LadRx Corporation
Climate Impact & Sustainability Data (2022, 2023, 2023-09-30)
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Advance LADR-7 towards an Investigational New Drug application (IND) within 12 months.
Environmental Challenges
- Recurring and continuing losses from operations.
- Need for additional funding to continue operations.
- Significant challenges in raising capital.
Mitigation Strategies
- Partnership with Xoma Corporation, resulting in $5 million in gross proceeds.
- Reverse stock split to maximize flexibility in funding and uplisting.
- Redemption of outstanding warrants to improve capitalization structure.
- Exploring partnered and non-partnered funding and development strategies.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Filing an IND application for LADR7 by the end of the third quarter of 2024 or the beginning of the fourth quarter of 2024
Environmental Challenges
- Recurring and continuing losses from operations
- Need for additional funding to continue operations
- Challenging environments for small biotechnology companies with tight capital availability and liquidity
Mitigation Strategies
- Capital efficiency and lean operations
- Exploring partnered and non-partnered funding and development strategies for LADR™
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-09-30
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Submit a pre-IND meeting request to the FDA for LADR7 during the fourth quarter of 2023 and a full IND submission in the second quarter of 2024 (Note: this appears to be a typo in the report, likely meant to be 2024).
Environmental Challenges
- Substantial doubt about the Company’s ability to continue as a going concern due to loss from operations, accumulated deficit, and lack of recurring revenue.
Mitigation Strategies
- Seeking necessary debt or equity financing to continue operations until positive cash flow is generated.