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