InMode Unaffected by Silicon Valley Bank Closure

International market dominating supplier of medical technology, InMode, creates, produces, and sell gadgets that make use of cutting-edge radiofrequency innovation.

InMode works to facilitate newly developed surgical methods and enhance current medical practises.

Today, in response to the March 2023 collapse of the Californian banking institution, InMode declared that the company does not have any cash deposits or securities with Silicon Valley Bank.

Instead, they keep their cash and non-insured assets in major Israeli and US banking fascilities.

Hence, the business does not anticipate that the shutdown of Silicon Valley Bank will have an effect on its business activities. However, they will keep an eye out for any impact on providers, distributors, and other strategic associates.

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