Cyclo Therapeutics Announces Inclusion in the Russell 2000® Index

Rhea-AI Summary

Cyclo Therapeutics (Nasdaq: CYTH) has been added to the Russell 2000 Index, effective June 25, 2021. This inclusion is significant as the Russell 2000 is a key performance benchmark for small-cap stocks, representing about 10% of the total market capitalization of the Russell 3000 Index. The CEO, N. Scott Fine, emphasized that this milestone enhances market access and visibility while the company progresses through clinical studies for Niemann-Pick Disease Type C and Alzheimer's Disease. The Russell Indexes are widely utilized by investment managers and institutional investors.

Positive

• Inclusion in the Russell 2000 Index may enhance market visibility and access.
• Potential for increased institutional investment due to index inclusion.

Negative

• None.

Cyclo Therapeutics, Inc. (Nasdaq: CYTH) (“Cyclo Therapeutics” or the “Company”), a clinical stage biotechnology company dedicated to developing life-changing medicines through science and innovation for patients and families suffering from diseases, today announced that as part of the annual reconstitution of the Russell stock indexes, Cyclo Therapeutics has been selected to be added to the Russell 2000^® Index effective June 25, 2021, after the close of the U.S. equity markets.

“Inclusion in the Russell 2000^® Index, which is widely used as a performance benchmark, brings added value, market access and an opportunity to raise awareness more broadly as we work to execute our pivotal Phase 3 study in Niemann-Pick Disease Type C and advance towards a Phase 2 study with our Alzheimer’s Disease asset. Our team is committed to continue driving development across our clinical programs and building shareholder value in the near- and long-term,” commented N. Scott Fine, Chief Executive Officer of Cyclo Therapeutics.

The Russell 2000^® Index measures the performance of the small-cap segment of the U.S. equity market. The Russell 2000^® Index is a subset of the Russell 3000^® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

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 which are part of FTSE Russell, a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide.

For more information on the Russell Indexes, please visit the FTS Russell website at www.ftserussell.com.

About Cyclo Therapeutics

Cyclo Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to developing life-changing medicines through science and innovation for patients and families suffering from disease. The Company’s Trappsol^® Cyclo™, an orphan drug designated product in the United States and Europe, is the subject of three ongoing formal clinical trials for Niemann-Pick Disease Type C, a rare and fatal genetic disease, (www.ClinicalTrials.gov NCT02939547, NCT02912793, NCT03893071 and NCT04860960). The Company is planning an early phase clinical trial using Trappsol^® Cyclo™ intravenously in Alzheimer’s Disease based on encouraging data from an Expanded Access program for late-onset Alzheimer’s Disease (NCT03624842). Additional indications for the active ingredient in Trappsol^® Cyclo™ are in development. For additional information, visit the Company’s website: www.cyclotherapeutics.com.

Safe Harbor Statement

This press release contains “forward-looking statements” about the company’s current expectations about future results, performance, prospects and opportunities, including, without limitation, statements regarding the satisfaction of closing conditions relating to the offering and the anticipated use of proceeds from the offering. Statements that are not historical facts, such as “anticipates,” “believes” and “expects” or similar expressions, are forward-looking statements. These statements are subject to a number of risks, uncertainties and other factors that could cause actual results in future periods to differ materially from what is expressed in, or implied by, these statements. The factors which may influence the company’s future performance include the company’s ability to obtain additional capital to expand operations as planned, success in achieving regulatory approval for clinical protocols, enrollment of adequate numbers of patients in clinical trials, unforeseen difficulties in showing efficacy of the company’s biopharmaceutical products, success in attracting additional customers and profitable contracts, and regulatory risks associated with producing pharmaceutical grade and food products. These and other risk factors are described from time to time in the company’s filings with the Securities and Exchange Commission, including, but not limited to, the company’s reports on Forms 10-K and 10-Q. Unless required by law, the company assumes no obligation to update or revise any forward-looking statements as a result of new information or future events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005081/en/

FAQ

When did Cyclo Therapeutics get added to the Russell 2000 Index?

Cyclo Therapeutics was added to the Russell 2000 Index effective June 25, 2021.

What is the significance of being included in the Russell 2000 Index for Cyclo Therapeutics?

Inclusion in the Russell 2000 Index can enhance market visibility, access to potential investors, and serve as a performance benchmark.

What is the market capitalization of the Russell 2000 Index?

The Russell 2000 Index represents approximately 10% of the total market capitalization of the Russell 3000 Index.

What is Cyclo Therapeutics' focus as a biotechnology company?

Cyclo Therapeutics is focused on developing medicines for diseases such as Niemann-Pick Disease Type C and Alzheimer’s Disease.

How does the Russell 2000 Index influence investment strategies?

The Russell 2000 Index is used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.