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we may be required to obtain more working capital.
−Removed: We may seek to obtain working capital through sales of our equity securities or through
−Removed: bank credit facilities or public or private debt from various financial institutions where possible.
−Removed: We cannot be certain that additional
−Removed: funding will be available on acceptable terms, or at all.
−Removed: If we do identify sources for additional funding, the sale of additional equity
−Removed: securities or convertible debt could result in dilution to our stockholders.
−Removed: Additionally, the sale of equity securities or issuance
−Removed: of debt securities may be subject to certain security holder approvals or may result in the downward adjustment of the exercise or conversion
−Removed: price of our outstanding securities.
−Removed: We can give no assurance that we will generate sufficient cash flows in the future to satisfy our
−Removed: liquidity requirements or sustain future operations, or that other sources of funding, such as sales of equity or debt, would be available
−Removed: or would be approved by our security holders, if needed, on favorable terms or at all.
−Removed: If we fail to obtain additional working capital
−Removed: as and when needed, such failure could have a material adverse impact on our business, results of operations and financial condition.
−Removed: Furthermore, such lack of funds may inhibit our ability to respond to competitive pressures or unanticipated capital needs, or may force
−Removed: us to reduce operating expenses, which would significantly harm the business and development of operations.
+Added: We may seek to obtain working capital through sales of our equity securities, including
+Added: through our current “at the market offering” program, or through bank credit facilities or public or private debt from various
+Added: financial institutions where possible.
+Added: We cannot be certain that additional funding will be available on acceptable terms, or at all.
+Added: If we do identify sources for additional funding, the sale of additional equity securities or convertible debt could result in dilution
+Added: to our stockholders.
+Added: Additionally, the sale of equity securities or issuance of debt securities may be subject to certain security holder
+Added: approvals or may result in the downward adjustment of the exercise or conversion price of our outstanding securities.
+Added: We can give no
+Added: assurance that we will generate sufficient cash flows in the future to satisfy our liquidity requirements or sustain future operations,
+Added: or that other sources of funding, such as sales of equity or debt, would be available or would be approved by our security holders, if
+Added: needed, on favorable terms or at all.
+Added: If we fail to obtain additional working capital as and when needed, such failure could have a material
+Added: adverse impact on our business, results of operations and financial condition.
+Added: Furthermore, such lack of funds may inhibit our ability
+Added: to respond to competitive pressures or unanticipated capital needs, or may force us to reduce operating expenses, which would significantly
+Added: harm the business and development of operations.
may have difficulty in raising capital and may consume resources faster than expected.
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We do not expect to generate significant
−Removed: revenues for the foreseeable future, and we may not be able to raise funds in the future, which would leave us without resources to continue
+Added: revenues for the foreseeable future, which would leave us without resources to continue
our operations and force us to resort to raising additional capital in the form of equity or debt financings, which may not be available
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Our inability to raise funds could lead to decreases
−Removed: in the price of our common stock and the failure of our cancer diagnostic and therapeutics businesses which would have a material adverse
−Removed: effect on the Company.
+Added: in the price of our common stock and the failure of our therapeutics and vaccine businesses which would have a material adverse effect
+Added: on the Company.
to effectively manage our potential growth could place strains on our managerial, operational and financial resources and could adversely
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ownership changes in the future as a result of shifts in our stock ownership (some of which shifts are outside our control).
−Removed: if we earn net taxable income, our ability to use our pre-change NOL carryforwards to offset such taxable income will be subject to limitations.
+Added: if we earn net taxable income, our ability to use our pre-change NOL carryforwards to offset such taxable income may be subject to limitations.
Similar provisions of state tax law may also apply to limit our use of accumulated state tax attributes.
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to all the risks and uncertainties inherent in a new business, in particular new businesses engaged in CAR-T cancer therapeutics, cancer
−Removed: vaccines and anti-viral therapeutics.
+Added: vaccines and anti-viral therapeutics, as well as whether our current business plan is sound.
