−Removed: Our facilities in Israel, which house our research and development and certain production
−Removed: and management functions, are located in Jerusalem, Israel.
−Removed: Most of our clinical development, clinical operations and regulatory functions
−Removed: are located in the United States.
−Removed: Under a Lease Agreement with Unihead Biopark Ltd.
−Removed: as of December 31, 2022, we are leasing approximately
−Removed: 622 square meters of office and laboratory space pursuant to a lease agreement that will expire on June 30, 2023.
−Removed: Of the 622 square meters
−Removed: leased, we utilize approximately 527 square meters for our operations and have agreed to sublease the remaining approximately 95 square
−Removed: meters to a third-party until June 2023.
−Removed: We believe that our current office and laboratory space in Israel is sufficient to
−Removed: meet our anticipated needs for the foreseeable future and is suitable for the conduct of our business.
−Removed: We believe that suitable additional
−Removed: space would be available if required in the future on commercially reasonable terms.
+Added: Our facilities in Israel, which house our research and development and certain production and management functions, are in Jerusalem, Israel.
+Added: Most of our clinical development, clinical operations and regulatory functions are located in the United States.
+Added: Under a lease agreement with Unihead Biopark Ltd., that extends through 2028, we lease approximately 622 square meters of office and laboratory space.
+Added: We have the option to terminate the lease early in December 2024 and in June 2026.
+Added: The average rent over the current term is $180,000 per year.
+Added: We believe that our current office and laboratory space in Israel is sufficient to meet our anticipated needs for the foreseeable future and is suitable for the conduct of our business.
+Added: We believe that suitable additional space would be available if required in the future on commercially reasonable terms.
LEGAL PROCEEDINGS
3 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.