G1 Therapeutics Added to the Russell 2000® and 3000® Indexes

Rhea-AI Summary

G1 Therapeutics (Nasdaq: GTHX) has been added to the Russell 2000 and 3000 Indexes following the 2024 Russell US Indexes annual reconstitution. Effective July 1, 2024, this inclusion reflects the company's market capitalization as of April 30, 2024. Membership in the Russell 3000 Index ensures G1 Therapeutics' automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index and relevant style indexes. The Russell indexes, managed by FTSE Russell, serve as benchmarks for approximately $10.5 trillion in assets. For further details, visit the FTSE Russell website's 'Russell Reconstitution' section.

Positive

• G1 Therapeutics (GTHX) has been included in the Russell 2000 and 3000 Indexes, signaling stronger market recognition and potential for increased investor interest.
• Inclusion in the Russell indexes may attract institutional investors who use these benchmarks for index funds and active investment strategies.
• The Russell indexes encompass the 4,000 largest US stocks, indicating G1 Therapeutics' solid market capitalization.

Negative

• None.

RESEARCH TRIANGLE PARK, N.C., July 01, 2024 (GLOBE NEWSWIRE) -- G1 Therapeutics, Inc. (Nasdaq: GTHX), a commercial-stage oncology company, today announced that the Company has been added to the broad-market Russell 3000® and small-cap Russell 2000® Indexes as of the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets today, Monday, July 1, 2024.

The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or 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. According to the data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent 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 FTSE Russell
FTSE Russell is a leading global provider of benchmarking, analytics, and data solutions for investors, giving them a precise view of the market relevant to their investment process. A comprehensive range of reliable and accurate indexes provides investors worldwide with the tools they require to measure and benchmark markets across asset classes, styles, or strategies.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. 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.

FTSE Russell is focused on applying the highest industry standards in index design and governance, employing transparent rules-based methodology informed by independent committees of leading market participants. FTSE Russell fully embraces the IOSCO Principles, and its Statement of Compliance has received independent assurance. Index innovation is driven by client needs and customer partnerships, allowing FTSE Russell to continually enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit https://www.lseg.com/en/ftse-russell

About G1 Therapeutics
G1 Therapeutics, Inc. is a commercial-stage oncology biopharmaceutical company whose mission is to develop and deliver next-generation therapies that improve the lives of those affected by cancer, including the Company’s first commercial product, COSELA® (trilaciclib). G1’s goal is to provide innovative therapeutic advances for people living with cancer. G1 is based in Research Triangle Park, N.C. For additional information, please visit http://www.g1therapeutics.com and follow us on X (formerly known as Twitter) @G1Therapeutics and LinkedIn.

G1 Therapeutics® and the G1 Therapeutics logo and COSELA® and the COSELA logo are trademarks of G1 Therapeutics, Inc.

Contact:

Will Roberts
Communications Officer
Vice President, Investor Relations and Corporate Communications
(919) 907-1944
wroberts@g1therapeutics.com

FAQ

What recent development involves G1 Therapeutics and the Russell 2000 and 3000 indexes?

G1 Therapeutics (GTHX) has been added to the Russell 2000 and 3000 Indexes as of July 1, 2024, following the annual reconstitution.

When did G1 Therapeutics (GTHX) get included in the Russell 2000 and 3000 indexes?

G1 Therapeutics was included in the Russell 2000 and 3000 indexes on July 1, 2024.

Why is G1 Therapeutics' (GTHX) inclusion in the Russell indexes significant?

Inclusion in the Russell indexes can increase market visibility, attract institutional investors, and is a recognition of the company's market capitalization.

What is the impact of G1 Therapeutics (GTHX) being part of the Russell 3000 Index?

Being part of the Russell 3000 Index means automatic inclusion in either the large-cap Russell 1000 or small-cap Russell 2000 Index, enhancing investor interest.

How are stocks selected for the Russell 2000 and 3000 indexes?

Stocks are selected based on market capitalization rankings as of April 30th each year during the Russell US Indexes annual reconstitution.