Orgenesis Added to Russell 3000® Index
June 29 2020 - 08:00AM
GlobeNewswire Inc.
Orgenesis Inc. (NASDAQ: ORGS) (“Orgenesis” or the
“Company”), a pioneering, global biotech company committed to
accelerating commercialization and transforming the delivery of
cell and gene therapies (CGTs), today announced that it has been
added to the Russell 3000® Index, following the annual Russell
indexes reconstitution, effective after the market open on June 29,
according to a final list of additions posted on June 26.
Annual Russell indexes reconstitution captures
the 4,000 largest US stocks, ranking them by total market
capitalization. Membership in the US 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.
Vered Caplan, CEO of Orgenesis, commented,
“We’re pleased to be included in the Russell 3000® Index. We
believe this inclusion will help improve the Company’s exposure
within the global investment community. The addition to the Russell
3000® Index reflects our commitment to building shareholder value
through growth of our global CGT Biotech Platform and building our
pipeline of POCare Therapeutics and Technologies, with an ultimate
goal of providing life-changing treatments at reduced costs within
the point-of-care setting.”
Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for active investment strategies. Approximately $9
trillion in assets are benchmarked against Russell’s US indexes.
Russell indexes are part of FTSE Russell, a leading global index
provider. For more information on the Russell 3000® Index and the
Russell indexes reconstitution, go to the “Russell Reconstitution”
section on the FTSE Russell website.
About Orgenesis
Orgenesis is a pioneering global biotech company
which is unlocking the full potential of personalized therapies and
closed processing systems through its Cell & Gene Therapy
Biotech Platform, with the ultimate aim of providing life changing
treatments at the Point of Care to large numbers of patients at low
cost. The Platform consists of: (a) POCare
Therapeutics, a pipeline of licensed cell and gene
therapies (CGTs), and proprietary scientific knowhow; (b)
POCare Technologies, a suite of proprietary and
in-licensed technologies which are engineered to create customized
processing systems for affordable point of care therapies; and (c)
POCare Network, a collaborative, international
ecosystem of leading research institutes and hospitals committed to
clinical development and supply of CGTs at the point of care. By
combining science, technologies and a collaborative network,
Orgenesis is able to identify the most promising new therapies and
provide a pathway for them to reach patients more quickly, more
efficiently and at scale, thereby unlocking the power of cell and
gene therapy for all. Additional information is available at:
www.orgenesis.com.
About FTSE Russell
FTSE Russell is a leading global index provider
creating and managing a wide range of indexes, data and analytic
solutions to meet client needs across asset classes, style and
strategies. Covering 98% of the investable market, FTSE Russell
indexes offer a true picture of global markets, combined with the
specialist knowledge gained from developing local benchmarks around
the world.
FTSE Russell index expertise and products are
used extensively by institutional and retail investors globally.
Approximately $16 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 investment
funds, ETFs, structured products and index-based derivatives. FTSE
Russell indexes also provide clients with tools for asset
allocation, investment strategy analysis and risk management.
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 index innovation and
customer partnership applying the highest industry standards and
embracing the IOSCO Principles. FTSE Russell is wholly owned by
London Stock Exchange Group.
For more information, visit
www.ftserussell.com.
Notice Regarding Forward-Looking
Statements
This press release contains forward-looking
statements which are made pursuant to the safe harbor provisions of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities and Exchange Act of 1934, as amended. These
forward-looking statements involve substantial uncertainties and
risks and are based upon our current expectations, estimates and
projections and reflect our beliefs and assumptions based upon
information available to us at the date of this release. We caution
readers that forward-looking statements are predictions based on
our current expectations about future events. These forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties and assumptions that are difficult to
predict. Our actual results, performance or achievements could
differ materially from those expressed or implied by the
forward-looking statements as a result of a number of factors,
including, but not limited to, the risk that the acquisition of
Tamir’s assets will not be successfully integrated with our
technologies or that the potential benefits of the acquisition will
not be realized, our ability to further develop ranpirnase
following the acquisition, our reliance on, and our ability to
grow, our point-of-care cell therapy platform, our ability to
effectively use the net proceeds from the sale of Masthercell, our
ability to achieve and maintain overall profitability, the
development of our POCare strategy, the sufficiency of working
capital to realize our business plans, the development of our
transdifferentiation technology as therapeutic treatment for
diabetes which could, if successful, be a cure for Type 1 Diabetes;
our technology not functioning as expected; our ability to retain
key employees; our ability to satisfy the rigorous regulatory
requirements for new procedures; our competitors developing better
or cheaper alternatives to our products and the risks and
uncertainties discussed under the heading "RISK FACTORS" in Item 1A
of our Annual Report on Form 10-K for the fiscal year ended
December 31, 2019, and in our other filings with the Securities and
Exchange Commission. We undertake no obligation to revise or update
any forward-looking statement for any reason.
Contact for Orgenesis:David WaldmanCrescendo
Communications, LLCTel: 212-671-1021ORGS@crescendo-ir.com
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