Trevena Inc (NASDAQ: TRVN) biopharmaceutical company announced that it had made it to the small-cap Russell 2000® Index, the broad-market Russell 3000® Index, and the Russell Microcap® Index. The respective biopharmaceutical company is involved in creating and commercialization of drugs for individuals suffering from central nervous system (CNS) disorders.
CEO of Trevena Inc assures company will work towards building long term value
Reacting to the news, “Trevena’s inclusion in the Russell indexes reflects the significant value created from the approval and launch of OLINVYK, and broad advances across our pipeline,” said Carrie Bourdow, President and CEO of the company. “This will further increase the visibility of Trevena, broaden our shareholder base, and enhance liquidity in our stock. We intend to build upon this important step to continue building long term value for our shareholders,” Bourdow concluded.
Alto Ingredients Inc (NASDAQ: ALTO) stock in the small-cap Russell 2000® Index and broad-market Russell 3000® Index
Meanwhile, also doing the rounds is the news of Alto Ingredients Inc (NASDAQ: ALTO) being added to the small-cap Russell 2000® Index and broad-market Russell 3000® Index. A source confirmed that the individual stock would be included in the appropriate growth and value indexes by default.
“Our inclusion in the Russell indexes is an important milestone for Alto Ingredients,” stated Mike Kandris, CEO. “Our presence in the indexes complements our efforts to increase visibility of our leadership position in the specialty alcohols and essential ingredients markets and broadens our exposure in the wider investment community,” Kandris concluded.
Alto Ingredients Inc is regarded as one of the leading producers of specialty alcohols and essential ingredients. Consumer products companies and food and beverage companies are the company’s customers.
Russell indexes are extensively used
Institutional investors and investment managers for index funds take advantage of the Russell indexes. They double up as a yardstick for planning and implementing investment strategies. Russell indexes come under the ambit of FTSE Russell, which is a leading global index provider.