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Immix Biopharma Confirms No Exposure to Silicon Valley Bank or Silvergate Bank

Key Takeaway: Immix Biopharma, Inc. announced that it has no financial exposure to Silicon Valley Bank or Silvergate Bank. This statement ensures that the company’s operations remain stable amid ongoing financial uncertainties in the banking sector. Immix Biopharma continues to focus on its clinical-stage development of Tissue-Specific Therapeutics, targeting oncology and immuno-dysregulated diseases. The announcement reflects the company's robust financial position and commitment to its innovative therapeutic solutions.

Market Sentiment Analysis

POSITIVE FACTORS

  • Immix Biopharma confirms no financial exposure to troubled banks.
  • The company continues to focus on its innovative Tissue-Specific Therapeutics.
  • No impact on operations due to external banking issues.

Full Press Release Details

LOS ANGELES, March 10, 2023 (GLOBE NEWSWIRE) -- Immix Biopharma, Inc. (Nasdaq: IMMX) (“ImmixBio”, “Company”, “We” or “Us”), a biopharmaceutical company pioneering Tissue-Specific Therapeutics (TSTx)™ targeting oncology and immuno-dysregulated diseases, today confirms that neither ImmixBio, nor any of its subsidiaries, have any exposure to Silicon Valley Bank (“SVB”) or Silvergate Bank.
About Immix Biopharma, Inc.
Immix Biopharma, Inc. (ImmixBio™) (Nasdaq: IMMX) is a clinical-stage biopharmaceutical company pioneering a novel class of Tissue-Specific Therapeutics (TSTx)™ targeting oncology and immuno-dysregulated diseases. Our proprietary SMARxT Tissue-Specific™ Platform produces drug candidates that circulate in the bloodstream, exit through tumor blood vessels and simultaneously attack all 3 components of the tumor micro-environment (TME). We believe ImmixBio’s TME Normalization™ technology severs the lifelines between the tumor and its metabolic and structural support. Learn more at www.immixbio.com
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Frequently Asked Questions

What is Immix Biopharma known for?

Immix Biopharma specializes in Tissue-Specific Therapeutics targeting oncology and immuno-dysregulated diseases.

Does Immix Bio have exposure to SVB or Silvergate Bank?

Immix Biopharma confirms no exposure to Silicon Valley Bank or Silvergate Bank.

What does the TME Normalization™ technology do?

TME Normalization™ technology disrupts the connections between tumors and their support systems.

How does ImmixBio’s TSTx™ Platform work?

The SMARxT Tissue-Specific™ Platform creates drug candidates that target tumor micro-environment components.

Last updated: Mar 11, 2023