Brief: Ventyx Biosciences Provides Update On Silicon Valley Bank Financial Exposure

Ventyx Biosciences

11/03/2023 18:22

March 11 (Reuters) - Ventyx Biosciences Inc  VTYX.O :
    * VENTYX BIOSCIENCES PROVIDES UPDATE ON SILICON VALLEY BANK
FINANCIAL EXPOSURE
    * VENTYX BIOSCIENCES - MAJORITY OF OUR CASH AND CASH
EQUIVALENTS
ARE HELD IN ACCOUNTS OUTSIDE OF SVB AND OUR INVESTMENT PORTFOLIO
HAS NO EXPOSURE TO SVB
    * DO NOT SEE A MATERIAL IMPACT TO OUR LIQUIDITY POSITION OR
OUR
ONGOING OPERATIONS AS A RESULT OF THIS EVENT
    * A PORTION OF OUR CASH IS DEPOSITED IN ACCOUNTS WITH SVB
AND
VENTYX MAY NOT HAVE FULL ACCESS TO THESE FUNDS IN NEAR-TERM.

Source text for Eikon:  ID:nGNX2rtr8V 
Further company coverage:  VTYX.O 

 ((Reuters.Briefs@thomsonreuters.com;))