Quince Therapeutics, Inc. was added to the Russell Microcap Growth Index, reflecting a reclassification of the company's market segment. Concurrently, the company was also added to the Russell 3000E Growth Index.
As a result of this reclassification, Quince Therapeutics was dropped from the Russell Microcap Value Index and the Russell 3000E Value Index. These changes are part of the annual reconstitution of the Russell family of indices.
Inclusion in growth-oriented indices can increase the company's visibility among institutional investors and potentially influence investment strategies that track these benchmarks. This shift indicates how the market categorizes Quince Therapeutics based on its growth characteristics.
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