SVB fall casts shadow on early-stage U.S. biotech - Triumvira Immunologics | Engineered T Cell Therapies
The Impact of Silicon Valley Bank's Collapse on Biotechnology
The collapse of Silicon Valley Bank (SIVB.O) will leave early-stage biotechnology companies with a funding void, investors and analysts said on Monday, but larger, publicly-traded drug companies should escape unscathed.
About 50% of U.S. biotech companies, developing drugs for everything from cancer to heart disease and rare conditions, banked with Silicon Valley Bank (SVB), including a large number of private firms, according to WBB financial analyst and managing partner Steve Brozak.