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Ampio Pharmaceuticals Set to Join Russell 3000 Index
Date:6/16/2011

GREENWOOD VILLAGE, Colo., June 16, 2011 /PRNewswire/ -- Ampio Pharmaceuticals, Inc. (NASDAQ: AMPE)("Ampio" or the "Company"), a company that discovers and develops new uses for previously approved drugs and new molecular entities ("NMEs") today announced that it is set to join the U.S. broad-market Russell 3000 Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indices on June 24, according to a preliminary list of additions posted June 10 on www.russell.com/indexes and also confirmed by the NASDAQ Market Watch Desk.

Annual reconstitution of Russell's U.S. indices captures and ranks the 4,000 largest U.S. stocks as of the end of May by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indices. Russell determines membership for its equity indices primarily by objective, market-capitalization rankings and style attributes. The Russell 3000 also serves as the U.S. component to the Russell Global Index.

"Being included in these four notable business indices is further validation that our focus on creating shareholder value is showing significant progress," said Don Wingerter, Ampio CEO. "In the last 15 months Ampio became a public company, acquired another company, had a product candidate complete a Phase 3  trial,  launched a Phase 2 trial, started a Phase 1B trial, began a major device testing program, executed a $12.7 million capital raise, became listed on the NASDAQ Capital Market, and now we have joined the Russell Indexes."

Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently
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SOURCE Ampio Pharmaceuticals, Inc.
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