aTyr Pharma is set to join the Russell 2000® and 3000® Indexes on June 27, 2025.
Quiver AI Summary
aTyr Pharma, Inc. announced that it is expected to be included in the Russell 2000® Index and the broader Russell 3000® Index, effective after the U.S. market close on June 27, 2025. This addition comes as part of the annual reconstitution of the Russell U.S. Indexes, which serve as benchmarks for investment managers and are determined by market capitalization and style attributes. aTyr is a clinical-stage biotechnology company focused on developing therapies from its proprietary tRNA synthetase platform, with its lead candidate, efzofitimod, currently in development for interstitial lung disease. The company emphasizes the forward-looking nature of its announcements regarding future expectations and development plans, acknowledging inherent uncertainties and risks involved.
Potential Positives
- aTyr Pharma is expected to be added to the prestigious Russell 2000® Index and Russell 3000® Index, which can enhance its visibility and credibility in the market.
- Inclusion in the Russell Indexes typically attracts investment from institutional managers and index funds, potentially increasing demand for aTyr's shares.
- Being part of these indices positions aTyr as one of the larger publicly traded companies in the U.S. market, which may facilitate additional growth opportunities.
Potential Negatives
- Inclusion in the Russell Indexes, while generally viewed as positive, can also indicate that the company is under scrutiny from institutional investors, who may be more demanding regarding performance and governance.
- The press release emphasizes forward-looking statements, highlighting the inherent uncertainty and risks associated with their plans and operations, which may raise concerns among investors regarding the company's ability to meet its development goals.
- The mention of potential delays or difficulties in clinical trials for efzofitimod suggests possible setbacks that could negatively impact the company's progress and investor confidence.
FAQ
What is the significance of aTyr Pharma being added to the Russell 2000 Index?
aTyr Pharma's inclusion in the Russell 2000 Index enhances its visibility to investors and may attract investment opportunities.
When will aTyr Pharma be added to the Russell Indexes?
aTyr Pharma is expected to be added to the Russell 2000 and 3000 Indexes after the U.S. market close on June 27, 2025.
What are the Russell 2000 and 3000 Indexes?
The Russell 2000 Index tracks small-cap companies, while the Russell 3000 Index follows the 3,000 largest publicly traded U.S. companies.
What does aTyr Pharma specialize in?
aTyr Pharma focuses on developing first-in-class medicines that target fibrotic and inflammatory diseases using its proprietary tRNA synthetase platform.
What is efzofitimod in relation to aTyr Pharma?
Efzofitimod is aTyr Pharma's lead therapeutic candidate, currently in clinical development for treating interstitial lung disease.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ATYR Insider Trading Activity
$ATYR insiders have traded $ATYR stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $ATYR stock by insiders over the last 6 months:
- JANE A GROSS purchased 3,750 shares for an estimated $15,000
- JILL MARIE BROADFOOT (Chief Financial Officer) sold 1,254 shares for an estimated $4,740
- NANCY DENYES (General Counsel) sold 899 shares for an estimated $3,398
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
SAN DIEGO, June 26, 2025 (GLOBE NEWSWIRE) -- aTyr Pharma, Inc. (Nasdaq: ATYR) (“aTyr” or the “Company”), a clinical stage biotechnology company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform, today announced that the Company is expected to be added to the Russell 2000 ® Index and broad market Russell 3000 ® Index, effective after the U.S. market close on June 27, 2025, as part of the 2025 Russell U.S. Indexes annual reconstitution.
The Russell 3000 ® Index tracks the performance of the largest 3,000 publicly traded U.S. companies and serves as a broad benchmark for the U.S. equity market. The Russell 2000 ® Index is a subset of the Russell 3000 ® Index that tracks small-cap companies in the U.S. equities market. Membership in the Russell Indexes lasts for one year and results in automatic inclusion in appropriate growth and value style indexes. FTSE Russell determines membership for its Russell Indexes primarily by objective, market-capitalization rankings and style attributes. The Russell Indexes are used by investment managers and institutional managers for index funds and as benchmarks for active investment strategies. Russell Indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell Indexes and the annual reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website .
About aTyr
aTyr is a clinical stage biotechnology company leveraging evolutionary intelligence to translate tRNA synthetase biology into new therapies for fibrosis and inflammation. tRNA synthetases are ancient, essential proteins that have evolved novel domains that regulate diverse pathways extracellularly in humans. aTyr’s discovery platform is focused on unlocking hidden therapeutic intervention points by uncovering signaling pathways driven by its proprietary library of domains derived from all 20 tRNA synthetases. aTyr’s lead therapeutic candidate is efzofitimod, a first-in-class biologic immunomodulator in clinical development for the treatment of interstitial lung disease, a group of immune-mediated disorders that can cause inflammation and progressive fibrosis, or scarring, of the lungs. For more information, please visit www.atyrpharma.com .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identified by the use of words such as "anticipate," “believes,” “designed,” “could,” “can,” “expects,” “intends,” “may,” “plans,” “potential,” “will,” and variations of such words or similar expressions. We intend these forward-looking statements to be covered by such safe harbor provisions for forward-looking statements and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements include, among others, statements regarding the Company’s expected inclusion in the Russell 2000 ® and 3000 ® Indexes; and certain development goals. These forward-looking statements also reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects, as reflected in or suggested by these forward-looking statements, are reasonable, we can give no assurance that the plans, intentions, expectations, strategies or prospects will be attained or achieved. All forward-looking statements are based on estimates and assumptions by our management that, although we believe to be reasonable, are inherently uncertain. Furthermore, actual results may differ materially from those described in these forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, uncertainty regarding geopolitical and macroeconomic events, risks associated with the discovery, development and regulation of efzofitimod, the risks associated with clinical trials generally, the risk that future findings may not reflect the findings from the interim analysis discussed above, the risk that we or our partners may cease or delay preclinical or clinical development activities for efzofitimod for a variety of reasons (including difficulties or delays in patient enrollment in planned clinical trials), the possibility that existing collaborations could be terminated early, and the risk that we may not be able to raise the additional funding required for our business and product development plans, as well as those risks set forth in our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and in our other SEC filings. Except as required by law, we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Ashlee Dunston
Sr. Director, Investor Relations and Public Affairs
[email protected]