12 unchanged sentences
Foreign Currency
+Added: The majority of our transactions occur in U.S.
+Added: However, we do have certain transactions that are denominated in currencies other than the U.S.
The functional currency of our foreign subsidiaries is the U.S.
3 unchanged sentences
Revenue and expenses are translated at average rates throughout the respective periods.
−Removed: As of the date of this Annual Report on Form 10-K, we are exposed to foreign currency risk primarily related to the operations of our Swiss and Australian subsidiaries and our collaboration with GSK and consequently the Swiss Franc, Australian dollar and British pound.
−Removed: Transaction gains and losses are included in other (expense) income, net on the consolidated statements of operations and are not material for the years ended December 31, 2024, 2023 and 2022.
+Added: As of the date of this Annual Report on Form 10-K, we are exposed to foreign currency risk primarily related to the operations of our Swiss subsidiaries and our license agreement with Norgine and consequently the Swiss Franc and Euros.
+Added: Transaction gains and losses are included in other expense, net on the consolidated statements of operations and are not material for the years ended December 31, 2025, 2024 and 2023.
Equity Investment 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.