Avacta has 'no relationship' with failed tech-focussed bank

By Josh White

Date: Monday 13 Mar 2023

(Sharecast News) - Life science company Avacta reassured the market on Monday, following the collapse of technology and science-focussed Silicon Valley Bank last week.
The AIM-traded form said it had no banking relationship with either SVB or its local operation SVB UK.

As a result, it had no cash on deposit with them.

At 0951 GMT, shares in Avacta Group were down 1.34% at 135.66p.

Reporting by Josh White for Sharecast.com.

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