ArQule Added to the Russell 2000® Index

From Startup ARQULE

Link to Full Article: http://investors.arqule.com/news-releases/news-release-details/arqule-added-russell-2000r-index

BURLINGTON, Mass.–(BUSINESS WIRE)–Jun. 25, 2018–
ArQule, Inc. (Nasdaq: ARQL) today announced that it has been added to
the Russell 2000®Index, a subset of the
Russell 3000® Index, effective as of market closing on June
22, 2018, at the conclusion of the annual Russell US Index
reconstitution.

“Being included in the Russell Index listings both increases visibility
among the investment community and reflects the value ArQule creates for
its shareholders,” said Paolo Pucci, Chief Executive Officer of ArQule.
“We are pleased to be included in the Indexes as we rapidly advance our
pipeline of precision therapeutics for oncology and rare diseases.”

The Russell 3000® Index measures the performance of the
largest 3,000 U.S. companies, which represents approximately 98% of the
investable U.S. equity market. The Russell 2000® Index
measures the performance of the small-cap segment of the U.S. equity
market. Russell Investments reconstitutes its indexes annually,
determining membership for its equity indexes primarily by objective,
rules-based market-capitalization rankings and style attributes. A list
of companies included in these and other Russell Indexes can be found at www.ftse.com/analytics/factsheets.

About the Russell IndexesRussell US Indexes are the leading
US equity benchmarks for institutional investors. This broad range of US
indexes allow investors to track current and historical market
performance by specific size, investment style and other market
characteristics. All Russell US Indexes are subsets of the Russell 3000®
Index, which includes the well-known large cap Russell 1000®
Index and small cap Russell 2000® Index. The Russell US
Indexes are designed as the building blocks of a broad range of
financial products, such as index tracking funds, derivatives and
Exchange Traded Funds (ETFs), as well as being performance benchmarks.
The reconstitution process, which occurs annually, is designed to
capture and reflect market shifts that have occurred in the past year to
ensure investors continue to have the most accurate US equity market
benchmarks. For more information, please visit: http://www.ftserussell.com/index-series/index-spotlights/us-equity-indexes.

About ArQule
ArQule is a biopharmaceutical company engaged in the research and
development of targeted therapeutics to treat cancers and rare diseases.
ArQule’s mission is to discover, develop and commercialize novel small
molecule drugs in areas of high unmet need that will dramatically extend
and improve the lives of our patients. Our clinical-stage pipeline
consists of five drug candidates, all of which are in targeted,
biomarker-defined patient populations, making ArQule a leader among
companies our size in precision medicine. ArQule’s pipeline includes:
ARQ 531, an orally bioavailable, potent and reversible inhibitor of both
wild type and C481S-mutant BTK, in Phase 1 for patients with B-cell
malignancies refractory to other therapeutic options; Miransertib (ARQ
092), a selective inhibitor of the AKT serine/threonine kinase, in a
phase 1/2 company-sponsored study for Overgrowth Diseases, in a Phase 1
study for ultra-rare Proteus syndrome conducted by the National
Institutes of Health (NIH), and in Phase 1b in combination with the
hormonal therapy, anastrozole, in patients with advanced endometrial
cancer; ARQ 751 a next generation AKT inhibitor, in Phase 1 for patients
with AKT1 and PI3K mutations; Derazantinib, a multi-kinase inhibitor
designed to preferentially inhibit the fibroblast growth factor receptor
(FGFR) family, in a registrational trial for iCCA; and ARQ 761, a
β-lapachone analog being evaluated as a promoter of NQO1-mediated
programmed cancer cell necrosis, in Phase 1/2 in multiple oncology
indications in partnership with the University of Texas Southwestern
Medical Center. ArQule’s current discovery efforts are focused on the
identification and development of novel kinase inhibitors, leveraging
the Company’s proprietary library of compounds. You can follow us on Twitter
and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180625005090/en/
Source: ArQule, Inc.
Corporate Contact:ArQule, Inc.Marc Schegerin, M.D.,
781-994-0440Senior Vice President, Strategy, Communication, and
Financemarc@arqule.comorMedia
Contact:LifeSci Public RelationsAllison Blum, Ph.D.,
646-627-8383Allison@lifescipublicrelations.comwww.ArQule.com

Please visit their site for more information: ARQULE.com
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2018-06-27 05:08:11