What changed in this filing

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Item 1B. Unresolved Staff Comments

2025-03-28 compared with 2024-03-28 · 29 added, 26 removed, 3 unchanged (95% of the section changed)

UNRESOLVED STAFF COMMENTS

Not applicable.

CYBERSECURITY

We operate 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;

harm to customers and/or corporate partners or customers;

of privacy laws and other litigation and legal risk;

operate 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;

harm to customers and/or corporate partners

or customers;

violation of privacy laws and other litigation and legal risk;

and reputational risk.

We have implemented

various security measures to identify and assess the cybersecurity threats that could affect our business and information systems.

use various tools and methodologies to manage cybersecurity risk that are tested on a regular cadence.

We also monitor and evaluate our

cybersecurity posture and performance on an ongoing basis through regular vulnerability scans, penetration tests and threat intelligence

We require third-party service providers with access to personal, confidential or proprietary information to implement and maintain

comprehensive cybersecurity practices consistent with applicable legal standards and industry best practices.

Our business depends

on the availability, reliability, and security of our information systems, networks, data, and intellectual property.

Any disruption,

compromise, or breach of our network systems or infrastructure due to a cybersecurity threat or incident could adversely affect our operations,

serviced, product development, and competitive position.

They may also result in a breach of our contractual obligations or legal duties

to protect the privacy and confidentiality of our customers’ and partners’ proprietary information, which may include personally

identifiable information.

Such a breach could expose us to business interruption, lost revenue, ransom payments, remediation costs, liabilities

to affected parties, cybersecurity protection costs, lost assets, litigation, regulatory scrutiny and actions, reputational harm, customer

dissatisfaction and harm to our relationships with corporate partners.

We are currently in the process of implementing

a more formalized cybersecurity program.

have implemented various security measures to identify and assess the cybersecurity threats that could affect our business and information

We use various tools and methodologies to manage cybersecurity risk that are tested on a regular cadence.

We also monitor and

evaluate our cybersecurity posture and performance on an ongoing basis through regular vulnerability scans, penetration tests and threat

intelligence feeds.

We require third-party service providers with access to personal, confidential or proprietary information to implement

and maintain comprehensive cybersecurity practices consistent with applicable legal standards and industry best practices.

Risk management is further managed through

the use of an expert third party company to assist in managing relevant risks.

We outsource our monitoring to a third-party provider

whereby we benefit from a professionally managed network monitoring, management, maintenance, detection and response system and a

24/7 security operations center with both onsite and remote support services.

Any cybersecurity incident would be reported to us

promptly by our third-party provider and material and potentially material incidents would be assessed by management for remediation

and future prevention and detection.

business depends on the availability, reliability, and security of our information systems, networks, data, and intellectual property.

Any disruption, compromise, or breach of our network systems or infrastructure due to a cybersecurity threat or incident could adversely

affect our operations, services, product development, and competitive position.

They may also result in a breach of our contractual obligations

or legal duties to protect the privacy and confidentiality of our customers’ and partners’ proprietary information, which

may include personally identifiable information.

Such a breach could expose us to business interruption, lost revenue, ransom payments,

remediation costs, liabilities to affected parties, cybersecurity protection costs, lost assets, litigation, regulatory scrutiny and

actions, reputational harm, customer dissatisfaction and harm to our relationships with corporate partners.

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.

What changed 10-K

Item 1B. Unresolved Staff Comments