2 unchanged sentences
We are exposed to market risk related to changes in interest rates.
−Removed: As of March 31, 2021, our cash and cash equivalents consisted of cash and money market accounts.
+Added: As of June 30, 2021, our cash and cash equivalents consisted of cash and money market accounts.
Our primary exposure to market risk is interest income sensitivity, which is affected by changes in the general level of U.S.
1 unchanged sentence
However, because of the short-term nature of the instruments in our portfolio, an immediate 10% change in market interest rates would not have a material impact on the fair market value of our investment portfolio or on our financial position or results of operations.
−Removed: As of March 31, 2021, we had $200.0 million in borrowings outstanding.
+Added: As of June 30, 2021, we had $200.0 million in borrowings outstanding.
The term loan bears interest at an interest rate of the greater of (a) LIBOR or (b) 2.00% per annum, plus 11.00% per annum.
−Removed: Based on the $200.0 million of principal outstanding as of March 31, 2021, an immediate 10% change in the Prime Rate would not have a material impact on our debt-related obligations, financial position or results of operations.
+Added: Based on the $200.0 million of principal outstanding as of June 30, 2021, an immediate 10% change in the Prime Rate would not have a material impact on our debt-related obligations, financial position or results of operations.
Foreign Currency Fluctuation Risk
4 unchanged sentences
Inflation generally affects us by increasing our cost of labor and clinical trial costs.
−Removed: We do not believe that inflation had a material effect on our business, financial condition or results of operations for the three months ended March 31, 2021 or 2020.
+Added: We do not believe that inflation had a material effect on our business, financial condition or results of operations for the three and six months ended June 30, 2021 or 2020.
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.