Pharming Expects to Have Access to $26 Million It Has on Deposit at SVB US
13 Mars 2023 - 9:34AM
Dow Jones News
By Elena Vardon
Pharming Group NV on Monday said it expects to have access to
the $26 million in cash it has on deposit at Silicon Valley Bank in
light of the U.S. government announcement that approved a
resolution fully protecting the bank's depositors.
The Dutch pharmaceutical company said it expects to not bear any
losses on these deposits.
"Pharming continues to actively monitor the situation, including
with respect to its US$19 million in deposits at Silicon Valley
UK", said the group.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
March 13, 2023 04:19 ET (08:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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