BASKING RIDGE, N.J., (June 26, 2017) -- Caladrius Biosciences, Inc. (NASDAQ:CLBS) (“Caladrius” or the “Company”), a cellular therapeutics development company with a pipeline focused on autoimmune disease and select cardiovascular indications, announces today that the Company has joined the Russell Microcap® Index as part of the Russell indexes annual reconstitution, effective after the U.S. financial market opens today.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
"We are delighted to have been selected by FTSE Russell for inclusion in its microcap index," stated David J. Mazzo, Ph.D., President and Chief Executive Officer of Caladrius. "We believe that being part of the Russell Microcap Index will increase the Company's overall visibility and further broaden our shareholder base. We expect that inclusion in such an index will contribute to improving overall shareholder value in conjunction with the advancement of our Phase 2 clinical trial for our lead product candidate, CLBS03, for the treatment of recent onset type 1 diabetes."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $8.4 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
