3 unchanged sentences
Interest Rate Risk
−Removed: Our cash and cash equivalents and investments of $403.4 million as of September 30, 2024 consist of bank deposits, money market funds and available-for-sale securities.
+Added: Our cash and cash equivalents and investments of $335.5 million as of March 31, 2025 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 September 30, 2024 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 March 31, 2025 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 milestone payments upon successful completion of certain regulatory milestones on a target-by-target basis 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 milestone payments upon successful completion of certain regulatory and sales milestones on a target-by-target basis 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.
Due to the uncertain timing of expected payments in foreign currencies, we do not utilize any forward exchange contracts.
2 unchanged sentences
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.
−Removed: As of September 30, 2024, we had $22.3 million of deposit placed in escrow and zero current liabilities denominated in foreign currency.
−Removed: Table o f Contents
+Added: As of March 31, 2025, we had $21.6 million of deposit placed in escrow and less than $0.1 million current liabilities 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.