NEWTOWN, Pa., June 7, 2021 /PRNewswire/ -- Forian Inc. is
set to join the broad-market Russell
3000® Index at the conclusion of the
2021 Russell indexes annual reconstitution, effective after the US
market opens on June 28, 2021,
according to a preliminary list of additions posted June 4, 2021.
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of May 7, 2021, 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. FTSE Russell determines membership for its
Russell indexes primarily by objective, market-capitalization
rankings and style attributes.
"Forian's inclusion in the Russell 2000® marks
another exciting milestone as a publicly traded company. We are
committed to our vision of bringing disruptive and innovative
technology and analytic products to the healthcare and cannabis
marketplaces," said Dan Barton,
Chief Executive Officer of Forian.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.6 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.
Forian Inc. provides a unique suite of
SaaS solutions, data management capabilities and proprietary data
and analytics to optimize and measure operational, clinical and
financial performance for customers within the traditional and
emerging life sciences, healthcare payer and provider segments, as
well as cannabis dispensaries, manufacturers, cultivators and
regulators. For more information, please visit the Company's
website at www.forian.com.
About FTSE Russell
FTSE Russell is a global index
leader that provides innovative benchmarking, analytics and data
solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$17.9 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 ETFs, structured products and index-based
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 applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
FTSE Russell is wholly owned by London Stock Exchange Group. For
more information, visit www.ftserussell.com.
Cautionary Statements Regarding Forward-Looking
This release contains "forward-looking
statements" within the meaning of the federal securities laws,
including Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act of 1934, as amended. In this context,
forward-looking statements often address expected future business
and financial performance and financial condition, and often
contain words such as "expect," "anticipate," "intend," "plan,"
"believe," "seek," "see," "will," "would," "target," similar
expressions and variations or negatives of these words.
Forward-looking statements by their nature address matters that
involve risks and uncertainties, many of which are beyond the
control of Forian, and are not guarantees of future
results, such as our expected inclusion in the Russell
2000 and 3000 indexes and the effect of such inclusion. These
forward-looking statements are not guarantees of future results and
are subject to risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed in
any forward-looking statements. Accordingly, there are or will be
important factors that could cause actual results to differ
materially from those indicated in such statements and, therefore,
you should not place undue reliance on any such statements and
caution must be exercised in relying on forward-looking statements.
Factors that could cause actual results to differ include, but are
not limited to, those risks and uncertainties associated with: the
impact of the COVID-19 pandemic on Forian's business, operations,
strategy and goals; Forian's ability to execute on our strategy;
the timing of the introduction of new product offerings; and the
additional risks and uncertainties set forth more fully under the
caption "Risk Factors" in Forian's Annual Report on Form 10-K for
the year ended December 31, 2020, as filed with the SEC
on March 31, 2021, and elsewhere in Forian's filings and
reports with the SEC. Forward-looking statements contained in this
announcement are made as of the date hereof, and Forian undertakes
no duty to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required.
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SOURCE Forian Inc.