{"id":765834,"date":"2023-06-26T06:03:30","date_gmt":"2023-06-26T10:03:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/reviva-pharmaceuticals-to-be-added-to-russell-microcap-index\/"},"modified":"2023-06-26T06:03:30","modified_gmt":"2023-06-26T10:03:30","slug":"reviva-pharmaceuticals-to-be-added-to-russell-microcap-index","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/reviva-pharmaceuticals-to-be-added-to-russell-microcap-index\/","title":{"rendered":"Reviva Pharmaceuticals to be Added to Russell Microcap\u00ae Index"},"content":{"rendered":"
\n

CUPERTINO, Calif., June 26, 2023 (GLOBE NEWSWIRE) — Reviva Pharmaceuticals Holdings, Inc. (NASDAQ: RVPH) (\u201cReviva\u201d or the \u201cCompany\u201d), a clinical-stage pharmaceutical company developing therapies that seek to address unmet medical needs in the areas of central nervous system (CNS), cardiovascular, metabolic, and inflammatory diseases, today announced that the Company will be added to the Russell Microcap\u00ae Index, effective after the United States market opens on Monday, June 26, 2023, following the conclusion of the 2023 Russell indexes annual reconstitution.<\/p>\n

Membership in the Russell Microcap\u00ae Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.<\/p>\n

\u201cReviva is pleased to announce inclusion in the Russell Microcap\u00ae Index as it reflects our growth as a company and continued progress advancing our lead clinical candidate brilaroxazine, a novel serotonin-dopamine stabilizer,\u201d said Laxminarayan Bhat, Ph.D., Founder, President, and CEO. \u201cAs we approach announcement of topline data from our pivotal Phase 3 REVEAL study in schizophrenia in the third quarter of 2023, inclusion in this index will elevate our visibility and expand awareness of our story within the global investment community, benefiting both our Company and our shareholders.\u201d<\/p>\n

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell\u2019s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.<\/p>\n

For more information on the Russell Microcap\u00ae Index please visit the FTSE Russell website<\/a>.<\/p>\n

\n About Brilaroxazine<\/strong>
\n
Brilaroxazine is an in-house discovered new chemical entity with potent affinity and selectivity against key serotonin and dopamine receptors implicated in schizophrenia and its comorbid symptoms. In a multinational, multicenter, double-blind Phase 2 study in 234 patients with acute schizophrenia or schizoaffective disorder, brilaroxazine\u00a0met its primary endpoint, reducing Positive and Negative Syndrome Scale (PANSS) total score and demonstrating statistically significant improvement of overall drug treatment outcomes using Clinical Global Impression (CGI) scale and for secondary endpoints evaluating social functioning, and positive and negative symptoms, and directional improvements for depression and cognition. In this completed Phase 2 study, brilaroxazine met all safety endpoints with no weight gain, no increase in blood sugar and lipids, and no cardiac or endocrine adverse effects compared to placebo. Positive data from a clinical drug-drug interaction (DDI) study investigating the potential effect of CYP3A4 enzyme on brilaroxazine in healthy subjects supports no clinically significant interaction when combined with a CYP3A4 inhibitor. A full battery of regulatory compliant toxicology and safety pharmacology studies has been completed for brilaroxazine. The U.S. Food and Drug Administration (FDA) has agreed to consider a potential superior safety label claim if there is a positive outcome on a relevant endpoint in a pivotal Phase 3 study in patients with schizophrenia. Reviva intends to develop brilaroxazine\u00a0for other neuropsychiatric indications including bipolar disorder, major depressive disorder (MDD) and attention-deficit\/hyperactivity disorder (ADHD).<\/p>\n

Additionally, brilaroxazine\u00a0has shown promising efficacy for inflammatory diseases psoriasis, pulmonary arterial hypertension (PAH) and idiopathic pulmonary fibrosis (IPF) with mitigation of fibrosis and inflammation in translational animal models. Brilaroxazine\u00a0has already received Orphan Drug Designation by the U.S. FDA for the treatment of PAH and IPF conditions.<\/p>\n

To learn more about the clinical and preclinical data available for brilaroxazine, please visit\u00a0revivapharma.com\/publications<\/a>.<\/p>\n

About Reviva <\/strong><\/p>\n

Reviva\u00a0is a clinical-stage biopharmaceutical company that discovers, develops, and seeks to commercialize next-generation therapeutics for diseases representing unmet medical needs and burdens to society, patients, and their families. Reviva\u2019s current pipeline focuses on the central nervous system, respiratory and metabolic diseases. Reviva\u2019s pipeline currently includes two drug candidates,\u00a0RP5063\u00a0(brilaroxazine) and\u00a0RP1208. Both are new chemical entities discovered in-house.\u00a0Reviva\u00a0has been granted composition of matter patents for both\u00a0RP5063\u00a0and RP1208 in\u00a0the United States\u00a0(U.S.),\u00a0Europe, and several other countries.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act, as amended, including those relating to the Company\u2019s Phase 3 RECOVER study and timing of topline data, the Company\u2019s expectations regarding the anticipated clinical profile of its product candidates, including statements regarding anticipated efficacy or safety profile, and those relating to the Company\u2019s expectations, intentions or beliefs regarding matters including, product development, clinical and regulatory timelines and expenses, market opportunity, ability to raise sufficient funding, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statements that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management\u2019s current beliefs and assumptions.
These statements may be identified by the use of forward-looking expressions, including, but not limited to, \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpotential, \u201cpredict,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201cwould\u201d and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company\u2019s most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and the Company\u2019s other filings from time to time with the\u00a0Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.<\/p>\n

\n Corporate Contact:<\/strong>
\n
Reviva Pharmaceuticals Holdings, Inc.
Laxminarayan Bhat, PhD
www.revivapharma.com<\/a><\/p>\n

\n Investor Relations Contact:<\/strong>
\n
LifeSci Advisors, LLC
Bruce Mackle
bmackle@lifesciadvisors.com<\/a><\/p>\n

RedChip Companies, Inc.
Todd McKnight
(917) 349.2175
RVPH@redchip.com<\/a><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

CUPERTINO, Calif., June 26, 2023 (GLOBE NEWSWIRE) — Reviva Pharmaceuticals Holdings, Inc. (NASDAQ: RVPH) (\u201cReviva\u201d or the \u201cCompany\u201d), a clinical-stage pharmaceutical company developing therapies that seek to address unmet medical needs in the areas of central nervous system (CNS), cardiovascular, metabolic, and inflammatory diseases, today announced that the Company will be added to the Russell Microcap\u00ae Index, effective after the United States market opens on Monday, June 26, 2023, following the conclusion of the 2023 Russell indexes annual reconstitution. Membership in the Russell Microcap\u00ae Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. \u201cReviva … <\/p>\n

Continue reading “Reviva Pharmaceuticals to be Added to Russell Microcap\u00ae Index”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765834","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nReviva Pharmaceuticals to be Added to Russell Microcap\u00ae Index - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reviva-pharmaceuticals-to-be-added-to-russell-microcap-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reviva Pharmaceuticals to be Added to Russell Microcap\u00ae Index - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CUPERTINO, Calif., June 26, 2023 (GLOBE NEWSWIRE) — Reviva Pharmaceuticals Holdings, Inc. 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