Vincerx Pharma Announces Inclusion in Russell 3000® and Microcap® Indexes

Rhea-AI Summary

Vincerx Pharma (Nasdaq: VINC) has been included in the Russell 3000 and Microcap Indexes as of June 28, 2021. This addition marks a significant growth milestone for the company since its public launch. CEO Ahmed Hamdy stated that this inclusion enhances the company's visibility to investors and reflects their commitment to creating shareholder value. The Russell indexes encompass the largest U.S. stocks ranked by market capitalization, and membership can provide broader recognition among institutional investors. Approximately $10.6 trillion in assets utilize Russell's indexes for benchmarking.

Positive

• Inclusion in the Russell 3000 and Microcap Indexes enhances visibility among investors.
• Demonstrates growth since becoming a public company, which could attract more investment.

Negative

• None.

PALO ALTO, Calif., June 28, 2021 (GLOBE NEWSWIRE) -- Vincerx Pharma, Inc. (Nasdaq: VINC), a biopharmaceutical company aspiring to address the unmet medical needs of patients with cancer through paradigm-shifting therapeutics, announced that the Company has joined the broad-market Russell 3000 and Microcap^® Indexes as part of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens today, Monday, June 28, 2021.

“Vincerx is pleased to be included in the Russell 3000 and Microcap Indexes, a milestone that highlights our growth since becoming a public company late last year and will broaden our visibility within the investment community,” said Ahmed Hamdy M.D., Chief Executive Officer of Vincerx. “Our inclusion in these indexes demonstrates our continued commitment to creating value for our shareholders, and we look forward to continuing our mission of developing innovative targeted oncology therapeutics to transform treatment paradigms for hematological malignancies and solid tumors.”

Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, ranking them by total market capitalization. Membership in the U.S. 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 $10.6 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 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 global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 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 ETFs, structured products and index-based derivatives.

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 applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

About Vincerx Pharma, Inc.
Vincerx Pharma, Inc. (Vincerx) is a clinical-stage life sciences company focused on leveraging its extensive development and oncology expertise to advance new therapies intended to address unmet medical needs for the treatment of cancer. Vincerx has assembled a management team of biopharmaceutical experts with extensive experience in building and operating organizations that develop and deliver innovative medicines to patients. Vincerx’s current pipeline is derived from an exclusive license agreement with Bayer and includes a clinical-stage and follow-on small molecule drug program and a preclinical stage bioconjugation platform, which includes next-generation antibody-drug conjugates and innovative small molecule drug conjugates. For more information, please visit www.vincerx.com.

Cautionary Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, expectations and events, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate” or other comparable terms. All statements other than statements of historical facts included in this press release are forward-looking statements. Forward-looking statements include, but are not limited to: Vincerx’s business model, pipeline, strategy, timeline, product candidates and preclinical and clinical development and results. Forward-looking statements are neither historical facts nor assurances of future performance or events. Instead, they are based only on current beliefs, expectations and assumptions regarding future business developments, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control.

Actual results, conditions and events may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results, conditions and events to differ materially from those indicated in the forward-looking statements include, but are not limited to: general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of the COVID-19 pandemic; risks associated with preclinical or clinical development conducted prior to Vincerx’s in-licensing; failure to realize the anticipated benefits of the business combination with LifeSci Acquisition Corp.; failure to realize the benefits of Vincerx’s license agreement with Bayer; risks related to the rollout of Vincerx’s business and the timing of expected business milestones; changes in the assumptions underlying Vincerx’s expectations regarding its future business or business model; Vincerx’s ability to develop and commercialize product candidates; the availability and uses of capital; the effects of competition on Vincerx’s future business; and the risks and uncertainties set forth in Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC from time to time by Vincerx. Forward-looking statements speak only as of the date hereof, and Vincerx disclaims any obligation to update any forward-looking statements.

Contact Information
Bruce Mackle
LifeSci Advisors, LLC
646-889-1200
bmackle@lifesciadvisors.com

FAQ

What does the inclusion in the Russell 3000 mean for Vincerx (VINC)?

Being included in the Russell 3000 indicates that Vincerx has reached a significant market capitalization, which enhances its visibility to investors and may attract more institutional investment.

When did Vincerx join the Russell Indexes?

Vincerx joined the Russell 3000 and Microcap Indexes on June 28, 2021.

How does the Russell Index affect Vincerx's stock performance?

Membership in the Russell Index can positively influence Vincerx's stock performance by increasing its visibility and desirability among institutional investors, as Russell indexes are benchmarks for many investment managers.

What are the benefits of being in the Russell Microcap Index for Vincerx (VINC)?

Being in the Russell Microcap Index provides Vincerx with broader recognition and may lead to increased trading volume and a more diverse shareholder base.

What strategies does Vincerx Pharma have following its Russell Index inclusion?

Vincerx aims to continue developing innovative oncology therapies, leveraging its visibility to attract investment and support its growth strategy.