3 unchanged sentences
Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of cash, cash equivalents and marketable securities.
−Removed: As of September 30, 2025, we had $127.4 million in cash and cash equivalents and marketable securities.
+Added: As of March 31, 2026, we had $140.3 million in cash and cash equivalents and marketable securities.
We invest our cash primarily in money market accounts, but from time to time may invest in commercial paper and debt instruments of financial institutions, corporations, U.S.
2 unchanged sentences
We have established 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 September 30, 2025, this change would not have had a material effect on the fair value of our cash, cash equivalents and marketable securities as of that date.
+Added: If a 10% change in interest rates were to have occurred on March 31, 2026, this change would not have had a material effect on the fair value of our cash, 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 nine months ended September 30, 2025 or 2024.
+Added: Inflation has not had a material effect on our business, financial condition or results of operations during the three months ended March 31, 2026 or 2025.
Foreign Currency Exchange Risk
4 unchanged sentences
We cannot predict any future trends in the rate of inflation in Israel or the rate of devaluation, if any, of the NIS against the dollar.
−Removed: For example, the dollar appreciated against the NIS during 2024 by a total of 1.2%.
+Added: For example, the dollar depreciated against the NIS during 2025 by approximately 12.5%.
If the dollar cost of our operations in Israel increases, our dollar-measured results of operations will be adversely affected.
Our operations also could be adversely affected if we are unable to effectively hedge against currency fluctuations in the future.
−Removed: If a 10% change in NIS-to-Dollar exchange rates were to have occurred during the nine months ended September 30, 2025, this change would not have had a material effect on our operating expenses.
+Added: If a 10% change in NIS-to-Dollar exchange rates were to have occurred during the three months ended March 31, 2026, this change would not have had a material effect on our operating expenses.
We do not currently engage in currency hedging activities in order to reduce this currency exposure, but we may begin to do so in the future.
2 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.