Tarsus Pharmaceuticals, Inc. Announces Inclusion in the Russell 3000® Index and Russell 2000® Index

Rhea-AI Summary

Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) has been added to the Russell 3000® and Russell 2000® Indexes as part of the quarterly IPO additions. This membership, effective for one year, positions TARS for potential inclusion in the large-cap Russell 1000® Index as well as appropriate style indexes. Russell indexes are utilized by investment managers and institutional investors for managing approximately $9 trillion in assets. Tarsus is a late-stage biopharmaceutical firm focused on groundbreaking treatments, particularly in eye care, and is advancing its lead candidate for Demodex blepharitis.

Positive

• Inclusion in the Russell 3000® Index enhances visibility and credibility among investors.
• Potential for increased investment from funds that track Russell indexes, given the estimated $9 trillion benchmarked against these indexes.
• Tarsus is advancing towards commercializing its lead product candidate, TP-03, aimed at a specific eye condition.

Negative

• None.

IRVINE, Calif., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS), a late clinical-stage biopharmaceutical company whose mission is to discover and deliver breakthrough treatments to transform the lives of patients with common and poorly treated diseases, starting with the eye, today announced that it has been added to the broad-market Russell 3000^® Index and the small-cap Russell 2000^® Index as part of the index’s quarterly initial public offering (IPO) additions.

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. 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 Indexes, please visit the “Russell Reconstitution” section on the FTSE Russell website at www.ftserussell.com.

About Tarsus Pharmaceuticals, Inc.
Tarsus Pharmaceuticals, Inc. is a late clinical-stage biopharmaceutical company whose mission is to discover and deliver breakthrough treatments to transform the lives of patients with common and poorly treated diseases, starting with the eye. It is advancing its pipeline to address several diseases across therapeutic categories including eye care, dermatology, and other diseases with high unmet needs. Its lead product candidate, TP-03, is a novel therapeutic in Phase 2b/3 that is being developed for the treatment of Demodex blepharitis.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” The words, without limitation, “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will” or “would” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these or similar identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, and are detailed from time to time in the reports Tarsus files with the Securities and Exchange Commission, copies of which are posted on its website and are available from Tarsus without charge. However, new risk factors and uncertainties may emerge from time to time, and it is not possible to predict all risk factors and uncertainties. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements contained in this press release are based on the current expectations of Tarsus’ management team and speak only as of the date hereof, and Tarsus specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor Contact:
Patti Bank
Westwicke Partners, an ICR company
(415) 513-1284
IR@tarsusrx.com

Media Contact:
Allison Howell
Pascale Communications, LLC
allison@pascalecommunications.com

FAQ

What does Tarsus Pharmaceuticals' inclusion in the Russell 3000® Index mean for investors?

Inclusion in the Russell 3000® Index enhances Tarsus' visibility and may attract more institutional investment.

How long will Tarsus Pharmaceuticals be part of the Russell 2000® Index?

Tarsus will remain part of the Russell 2000® Index for one year.

What is Tarsus Pharmaceuticals' lead product candidate?

Tarsus' lead product candidate is TP-03, which is in Phase 2b/3 development for treating Demodex blepharitis.

How much capital is benchmarked against Russell indexes?

Approximately $9 trillion in assets are benchmarked against Russell's US indexes.