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Atossa Set to Join Russell 3000® Index Effective June 28, 2024
SEATTLE, June 17, 2024 (GLOBE NEWSWIRE) -- Atossa Therapeutics, Inc. (Nasdaq: ATOS) (“Atossa” or the “Company”), today announced its expected upcoming
About this update from Atossa Therapeutics, Inc.
[{"type":"text","content":"SEATTLE, June 17, 2024 (GLOBE NEWSWIRE) -- Atossa Therapeutics, Inc. (Nasdaq: ATOS) (“Atossa” or the “Company”), today announced its expected upcoming inclusion in the Russell 3000® Index, according to preliminary Russell reconstruction information posted on the FTSE Russell website. The newly reconstructed index will take effect after the market closes on June 28, 2024. Atossa is a clinical stage biopharmaceutical company developing innovative medicines in areas of significant unmet medical need in oncology with a focus on breast cancer. \"Atossa’s inclusion in the Russell 3000® Index is our latest milestone, adding to what has already been a transformational year for the Company,” said Steven Quay, M.D., Ph.D., Atossa’s President and Chief Executive Officer. “Among other progress, we presented extremely encouraging monotherapy data at the American Association for Cancer Research (AACR) Annual Meeting and initiated a Phase 2 study investigating the combination of our proprietary (Z)-endoxifen and abemaciclib (VERZENIO®), a cyclin-dependent kinase (CDK) 4/6 inhibitor marketed by Eli Lilly and Company. And, later this year, we expect primary data from two of our ongoing Phase 2 studies to be available. Our addition to the Russell 3000 shows the value of our expanding (Z)-endoxifen development program and will result in significant visibility for Atossa within the investment community, which we expect will expand our shareholder base.” Membership in the US all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider. About (Z)-Endoxifen(Z)-endoxifen is the most potent Selective Estrogen Receptor Modulator (SERM) for estrogen receptor inhibition and also causes estrogen receptor degradation. It has als...