Company: BDRX
Filing Date: 2025-01-17
Form Type: F-1
Source: 0001214659-25-000922
Chunk: 68

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-17
Form: F-1
Chunk 68
---
              |

The occurrence of any of these events or conditions
could adversely affect our ability to increase or maintain our operations in various countries.

We are exposed to risks related to currency exchange rates.

We currently conduct a portion
of our operations outside of the United Kingdom. Because we use the British pound sterling as our financial statement reporting currency,
changes in currency exchange rates have had and could have a significant effect on our operating results when our operating results are
translated from the local currency into the British pound sterling. Exchange rate fluctuations between local currencies and the British
pound sterling create risk in several ways, including the following: weakening of the British pound sterling, as seen, for example, following
the results of the Brexit referendum, may increase the British pound sterling cost of overseas research and development expenses and the
cost of sourced product components outside the United Kingdom; strengthening of the British pound sterling may decrease the value of our
revenues denominated in other currencies; the exchange rates on non-sterling transactions and cash deposits can distort our financial
results; and commercial pricing and profit margins are affected by currency fluctuations. Future changes in currency exchange rates could
have a material adverse effect on our financial results.

We are subject to cybersecurity risks, including the misappropriation or compromise of our information, our information technology systems, and other cybersecurity incidents that may result in operational or service disruption, harm to our reputation, litigation, fines, penalties and liabilities, and the incurrence of costs in an effort to minimize those risks.

In the normal course of conducting
our business, we collect and store sensitive data on our networks and on networks and platforms of third parties upon which we rely, including
intellectual property, personal information of our employees, and our proprietary business information and that of our customers, vendors
and business partners. Despite the security measures we have in place and any additional measures we may implement in the future
to safeguard our systems and to mitigate potential security risks, our facilities and systems, and those of our third-party service providers,
could be vulnerable to cybersecurity incidents, computer viruses, lost or misplaced data, programming errors, human errors, acts of vandalism,
viruses, bugs, worms, or other malicious codes, malware, including as a result of advanced persistent threat intrusions, and other attacks
by computer hackers, cracking, application security attacks, social engineering, including through phishing attacks, supply chain attacks
and vulnerabilities through our third-party service providers, denial-of-service attacks, such as credential stuffing, credential harvesting,
personnel misconduct or