Celularity To Be Added To The Russell 3000® Index And The Small-Cap Russell 2000®

Rhea-AI Summary

Celularity Inc. (Nasdaq: CELU) announced its inclusion in the Russell 3000 and Russell 2000 Indexes, effective June 27, 2022. This milestone follows Celularity's public debut last year and aims to enhance awareness of its placental-derived cell therapies. The Russell Indexes are widely used benchmarks for investment managers, encompassing approximately $12 trillion in assets. Membership signifies a broader market presence for Celularity, which develops innovative therapies targeting cancer and other diseases utilizing unique placental biology.

Positive

• Inclusion in the Russell 3000 and Russell 2000 Indexes expected to broaden market awareness for Celularity.
• Highlights significant milestone following the company's public offering.
• Alignment with over $12 trillion in assets benchmarked against Russell Indexes, enhancing investor visibility.

Negative

• None.

FLORHAM PARK, N.J., June 08, 2022 (GLOBE NEWSWIRE) -- Celularity Inc. (Nasdaq: CELU) (“Celularity”), a clinical-stage biotechnology company developing placental-derived off-the-shelf allogeneic cell therapies, today announced it is set to join the broad-market Russell 3000 and the Russell 2000 Indexes at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 27, 2022 according to a preliminary list of additions posted June 3, 2022.

“We are excited to be included in the Russell indexes, which represents the achievement of another key milestone for Celularity after becoming a public company last year,” commented Robert J. Hariri, M.D., Ph.D., founder, Chairperson and Chief Executive Officer of Celularity. “As we continue to advance clinical development of our pipeline, we believe our addition to the Russell indexes will broaden awareness of the biological advantages of placental-derived cell therapies, including both greater proliferative performance and natural immune tolerance. We remain committed to leading the next evolution of cellular therapies for the treatment of cancer, immunological and degenerative diseases using our highly proprietary placental-derived cell therapy platform.”

Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 6th, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000^® Index, which remains in place for one year, also means automatic inclusion in the small-cap Russell 2000 Index as well as 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 $12 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000^® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About Celularity 

Celularity, Inc. (Nasdaq: CELU) headquartered in Florham Park, N.J., is a clinical stage biotechnology company leading the next evolution in cellular medicine by developing allogeneic cryopreserved off-the-shelf placental-derived cell therapies, including therapeutic programs using unmodified natural killer (NK) cells, genetically-modified NK cells, T cells engineered with a CAR (CAR T-cells), and mesenchymal-like adherent stromal cells (ASCs) targeting indications in cancer, infectious and degenerative diseases. In addition, Celularity develops and manufactures innovative biomaterials also derived from the postpartum placenta. Celularity believes that by harnessing the placenta’s unique biology and ready availability, it can develop therapeutic solutions that address significant unmet global needs for effective, accessible, and affordable therapies.

To learn more, visit celularity.com

Celularity Media/Investor Contact:

Carlos Ramirez, SVP Investor Relations
Celularity
carlos.ramirez@celularity.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 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen 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 and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships 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.

FAQ

What is the significance of Celularity joining the Russell 3000 Index?

Celularity's inclusion in the Russell 3000 Index, effective June 27, 2022, enhances its visibility and credibility with investors, potentially attracting more institutional investment.

When will Celularity's membership in the Russell 2000 Index take effect?

Celularity will officially join the Russell 2000 Index on June 27, 2022, coinciding with the annual reconstitution of the Russell Indexes.

How does Russell Index membership impact Celularity's market presence?

Membership in the Russell Indexes increases Celularity's market presence and can lead to greater awareness of its placental-derived cell therapies among investors.

What are the benefits of being included in the Russell Indexes for a company like Celularity?

Being included in the Russell Indexes allows Celularity to benefit from increased visibility, improved investor interest, and potential access to a broader pool of institutional investors.

What is the total market capitalization ranking for Russell Indexes?

The Russell Indexes rank the largest U.S. stocks by total market capitalization, capturing the top 4,000 as of May 6th each year.