3 unchanged sentences
We are exposed to market risk related to changes in interest rates.
−Removed: We had cash, cash equivalents and marketable securities of $1.11 billion as of September 30, 2022, which consisted primarily of money market funds and marketable securities, largely composed of investment grade, short to intermediate term fixed income securities.
+Added: We had cash, cash equivalents and marketable securities of $1.29 billion as of March 31, 2023, which consisted primarily of money market funds and marketable securities, largely composed of investment grade, short-term fixed income securities.
The primary objective of our investment activities is to preserve capital to fund our operations.
6 unchanged sentences
However, we do have certain transactions that are denominated in currencies other than the U.S.
−Removed: dollar, primarily the Euro, Swiss francs and British pound, and we therefore are subject to foreign exchange risk.
+Added: dollar, primarily the Euro, Swiss Franc and British Pound, and we therefore are subject to foreign exchange risk.
The fluctuation in the value of the U.S.
−Removed: dollar against other currencies affects the reported amounts of expenses, assets and liabilities primarily associated with various of our preclinical, clinical and manufacturing activities.
+Added: dollar against other currencies affects the reported amounts of expenses, assets and liabilities primarily associated with a limited number of preclinical, clinical and manufacturing activities.
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.