On March 11, 2023 Veracyte, Inc. (Nasdaq: VCYT) outlined the company’s cash, reported its cash equivalents and short-term investment status in light of the events surrounding Silicon Valley Bank (SVB) (Press release, Veracyte, MAR 11, 2023, View Source [SID1234628542]).

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As of December 31, 2022, the company had $178.9 million in cash, cash equivalents and short-term investments. The majority of these assets are not restricted by the Federal Deposit Insurance Corporation’s (FDIC) action to take control of SVB. The company believes its currently accessible cash, cash equivalents and short-term investments will be sufficient to satisfy its operations and obligation