Galectin Therapeutics Inc (GALT)

[biotech2010]

I think ICPT will wind up in the Russell 1000, their market cap should be large enough by now.

Russell just goes by market cap size in determining which companies fall where, they don't make any determinations as to the quality of the company.

This is from their website:

U.S. Index construction & methodology
Russell produces a family of market cap-weighted U.S. equity indexes. All U.S. indexes are subsets of the Russell 3000E™ Index, which represents approximately 99% of the U.S. equity market.

Purpose
Act as a performance standard for active managers.
Serve as a proxy for asset allocation purposes.
Become a purchasable and replicable vehicle for passive investment strategy.
Determining index membership
Rank the U.S. common stocks from largest to smallest market capitalization at each annual reconstitution period (May 31).
Top 3,000 stocks become the Russell 3000® Index.
Largest 1,000 stocks become the Russell 1000® Index.
Next 2,000 stocks become the Russell 2000® Index.
The smallest 1,000 in the Russell 2000 Index plus the next smallest 1,000 comprise the Russell Microcap Index.