Healthcare startups may flock to traditional large banks and prioritize conserving cash after the collapse of regional lenders Silicon Valley Bank and Signature Bank last week.
The fall of SVB created a chasm in the life sciences startup sector, locking out funds temporarily for some companies and cutting off a source of short-term cash for healthcare startups, Healthcare Dive reports.
A major bank and lender for healthcare companies, SVB announced last year that it had clients in nearly half of U.S. venture-backed technology and life sciences companies. Read more.
