July 3, 2002 — Cepheid is expected to join the Russell 3000 Index — a listing of the 3,000 largest U.S. stocks.
The biotech firm was one of many preliminary additions to the index as part of an annual review, and the line-up remains in place for one year. Membership in the Russell 3000 means automatic inclusion in either the large-cap Russell 1000 or small-cap Russell 2000 indexes, according to a news release.
Index membership went into effect Monday, but a final list of members will not be released until July 9.