YOKNEAM, Israel,
March 13,
2023 /PRNewswire/ -- InMode
Ltd. (NASDAQ: INMD), a leading global provider of
innovative medical technologies, announced today that that it does
not hold cash deposits or securities at Silicon Valley Bank. The
company maintains its cash and non-insured deposits at U.S. money
center banks and large Israeli financial institutions. As a result,
the company does not expect the closure of Silicon Valley Bank to
have an impact on its operations. The company will monitor for any
effect on its suppliers, vendors and other strategic partners.
About InMode
InMode is a leading global provider of innovative medical
technologies. InMode develops, manufactures, and markets devices
harnessing novel radiofrequency ("RF") technology. InMode strives
to enable new emerging surgical procedures as well as improve
existing treatments. InMode has leveraged its medically accepted
minimally invasive RF technologies to offer a comprehensive line of
products across several categories for plastic surgery, gynecology,
dermatology, otolaryngology, and ophthalmology. For more
information about InMode, please visit www.inmodemd.com.
Investor Relations Contact:
Miri Segal-Scharia
MS-IR LLC
ir@inmodemd.com
917-607-8654
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SOURCE InMode Ltd.