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DewDiligence

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DewDiligence

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Re: None

Friday, 03/10/2023 4:49:51 PM

Friday, March 10, 2023 4:49:51 PM

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ENTA Reg-FD disclosure re SVB Bank:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001177648/000095017023007317/enta-20230310.htm

On March 10, 2023, Enanta Pharmaceuticals, Inc. reported that less than approximately 5% of its cash and marketable securities are held in operating accounts at Silicon Valley Bank. Its investments in marketable securities are held in custody accounts at an independent institution. Accordingly, there is no material impact on its projected cash runway or operations.

I would’ve preferred to see no exposure to SVB whatsoever, but this is the next best thing.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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