19 unchanged sentences
In March 2022, we announced that topline data from our SEAL study of ADAIR for the treatment of ADHD did not meet statistical significance for the primary endpoint of E max Drug Liking.
−Removed: We are continuing to assess the best path forward for the ADAIR and ADMIR programs and we have commenced a process of evaluating strategic alternatives to maximize stockholder value.
+Added: We are continuing to assess the best path forward for the ADAIR and ADMIR programs and we have commenced a process to evaluate strategic alternatives to maximize stockholder value.
We have engaged a financial advisory firm to help explore our available strategic alternatives, including a possible merger, business combination, asset acquisitions or sales, and collaboration and licensing arrangements.
68 unchanged sentences
As a result, we are not profitable and have incurred losses in each period since our inception.
−Removed: For the six months ended June 30, 2022, we reported a net loss of $4.4 million.
−Removed: As of June 30, 2022, we had an accumulated deficit of 26.3 million.
+Added: For the nine months ended September 30, 2022, we reported a net loss of $5.4 million.
+Added: As of September 30, 2022, we had an accumulated deficit of $27.3 million.
To become and remain profitable, we or any potential future collaborator must develop and eventually commercialize products with significant market potential at an adequate profit margin after cost of goods sold and other expenses.
11 unchanged sentences
Furthermore, to move forward with the development of ADAIR or any other product candidates, we would be required to spend substantial amounts to conduct clinical trials of such programs, to validate the manufacturing process and specifications for any such product candidate, to seek regulatory approvals for such product candidate and to launch and commercialize any products for which we receive regulatory approval, including potentially building our own commercial organization.
−Removed: As of June 30, 2022, we had $7.0 million of cash, cash equivalents and marketable securities on hand.
+Added: As of September 30, 2022, we had $5.2 million of cash, cash equivalents and marketable securities on hand.
Our future capital requirements and the period for which our existing resources will support our operations may vary significantly from what we currently expect and may change if our business plan changes from our current expected operating plan.
36 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.