Item 1B. Unresolved Staff Comments
Item
1B. Unresolved Staff Comments.
Not
applicable.
Item
1C. Cybersecurity.
We
operate as a pre revenue company in the biotechnology sector, which is subject to various cybersecurity risks that could adversely affect
our business, financial condition, and results of operations, including intellectual property theft; fraud; extortion; harm to employees;
violation of privacy laws and other litigation and legal risk; and reputational risk. We recognize the importance of assessing, identifying,
and managing material risks associated with cybersecurity threats. Both our executive management team and our board of directors are
involved in the assessment, identification, and management of such risks, including prevention, mitigation, detection, and remediation
of cybersecurity incidents. We do not engage outside assessors, consultants, auditors or other third parties in connection with our assessment,
identification and management of material risks associated with cybersecurity threats.
Our
executive management team, including our president and chief financial officer, are responsible for day-to-day assessment, identification
and management of material risks from cybersecurity threats, including the prevention, mitigation, detection, and remediation of cybersecurity
incidents. The executive management team monitors current events in order to remain aware of current cybersecurity threats and is informed
of cybersecurity incidents as they arise by our employees. Our president and chief financial officer are experienced business executives
and as such have experience with regard to assessing and managing such cybersecurity risks. Our executive management team reports information
about such cybersecurity risks to the board of directors.
Our
board of directors is responsible for oversight of risks from cybersecurity threats in conjunction with our executive management team . Our board of directors receives updates from our management team with
respect to risks from cybersecurity threats and are notified of any new significant cybersecurity threats or incidents as they arise .
Additionally, our board of directors considers risks from cybersecurity threats as part of its overall assessment of risk management,
including its general oversight of the Company’s business strategy, risk management policies, and financials.
To
date, no cybersecurity incident (or aggregation of incidents) or cybersecurity threat has materially affected our business strategy,
results of operations or financial condition, and we are not aware of any cybersecurity incidents that are reasonably likely to materially
affect the Company, including our business strategy, results of operations, or financial condition. For further information regarding
the risks associated with cybersecurity incidents, see “Risk Factors—Our business and operations would suffer in the event
of computer system failures, cyber-attacks or deficiencies in our cyber-security or those of third-party providers” in Item 1A
of this Annual Report on Form 10-K.