Our CAR-T ovarian cancer therapeutic, our breast and ovarian cancer vaccines and our COVID-19 treatment
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studies that successfully identify one or more clinical candidates to treat COVID-19;
−Removed: ● successfully
−Removed: complete animal studies necessary to submit an IND application to the FDA for our COVID-19
−Removed: ● successfully
+Added: complete animal studies necessary to submit an IND application to the FDA for our COVID-19 treatment;
enroll sufficient numbers of qualified patients to participate in our clinical trials;
sufficient quantity and quality of materials manufactured for use in our clinical trials;
−Removed: ● successfully
meet the primary endpoints in our clinical trials;
−Removed: or execute our current business plan, or that our current business plan is sound;
+Added: or execute our current business plan;
sufficient funds in the capital markets or otherwise to fully effectuate our business plan;
−Removed: our management team, including the members of our scientific advisory board;
−Removed: that the processes and technologies that we have developed or will develop are commercially
−Removed: enter into or maintain contracts with potential commercial partners such as licensors of
−Removed: technology and suppliers or licensees of our technologies.
+Added: our management team;
+Added: that the processes and technologies that we have developed or will develop are commercially viable;
+Added: enter into or maintain contracts with potential commercial partners such as licensors of technology and suppliers or licensees of
+Added: our technologies.
of the foregoing risks may adversely affect the Company and result in the failure of our business.
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Over the next several quarters, we will
−Removed: need to transition from a company with a research and development focus to a company capable of supporting clinical trials and commercial
−Removed: activities, or enter into collaborations with partners that may provide those capabilities.
−Removed: We may not be able to reach such achievements,
−Removed: which would have a material adverse effect on our Company.
+Added: need to broaden our focus from a research and development company to a company capable of supporting clinical trials and commercial activities,
+Added: or enter into collaborations with partners that may provide those capabilities.
+Added: We may not be able to reach such achievements, which
+Added: would have a material adverse effect on our Company.
current business model relies on strategic collaborations with commercial partners to provide the resources and infrastructure to manufacture
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diversion of management’s time and our resources;
−Removed: ● substantial
monetary awards to clinical trial participants or patients;
recalls, withdrawals or labeling, marketing or promotional restrictions;
+Added: of potential revenue;
of any available insurance and our capital resources;
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never be profitable.
−Removed: are in the discovery stage of developing our COVID-19 treatment and our ovarian cancer vaccine technology, about to enter the clinical
−Removed: stage of developing our CAR-T therapeutic technology and in the clinical stage with our breast cancer vaccine technology.
−Removed: to generate revenue depends in large part on our ability, alone or with partners, to successfully complete the development of, obtain
−Removed: the necessary regulatory approvals for, and commercialize, product candidates.
−Removed: We do not anticipate generating revenues from sales of
−Removed: such products for the foreseeable future.
−Removed: Our ability to generate future revenues from product sales of our technologies depends heavily
−Removed: on our success in:
−Removed: ● progressing
+Added: are in the discovery stage of developing our COVID-19 treatment and our ovarian cancer vaccine technology and in the clinical stage with
+Added: our CAR-T therapeutic technology and with our breast cancer vaccine technology.
+Added: Our ability to generate revenue depends in large part
+Added: on our ability, alone or with partners, to successfully complete the development of, obtain the necessary regulatory approvals for, and
+Added: commercialize, product candidates.
+Added: We do not anticipate generating revenues from sales of such products for the foreseeable future.
+Added: ability to generate future revenues from product sales of our technologies depends heavily on our success in:
our discovery stage programs into pre-clinical testing;
−Removed: ● progressing
our pre-clinical programs into human clinical trials;
requisite clinical trials through all phases of clinical development of our product candidates;
−Removed: and obtaining marketing approvals for our product candidates that successfully complete clinical
−Removed: trials, if any;
−Removed: and commercializing our product candidates for which we obtain marketing approval, if any,
−Removed: with a partner or, if launched independently, successfully establishing a manufacturing,
−Removed: sales force, marketing and distribution infrastructure;
−Removed: ● identifying
+Added: and obtaining marketing approvals for our product candidates that successfully complete clinical trials, if any;
+Added: and commercializing our product candidates for which we obtain marketing approval, if any, with a partner or, if launched independently,
+Added: successfully establishing a manufacturing, sales force, marketing and distribution infrastructure;
and developing new product candidates;
−Removed: ● establishing
and maintaining supply and manufacturing relationships with third parties;
−Removed: ● maintaining,
protecting, expanding and enforcing our intellectual property;
−Removed: ● attracting,
hiring and retaining qualified personnel.
