Company: CSCIF
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001641172-25-003456
Chunk: 201

Company: COSCIENS Biopharma Inc.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 15
Chunk 201
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 our controls and procedures, in the future those controls and procedures may not be adequate to
prevent or identify irregularities or errors or to facilitate the fair presentation of our financial statements. In addition, investors’
perceptions that our internal controls are inadequate or that we are unable to produce accurate financial statements on a timely basis
may harm our stock price and make it more difficult for us to effectively market and sell our products to new and existing customers.

Additionally, we cannot assure you that we have identified
all, or that we will not in the future have additional, material weaknesses. All internal control systems, no matter how well designed,
have inherent limitations including the possibility of human error and the circumvention or overriding of controls. Further, because
of changes in conditions, the effectiveness of internal controls may vary over time. Projections of any evaluation of effectiveness to
future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate. Accordingly, even those systems determined to be effective can provide only reasonable
assurance with respect to financial statement preparation and presentation.

  25  

We are subject to a broad range of environmental
laws and regulations and may be subject to environmental remediation obligations under such safety and related laws and regulations.
The impact of these obligations and the Company’s ability to respond effectively to them may have a material adverse effect on
our business, financial condition, cash flows and results of operations and could cause the market value of our Common Shares to decline.

We are subject to a broad range of federal, state,
provincial and local environmental laws and regulations in the U. S., Canada and Germany concerning the environment, safety matters, regulation
of chemicals and product safety in the countries where we manufacture and sell our products or otherwise operate our business. These
requirements include, among other matters, regulation of the handling, manufacture, transportation, storage, use and disposal of materials,
including the discharge of pollutants, hazardous substances and waste into the environment. In the normal course of our business, such
substances and waste may be released into the environment, which could cause environmental or property damage or personal injuries, and
which could subject us to remediation obligations regarding contaminated soil and groundwater, potential liability for damage claims
or to social or reputational harm and other similar adverse impacts. Under certain laws, we may be required to remediate contamination
at certain of our properties regardless of whether the contamination was caused by us or by previous