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Pharma Tech Outlook | Wednesday, July 07, 2021
Aileron Therapeutics recently announced that it would join the Russell Microcap Index during the conclusion of the Russell indexes annual reconstitution in 2021.
FREMONT, CA : Aileron Therapeutics, a chemoprotection oncology organization, dedicated to significantly changing cancer patients' chemotherapy experience, recently announced that it would join the Russell Microcap Index during the conclusion of the Russell indexes annual reconstitution 2021, effective after the U.S. market opens on June 28, 2021.
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A one-year membership in the Russell Microcap Index entitles clients to automatic participation in the respective growth and value style indexes. The FTSE Russell selects membership for the Russell indexes primarily by objective market-capitalization rankings and style criteria. "Protection against chemotherapy-induced toxicities represents a significant, largely unaddressed need in the oncology space, and one for which there is now increasing progress and momentum," said Manuel Aivado, M.D., Ph.D., President, and Chief Executive Officer at Aileron. "Precision medicine has truly revolutionized cancer treatment. In line with that transformation, our use of the p53 biomarker gives us the potential to selectively chemoprotect healthy cells in a very large number of patients given that nearly one million cancer patients are annually diagnosed with a p53-mutated cancer in the United States alone. Our inclusion in the Russell Microcap Index will expand our investor base as we work to transform the experience of cancer patients undergoing chemotherapy."
Investment managers and institutional investors widely utilize Russell indexes for index funds and as benchmarks for active investment strategies. A Russell U.S. index is used to benchmark around $10.6 trillion in assets are used for a benchmark against Russell U.S. indexes. FTSE Russell, a renowned worldwide index provider, produces Russell indexes.
FTSE Russell is a worldwide index leader that offers investors worldwide unique benchmarking, analytics, and data solutions. FTSE Russell calculates numerous indexes that evaluate and benchmark markets and asset classes in more than 70 countries, accounting for nearly 98 percent of the global investable market. Institutional and retail investors around the world rely on FTSE Russell index knowledge and products. FTSE Russell indexes are currently benchmarked at almost $17.9 trillion.
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