Item 1B. Unresolved Staff Comments
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 1C. CYBERSECURITY
We are a clinical-stage biotechnology company and continue to mature as a public company since our initial public offering in 2020. We have developed cybersecurity policies, procedures and practices and an enterprise risk management program designed to align to the nature, size and scale of our business operations and cybersecurity threat profile.
Cybersecurity Governance
Our board of directors has delegated oversight responsibility for risk management, including cybersecurity risks, to our audit and risk committee , and such responsibilities are set forth in the audit and risk committee’s charter. At routine board meetings, the chair of the audit and risk committee regularly provides a report to the full board on the committee’s oversight activities.
As part of our enterprise risk management program, which is overseen by the audit and risk committee, we identify and review risks related to cybersecurity on a regular basis, including risks related to third-party access to our information technology systems. We conduct periodic enterprise risk assessments and report the results to the executive team and the audit and risk committee.
Our vice-president of information technology has primary operational responsibility for managing the overall cybersecurity posture and strategy, managing internal and external cybersecurity resources and organizing and leading efforts to prevent, detect and respond to cybersecurity incidents and threats. Our vice-president of information technology has 25 years of experience in information technology and most recently served as senior director of information technology operations and infrastructure at another biotechnology company . As part of our quarterly disclosure committee process, any significant cybersecurity issues, including any potential risks related to cybersecurity incidents, are discussed with our chief executive officer, chief financial officer and other members of the disclosure committee.
Cybersecurity Risk Management Strategy
Our cybersecurity risk management program is integrated into our overall enterprise risk management system . We have developed and implemented policies, procedures, practices and technology platforms designed to protect the information and systems that support our operations and assets. In developing our policies and procedures, we were informed by certain industry standards and guidelines. We routinely train our employees on cybersecurity awareness and our information security and data protection policies.
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We have policies and procedures designed to prevent, detect and respond to cybersecurity incidents or threats. We use industry standard security and monitoring systems that are managed by our internal information technology team with support from third-party IT services firms. We also periodically conduct security testing or hire third-parties to conduct security testing, such as phishing testing and penetration testing. The results of our security testing are reported to our vice president of information technology and, when relevant, with the wider executive team.
When engaging third-parties, we have procedures and protocols designed to protect our information technology systems and our confidential information. For example, before we grant third-parties access to our information technology systems, we typically require agreements with such third-parties, we ordinarily require such third parties to complete cybersecurity training and we typically require specific contract terms in our agreements with such third-parties.
To date, we have not identified any risks from cybersecurity threats, including those resulting from any previous cybersecurity incidents experienced by us or, to our knowledge, by any of our third-party service providers, that have materially affected, or are reasonably likely to materially affect, our business strategy, results of operations, or financial condition. Refer to the risk factor captioned “ Our business and operations would suffer in the event of computer system failures, cyber-attacks or deficiencies in our cyber security or cyber security of our collaborators, vendors and other partners. ” in Part I, Item 1A. "Risk Factors" for additional description of cybersecurity risks.