3 unchanged sentences
Interest Rate Risk
−Removed: Our cash and cash equivalents and investments of $544.5 million as of June 30, 2023 consist of bank deposits, money market funds and available-for-sale securities.
+Added: Our cash and cash equivalents and investments of $497.7 million as of September 30, 2023 consist of bank deposits, money market funds and available-for-sale securities.
Such interest-earning instruments carry a degree of interest rate risk;
however, historical fluctuations in interest income have not been significant for us.
−Removed: A 10% change in the interest rates in effect on June 30, 2023 would not have had a material effect on the fair market value of our cash equivalents and available-for-sale securities.
+Added: A 10% change in the interest rates in effect on September 30, 2023 would not have had a material effect on the fair market value of our cash equivalents and available-for-sale securities.
Foreign Exchange Rate Risk
−Removed: Our collaboration agreement with Servier requires collaboration payments for shared clinical development costs to be paid in Euros, and thus we face foreign exchange risk as a result of entering into transactions denominated in currencies other than U.S.
+Added: Our collaboration agreement with Servier requires collaboration payments for shared clinical development costs to be paid in Euros, and thus we face foreign exchange risk as a result of entering into transactions denominated in currencies other
Due to the uncertain timing of expected payments in foreign currencies, we do not utilize any forward exchange contracts.
1 unchanged sentence
An adverse movement in foreign exchange rates could have an effect on payments due and made to our collaboration partner as well as other foreign suppliers and for license agreements.
−Removed: A 10% change in the applicable foreign exchange rates during the
−Removed: periods presented would not have had a material effect on our condensed consolidated financial statements.
−Removed: As of June 30, 2023, we had no receivables denominated in foreign currency.
+Added: A 10% change in the applicable foreign exchange rates during the periods presented would not have had a material effect on our condensed consolidated financial statements.
+Added: As of September 30, 2023, we had no receivables denominated in foreign currency.
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.