2 unchanged sentences
We invest in corporate bonds, commercial paper, asset-backed securities and U.S.
−Removed: Treasury notes, which are reported at fair value.
+Added: Treasury and other government agency notes, which are reported at fair value.
These securities are subject to interest rate risk and credit risk.
1 unchanged sentence
For example, if we hold a security that was issued with a fixed interest rate at the then-prevailing rate and the interest rate later rises, we expect that the fair value of our investment will decline.
−Removed: A hypothetical 100 basis point increase in interest rates would have reduced the fair value of our available-for-sale securities at September 30, 2020 by approximately $2.1 million.
−Removed: We have an equity investment in the common stock of TELA Bio (traded on the Nasdaq Global Select Market under the ticker symbol “TELA”).
−Removed: Changes in the stock price of TELA Bio will affect the value of our investment, and we could incur realized or unrealized losses on all or a part of the value of this investment.
−Removed: At September 30, 2020, the value of our investment in TELA Bio was $12.8 million, and a hypothetical 10% decrease in the market price of TELA Bio stock would have caused a decrease in our carrying amount by $1.3 million.
−Removed: See Note 10, Financial Instruments , to our condensed consolidated financial statements included herein for additional information on our investment in TELA Bio.
+Added: A hypothetical 100 basis point increase in interest rates would have reduced the fair value of our available-for-sale securities at March 31, 2021 by approximately $2.7 million.
+Added: We have an equity investment in the common stock of TELA Bio, which is publicly traded on the Nasdaq Global Select Market.
+Added: TELA Bio is measured at fair value on a recurring basis.
+Added: Changes in the price of its common stock will affect the value of our investment, and we could incur realized or unrealized losses on all or a part of the value of this investment.
+Added: At March 31, 2021, the value of our investment in TELA Bio was $11.5 million, and a hypothetical 10% decrease in the market price would have caused a decrease in our carrying amount by $1.1 million.
+Added: See Note 9, Financial Instruments , to our condensed consolidated financial statements included herein for additional information on our equity investments.
In July 2020, we issued $402.5 million in aggregate principal amount of our 2025 Notes, which mature in August 2025.
2 unchanged sentences
The fair value of the 2025 Notes is impacted by both the fair value of our common stock and interest rate fluctuations.
−Removed: As of September 30, 2020, the estimated fair value of the 2025 Notes was $1,096 per $1,000 principal amount.
+Added: As of March 31, 2021, the estimated fair value of the 2025 Notes was $1,200 per $1,000 principal amount.
See Note 8, Debt , to our condensed consolidated financial statements included herein for further discussion of the 2025 Notes.
The 2025 Notes bear interest at a fixed rate.
−Removed: At September 30, 2020, all $402.5 million of principal remains outstanding on the 2025 Notes.
+Added: At March 31, 2021, all $402.5 million of principal remains outstanding on the 2025 Notes.
In March 2017, we issued $345.0 million in aggregate principal amount of our 2022 Notes, which mature in April 2022.
4 unchanged sentences
The 2022 Notes bear interest at a fixed rate.
−Removed: of September 30, 2020, the estimated fair value of the 2022 Notes was $1,149 per $1,000 principal amount.
+Added: As of March 31, 2021, the estimated fair value of the 2022 Notes was $1,216 per $1,000 principal amount.
See Note 8, Debt , to our condensed consolidated financial statements included herein for further discussion of the 2022 Notes.
−Removed: At September 30, 2020, $160.0 million of principal remains outstanding on the 2022 Notes.
+Added: At March 31, 2021, $160.0 million of principal remains outstanding on the 2022 Notes.
+Added: We have agreements with certain vendors and partners that operate in foreign jurisdictions.
+Added: The transactions under these agreements are primarily denominated in the U.S.
+Added: Dollar, subject to periodic adjustment based on changes in currency exchange rates.
Additionally, our accounts receivable are primarily concentrated with three large wholesalers of pharmaceutical products.
1 unchanged sentence
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.