KYTHERA Biopharma (KYTH) to Join Several Russell Indices

December 26, 2012 4:11 PM EST
KYTHERA Biopharmaceuticals, Inc. (Nasdaq: KYTH) today announced that the company has been added to each of the broad-market Russell 3000 Index, the Russell 2000® Index, the Russell Microcap Index and the Russell Global Index as part of Russell's quarterly IPO additions effective as of the close of trading on December 21, 2012.

"We're extremely pleased to be included in these widely known Russell indexes,” said Keith Leonard, KYTHERA’s President and CEO. “We are committed to building long-term value for our stockholders and we value the significance and increased visibility within the investment community that can result from inclusion in these indexes.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them.

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