NetraMark Holdings Inc. (formerly Nurosene Health Inc.)
Climate Impact & Sustainability Data (2023-03)
Reporting Period: 2023-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The pharmaceutical industry faces challenges in novel molecule discovery and clinical trial execution due to small datasets.
- Securing necessary financing on acceptable terms.
- Fluctuations in interim and annual results due to various factors.
- Inaccurate sales and financial forecasts.
- Potential failure of NetraMark products to discover valuable enrichment criteria.
- Defects or disruptions in NetraMark products.
- Difficulty in maintaining existing clients and attracting new ones.
- Competition from other technology-enabled drug discovery companies.
- Lengthy and expensive pre-clinical and clinical development process with uncertain outcomes.
- Potential failures or security breaches in internal IT systems.
- Inadequate insurance coverage for substantial liabilities.
- Negative impacts from health epidemics (e.g., COVID-19).
- Unstable market and economic conditions.
- Lengthy and unpredictable regulatory approval processes.
- Lower than expected return on R&D investments.
- Smaller than anticipated market opportunities.
- Potential difficulties in managing future growth.
- Lack of analyst research coverage or unfavorable research.
- Potential adverse effects from healthcare and AI legislative reforms.
- Inability to obtain, maintain, enforce, and protect intellectual property.
- Risks associated with using open-source software.
- Potential challenges to trademarks and trade names.
- Potential intellectual property infringement lawsuits.
- Compliance with global privacy and data security requirements.
- Insufficient internal controls.
Mitigation Strategies
- Developed a novel topology-based algorithm to parse patient data and improve AI/ML methods for smaller datasets.
- Plans to improve operating cash flow through sales of NetraMark offerings and capital raises.
- Implemented work-from-home policies during the COVID-19 pandemic.
- Bolstering library of validation papers to support sales process.
- Securing The Morris Group for Quality Assurance to accelerate client contract signing.
- Attracting world-class strategic advisors with deep pharmaceutical industry experience.
- Engaging Pharma Targeting to accelerate lead generation.
- Reviewing available cybersecurity insurance coverage.