5 unchanged sentences
To achieve our objectives, we maintain a portfolio of cash equivalents and investments in a variety of securities of high credit quality.
−Removed: We had cash, cash equivalents and marketable securities of $294.9 million and $326.5 million as of March 31, 2021 and December 31, 2020, respectively, which consisted primarily of money market funds, commercial paper, corporate debt securities, asset-based securities, U.S.
+Added: We had cash, cash equivalents and marketable securities of $283.4 million and $326.5 million as of June 30, 2021 and December 31, 2020, respectively, which consisted primarily of money market funds, commercial paper, corporate debt securities, asset-based securities, U.S.
government securities and supranational debt securities.
1 unchanged sentence
however, historical fluctuations in interest income have not been significant.
−Removed: Additionally, we had equity securities of $31.0 million as of March 31, 2021, consisting solely of common stock of Vaxcyte.
+Added: Additionally, we had equity securities of $35.3 million as of June 30, 2021, consisting solely of common stock of Vaxcyte.
Equity risk is the risk we will incur economic losses due to adverse changes in equity prices.
1 unchanged sentence
Therefore, we are subject to market risk if such holdings materially decrease in value.
−Removed: A hypothetical 10 percent decrease in the market price for our equity investments as of March 31, 2021 would decrease the fair value by $3.1 million.
+Added: A hypothetical 10 percent decrease in the market price for our equity investments as of June 30, 2021 would decrease the fair value by $3.5 million.
We intend to manage equity price risk going forward by continuously evaluating market conditions.
3 unchanged sentences
We do not believe that our cash, cash equivalents or marketable securities have significant risk of default or illiquidity.
−Removed: As of March 31, 2021 and December 31, 2020, we had $24.7 million and $24.5 million, respectively, in debt outstanding, net of debt discount.
+Added: As of June 30, 2021 and December 31, 2020, we had $24.8 million and $24.5 million, respectively, in debt outstanding, net of debt discount.
Our debt with Oxford and SVB bears interest at a floating per annum rate equal to the greater of (i) 8.07% or (ii) the sum of (a) the greater of (1) the thirty (30) day U.S.
4 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.