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significant challenges for us, or a partner, including:
−Removed: regulatory approval, as the FDA and other regulatory authorities have limited experience
−Removed: with commercial development of T-cell therapies for cancer;
−Removed: clinical and, if approved, commercial supplies for the materials used to manufacture and
−Removed: process our product candidates;
−Removed: a consistent and reliable process, while limiting contamination risks, for engineering and
−Removed: manufacturing T cells ex vivo and infusing the engineered T cells into the patient;
−Removed: medical personnel regarding the potential benefits, as well as the challenges, of incorporating
−Removed: our product candidates into their treatment regimens;
−Removed: ● establishing
−Removed: sales and marketing capabilities upon obtaining any regulatory approval to gain market acceptance
−Removed: of a novel therapy;
−Removed: availability of coverage and adequate reimbursement from third-party payors for our novel
−Removed: and personalized therapy.
+Added: regulatory approval, as the FDA and other regulatory authorities have limited experience with commercial development of T-cell therapies
+Added: clinical and, if approved, commercial supplies for the materials used to manufacture and process our product candidates;
+Added: a consistent and reliable process, while limiting contamination risks, for engineering and manufacturing T cells ex vivo and
+Added: infusing the engineered T cells into the patient;
+Added: medical personnel regarding the potential benefits, as well as the challenges, of incorporating our product candidates into their
+Added: treatment regimens;
+Added: sales and marketing capabilities upon obtaining any regulatory approval to gain market acceptance of a novel therapy;
+Added: availability of coverage and adequate reimbursement from third-party payors for our novel and personalized therapy.
inability to successfully develop CAR-T cell therapies or develop processes related to the manufacture, sales and marketing of these
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or human testing and that they will ultimately be effective anti-viral drugs for COVID-19.
−Removed: In addition, based on the current stage of
−Removed: development, while considering the streamlined regulatory processes for COVID-19 therapies, it may take up to two or more years before
−Removed: we could obtain Emergency Use Authorization from the FDA.
is significant competition in the search for a treatment for COVID-19.
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for COVID-19, there is no guarantee that our treatment will be successful against competitors.
−Removed: pre-clinical testing of our product candidates have been positive, we may experience unfavorable results once we commence human clinical
−Removed: have not initiated clinical trials for any of our product candidates other than our breast cancer vaccine, for which we do not yet have
−Removed: any human clinical data, and we may not be able to commence clinical trials on the time frames we expect.
−Removed: As these product candidates
−Removed: have only been tested in animals, we face significant uncertainty regarding how effective and safe they will be in human patients and
−Removed: the results from preclinical studies may not be indicative of the results of clinical trials.
−Removed: Preclinical and clinical data are often
−Removed: susceptible to varying interpretations and analyses, and many companies that have believed their product candidates performed satisfactorily
−Removed: in preclinical studies and clinical trials have nonetheless failed to obtain marketing approval for their products.
+Added: pre-clinical testing of our product candidates has been positive, we may experience unfavorable results once we commence human clinical
+Added: have not initiated clinical trials for our product candidates other than our breast cancer vaccine and our CAR-T ovarian cancer therapeutic,
+Added: for which we have limited human clinical data, and we may not be able to commence clinical trials on the time frames we expect.
+Added: discovery stage product candidates have only been tested in animals and our clinical stage candidates currently have limited human data,
+Added: we face significant uncertainty regarding how effective and safe they will be in human patients and the results from pre-clinical studies
+Added: may not be indicative of the results of clinical trials.
+Added: Pre-clinical and clinical data are often susceptible to varying interpretations
+Added: and analyses, and many companies that have believed their product candidates performed satisfactorily in pre-clinical studies and clinical
+Added: trials have nonetheless failed to obtain marketing approval for their products.
if clinical trials are successfully completed, the FDA or foreign regulatory authorities may not interpret the results as we do, and
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to us, to conduct additional clinical trials in support of potential approval of our product candidates.
−Removed: are dependent on third parties to conduct our pre-clinical and clinical trials.
