Zevra Therapeutics to be Added to Russell 2000 and Russell 3000 Indexes Effective June 26, 2023

CELEBRATION, Fla., June 20, 2023 (GLOBE NEWSWIRE) -- Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) (Zevra, or the Company, formerly KemPharm, Inc.), a rare disease therapeutics company, announced its expected addition to the broad-market Russell 3000 Index and small-cap Russell 2000 Index in accordance with the 2023 Russell indexes annual reconstitution. Zevra anticipates that its inclusion in the Russell indexes will be effective after the U.S. market opens on Monday, June 26, 2023.

“In the past year, Zevra has achieved a number of significant milestones including: the acquisition of arimoclomol, a Phase 3 asset in development for treatment of Niemann-Pick disease type C; the strategic transition to a company focused on rare disease; and the advancement of KP1077 for the treatment of idiopathic hypersomnia and narcolepsy,” said Christal Mickle, President, interim Chief Executive Officer and Chief Development Officer of Zevra. “Our inclusion in these Russell 2000 and Russell 3000 indexes provides important third-party validation of our approach to delivering long-term shareholder value, with these indexes used as a key benchmark for a wide variety of investors and asset managers.”

Every year FTSE Russell conducts updates to its various indexes based on total market capitalization and style attributes. Membership in the U.S. all-cap Russell 3000 Index remains in place for one year and means automatic inclusion in the appropriate growth and value style indexes, which is the small-cap Russell 2000 Index for Zevra. The 2023 index showed noteworthy growth in the health care industry, with a majority of the companies moving from small-cap to large-cap coming from the health care space.

About FTSE Russell:

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FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20.1 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.