4 unchanged sentences
As of December 31, 2023, we had unrestricted cash and cash equivalents, marketable securities, and long term marketable securities of $271.5 million.
−Removed: 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.
−Removed: We may borrow funds pursuant to our Credit Line at variable interest rates determined by reference to a reference rate and an applicable spread.
−Removed: Variable rate borrowing would expose us to interest rate risk as increases in interest rates would increase our borrowing costs.
−Removed: If we borrow funds pursuant to our Credit Line, we will be subject to a collateral maintenance requirement.
+Added: We fully repaid the outstanding principal and interest on the 2023 Notes in April 2023.
+Added: We borrowed funds pursuant to our Credit Line in connection with the payment of the 2023 Notes.
+Added: We fully repaid the outstanding debt under the Credit Line in June 2023.
+Added: In the future, we may borrow funds under the Credit Line.
+Added: Variable rate borrowing, which may occur under the Credit Line, exposes us to interest rate risk as increases in interest rates would increase our borrowing costs.
+Added: Any borrowed funds pursuant to our Credit Line are subject to a collateral maintenance requirement.
The Credit Line is secured primarily by our portfolio of marketable securities, which is primarily comprised of corporate and U.S.
13 unchanged sentences
Because of the relatively short period that we hold our investments and because we generally hold these securities to maturity, we do not believe that an increase in interest rates would have any significant impact on the realizable value of our investments.
−Removed: We do not have any currency or other derivative financial instruments other than outstanding warrants to purchase common stock and the convertible note hedges.
We may contract with clinical research organizations (CROs) and investigational sites globally.
−Removed: Currently, we have ongoing clinical trials, which are being conducted outside the U.S.
+Added: Currently, we have ongoing clinical trials 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.