Cidara Therapeutics, Inc. announced on June 30, 2025, its addition to the Russell 2000® and Russell 3000® Indexes. The Russell 3000 Index comprises the 3,000 largest U.S. companies by market capitalization, with the Russell 2000 Index measuring the performance of the small-cap segment.
Jeffrey Stein, Ph.D., president and chief executive officer of Cidara, stated that this inclusion is an important milestone for the company, reflecting its progress. This follows the recent positive data from the Phase 2b NAVIGATE trial and a successful $400 million financing.
Inclusion in these widely followed indexes is expected to enhance Cidara's visibility with the institutional investment community. This can lead to increased analyst coverage and potential investment from index funds, thereby improving market liquidity for the company's stock.
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