NICOX SA
Climate Impact & Sustainability Data (2014-01 to 2014-06)
Reporting Period: 2014-01 to 2014-06
Environmental Metrics
Social Achievements
- Appointed Dr. Michael Bergamini as Executive Vice President, Chief Scientific Officer.
Governance Achievements
- Cooption of Adrienne Graves and Luzi von Bidder to the Board of Directors to replace Vaughn Kailian and Vicente Anido.
Climate Goals & Targets
Medium-term Goals:
- Launch several eye lubricants in Europe to complement the Xailin™ range.
- Strengthen sales network through distribution agreements in major international markets (including Japan).
Short-term Goals:
- Complete the acquisition of Aciex Therapeutics, Inc.
- Commercialize products in the US and Europe.
- Evaluate other companies and products for acquisition or licensing.
Environmental Challenges
- Liquidity risk: Cash and cash equivalents at the end of June were insufficient to guarantee continued operations for the next 12 months without new financial resources.
Mitigation Strategies
- Exploring several alternatives to address liquidity risk, including securing new financing solutions, signing distribution agreements with upfront license payments, concluding co-promotion agreements to share sales force costs, and reducing expenses, particularly commercial expenses.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: Ernst & Young Audit, NOVANCES– David & Associés