Taysha Gene Therapies Set to Join Russell 2000® Index on December 21, 2020

Rhea-AI Summary

Taysha Gene Therapies (Nasdaq: TSHA) announced its inclusion in the Russell 2000® Index, effective December 21, 2020. This index measures the performance of small-cap U.S. equities and reflects approximately 10% of the total market capitalization of the Russell 3000® Index. With around $9 trillion in assets benchmarked against Russell indexes, this move is significant for Taysha as it enhances visibility among investors. The company focuses on developing AAV-based gene therapies for treating monogenic diseases of the central nervous system, aiming for rapid treatment translation from bench to bedside.

Positive

• Inclusion in the Russell 2000® Index increases visibility and credibility among investors.
• Potential access to a broader pool of institutional investors due to index inclusion.

Negative

• None.

Taysha Gene Therapies, Inc. (Nasdaq: TSHA), a patient-centric gene therapy company focused on developing and commercializing AAV-based gene therapies for the treatment of monogenic diseases of the central nervous system in both rare and large patient populations, today announced that it is set to join the Russell 2000® Index, effective Monday, December 21, 2020, as part of the index’s quarterly initial public offering (IPO) additions.

The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity market. The index is a subset of the Russell 3000® Index and represents approximately 10 percent of the total market capitalization of that index. 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. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 2000 Index and the Russell indexes IPO additions, please visit the “Russell U.S. Index IPO Additions” section on the FTSE Russell website.

About Taysha Gene Therapies

Taysha Gene Therapies (Nasdaq: TSHA) is on a mission to eradicate monogenic CNS disease. With a singular focus on developing curative medicines, we aim to rapidly translate our treatments from bench to bedside. We have combined our team’s proven experience in gene therapy drug development and commercialization with the world-class UT Southwestern Gene Therapy Program to build an extensive, AAV gene therapy pipeline focused on both rare and large-market indications. Together, we leverage our fully integrated platform—an engine for potential new cures—with a goal of dramatically improving patients’ lives. More information is available at www.tayshagtx.com.

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 www.ftserussell.com.

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FAQ

What does the inclusion of TSHA in the Russell 2000® Index mean?

The inclusion signifies increased visibility and greater investment opportunities for Taysha Gene Therapies among institutional investors.

When will Taysha Gene Therapies be added to the Russell 2000® Index?

Taysha Gene Therapies will be added to the Russell 2000® Index effective December 21, 2020.

What is the significance of the Russell 2000® Index for TSHA?

The Russell 2000® Index represents the performance of small-cap stocks, and TSHA's inclusion may lead to increased trading volume and interest from investors.

How does the Russell 2000® Index impact Taysha Gene Therapies' stock?

Inclusion in the index can lead to increased demand for TSHA shares from index funds and institutional investors, potentially impacting the stock price positively.