1 unchanged sentence
We are exposed to market risk related to changes in interest rates.
−Removed: As of June 30, 2021 and December 31, 2020, we had cash and cash equivalents and available for sale securities of $247.0 million and $268.7 million, respectively, consisting primarily of money market mutual funds consisting of U.S.
+Added: As of September 30, 2021 and December 31, 2020, we had cash and cash equivalents and available for sale securities of $207.2 million and $268.7 million, respectively, consisting primarily of money market mutual funds consisting of U.S.
government debt securities, certificates of deposit and corporate debt securities.
4 unchanged sentences
In addition, we are exposed to market risk related to exchange rates.
−Removed: A substantial portion of our revenues for the six months ended June 30, 2021 was received in U.S.
+Added: A substantial portion of our revenues for the nine months ended September 30, 2021 was received in U.S.
dollars, including revenues we receive 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 against the U.S.
−Removed: For the royalty payments we received based on net sales of Riona and Vafseo in Japan for the six months ended June 30, 2021 a 5.0% appreciation or depreciation of the Japanese yen against the U.S.
−Removed: dollar would have increased or decreased, respectively, our revenues in the six months ended June 30, 2021 by approximately $0.1 million.
+Added: For the royalty payments we received based on net sales of Riona and Vafseo in Japan for the nine months ended September 30, 2021 a 5.0% appreciation or depreciation of the Japanese yen against the U.S.
+Added: dollar would have increased or decreased, respectively, our revenues in the nine months ended September 30, 2021 by approximately $0.2 million.
We have generally accepted the exposure to exchange rate movements without using derivative financial instruments to manage this foreign currency risk.
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.