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 March 31, 2026, we had $140.3 million in cash and cash equivalents and marketable securities.
+Added: As of June 30, 2026, we had $108.0 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 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.
+Added: If a 10% change in interest rates were to have occurred on June 30, 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 three months ended March 31, 2026 or 2025.
+Added: Inflation has not had a material effect on our business, financial condition or results of operations during the six months ended June 30, 2026 or 2025.
Foreign Currency Exchange Risk
dollar is our functional and reporting currency.
−Removed: However, a significant portion of our operating expenses are incurred in the New Israeli Shekel ("NIS").
+Added: However, a significant portion of our operating expenses are incurred in New Israeli Shekels ("NIS").
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.
4 unchanged sentences
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 three months ended March 31, 2026, 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 six months ended June 30, 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.