1 unchanged sentence
Interest Rate Risk
−Removed: Our exposure to market risk is confined to our cash, cash equivalents and marketable securities.
+Added: Our exposure to market risk is confined to our cash, cash equivalents and marketable securities and loan facility.
We regularly review our investments and monitor the financial markets.
4 unchanged sentences
We do not believe that we have any material exposure to interest rate risk or changes in credit ratings arising from our investments.
+Added: In May 2022 we entered into a loan facility that has an interest rate that is linked to the prime rate.
+Added: We do not believe that we have any material exposure to interest rate risk given the current principal amount of the loan.
+Added: Capital Market Risk
+Added: We currently have no product revenues and depend on funds raised through other sources.
+Added: One source of funding is through future debt or equity offerings.
+Added: Our ability to raise funds in this manner depends upon, among other things, capital market forces affecting our stock price and the factors described in our “Cautionary Note Regarding Forward-Looking “Statements.” “Liquidity and Capital Resources” and “Risk Factors” disclosures included or referred to in this filing.
Effects of Inflation
2 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.