+Added: are dependent on third parties to conduct our pre-clinical studies and clinical trials.
depend and will continue to depend upon independent investigators and collaborators, such as universities, medical institutions, and
strategic partners such as Moffitt for our CAR-T therapy, Cleveland Clinic for our breast and ovarian cancer vaccines and MolGenie, as
−Removed: well as other European partners, for our COVID-19 therapy to conduct our preclinical and clinical trials under agreements with us.
−Removed: of budgets and contracts with study sites may result in delays to our development timelines and increased costs.
−Removed: We will rely heavily
−Removed: on these third parties over the course of our clinical trials, and we control only certain aspects of their activities.
−Removed: Nevertheless,
−Removed: we are responsible for ensuring that each of our studies is conducted in accordance with applicable protocol, legal, regulatory and scientific
−Removed: standards, and our reliance on third parties does not relieve us of our regulatory responsibilities.
−Removed: We and these third parties are required
−Removed: to comply with current good clinical practices, or cGCPs, which are regulations and guidelines enforced by the FDA and comparable foreign
−Removed: regulatory authorities for product candidates in clinical development.
−Removed: Regulatory authorities enforce these cGCPs through periodic inspections
−Removed: of clinical trial sponsors, principal investigators and clinical trial sites.
−Removed: If we or any of these third parties fail to comply with
−Removed: applicable cGCP regulations, the clinical data generated in our clinical trials may be deemed unreliable and the FDA or comparable foreign
−Removed: regulatory authorities could require us to perform additional clinical trials before approving our marketing applications.
−Removed: It is possible
−Removed: that, upon inspection, such regulatory authorities could determine that any of our clinical trials fail to comply with the cGCP regulations.
−Removed: In addition, our clinical trials must be conducted with biologic product produced under current good manufacturing practices, or cGMPs,
−Removed: and will require a large number of test patients.
−Removed: Our failure or any failure by these third parties to comply with these regulations
−Removed: or to recruit a sufficient number of patients may require us to repeat clinical trials, which would delay the regulatory approval process.
−Removed: Moreover, our business may be implicated if any of these third parties violates federal or state fraud and abuse or false claims laws
−Removed: and regulations or healthcare privacy and security laws.
+Added: well as other European partners, for our COVID-19 therapy to conduct our pre-clinical studies and clinical trials under agreements with
+Added: Negotiations of budgets and contracts with study sites may result in delays to our development timelines and increased costs.
+Added: will rely heavily on these third parties over the course of our clinical trials, and we control only certain aspects of their activities.
+Added: Nevertheless, we are responsible for ensuring that each of our studies is conducted in accordance with applicable protocol, legal, regulatory
+Added: and scientific standards, and our reliance on third parties does not relieve us of our regulatory responsibilities.
+Added: We and these third
+Added: parties are required to comply with current good clinical practices, or cGCPs, which are regulations and guidelines enforced by the FDA
+Added: and comparable foreign regulatory authorities for product candidates in clinical development.
+Added: Regulatory authorities enforce these cGCPs
+Added: through periodic inspections of clinical trial sponsors, principal investigators and clinical trial sites.
+Added: If we or any of these third
+Added: parties fail to comply with applicable cGCP regulations, the clinical data generated in our clinical trials may be deemed unreliable
+Added: and the FDA or comparable foreign regulatory authorities could require us to perform additional clinical trials before approving our
+Added: marketing applications.
+Added: It is possible that, upon inspection, such regulatory authorities could determine that any of our clinical trials
+Added: fail to comply with the cGCP regulations.
+Added: In addition, our clinical trials must be conducted with biologic product produced under current
+Added: good manufacturing practices, or cGMPs, and will require a large number of test patients.
+Added: Our failure or any failure by these third parties
+Added: to comply with these regulations or to recruit a sufficient number of patients may require us to repeat clinical trials, which would
+Added: delay the regulatory approval process.
+Added: Moreover, our business may be implicated if any of these third parties violates federal or state
+Added: fraud and abuse or false claims laws and regulations or healthcare privacy and security laws.
third parties conducting our clinical trials are not and will not be our employees and, except for remedies available to us under our
−Removed: agreements with these third parties, we cannot control whether they devote sufficient time and resources to our ongoing preclinical,
+Added: agreements with these third parties, we cannot control whether they devote sufficient time and resources to our ongoing pre-clinical,
clinical and nonclinical programs.
