1 unchanged sentence
Interest Rate Risk
−Removed: We had cash, cash equivalents and short-term marketable securities of $162.6 million and $184.8 million at March 31, 2026 and December 31, 2025, respectively, which consisted of cash and money market funds.
+Added: We had cash, cash equivalents and short-term marketable securities of $155.5 million and $184.8 million at June 30, 2026 and December 31, 2025, respectively, which consisted of cash and money market funds.
Interest income is sensitive to changes in the general level of interest rates.
2 unchanged sentences
We are exposed to market risk related to exchange rates.
−Removed: The majority of our revenues for the three months ended March 31, 2026 and 2025 was received in U.S.
+Added: The majority of our revenues for the three and six months ended June 30, 2026 and 2025 was received in U.S.
dollars, including revenues we received from royalty payments converted to U.S.
2 unchanged sentences
As a result, we are exposed to movements in the exchange rates of the Japanese yen and the Euro against the U.S.
−Removed: During the three months ended March 31, 2026 and 2025, the impact of foreign currency exposure was immaterial and thus did not have a significant impact on our consolidated financial statements.
+Added: During the three and six months ended June 30, 2026 and 2025, the impact of foreign currency exposure was immaterial and thus did not have a significant impact on our consolidated financial statements.
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.