Unresolved Staff Comments
−Removed: Reporting Company as defined by Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure
−Removed: reporting obligations and therefore are not required to provide the information requested by this Item 1B.
+Added: As a Smaller Reporting Company as defined by Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting obligations and therefore are not required to provide the information requested by this Item 1B.
Cybersecurity
−Removed: We acknowledge the increasing importance of cybersecurity in today’s
−Removed: digital and interconnected world.
−Removed: Cybersecurity threats pose significant risks to the integrity of our systems and data, potentially impacting
−Removed: our business operations, financial condition and reputation.
−Removed: As a smaller reporting company, we currently do not have formalized
−Removed: cybersecurity measures, a dedicated cybersecurity team or specific protocols in place to manage cybersecurity risks.
−Removed: Our approach to cybersecurity
−Removed: is in the developmental stage, and we have not yet conducted comprehensive risk assessments, established an incident response plan or
−Removed: engaged with external cybersecurity consultants for assessments or services.
−Removed: Given our current stage of cybersecurity development, we have not experienced
−Removed: any significant cybersecurity incidents to date.
−Removed: However, we recognize that the absence of a formalized cybersecurity framework may leave
−Removed: us vulnerable to cyberattacks, data breaches and other cybersecurity incidents.
−Removed: Such events could potentially lead to unauthorized access
−Removed: to, or disclosure of, sensitive information, disrupt our business operations, result in regulatory fines or litigation costs and negatively
−Removed: impact our reputation among customers and partners.
−Removed: We are in the process of evaluating our cybersecurity needs and developing
−Removed: appropriate measures to enhance our cybersecurity posture.
−Removed: This includes considering the engagement of external cybersecurity experts
−Removed: to advise on best practices, conducting vulnerability assessments and developing an incident response strategy.
−Removed: Our goal is to establish
−Removed: a cybersecurity framework that is commensurate with our size, complexity and the nature of our operations, thereby reducing our exposure
−Removed: to cybersecurity risks.
−Removed: In addition, our board of directors will oversee any cybersecurity
−Removed: risk management framework and a dedicated committee of our board of directors or an officer appointed by our board of directors will review
−Removed: and approve any cybersecurity policies, strategies and risk management practices.
−Removed: Despite our efforts to improve our cybersecurity measures, there can
−Removed: be no assurance that our initiatives will fully mitigate the risks posed by cyber threats.
−Removed: The landscape of cybersecurity risks is constantly
−Removed: evolving, and we will continue to assess and update our cybersecurity measures in response to emerging threats.
−Removed: For a discussion of potential cybersecurity risks affecting us, please
−Removed: refer to the “Risk Factors” section.
−Removed: On February 2, 2022, we entered into a lease agreement for approximately
−Removed: 15,538 square feet of corporate office and laboratory space in Billerica, Massachusetts.
−Removed: The lease has a term of 92 months with the rent
−Removed: escalating from $14,317 to $26,453 per month over the lease term.
+Added: We acknowledge the increasing importance of cybersecurity in today’s digital and interconnected world.
+Added: Cybersecurity threats pose significant risks to the integrity of our systems and data, potentially impacting our business operations, financial condition and reputation.
+Added: As a smaller reporting company, we currently do not have formalized cybersecurity measures, a dedicated cybersecurity team or specific protocols in place to manage cybersecurity risks .
+Added: Our approach to cybersecurity is in the developmental stage, and we have not yet conducted comprehensive risk assessments, established an incident response plan or engaged with external cybersecurity consultants for assessments or services.
+Added: Given our current stage of cybersecurity development, we have not experienced any significant cybersecurity incidents to date.
+Added: However, we recognize that the absence of a formalized cybersecurity framework may leave us vulnerable to cyberattacks, data breaches and other cybersecurity incidents.
+Added: Such events could potentially lead to unauthorized access to, or disclosure of, sensitive information, disrupt our business operations, result in regulatory fines or litigation costs and negatively impact our reputation among customers and partners.
+Added: We are in the process of evaluating our cybersecurity needs and developing appropriate measures to enhance our cybersecurity posture.
+Added: This includes considering the engagement of external cybersecurity experts to advise on best practices, conducting vulnerability assessments and developing an incident response strategy.
+Added: Our goal is to establish a cybersecurity framework that is commensurate with our size, complexity and the nature of our operations, thereby reducing our exposure to cybersecurity risks.
+Added: In addition, our board of directors will oversee any cybersecurity risk management framework and a dedicated committee of our board of directors or an officer appointed by our board of directors will review and approve any cybersecurity policies, strategies and risk management practices.
+Added: Despite our efforts to improve our cybersecurity measures, there can be no assurance that our initiatives will fully mitigate the risks posed by cyber threats.
+Added: The landscape of cybersecurity risks is constantly evolving, and we will continue to assess and update our cybersecurity measures in response to emerging threats.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.