49 unchanged sentences
Drug Discovery and Development Business
+Added: We began investing in drug discovery in fiscal year 2021.
Our nascent drug discovery and development business leverages the computational and experimental capabilities within our platforms.
9 unchanged sentences
It will depend on many factors, and will be specific for each target or therapeutic area identified.
+Added: We regularly evaluate strategic options to create additional value from our drug discovery business, which may include, but are not limited to, potential spin-out transactions or capital raises.
Our sales and marketing efforts are dependent on a dedicated sales force of approximately 31 professionals that sell our services directly to pharmaceutical and biotechnology companies.
2 unchanged sentences
These efforts are aimed at moving our customers along the adoption curve for our research platforms, thereby increasing the number of studies and the average study size.
−Removed: Our success in these efforts is demonstrated by the growing number of customers who have increased their annual spend on our services over the past three years.
+Added: Our success in these efforts is demonstrated by the growing number of customers who have increased their annual spend on our services over the years.
Our SaaS business development team is focused on identifying and selling subscriptions to new customers, ensuring a high level of use from these subscribers, and increasing our revenue from existing customers through the use of our cloud computing environment.
24 unchanged sentences
We are currently investing in developing additional proprietary pharmacology platforms aimed at enhancing the scientific output and driving innovation in the oncology research sector.
−Removed: We are also investing in the acquisition of sophisticated analytical platforms which allow scientists to derive deeper insights when using our pharmacology platforms.
−Removed: Once these experimental technologies are established they are made available to our research and development and target discovery teams.
+Added: We are also investing in the development of sophisticated analytical platforms which allow scientists to derive deeper insights when using our pharmacology platforms.
+Added: experimental technologies are established they are made available to our research and development and target discovery teams.
• Continued development of computational power:
37 unchanged sentences
Government Regulation
−Removed: The research, development, and marketing of our products, the performance of our POS testing services, and the operation of our facilities are generally subject to federal, state, local, or foreign legislation, including licensure of our laboratory located in Rockville, Maryland by the State of Maryland and compliance with federal, state, local or foreign legislation applicable to the use of live animals in scientific testing, research and education.
−Removed: The FDA has claimed regulatory authority over laboratory developed tests such as our POS products, but has generally not exercised it.
+Added: The research, development, and marketing of our products, the performance of our legacy POS testing services, and the operation of our facilities are generally subject to federal, state, local, or foreign legislation, including licensure of our laboratory located in Rockville, Maryland by the State of Maryland and compliance with federal, state, local or foreign legislation applicable to the use of live animals in scientific testing, research and education.
+Added: The FDA has claimed regulatory authority over laboratory developed tests such as our legacy POS products, but has generally not exercised it.
The FDA has announced regulatory and guidance initiatives that could increase federal regulation of our business.
24 unchanged sentences
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.