Lantern Pharma said it had no exposure to SVB or Signature Bank, after stock plunged last week

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Lantern Pharma said it had no exposure to SVB or Signature Bank, after stock plunged last week
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Lantern Pharma Inc. confirmed Monday that it, or any of its subsidiaries, had no exposure to SIVB Financial Group’s Silicon Valley Bank, Silvergate Capital...

Lantern Pharma Inc.

confirmed Monday that it, or any of its subsidiaries, had no exposure to SIVB Financial Group’s SIVB Silicon Valley Bank, Silvergate Capital Corp. SI or Signature Bank SBNY. The biopharmaceutical company’s statement comes after Lantern’s stock plunged 22.4% last week, the second-worst weekly performance since it went public in June 2020, to close Friday at a four-month low.

confirmed Monday that it, or any of its subsidiaries, had no exposure to SIVB Financial Group’s SIVB Silicon Valley Bank, Silvergate Capital Corp. SI or Signature Bank SBNY . The biopharmaceutical company’s statement comes after Lantern’s stock plunged 22.4% last week, the second-worst weekly performance since it went public in June 2020, to close Friday at a four-month low.

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