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ability to obtain and maintain patient consents;
−Removed: risk that patients enrolled in clinical trials will drop out of the clinical trials before
+Added: risk that patients enrolled in clinical trials will drop out of the clinical trials before completion;
clinical trials and approved therapies available for patients;
impact of the ongoing COVID-19 pandemic.
−Removed: particular, our CAR-T ovarian cancer clinical trial will look to enroll patients with late stage ovarian cancer who have failed conventional
+Added: particular, our CAR-T ovarian cancer clinical trial is enrolling patients with late stage ovarian cancer who have failed conventional
treatment, and are willing and able to be treated at Moffitt.
−Removed: Our first breast cancer vaccine clinical trial will look to enroll patients
−Removed: who have undergone standard of care treatment for TNBC.
−Removed: Our second breast cancer vaccine clinical trial will look to enroll healthy women
−Removed: who, as a result of testing positive for the BRCA1 gene mutation which is a leading predictor of future incidence of breast cancer, have
−Removed: elected to have prophylactic mastectomies.
−Removed: These potential trial participants have to be willing and able to undergo treatment at the
−Removed: Cleveland Clinic.
+Added: Our first breast cancer vaccine clinical trial is enrolling patients who
+Added: have undergone standard of care treatment for TNBC.
+Added: Our second breast cancer vaccine clinical trial is enrolling healthy women who, as
+Added: a result of testing positive for the BRCA1 gene mutation which is a leading predictor of future incidence of breast cancer, have elected
+Added: to have prophylactic mastectomies.
+Added: These potential trial participants must be willing and able to undergo treatment at the Cleveland
clinical trials will compete with other companies’ clinical trials for product candidates that are in the same therapeutic areas
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a departure from more commonly used methods for cancer treatment, potential patients and their doctors may be inclined to use experimental
−Removed: therapies that use conventional technologies, such as chemotherapy and antibody therapy, rather than enroll patients in our future clinical
+Added: therapies that use conventional technologies, such as chemotherapy and antibody therapy, rather than enroll patients in our clinical
Patients may also be unwilling to participate in our clinical trials because of negative publicity from adverse events in the
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complex and costly manufacturing and processing steps, the costs of which will be borne by us.
−Removed: one of our planned breast cancer vaccine clinical trials, we will treat healthy women who, as a result of testing positive for the BRCA1
−Removed: gene mutation, have elected to have prophylactic mastectomies.
+Added: one of our breast cancer vaccine clinical trials, we will treat healthy women who, as a result of testing positive for the BRCA1 gene
+Added: mutation, have elected to have prophylactic mastectomies.
Delivering an experimental treatment to a healthy individual is more complex
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Gene-modified
−Removed: cell therapy manufacture requires many specialty raw materials, some of which are manufactured by small companies with limited resources
+Added: cell therapy manufacturing requires many specialty raw materials, some of which are manufactured by small companies with limited resources
and experience to support a commercial product.
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The suppliers may be
−Removed: ill-equipped to support our needs, especially in non-routine circumstances like a FDA inspection or medical crisis, such as widespread
+Added: ill-equipped to support our needs, especially in non-routine circumstances like FDA inspections or medical crises, such as widespread
contamination.
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FDA, or similar approval filings to other foreign authorities.
−Removed: A BLA or NDA must include extensive preclinical and clinical data and
+Added: A BLA or NDA must include extensive pre-clinical and clinical data and
supporting information to establish the product candidate’s safety, purity and potency for each desired indication.
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availability of financial resources to commence and complete our planned clinical trials;
−Removed: agreement on acceptable terms with prospective clinical trial sites, the terms of which can
−Removed: be subject to extensive negotiation and may vary significantly among different clinical trial
+Added: agreement on acceptable terms with prospective clinical trial sites, the terms of which can be subject to extensive negotiation and
+Added: may vary significantly among different clinical trial sites;
suitable patients to participate in a clinical trial;
patients complete a clinical trial or return for post-treatment follow-up;
−Removed: trial sites deviating from clinical trial protocol, failing to follow GCPs, or dropping out
−Removed: of a clinical trial;
+Added: trial sites deviating from clinical trial protocol, failing to follow cGCPs, or dropping out of a clinical trial;
new clinical trial sites;
manufacturing
−Removed: sufficient quantities of qualified materials under cGMPs and applying them on a subject by
−Removed: subject basis for use in clinical trials.
