Karuna says maintains ‘de minimis amount’ of cash, equivalents with SVB

In a regulatory filing, Karuna Therapeutics (KRTX) said the company is "aware of media reports indicating the closure of Silicon Valley Bank, or ‘SVB,’ and the appointment of the Federal Deposit Insurance Corporation as receiver. The company maintains a de minimis amount of cash and cash equivalents, less than one million U.S. dollars in excess of the FDIC standard deposit insurance limit, with SVB."