SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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|Item 7.01|| |
Regulation FD Disclosure.
Vir Biotechnology, Inc. (the “Company”) is aware that the Federal Deposit Insurance Corp. (“FDIC”) has taken control of Silicon Valley Bank (“SVB”) and the Company continues to monitor this situation. The Company maintains operating accounts at SVB with approximately $220 million as of March 10, 2023. As of December 31, 2022, the Company reported cash, cash equivalents and investments of approximately $2.4 billion.
The information in this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|VIR BIOTECHNOLOGY, INC.|
|Date: March 10, 2023||By:|| |
/s/ Howard Horn
|Executive Vice President, Chief Financial Officer and Secretary|