- Enhanced Liquidity and Exposure to Benefit Shareholders -
InVivo Therapeutics Holdings Corp. (NVIV) today announced that
the company has been added to the Russell Global, Russell 3000®, Russell
2000®, and Russell Microcap ® Indexes on June 26, 2015.
“I am pleased by InVivo’s inclusion in the various Russell Indexes,”
said Mark Perrin, InVivo’s CEO and Chairman. “The news comes less than
three short months after our NASDAQ listing, and I’m happy to be
executing on the long-term benefits of being NASDAQ-listed. We expect to
see a significant increase in demand and liquidity from index funds
looking to replicate the new Russell weightings, which will benefit our
shareholders.”
To view the published CEO’s Perspective titled “What NASDAQ has to
Offer,” please visit the archives on: http://www.invivotherapeutics.com/about-invivo/ceo-perspective/.
The Russell Global Indexes represent 98% of the global equity market.
The Russell 3000® Index measures the performance of the largest 3,000
U.S. companies representing approximately 98% of the investable U.S.
equity market. The Russell 2000® Index, a subset of the Russell 3000®
Index, measures the performance of the small-cap segment of the U.S.
equity universe and represents approximately 10% of the total market
capitalization of the Russell 3000® Index. The Russell Microcap® Index
measures the performance of the microcap segment of the U.S. equity
market, making up less than 3% of the U.S. equity market (by market
capitalization) and consisting of the smallest 1,000 securities in the
Russell 2000® Index plus the next 1,000 smallest eligible securities by
market capitalization. Membership in the Russell Indexes, which remain
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.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $5.7 trillion in assets are benchmarked to the
Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
About InVivo Therapeutics
InVivo Therapeutics Holdings Corp. is a research and clinical-stage
biomaterials and biotechnology company with a focus on treatment of
spinal cord injuries. The company was founded in 2005 with proprietary
technology co-invented by Robert Langer, Sc.D., Professor at
Massachusetts Institute of Technology, and Joseph P. Vacanti, M.D., who
then was at Boston Children’s Hospital and who now is affiliated with
Massachusetts General Hospital. In 2011, the company earned the David S.
Apple Award from the American Spinal Injury Association for its
outstanding contribution to spinal cord injury medicine. In 2015, the
company’s investigational Neuro-Spinal Scaffold received the 2015
Becker’s Healthcare Spine Device Award. The publicly-traded company is
headquartered in Cambridge, MA. For more details, visit www.invivotherapeutics.com.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics, and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and benchmark
markets and asset classes in more than 80 countries, covering 98% of the
investable market globally and trading on over 25 exchanges worldwide.
FTSE Russell index expertise and products are used extensively by
institutional and retail investors globally. Leading asset owners, asset
managers, ETF providers and investment banks use FTSE Russell indexes to
benchmark their investment performance and create ETFs, structured
products and index-based derivatives.
A core set of universal principles guides FTSE Russell index design and
management: a transparent rules-based methodology is informed by
independent committees of leading market participants. FTSE Russell is
focused on applying the highest industry standards in index design and
governance. FTSE Russell is also focused on index innovation and client
collaboration as it seeks to enhance the breadth, depth, and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For more
information, visit www.ftserussell.com.
Safe Harbor Statement
Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements within the
meaning of the federal securities laws. These statements can be
identified by words such as "believe," "anticipate," "intend,"
"estimate," "will," "may," "should," "expect,"
“designed to,” “potentially,” and similar expressions, and include
statements regarding the expected increase in demand and liquidity of
the company’s common stock. Any forward-looking statements contained
herein are based on current expectations, and are subject to a number of
risks and uncertainties. Factors that could cause actual future results
to differ materially from current expectations include, but are not
limited to, risks and uncertainties relating to the volatility of the
trading price of the company’s common stock; the company’s ability to
successfully open additional clinical sites for enrollment and to enroll
additional patients; the timing of the Institutional Review Board
process; the company’s ability to obtain FDA approval to modify its
pilot trial protocol or to conduct a future study; the company’s ability
to commercialize its products; the company’s ability to develop, market
and sell products based on its technology; the expected benefits and
efficacy of the company’s products and technology in connection with the
treatment of spinal cord injuries; the availability of substantial
additional funding for the company to continue its operations and to
conduct research and development, clinical studies and future product
commercialization; and other risks associated with the company’s
business, research, product development, regulatory approval, marketing
and distribution plans and strategies identified and described in more
detail in the company’s Annual Report on Form 10-K for the year ended
December 31, 2014, and its other filings with the SEC, including the
company’s Form 10-Qs and current reports on Form 8-K. The company does
not undertake to update these forward-looking statements.
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