+Added: sufficient quantities of qualified materials under cGMPs and applying them on a subject by subject basis for use in clinical trials.
before a clinical trial can begin at an NIH-funded institution, that institution’s independent institutional review board, or IRB,
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clinical indications for which our product candidates are approved;
−Removed: ● physicians,
−Removed: hospitals, cancer treatment centers and patients considering our product candidates as a
−Removed: safe and effective treatment;
+Added: hospitals, cancer treatment centers and patients considering our product candidates as a safe and effective treatment;
potential and perceived advantages of our product candidates over alternative treatments;
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labeling or product insert requirements of the FDA or other regulatory authorities;
−Removed: ● limitations
or warnings contained in the labeling approved by the FDA or other regulatory authorities;
−Removed: extent and quality of the clinical evidence supporting the efficacy and safety of our product
+Added: extent and quality of the clinical evidence supporting the efficacy and safety of our product candidates;
timing of market introduction of our product candidates as well as competitive products;
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availability of adequate reimbursement and pricing by third-party payors and government authorities;
−Removed: willingness and ability of patients to pay out-of-pocket in the absence of coverage by third-party
−Removed: payors, including government authorities;
−Removed: convenience and ease of administration, including as compared to alternative treatments and
−Removed: competitive therapies;
+Added: willingness and ability of patients to pay out-of-pocket in the absence of coverage by third-party payors, including government authorities;
+Added: convenience and ease of administration, including as compared to alternative treatments and competitive therapies;
effectiveness of our or any of our strategic partners’ sales and marketing efforts.
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If we are not able to obtain and maintain patent
−Removed: protection our competitive position may be harmed.
+Added: protection our competitive position may be harmed, including our ability to license any product if we choose to have other
+Added: parties commercialize them.
parties may initiate legal proceedings alleging that we are infringing their intellectual property rights, the outcome of which would
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scope of rights granted under the license agreement and other interpretation-related issues;
−Removed: extent to which our product candidates, technology and processes infringe on intellectual
−Removed: property of the licensor that is not subject to the licensing agreement;
−Removed: sublicensing of patent and other rights under the licensing agreement and our collaborative
−Removed: development relationships;
−Removed: diligence obligations under the license agreement and what activities satisfy those diligence
−Removed: inventorship and ownership of inventions and know-how resulting from the joint creation or
−Removed: use of intellectual property by our licensors and us and our partners;
+Added: extent to which our product candidates, technology and processes infringe on intellectual property of the licensor that is not subject
+Added: to the licensing agreement;
+Added: sublicensing of patent and other rights under the licensing agreement and our collaborative development relationships;
+Added: diligence obligations under the license agreement and what activities satisfy those diligence obligations;
+Added: inventorship and ownership of inventions and know-how resulting from the joint creation or use of intellectual property by our licensors
+Added: and us and our partners;
priority of invention of patented technology.
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and when patents will issue;
−Removed: degree and range of protection any issued patents will afford us against competitors including
−Removed: whether third parties will find ways to invalidate or otherwise circumvent our patents;
−Removed: or not others will obtain patents claiming aspects similar to those covered by our patents
−Removed: and patent applications;
−Removed: we will need to initiate litigation or administrative proceedings which may be costly whether
−Removed: we win or lose.
+Added: degree and range of protection any issued patents will afford us against competitors including whether third parties will find ways
+Added: to invalidate or otherwise circumvent our patents;
+Added: or not others will obtain patents claiming aspects similar to those covered by our patents and patent applications;
+Added: we will need to initiate litigation or administrative proceedings which may be costly whether we win or lose.
of matter patents for biological and pharmaceutical products are generally considered to be the strongest form of intellectual property.
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companies have encountered significant problems in protecting and defending intellectual property in foreign jurisdictions.
−Removed: systems of certain countries, particularly China and certain other developing countries, do not favor the enforcement of patents, trade
+Added: systems of certain countries, particularly China and certain developing countries, do not favor the enforcement of patents, trade
secrets and other intellectual property, particularly those relating to biopharmaceutical products, which could make it difficult for
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our COVID-19 therapeutic and for acquisitions of companies.
