other material
confidence high
sentiment neutral
materiality 0.55
Galecto discloses SVB exposure under $1.5M; no material impact expected
Damora Therapeutics, Inc.
- FDIC took control of Silicon Valley Bank on March 10, 2023 due to liquidity concerns.
- Galecto's cash deposits at SVB total less than $1.5 million, excluding FDIC-insured amounts.
- Company does not anticipate any material effect on its operating plan or cash runway.