Viracta Therapeutics Announces its Addition to the Russell 2000® Index and other FTSE Russell Indexes

Rhea-AI Summary

Viracta Therapeutics (Nasdaq: VIRX) has been added to the small-cap Russell 2000® Index, the Russell 3000® Index, and the Russell Microcap® Index, effective June 28, 2021. This addition follows the 2021 Russell indexes reconstitution, which ranks the 4,000 largest U.S. stocks by market capitalization as of May 7, 2021. Inclusion in the Russell indexes enhances the company's visibility to institutional investors and is significant given that approximately $10.6 trillion in assets benchmark against these indexes.

Positive

• Inclusion in the Russell 2000® and Russell 3000® indexes enhances visibility to institutional investors.
• Approximately $10.6 trillion in assets are benchmarked against Russell's indexes, potentially increasing stock demand.

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• None.

SAN DIEGO, June 28, 2021 /PRNewswire/ -- Viracta Therapeutics, Inc. (Nasdaq: VIRX), a precision oncology company targeting virus-associated malignancies, today announced that it has been added as a member of the small-cap Russell 2000^® Index, the all-cap Russell 3000^® Index, and the Russell Microcap^® Index, effective upon the U.S. market open today, June 28, 2021, as part of the 2021 Russell indexes reconstitution.

The 2021 annual reconstitution of the Russell indexes captured the 4,000 largest U.S. stocks as of May 7, 2021, 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 U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell 3000^® and Microcap^® Indexes and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Viracta Therapeutics, Inc.

Viracta is a precision oncology company targeting virus-associated malignancies. Viracta's proprietary investigational drug, nanatinostat, is currently being evaluated in combination with the antiviral agent valganciclovir as an oral combination therapy in two Phase 2 clinical trials for EBV-positive lymphoma. Viracta is also pursuing application of its inducible synthetic lethality approach in other EBV-associated malignancies, such as nasopharyngeal carcinoma, gastric carcinoma, and other virus-related cancers.

For additional information please visit www.viracta.com.

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.

Investor Relations Contact:	Company Contact:
Joyce Allaire	Dan Chevallard
LifeSci Advisors	Chief Operating Officer and Chief Financial Officer
jallaire@lifesciadvisors.com	dchevallard@viracta.com
(212) 915-2569	(858) 771-4193

 

 

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SOURCE Viracta Therapeutics, Inc.

FAQ

What indexes is Viracta Therapeutics included in as of June 28, 2021?

Viracta Therapeutics is included in the small-cap Russell 2000®, the all-cap Russell 3000®, and the Russell Microcap® Index.

How does inclusion in the Russell indexes impact Viracta (VIRX)?

Being part of the Russell indexes increases Viracta's visibility among institutional investors, which could enhance stock liquidity and demand.

What is the significance of the Russell indexes for Viracta investors?

The Russell indexes are significant as approximately $10.6 trillion in assets are benchmarked against them, which may lead to increased investor interest.