Scholar Rock Added to NASDAQ Biotechnology Index
December 19 2019 - 3:05PM
Scholar Rock Holding Corporation (NASDAQ: SRRK), a clinical-stage
biopharmaceutical company focused on the treatment of serious
diseases in which protein growth factors play a fundamental role,
today announced that it has been selected for addition to the
NASDAQ Biotechnology Index® (Nasdaq: NBI), effective prior to
market open on Monday, December 23, 2019.
The NASDAQ Biotechnology Index is designed to track the
performance of a set of NASDAQ-listed securities that are
classified as either Biotechnology or Pharmaceutical according to
the Industry Classification Benchmark (ICB). Companies in the
NBI must meet eligibility requirements, including minimum market
capitalization and average daily trading volume, among other
criteria. The Index is evaluated annually and serves as the basis
for the iShares NASDAQ Biotechnology Index Fund (Nasdaq: IBB). For
more information about the NASDAQ Biotechnology Index, visit
https://indexes.nasdaqomx.com/Index/Overview/NBI.
About Scholar Rock Scholar Rock is a
clinical-stage biopharmaceutical company focused on the discovery
and development of innovative medicines for the treatment of
serious diseases in which signaling by protein growth factors plays
a fundamental role. Scholar Rock is creating a pipeline of
novel product candidates with the potential to transform the lives
of patients suffering from a wide range of serious diseases,
including neuromuscular disorders, cancer, fibrosis and
anemia. The Company’s two lead product candidates include
SRK-015, a selective inhibitor of the activation of myostatin, for
the treatment of patients with Spinal Muscular Atrophy and SRK-181,
an isoform-selective inhibitor of TGFβ1 activation as a cancer
immunotherapy in combination with anti-PD(L)1 antibodies.
Scholar Rock’s newly elucidated understanding of the molecular
mechanisms of growth factor activation enabled it to develop a
proprietary platform for the discovery and development of
monoclonal antibodies that locally and selectively target these
signaling proteins at the cellular level. By developing
product candidates that act in the disease microenvironment, the
Company intends to avoid the historical challenges associated with
inhibiting growth factors for therapeutic effect. Scholar
Rock believes its focus on biologically validated growth factors
may facilitate a more efficient development path. For more
information, please visit www.ScholarRock.com or
follow Scholar Rock on Twitter (@ScholarRock) and
LinkedIn (https://www.linkedin.com/company/scholar-rock/).
Scholar Rock® is a registered trademark of Scholar Rock,
Inc.
Forward-Looking StatementsThis press release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, including, but
not limited to, statements regarding future expectations, plans and
prospects, including without limitation, expectations regarding the
potential of SRK-015 as a therapy in SMA and the timeline for and
progress in developing SRK-015. The use of words such as “may,”
“might,” “will,” “should,” “expect,” “plan,” “anticipate,”
“believe,” “estimate,” “project,” “intend,” “future,” “potential,”
or “continue,” and other similar expressions are intended to
identify such forward-looking statements. All such forward-looking
statements are based on management's current expectations of future
events and are subject to a number of risks and uncertainties that
could cause actual results to differ materially and adversely from
those set forth in or implied by such forward-looking statements.
These risks and uncertainties include the risks discussed in the
section entitled "Risk Factors" in Scholar Rock’s Quarterly Report
on Form 10-Q for the quarter ended September 30, 2019, as well
as discussions of potential risks, uncertainties, and other
important factors in Scholar Rock’s subsequent filings with
the Securities and Exchange Commission. Any forward-looking
statements represent Scholar Rock’s views only as of today and
should not be relied upon as representing its views as of any
subsequent date. All information in this press release is as
of the date of the release, and Scholar Rock undertakes
no duty to update this information unless required by law.
Scholar Rock Contact: Investors/Media Catherine
Hu chu@scholarrock.com 917-601-1649
Media Contact: The Yates Network Kathryn Morris
kathryn@theyatesnetwork.com 914-204-6412
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