1 unchanged sentence
Interest Rate Risk
−Removed: We are exposed to market risk related to changes in interest rates of our investment portfolio of cash equivalents and marketable securities.
−Removed: As of December 31, 2022, our cash equivalents and marketable securities consisted of money market funds and U.S.
+Added: We are exposed to market risk related to changes in interest rates of our investment portfolio of cash equivalents and investments.
+Added: As of December 31, 2023, our cash equivalents and investments consisted of money market funds and U.S.
treasury securities.
1 unchanged sentence
interest rates.
−Removed: The fair value of our short-term cash equivalents and marketable securities is subject to change as a result of potential changes in market interest rates, including changes resulting from the impact of the COVID-19 pandemic.
−Removed: Due to the nature of our cash equivalents and marketable securities, we believe an immediate hypothetical 10% change in interest rates would not have had a material effect on our results of operations during the periods presented.
+Added: The fair value of our short-term cash equivalents and investments is subject to change as a result of potential changes in market interest rates.
+Added: Due to the nature of our cash equivalents and investments, we believe an immediate hypothetical 10% change in interest rates would not have had a material effect on our results of operations during the periods presented.
Foreign Currency Exchange Risk
6 unchanged sentences
Inflation generally affects us by increasing our cost of labor and research and development contract costs.
−Removed: Although we do not believe that inflation has had a material impact on our financial position or results of operations to date, we may experience some effect in the near future (especially if inflation rates continue to rise) due to an impact on the costs to conduct clinical trials, labor costs we incur to attract and retain qualified personnel, and other operational costs.
+Added: Although we do not believe that inflation has had a material impact on our financial position or results of operations to date, we may experience some effect in the near future (especially if inflation rates further increase) due to an impact on the costs to conduct clinical trials, labor costs we incur to attract and retain qualified personnel, and other operational costs.
Inflationary costs could adversely affect our business, financial condition, and results of operations.
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.