OncoSec Set to Join Russel Microcap® Index

Rhea-AI Summary

OncoSec Medical, a developer of cancer immunotherapies, will join the Russell Microcap Index effective June 29, 2020. This inclusion highlights the company's advancements, particularly in its KEYNOTE-695 study for metastatic melanoma. Daniel J. O'Connor, the CEO, emphasized that this membership will enhance visibility and potentially increase shareholder value during a pivotal year for OncoSec. Russell indexes are benchmarked globally, with around $9 trillion in assets tied to them, offering significant exposure to institutional investors.

Positive

• Inclusion in the Russell Microcap Index enhances visibility within the investment community.
• Membership indicates the company's progress in clinical programs, particularly KEYNOTE-695.

Negative

• None.

PENNINGTON, N.J. and SAN DIEGO, June 24, 2020 /PRNewswire/ -- OncoSec Medical Incorporated (the "Company" or "OncoSec") (Nasdaq: ONCS), a company developing late-stage intratumoral cancer immunotherapies, today announced the Company is set to join the Russell Microcap^® Index at the conclusion of the 2020 Russell indexes annual reconstitution, effective after the US market opens on June 29^th, according to a final list of additions posted June 15^th.

Membership in the Russell Microcap^® Index, which remains 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.

"Inclusion in the Russell Microcap Index underscores the progress we are making to increase shareholder value by driving our two KEYNOTE clinical programs forward, including our pivotal KEYNOTE-695 study in metastatic melanoma," said Daniel J. O'Connor, President and CEO at OncoSec.  "Inclusion in the Index significantly benefits our Company and shareholders by elevating our visibility within the global investment community during what is poised to be a breakout year for OncoSec. We look forward to completing enrollment in KEYNOTE-695 and expect to provide an interim data update at an upcoming medical meeting."

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 US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap^® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website -1%26h%3D3487923033%26u%3Dhttps%253A%252F%252Fwww.ftserussell.com%252Fresources%252Frussell-reconstitution%26a%3Dhere&a=here" rel="nofollow">here.

About FTSE Russell

FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies.  Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 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 investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.

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 index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit http://www.ftserussell.com.

About OncoSec Medical Incorporated
OncoSec Medical Incorporated is a late-stage biotechnology company focused on developing cytokine-based intratumoral immunotherapies to stimulate the body's immune system to target and attack cancer.  OncoSec's lead product candidate, TAVO™, enables the intratumoral delivery of DNA-based interleukin-12 or IL-12, a naturally occurring protein with immune-stimulating functions.  The technology, which employs electroporation, is designed to produce a controlled, localized expression of IL-12 in the tumor microenvironment, enabling the immune system to target and attack tumors throughout the body.  OncoSec has built a deep clinical pipeline utilizing TAVO as a potential treatment for multiple cancer indications either as a monotherapy or in combination with leading checkpoint inhibitors.  The company is currently evaluating TAVO in combination with the anti-PD-1 checkpoint inhibitor, KEYTRUDA® (pembrolizumab), in two KEYNOTE clinical trials, including a pivotal trial in patients with anti-PD-1 checkpoint resistant metastatic melanoma and a phase 2 trial in metastatic triple negative breast cancer.  OncoSec is also identifying and developing new DNA-encoded therapeutic candidates and tumor indications for use with its novel Visceral Lesion Applicator designed to target deep internal lesions, such as liver, lung or pancreatic lesions.  For more information, please visit www.oncosec.com.  

TAVO™ is a trademark of OncoSec Medical Incorporated.

Risk Factors and Forward-Looking Statements
This release, as well as other information provided from time to time by the Company or its employees, may contain forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Forward-looking statements provide the Company's current beliefs, expectations and intentions regarding future events and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "should," "will" and "would" and similar expressions (including the negative of these terms).  Although we believe that expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company intends these forward-looking statements to speak only at the time they are published on or as otherwise specified, and does not undertake to update or revise these statements as more information becomes available, except as required under federal securities laws and the rules and regulations of the Securities Exchange Commission ("SEC"). In particular, you should be aware that the success and timing of our clinical trials, including safety and efficacy of our product candidates, patient accrual, unexpected or expected safety events, the impact of COVID-19 on the supply of our candidates or the initiation or completion of clinical trials, the allowance by FDA of the clinical use of CORVax12 and our next-generation APOLLO generator in this or any future clinical trials, and the usability of data generated from our trials may differ and may not meet our estimated timelines. Please refer to the risk factors and other cautionary statements provided in the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2019 and subsequent periodic and current reports filed with the SEC (each of which can be found at the SEC's website -1%26h%3D1618824437%26u%3Dhttp%253A%252F%252Fwww.sec.gov%252F%26a%3Dwww.sec.gov&a=www.sec.gov" rel="nofollow">www.sec.gov), as well as other factors described from time to time in the Company's filings with the SEC.

Company Contact:
Gem Hopkins
Head of Corporate Communications
858-210-7334
ghopkins@oncosec.com

 

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SOURCE OncoSec Medical Incorporated

FAQ

When will OncoSec Medical join the Russell Microcap Index?

OncoSec Medical will join the Russell Microcap Index effective June 29, 2020.

What is the significance of OncoSec Medical joining the Russell Microcap Index?

Joining the Russell Microcap Index increases visibility among institutional investors and may enhance shareholder value.

What is the market impact of Russell indexes?

Approximately $9 trillion in assets are benchmarked to Russell's US indexes, influencing investment strategies.

What clinical study is OncoSec Medical focusing on?

OncoSec is advancing its pivotal KEYNOTE-695 study in metastatic melanoma.