ISTA Pharmaceuticals Inc. (ISTA)

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ISTA Pharmaceuticals Announces Company's Addition to Russell 3000 and NASDAQ Biotechnology Indexes

Press Release Source: ISTA Pharmaceuticals On Thursday June 16, 2011, 7:30 am EDT

IRVINE, CA--(Marketwire - 06/16/11) - ISTA Pharmaceuticals, Inc. (NASDAQ:ISTA - News) has received notification it will join the Russell 3000® Index when Russell Investments reconstitutes its family of U.S. indexes on June 25, 2011.

The Russell Indexes capture the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and the Russell Microcap® Index. Russell indexes are reconstituted annually and are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.

Membership in the Russell 3000, 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. The Russell 3000 also serves as the U.S. component to the Russell Global Index. Russell determines membership for its equity indexes primarily by objective, market capitalization rankings and style attributes.

In addition, ISTA announced the Company was added to the NASDAQ Biotechnology Index in late May.