Regulatory News:
“We are pleased that EpiCept stock can benefit from the wider exposure offered by its preliminary addition to the index”
EpiCept Corporation (Nasdaq and OMX Nordic Exchange: EPCT) announced today that the Company's common stock has been included on a list of preliminary additions to the Russell Microcap® Index posted by Russell Investments on June 11, 2010 on www.russell.com. These changes are expected to go into effect after the close of trading on Friday, June 25, 2010.
"Inclusion in this index would represent an important step in EpiCept's evolution, as the equity markets recognize and reflect our growth into a commercial enterprise," said Jack Talley, EpiCept's president and chief executive officer. "We are pleased that EpiCept stock can benefit from the wider exposure offered by its preliminary addition to the index," he added.
The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market and is comprised of the smallest 1,000 companies in the Russell 3000® Index, plus the next smallest 1,000 companies. The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for passive and active investment strategies. The indexes are reconstituted annually.