−Removed: We have and in the future may issue securities convertible into our common
−Removed: Any of these events may dilute stockholders’ ownership interests in our company and have an adverse impact on the price
−Removed: of our common stock.
+Added: We have an at-the-market equity offering under which, as of January 4,
+Added: 2022 we may issue up to approximately $100 million of common stock, which is currently effective and under which we have not yet sold
+Added: any shares, and which may remain available to us in the future.
+Added: We also have and in the future may issue securities convertible into
+Added: our common stock.
+Added: Any of these events may dilute stockholders’ ownership interests in our company and have an adverse impact on
+Added: the price of our common stock.
addition, sales of a substantial amount of our common stock in the public market, or the perception that these sales may occur, could
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of pre-clinical studies relating to our COVID-19 therapeutic;
−Removed: with regulatory authorities towards the certification/approval of our CAR-T cancer therapeutics,
−Removed: our breast cancer vaccine, our ovarian cancer vaccine or our COVID-19 therapeutic;
+Added: with regulatory authorities towards the certification/approval of our CAR-T cancer therapeutics, our breast cancer vaccine, our ovarian
+Added: cancer vaccine or our COVID-19 therapeutic;
related to acquisitions, alliances and licenses.
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of developments in the fields of CAR-T therapeutics, cancer vaccines or COVID-19 treatments;
−Removed: ● developments
in relationships with third party vendors and laboratories;
−Removed: ● developments
or disputes concerning our patents and other intellectual property;
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announcements
−Removed: by us or our competitors of significant contracts, acquisitions, strategic partnerships,
−Removed: joint ventures, capital commitments, new technologies, or patents;
+Added: by us or our competitors of significant contracts, acquisitions, strategic partnerships, joint ventures, capital commitments, new
+Added: technologies, or patents;
timing of or our failure to complete significant transactions.
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price may be more volatile and may decline.
−Removed: in accounting rules, assumptions and/or judgments could materially and adversely affect us.
−Removed: rules and interpretations for certain aspects of our operations are highly complex and involve significant assumptions and judgment.
−Removed: These complexities could lead to a delay in the preparation and dissemination of our financial statements.
−Removed: Furthermore, changes in accounting
−Removed: rules and interpretations or in our accounting assumptions and/or judgments, such as asset impairments, could significantly impact our
−Removed: financial statements.
−Removed: In some cases, we could be required to apply a new or revised standard retroactively, resulting in restating prior
−Removed: period financial statements.
−Removed: Any of these circumstances could have a material adverse effect on our business, prospects, liquidity, financial
−Removed: condition and results of operations.
do not anticipate declaring any cash dividends on our common stock which may adversely impact the market price of our stock.
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related to the COVID-19 pandemic
−Removed: business activities are expected to be adversely affected by the ongoing COVID-19 pandemic.
−Removed: pandemic has caused periodic shutdowns of the laboratories and other service providers that we rely on to develop our programs, and those
−Removed: laboratories and service providers that have been operating or that have begun operating recently have been doing so with limited capacity
−Removed: due to social distancing requirements.
−Removed: As a result, our progress has been slowed and there is no assurance that we will be able to meet
−Removed: our previously announced timelines regarding the development of our programs.
+Added: business activities may be adversely affected by the ongoing COVID-19 pandemic.
extent to which the COVID-19 pandemic impacts our business, operations and financial results will depend on numerous evolving factors
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our business partners’ offices and facilities.
−Removed: the Company is currently implementing solutions designed to reduce the potential impact of COVID-19, there can be no assurance that our
−Removed: efforts will adequately mitigate the risks of business disruptions and interruptions.
−Removed: Further, events such as natural disasters and public
−Removed: health emergencies divert our attention away from normal operations and limited resources.
−Removed: Our inability to timely resume normal operations
−Removed: following the pandemic disruption could adversely affect our business, financial condition or results of operations in a material manner.
+Added: the Company and its partners are not currently experiencing significant negative impact of COVID-19, there can be no assurance that the
+Added: current situation will continue.
+Added: Further, events such as natural disasters and public health emergencies divert our attention away from
+Added: normal operations and limited resources.
+Added: Our inability to timely resume normal operations following any pandemic disruption could adversely
+Added: affect our business, financial condition or results of operations in a material manner.
of these events could materially adversely affect our business, financial condition, results of operations and/or stock price.
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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.