1 unchanged sentence
We are exposed to market risk related to changes in interest rates.
−Removed: As of September 30, 2023 and December 31, 2022, we had cash, cash equivalents and marketable securities of $872.4 million and $1.1 billion, respectively.
−Removed: Our marketable securities consist primarily of investments in U.S.
−Removed: Treasuries, government securities and corporate debt securities.
+Added: As of March 31, 2024 and December 31, 2023, we had cash, cash equivalents and marketable securities of $714.3 million and $806.4 million, respectively, consisting primarily of investments in U.S.
+Added: Treasuries, government securities, corporate debt securities and certificates of deposit.
Our primary exposure to market risk is interest rate sensitivity, which is affected by changes in the general level of U.S.
3 unchanged sentences
We are also exposed to market risk related to changes in foreign currency exchange rates.
−Removed: We have contracts with CROs located in Asia and Europe that are denominated in foreign currencies, and we are subject to fluctuations in foreign currency rates in connection with these agreements.
−Removed: We do not currently hedge our foreign currency exchange rate risk.
−Removed: As of September 30, 2023 and December 31, 2022, liabilities denominated in foreign currencies were immaterial.
+Added: We have contracts with CROs and contract manufacturing organizations, or CMOs, that are located in Asia and Europe and are denominated in foreign currencies.
+Added: We are subject to fluctuations in foreign currency rates in connection with these agreements.
+Added: We do not currently hedge our
+Added: foreign currency exchange rate risk.
+Added: As of March 31, 2024 and December 31, 2023, we had minimal or no liabilities denominated in foreign currencies.
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.