FibroBiologics To Join Russell 2000 Index; Effective July 1 Following Annual Reconstitution
Portfolio Pulse from Benzinga Newsdesk
FibroBiologics will join the Russell 2000 Index effective July 1 following the annual reconstitution. The company holds over 150 patents for fibroblast-based therapeutics and cures for chronic diseases.
June 13, 2024 | 1:31 pm
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FibroBiologics will be added to the Russell 2000 Index on July 1, which could increase its visibility and attract more investors. The company holds over 150 patents for fibroblast-based therapeutics.
Joining the Russell 2000 Index typically increases a company's visibility and can attract more institutional and retail investors. This inclusion is likely to have a positive short-term impact on FBLG's stock price.
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