Sierra Natl BK Tehachapi Calif (MM) (NASDAQ:SIRT)
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Sirtris Pharmaceuticals, Inc. (NASDAQ: SIRT), a biopharmaceutical
company focused on discovering and developing small molecule drugs to
treat diseases of aging such as Type 2 Diabetes, announced today that it
was added to the Russell 3000(R) Index as well as the Russell
Microcap(R) Index when Russell Investment Group reconstituted its family
of U.S. indexes on June 22, 2007.
“Being included among the leading growth
companies in the U.S. in the Russell Indexes is an honor. We believe
that this achievement is a reflection of the scientific progress we have
made in developing new therapies to treat diseases of aging," said
Christoph Westphal, M.D., Ph.D., Chief Executive Officer of Sirtris
Pharmaceuticals, Inc.
Membership in the Russell 3000(R), which remains in place for one year,
means Sirtris will automatically be included in the Russell Microcap
(R), as well as appropriate growth and value style indexes. Russell
determines membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.
According to Russell, Russell indexes are widely used by investment
managers and institutional investors for index funds and as benchmarks
for both passive and active investment strategies. $4 trillion in assets
currently are benchmarked to Russell indexes, and investment managers
who oversee these funds purchase shares of member stocks according to
that company's weighting in the particular index.
About Sirtris Pharmaceuticals
Sirtris Pharmaceuticals is a biopharmaceutical company focused on
discovering and developing proprietary, orally available, small molecule
drugs with the potential to treat diseases associated with aging,
including metabolic diseases such as Type 2 Diabetes. Our drug
candidates are designed to mimic certain beneficial health effects of
calorie restriction, without requiring a change in eating habits, by
activation of sirtuins, a recently discovered class of enzymes that
control the aging process. The company's headquarters are in Cambridge,
Massachusetts.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
concerning Sirtris Pharmaceuticals, its product candidates, and those
candidates' clinical potential. These forward-looking statements about
future expectations, plans and prospects of Sirtris Pharmaceuticals
involve significant risks, uncertainties and assumptions, including
risks related to the lack of results that would provide a basis for
predicting whether any of the Company’s
product candidates will be safe or effective, or receive regulatory
approval, the Company's potential inability to initiate and complete
preclinical studies and clinical trials for its product candidates, the
fact that none of the Company's product candidates has received
regulatory approvals, the potential inability of the Company to gain
market acceptance of the Company's product candidates, and those other
risks factors that can be found in the Company's filings with the
Securities and Exchange Commission. Actual results may differ materially
from those Sirtris Pharmaceuticals contemplated by these forward-looking
statements. Sirtris Pharmaceuticals does not undertake to update any of
these forward-looking statements to reflect a change in its views or
events or circumstances that occur after the date of this release.