Entrada Therapeutics to be Added to Russell 2000® and Russell 3000® Indexes

Rhea-AI Summary

Entrada Therapeutics (Nasdaq: TRDA) announced its addition to the Russell 2000® and Russell 3000® Indexes, effective December 20, 2021. This inclusion follows the company's successful IPO in November 2021 and aims to enhance market awareness for its Endosomal Escape Vehicle (EEV™) therapeutics. The Russell indexes are benchmarks for investment strategies, with about $10.7 trillion in assets linked to them. This milestone is expected to broaden Entrada's visibility in the investment community, as it advances its EEV therapeutic candidates targeting previously inaccessible intracellular targets.

Positive

• Inclusion in Russell 2000® and Russell 3000® Indexes enhances market visibility.
• Successful IPO in November 2021 indicates strong investor interest.
• Potential to engage previously inaccessible intracellular targets with EEV™ therapeutics.

Negative

• None.

BOSTON, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Entrada Therapeutics, Inc. (Nasdaq: TRDA), a biopharmaceutical company aiming to transform the lives of patients by establishing intracellular Endosomal Escape Vehicle (EEV™) therapeutics as a new class of medicines, today announced that the Company will be added to the Russell 2000^® and Russell 3000^® Indexes as part of the planned fourth quarter IPO additions, effective after the U.S. market opens on December 20, 2021.

“The inclusion of Entrada Therapeutics in the Russell 2000® and Russell 3000® Indexes marks another notable milestone following the close of our successful IPO in November,” said Dipal Doshi, President and Chief Executive Officer of Entrada Therapeutics. “As we continue to advance our pipeline of EEV therapeutic candidates, we anticipate the inclusion will bring greater market awareness to our EEV platform and its potential to engage intracellular targets that have long been considered inaccessible and undruggable. We are very pleased to be part of the Russell indexes and look forward to broadening our visibility within the investment community.”

The Russell 2000^® Index measures the performance of the small-cap segment of the US 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 $10.7 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 FTSE Russell website at https://www.ftserussell.com.

About Entrada Therapeutics
Entrada Therapeutics is a biopharmaceutical company aiming to transform the lives of patients by establishing a new class of medicines, Endosomal Escape Vehicles (EEV™) therapeutics, to engage intracellular targets that have long been considered inaccessible and undruggable. The Company’s EEV therapeutics are designed to enable the efficient intracellular delivery of a wide range of therapeutics into a variety of organs and tissues with an improved therapeutic index. Through its proprietary, highly versatile and modular EEV Platform, Entrada is building a robust development portfolio of oligonucleotide-, antibody- and enzyme-based programs for the potential treatment of neuromuscular diseases, immunology, oncology and diseases of the central nervous system. The Company’s lead oligonucleotide programs include ENTR-601-44 targeting Duchenne muscular dystrophy (DMD), and a follow-on program targeting myotonic dystrophy type 1 (DM1).

For more information about Entrada, please visit our website, www.entradatx.com, and follow us on Twitter and LinkedIn.

Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, contained in this press release, including statements regarding Entrada’s strategy, future operations, prospects and plans, objectives of management, the potential of the EEV platform and the establishment of EEV therapeutics as a new class of medicines constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “predict,” “project,” “potential,” “should,” or “would,” or the negative of these terms, or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Entrada may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various important factors, including but not limited to those identified and discussed in the section titled “Risk Factors” set forth in Part II, Item 1A of Entrada’s most recent Quarterly Report on Form 10-Q, our other filings with the Securities and Exchange Commission (SEC), and in subsequent filings Entrada may make with the SEC. In addition, the forward-looking statements included in this press release represent Entrada’s views as of the date of this press release. Entrada anticipates that subsequent events and developments will cause its views to change. However, while Entrada may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Entrada’s views as of any date subsequent to the date of this press release.

Entrada/Investor Contact
Karla MacDonald
VP, Corporate Communications and Investor Relations
kmacdonald@entradatx.com

Media Contact
Aulani Capuchin
Real Chemistry
acapuchin@realchemistry.com
(559) 355-2673

FAQ

When will Entrada Therapeutics be added to the Russell Indexes?

Entrada Therapeutics will be added to the Russell 2000® and Russell 3000® Indexes on December 20, 2021.

What is the significance of Entrada Therapeutics' inclusion in Russell Indexes?

The inclusion is expected to improve market awareness and visibility for Entrada's EEV™ platform and therapeutic candidates.

How does the Russell 2000® Index work?

The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity market, representing about 10% of the Russell 3000® Index.

What are Endosomal Escape Vehicles (EEV™) therapeutics?

EEV™ therapeutics are designed to efficiently deliver a range of drugs to intracellular targets that were previously considered inaccessible.

What was the outcome of Entrada Therapeutics' IPO?

Entrada Therapeutics had a successful IPO in November 2021, which allowed it to meet the requirements for inclusion in the Russell Indexes.