5 unchanged sentences
In connection with the 2023 Notes, we have separately entered into Convertible Note Hedge Transactions and Warrant Transactions to reduce the potential dilution of the Company's common stock upon conversion of the 2023 Notes, and to partially offset the cost to purchase the Convertible Note Hedge Transactions, respectively.
+Added: We may borrow funds pursuant to our Credit Line at variable interest rates determined by reference to a reference rate and an applicable spread.
+Added: Variable rate borrowing would expose us to interest rate risk as increases in interest rates would increase our borrowing costs.
+Added: If we borrow funds pursuant to our Credit Line, we will be subject to a collateral maintenance requirement.
+Added: The Credit Line is secured primarily by our portfolio of marketable securities, which is primarily comprised of corporate and U.S.
+Added: government agency and municipal debt securities and may fluctuate in value.
+Added: The fluctuations may be driven by, among other things, changes in interest rates, economic conditions, and other financial conditions as well as idiosyncratic factors related to a security’s issuer.
+Added: To the extent a fluctuation in value results in the value of the collateral decreasing below the required collateral maintenance requirements we may be required to promptly post additional collateral.
+Added: Additionally, our Credit Line is an uncommitted facility that may be terminated by the lender at any time.
+Added: During periods of rapidly changing interest rates, economic conditions or other financial conditions, the Credit Line may be terminated by the lender and/or the lender may declare that all borrowings thereunder are immediately due.
Our cash and cash equivalents consist primarily of cash held at banks and investments in highly liquid financial instruments with an original maturity of three months or less.
3 unchanged sentences
governmental agency debt securities;
−Removed: corporate and municipal debt securities;
−Removed: and other fixed income securities.
+Added: and corporate and municipal debt securities.
We place all investments with governmental, industrial, or financial institutions whose debt is rated as investment grade.
3 unchanged sentences
We may contract with clinical research organizations (CROs) and investigational sites globally.
−Removed: Currently, we have only one ongoing trial, which is being conducted outside the U.S.
+Added: Currently, we have ongoing clinical trials, which are being conducted outside the U.S.
We do not hedge our foreign currency exchange rate risk.
5 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.