Cidara Therapeutics Added to Russell 3000® Index
SAN DIEGO, June 29, 2020 (GLOBE NEWSWIRE) -- Cidara Therapeutics, Inc. (Nasdaq: CDTX), a biotechnology company developing long-acting therapeutics to transform the standard of care for patients facing serious fungal or viral infections, today announced that it has been added to the Russell 3000® Index at the conclusion of the Russell indexes annual reconstitution, effective upon the U.S. market open today, June 29, 2020.
Russell 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 U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
“We are pleased to be included in the Russell 3000 index and view this important milestone as validation of the progress we’ve achieved in communicating the value of our antifungal and antiviral programs to the investment community,” said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. “Moreover, we believe our inclusion in the Russell 3000 has the potential to further enhance shareholder value through increased institutional investor exposure and visibility for Cidara.”
For more information on the Russell 3000 and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About Cidara Therapeutics