Savara to Join Russell Microcap Index

Savara Inc. said early Tuesday it will join the Russell Microcap Index at the conclusion of the Russell indexes annual reconstitution, effective at U.S. market open on June 26.

Membership in the Russell Microcap Index, which remains in place for one year, provides automatic inclusion in the appropriate growth and value style indexes, the company said in a press release. “Savara’s inclusion in the Russell Microcap Index is a notable milestone for us, and we believe it reflects the progress we have made in building a leading orphan lung disease company,” said CEO Rob Neville. “The Russell indexes are widely followed in the investment community and we believe our inclusion in the Russell Microcap Index will contribute to expanding awareness of Savara among institutional investors and contribute to an increase in the trading volume in our shares.”