Catalyst Biosciences, Inc. (NASDAQ:CBIO), a clinical-stage biopharmaceutical company focused on developing novel medicines to address hematology indications, today announced it will join the broad-market Russell 2000® Index at the conclusion of the Russell US Indices annual reconstitution, which becomes effective after the U.S. market opens on June 25, 2018.
The annual reconstitution of the Russell Indices captures the 4,000 largest U.S. stocks as of May 11, 2018, ranking them by total market capitalization. Membership in the Russell 2000 Index, which remains in place for one year, means automatic inclusion in the Russell 3000® Index, as well as the appropriate growth and value style indices. FTSE Russell determines membership in the Russell US Indices primarily by objective, market-capitalization rankings and style attributes.
“We are pleased to be added to the Russell 2000 Index and to receive the increased visibility within the institutional investment community that comes with it,” said Nassim Usman, Ph.D., chief executive officer of Catalyst. “We look forward to expanding our shareholder base to include these important broad based index funds.”
Russell US Indices are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell US Indices. Russell US Indices are part of the FTSE Russell, a leading global index provider.
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