5 unchanged sentences
We also had marketable securiti es of $586.7 million as of December 31, 2022.
−Removed: The primary objective of our investment activities is to preserve capital to fund our operations.
+Added: The primary objective of our investment activities is to preserve capital to fund our operations, and we currently do not hedge our interest rate risk exposure.
Because our marketable securities are primarily short-term in duration, we believe that our exposure to interest rate risk is not significant, and a hypothetical 10% relative change in interest rates during any of the periods presented would not have had a material effect on our audited consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K.
9 unchanged sentences
Effects of Inflation
−Removed: Inflation generally affects us by increasing our cost of labor and in the future our clinical trial costs.
+Added: Inflation generally affects us by increasing our cost of labor and our clinical trial costs.
We believe that inflation has not had a material effect on our audited consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K.
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.