Reporting Period: 2022-2033e

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Accumulated losses of more than GBP 24.7 mn
  • Risks from upscaling the business model
  • High complexity of organisational growth
  • Translation risks from currency translation
  • Dependence on reimbursement, including from public health authorities and private health insurers
  • Uncertainty over approval
  • Competition with well-funded companies
  • Listing on the unregulated OTC market

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Employee well-being
  • Environmental responsibility (low energy consumption)
  • Responsible business conduct

Social Achievements

  • Implemented development and training programs for employees, creating a safe and motivating work environment. Increased investment in professional development and employee well-being to support their motivation and productivity. Initiatives were developed and implemented to improve work-life balance and promote healthy living.

Governance Achievements

  • Established an organisational structure with clear reporting procedures, lines of responsibility, and delegated authority, in line with the group’s governance framework, which the Board reviews regularly.

Climate Goals & Targets

Environmental Challenges

  • Clinical Drug Development Uncertainty
  • Patent Protection Compliance
  • Regulatory and Manufacturing Challenges
  • Ongoing Operating Losses
  • Financing Challenges
Mitigation Strategies
  • Conduct thorough preclinical studies.
  • Implement robust project management.
  • Diversify the product pipeline.
  • Secure partnerships to share costs and risks.
  • Establish a dedicated patent management team.
  • Implement a patent tracking system.
  • Engage experienced patent attorneys.
  • Regularly audit patent processes.
  • Develop a comprehensive regulatory strategy.
  • Maintain open communication with regulatory bodies.
  • Hire regulatory experts.
  • Invest in quality assurance systems.
  • Establish contingency plans.
  • Monitor and manage operational expenses.
  • Focus on milestone achievements.
  • Explore diverse revenue streams.
  • Implement cost-saving initiatives.
  • Develop a comprehensive financing strategy.
  • Maintain strong investor relationships.
  • Demonstrate clear milestones to attract investment.
  • Explore strategic partnerships.
  • Implement robust cash flow management.

Supply Chain Management

Climate-Related Risks & Opportunities