Avacta has 'no relationship' with failed tech-focussed bank
Avacta Group
48.82p
10:59 29/04/24
0.05%
0.02p
Life science company Avacta reassured the market on Monday, following the collapse of technology and science-focussed Silicon Valley Bank last week.
FTSE AIM All-Share
759.04
11:05 29/04/24
n/a
n/a
Pharmaceuticals & Biotechnology
23,006.16
11:05 29/04/24
1.02%
232.90
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.