Klaria Pharma Holding AB (publ)
Climate Impact & Sustainability Data (2017)
Reporting Period: 2017
Environmental Metrics
Social Achievements
- Klaria became a member of the Medical Technology Enterprise Consortium (MTEC), a US consortium.
Climate Goals & Targets
Environmental Challenges
- High risk level in the pharmaceutical development business, no guarantee of successful product development, obtaining necessary permits, or market acceptance of launched drugs.
- Potential side effects of products could delay or halt product development and limit or prevent commercial use.
- Intense competition in the industry.
- Regulatory risks and uncertainties regarding approvals and market access.
- Dependence on collaborations with distributors and other distribution channels.
- Risk of patent infringement.
- Product liability risks.
- Dependence on key personnel.
- Risk of insufficient patent protection.
- Currency risk due to future sales primarily in foreign currencies.
- Growth and recruitment needs.
- Liquidity risk in the stock.
- Legal risks related to operating in multiple countries.
Mitigation Strategies
- Maintaining product liability insurance.
- Securing a licensing agreement with Purdue Pharma (Canada) for KL-00514 (naloxone) for opioid overdose treatment, including financial support and access to the global market.
- Establishing collaborations in drug development and regulatory expertise.
- Analyzing the effects of IFRS 15 and IFRS 9 on the company's financial statements.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: Crowe Horwath Osborne AB