Climate Change Data

BioSyent Inc.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Social Achievements

  • Initiated a quarterly dividend to shareholders.
  • Feramax® brand named the #1 Pharmacist and Physician recommended over-the-counter oral iron supplement brand in Canada for the seventh consecutive year.

Governance Achievements

  • Renewal of Normal Course Issuer Bid for a 5th consecutive year, reducing outstanding share count by approximately 16%.

Climate Goals & Targets

Environmental Challenges

  • Inflation, rising interest rates, supply chain strains, and the war in Ukraine.
  • Double-digit sales declines in the Company’s International Pharmaceutical Business and Legacy Business.
  • Reorganization proceedings with self-administration were opened in February 2023 under the Austrian Insolvency Code for the assets of the supplier of the Cathejell® product.
Mitigation Strategies
  • Strong balance sheet, cash position and zero debt.
  • Continued investment in long-term growth through the launch of new products and expansion of the field salesforce.
  • Monitoring and adjusting the total net monetary liability balance; using Dual Currency Deposits, foreign exchange options, and forward purchase contracts to manage foreign exchange transaction exposure.
  • Maximizing the interest income earned on excess funds while maintaining the liquidity necessary to conduct operations.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Feramax® #1 for Seventh Consecutive Year