On March 13, 2023 Outlook Therapeutics, Inc. (Nasdaq: OTLK), a biopharmaceutical company working to develop and launch the first FDA-approved ophthalmic formulation of bevacizumab for use in retinal indications, reported that it is aware that the Federal Deposit Insurance Corp. has taken control of Silicon Valley Bank ("SVB") (Press release, Outlook Therapeutics, MAR 13, 2023, View Source [SID1234628573]).

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Outlook Therapeutics does not hold any deposits or investments at SVB.