8 unchanged sentences
conditions in the United States and across most of the globe continue to change rapidly.
−Removed: The COVID-19 outbreak may disrupt our
−Removed: operations through its impact on our employees, our partner companies and their businesses, and certain industries in which our
−Removed: partner companies operate.
−Removed: In the last two weeks in March and through the date of this filing, our Pharmaceutical Development
−Removed: segment has seen a reduction in its productivity as well as delays in receiving some of its needed supplies as a direct result
−Removed: of the pandemic and the impact on key vendors.
−Removed: This slow-down is likely to continue in the near term until such time as certain
−Removed: restrictions that have been imposed on us and our suppliers are lifted.
−Removed: Such events may result in business disruption and reduced
−Removed: revenues, any of which could materially affect our business, financial condition and results of operations.
+Added: The COVID-19 outbreak is expected to
+Added: continue to disrupt our operations through its impact on our employees, our partner companies and their businesses, and certain
+Added: industries in which our partner companies operate.
+Added: In the last two weeks in March and through the date of this filing, our Pharmaceutical
+Added: Development segment has seen a reduction in its productivity as well as delays in receiving some of its needed supplies as a direct
+Added: result of the pandemic and the impact on key vendors.
+Added: This slow-down is likely to continue in the near term until such time as
+Added: certain restrictions that have been imposed on us and our suppliers are lifted.
+Added: Such events may result in business disruption
+Added: and reduced revenues, any of which could materially affect our business, financial condition and results of operations.
state and local jurisdictions have imposed, and others in the future may impose, “shelter-in-place”
6 unchanged sentences
and business operations for an indefinite period of time, subject to certain exceptions for necessary activities.
−Removed: July 2020, the governor of New Jersey began a phased re-opening of the state’s economy, though much non-essential activities
+Added: July 2020, the governor of New Jersey began a phased re-opening of the state’s economy, though some non-essential activities
remain limited, which continues to impact operations.
6 unchanged sentences
that may further impact our business.
+Added: We continue to monitor COVID-19 recommendations mandated by the governor’s office.
the potential economic impact brought by, and the duration of, COVID-19 may be difficult to assess or predict, the widespread
5 unchanged sentences
and certain industries in which our portfolio companies operate.
−Removed: Disruptions to our portfolio companies may impair their ability
+Added: Disruptions to our partner companies may impair their ability
to fulfill their obligations to us and could result in increased risk of delinquencies, defaults, declining collateral values
8 unchanged sentences
Related to Finance Receivables Segment
−Removed: we have a limited number of assets, which subjects our aggregate returns, and the value of our common stock, to a greater risk
−Removed: of significant loss if any of our debt or equity securities declines in value or if any of our royalty investments substantially
−Removed: underperforms our expectations.
+Added: Currently, we have a limited
+Added: number of assets, which subjects our aggregate returns, and the value of our common stock, to a greater risk of significant loss
+Added: if any of our debt or equity securities declines in value or if any of our royalty investments substantially underperforms our
+Added: expectations.
total investment in companies may be significant individually or in the aggregate.
3 unchanged sentences
significant investment, which may be more severe than if we had made smaller investments in more companies.
−Removed: Our financial
−Removed: results could be materially adversely affected if these portfolio companies or any of our other significant portfolio companies
−Removed: encounter financial difficulty and fail to repay their obligations or to perform as expected.
+Added: Our financial results
+Added: could be materially adversely affected if these portfolio companies or any of our other significant portfolio companies encounter
+Added: financial difficulty and fail to repay their obligations or to perform as expected.
Related to Our Business and Structure
13 unchanged sentences
However, no assurance can be
−Removed: given that the steps being taken will be adequate or deemed to be appropriate, nor can we predict the level of disruption
−Removed: which will occur to our employees’
+Added: given that the steps being taken will be adequate or deemed to be appropriate, nor can we predict the level of disruption which
+Added: will occur to our employees’
ability to service the finance receivables portfolio or Enteris’
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.