other material
confidence high
sentiment neutral
materiality 0.35
Nuvalent says exposure to Silicon Valley Bank is immaterial
Nuvalent, Inc.
- FDIC took control of Silicon Valley Bank on March 10, 2023.
- Nuvalent reviewed its accounts and believes current exposure is immaterial.
- Company will continue to assess impact of SVB receivership.
- No specific dollar amounts or account balances disclosed.