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

Rhea-AI Summary

Immix Biopharma, Inc. (Nasdaq: IMMX) announced on March 10, 2023, that it has no exposure to Silicon Valley Bank or Silvergate Bank. This statement underscores the company’s financial stability amidst recent banking sector concerns. ImmixBio is a clinical-stage biopharmaceutical company focusing on Tissue-Specific Therapeutics (TSTx)™ aimed at treating oncology and immuno-dysregulated diseases. With its proprietary SMARxT Tissue-Specific™ Platform, ImmixBio is innovating in the treatment landscape by targeting tumor microenvironments to enhance therapeutic efficacy.

News Market Reaction – IMMX

+14.45%

+14.45% Session move

In the trading session that priced this news, IMMX gained 14.45%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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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

Investor Contact
Suzanne Messere
Stern Investor Relations
Suzanne.Messere@sternir.com

Company Contact
irteam@immixbio.com   

FAQ

What banks does Immix Biopharma have exposure to?

Immix Biopharma confirmed that it has no exposure to Silicon Valley Bank or Silvergate Bank.

What is the focus of Immix Biopharma?

Immix Biopharma focuses on pioneering Tissue-Specific Therapeutics targeting oncology and immuno-dysregulated diseases.

What is the stock symbol for Immix Biopharma?

The stock symbol for Immix Biopharma is IMMX.