Brief: Nurix Therapeutics - Maintains Operating Account At Svb With Cash Balance Of Less Than 1% Of Co's Total Cash, Cash Equivalents And Marketable Securities

Nurix Therapeutics

13/03/2023 21:32

March 13 (Reuters) - Nurix Therapeutics Inc  NRIX.O :
    * NURIX THERAPEUTICS - MAINTAINS OPERATING ACCOUNT AT SVB
WITH
CASH BALANCE OF LESS THAN 1% OF CO'S TOTAL CASH, CASH
EQUIVALENTS AND MARKETABLE SECURITIES
    * NURIX THERAPEUTICS SAYS CO'S DIRECT EXPOSURE TO SVB,
EXPOSURE TO
LOSS AS RESULT OF SVB’S RECEIVERSHIP IS IMMATERIAL
    * NURIX THERAPEUTICS SAYS BELIEVES THAT ITS FUNDS CURRENTLY
HELD
AT SVB WILL BE FULLY AVAILABLE IF AND WHEN NEEDED

Source text: [ID:https://tinyurl.com/49nkw9w7https://tinyurl.com/49nkw9w7
]
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