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Co-Diagnostics, Inc. to Join Russell 2000® and Russell 3000® Indexes
SALT LAKE CITY, June 9, 2020 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX), a molecular diagnostics company with a unique, patented platform for the
About this update from Co-diagnostics, Inc.
[{"type":"text","content":"SALT LAKE CITY, June 9, 2020 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX), a molecular diagnostics company with a unique, patented platform for the development of diagnostic tests, announced today that it is expected to join the Russell 2000® Index at the conclusion of the annual Russell US Indexes reconstitution after the close of equity markets on June 26, 2020. \n\n \n \n \n \n \n \n\n \nAnnual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 8, 2020 ranking them by total market capitalization. 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, a leading global index provider, determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.\nDwight Egan, Co-Diagnostics CEO, remarked \"We are pleased by our inclusion in the Russell 2000® Index and the validation it brings to our Company as a provider of molecular diagnostics solutions. We believe this will further enhance our visibility in the investment community, especially among institutions.\"\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell's US indexes, and the Russell 2000® Index is comprised of the smaller-cap stocks of the Russell 3000® Index, a market cap weighted index of the 3,000 largest US stocks.\nFor more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the \"Russell Reconstitution\" section on the FTSE Russell website.\nAbout Co-Diagnostics, Inc.:Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets a new, state-of-the-art diagnostics technology. The Company's technology is utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers.\nForward-Lo...