{"id":739408,"date":"2023-03-13T07:33:09","date_gmt":"2023-03-13T11:33:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dexcom-comments-on-svb-relationship\/"},"modified":"2023-03-13T07:33:09","modified_gmt":"2023-03-13T11:33:09","slug":"dexcom-comments-on-svb-relationship","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dexcom-comments-on-svb-relationship\/","title":{"rendered":"DexCom Comments on SVB Relationship"},"content":{"rendered":"

<\/p>\n

DexCom Comments on SVB Relationship<\/b><\/p>\n

SAN DIEGO–(BUSINESS WIRE<\/a>)–DexCom, Inc.<\/a> (NASDAQ: DXCM), today issued the following statement in response to speculation following the developments at Silicon Valley Bank, including a recent CNBC article:\n<\/p>\n

\n\u201cDexcom does not have material exposure to the developments at Silicon Valley Bank, including with respect to the company\u2019s cash deposits. Although the company has worked successfully with SVB for many years, Dexcom does not have any exclusive banking relationship with SVB. As noted in Dexcom\u2019s recent filing on form 10-K, the company currently retains approximately $2.5 billion in cash, cash equivalents, and short-term marketable securities. Approximately $2.7 million of this amount is held at SVB.\u201d\n<\/p>\n

About DexCom, Inc.<\/span><\/b><\/p>\n

\nDexCom, Inc. empowers people to take real-time control of health through innovative continuous glucose monitoring (CGM) systems. Headquartered in San Diego, Calif., and with operations across Europe and select parts of Asia\/Oceania, Dexcom has emerged as a leader of diabetes care technology. By listening to the needs of users, caregivers, and providers, Dexcom works to simplify and improve diabetes management around the world. For more information on Dexcom, visit https:\/\/www.dexcom.com\/en-us\/about-dexcom<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230313005326\/en\/<\/a><\/span><\/p>\n

Media Contact
\n<\/span><\/b>
James McIntosh
\n
619-884-2118
\n
james.mcintosh@dexcom.com<\/a><\/p>\n

Investor Contact
\n<\/span><\/b>
Sean Christensen
\n
858-203-6657
\n
sean.christensen@dexcom.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Diabetes Pharmaceutical Health Medical Devices<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

DexCom Comments on SVB Relationship SAN DIEGO–(BUSINESS WIRE)–DexCom, Inc. (NASDAQ: DXCM), today issued the following statement in response to speculation following the developments at Silicon Valley Bank, including a recent CNBC article: \u201cDexcom does not have material exposure to the developments at Silicon Valley Bank, including with respect to the company\u2019s cash deposits. Although the company has worked successfully with SVB for many years, Dexcom does not have any exclusive banking relationship with SVB. As noted in Dexcom\u2019s recent filing on form 10-K, the company currently retains approximately $2.5 billion in cash, cash equivalents, and short-term marketable securities. Approximately $2.7 million of this amount is held at SVB.\u201d About DexCom, Inc. DexCom, Inc. empowers people to take real-time control of … <\/p>\n

Continue reading “DexCom Comments on SVB Relationship”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-739408","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDexCom Comments on SVB Relationship - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dexcom-comments-on-svb-relationship\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DexCom Comments on SVB Relationship - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DexCom Comments on SVB Relationship SAN DIEGO–(BUSINESS WIRE)–DexCom, Inc. (NASDAQ: DXCM), today issued the following statement in response to speculation following the developments at Silicon Valley Bank, including a recent CNBC article: \u201cDexcom does not have material exposure to the developments at Silicon Valley Bank, including with respect to the company\u2019s cash deposits. Although the company has worked successfully with SVB for many years, Dexcom does not have any exclusive banking relationship with SVB. As noted in Dexcom\u2019s recent filing on form 10-K, the company currently retains approximately $2.5 billion in cash, cash equivalents, and short-term marketable securities. Approximately $2.7 million of this amount is held at SVB.\u201d About DexCom, Inc. 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