4 unchanged sentences
We invest in high-quality financial instruments, primarily money market funds, U.S.
−Removed: government and agency securities, government-sponsored bond obligations and certain other corporate debt securities, with the effective duration of the portfolio less than twelve months and no security with an effective duration in excess of twenty-four months, which we believe are subject to limited credit risk.
+Added: government and agency securities, government-sponsored bond obligations and certain other corporate debt securities, with the effective duration of the portfolio less than 12 months and no security with an effective duration in excess of 24 months, which we believe are subject to limited credit risk.
We currently do not hedge interest rate exposure.
4 unchanged sentences
Capital Market Risk
−Removed: We currently have no product revenues and depend on funds raised through other sources.
−Removed: One source of funding is through future debt or equity offerings.
+Added: Although we receive product revenues from sales of Rezdiffra, we may in the future depend on funds raised through other sources.
+Added: One potential source of funding is through equity offerings.
Our ability to raise funds in this manner depends upon, among other things, capital market forces affecting our stock price.
−Removed: Inflation Risk
−Removed: Inflation has not had a material effect on our business, financial condition or results of operations during the years ended December 31, 2023, 2022 or 2021.
+Added: Effects of Inflation
+Added: Inflation generally may affect us by increasing our cost of labor, clinical trial costs and manufacturing costs.
+Added: We do not believe inflation has had a material effect on our business, financial condition or results of operations during the years ended December 31, 2024, 2023 or 2022.
+Added: Should global inflation increase in the future, we expect increases in clinical trial, selling, labor and other operating costs.
+Added: If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases of our product.
+Added: Our inability or failure to do so could adversely affect our business, financial condition and results of operations.
Financial Statements and Supplementary Data.
−Removed: The information required by this Item 8 is referred to in Item 15, listed in the Index to Financial Statements as a part of this Annual Report on Form 10-K, and is incorporated herein by this reference.
+Added: The information required by this Item 8 is included in our Financial Statements and Supplementary Data set forth in Item 15 of Part IV of this Annual Report.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
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.