PLANO, Texas, June 28, 2016 (GLOBE NEWSWIRE) -- Nuvectra Corporation (NASDAQ:NVTR), a neurostimulation medical device company, announced today that it has been added to the Russell Microcap® Index. The addition occurred at the close of trading on June 24, 2016 when FTSE Russell reconstituted its comprehensive set of U.S. and global indexes.
Membership in the Russell Microcap® Index, which remains in place for one year, provides automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes by objective, market-capitalization rankings and style attributes.
“The addition to the Russell Microcap Index will help expand awareness of Nuvectra in the investment community and is another positive development since becoming a public company,” said Scott Drees, Chief Executive Officer. “Nuvectra is well positioned in the $1.7 billion Spinal Cord Stimulation (SCS) market with our highly differentiated and IP-protected neurostimulation platform. We are on track with our U.S. field sales force hiring and have received a very favorable early response to the Algovita SCS system, during our initial commercial activities.”
Indexes provided by FTSE Russell, a leading global index provider, are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $6 trillion in assets are benchmarked against the Russell US Indexes.
For more information on the Russell Microcap® Index and the Russell US Indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About FTSE Russell
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About Nuvectra Corporation
Nuvectra™ is a neurostimulation company committed to helping physicians improve the lives of people with chronic neurological conditions. The Algovita® Spinal Cord Stimulation (SCS) System is our first commercial offering and is CE marked and FDA approved for the treatment of chronic pain of the trunk and/or limbs. Our innovative technology platform also has capabilities under development to support other neurological indications such as sacral nerve stimulation (SNS), and deep brain stimulation (DBS). In addition, our NeuroNexus subsidiary designs, manufactures and markets leading-edge neural-interface technologies for the neuroscience clinical research market. Visit the Nuvectra website at www.nuvectramed.com.