3 unchanged sentences
Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of cash and cash equivalents and marketable securities.
−Removed: As of June 30, 2021 we had $129.3 million of cash and cash equivalents and marketable securities.
+Added: As of September 30, 2021 we had $110.3 million of cash and cash equivalents and marketable securities.
We invest our cash primarily in money market accounts, but also invest in commercial paper and debt instruments of financial institutions, corporations, U.S.
1 unchanged sentence
The primary objectives of our investment activities are to ensure liquidity and to preserve principal while at the same time maximizing the income we receive from our marketable securities without significantly increasing risk.
−Removed: We have established
−Removed: guidelines regarding approved investments and maturities of investments, which are designed to maintain safety and liquidity.
−Removed: If a 10% change in interest rates were to have occurred on June 30, 2021 , this change would not have had a material effect on the fair value of our cash and cash equivalents and marketable securities as of that date.
+Added: We have established guidelines regarding approved investments and maturities of investments, which are designed to maintain safety and liquidity.
+Added: If a 10% change in interest rates were to have occurred on September 30, 2021, this change would not have had a material effect on the fair value of our cash and cash equivalents and marketable securities as of that date.
Inflation Risk
Inflation generally may affect us by increasing our cost of labor and clinical trial costs.
−Removed: Inflation has not had a material effect on our business, financial condition or results of operations during the three months ended June 30, 2021.
+Added: Inflation has not had a material effect on our business, financial condition or results of operations during the three and nine months ended September 30, 2021.
Foreign Currency Exchange Risk
1 unchanged sentence
However, a significant portion of our operating expenses are incurred in NIS.
−Removed: As a result, we are exposed to the risk that the NIS may appreciate relative to the dollar, or, if the NIS instead devalues relative to the dollar, that the inflation rate in Israel may exceed such rate of devaluation of the NIS, or that the timing of such devaluation may lag behind inflation in Israel.
+Added: As a result, we are exposed to the risk that the New Israeli Shekel ("NIS") may appreciate relative to the dollar, or, if the NIS instead devalues relative to the dollar, that the inflation rate in Israel may exceed such rate of devaluation of the NIS, or that the timing of such devaluation may lag behind inflation in Israel.
In any such event, the dollar cost of our operations in Israel would increase and our dollar-denominated results of operations would be adversely affected.
7 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.