Biotech Company of AWIS Board Member Joins the Russell 2000 Index
BIOTECH COMPANY OF AWIS BOARD MEMBER JOINS THE RUSSELL 2000 INDEX
WASHINGTON DC, June 27, 2018 – The Association for Women in Science (AWIS), the leading organization that advocates for women in STEM, is pleased to announce that Marrone Bio Innovations, Inc. (MBI) has joined the Russell 2000 Index. Pam Marrone, PhD is the Founder and CEO of MBI and a member of the AWIS National Governing Board. Marrone Bio Innovations, Inc. (NASDAQ: MBII) (MBI) is a leading provider of bio-based pest management and plant health products for the agriculture, turf and ornamental and water treatment markets.
“Joining the Russell 2000 Index is an acknowledgment of Dr. Marrone’s commitment to leadership, influence and strong business acumen as an entrepreneur. We applaud the significance of this achievement because many women who are entrepreneurs face systemic challenges starting and scaling their own companies, particularly regarding access to capital,” said Janet Bandows Koster, AWIS Executive Director and CEO.
AWIS research shows that less than 4% of venture capital in biotech is awarded to women and less than 1% to women of color because the investment process is embedded with bias and barriers. A recent AWIS report, Revolutionizing the STEM Entrepreneurship Ecosystem, shares how investors can fix the funding gap.
In her company press release Dr. Marrone stated: “We are pleased to have joined the Russell 2000 Index. This addition marks an important milestone for MBI as we continue to grow, representing an opportunity to further increase our visibility within the investment community.”
Marrone Bio Innovations is dedicated to pioneering smart biopesticide solutions that support a better tomorrow for both farmers, turf managers and consumers around the globe. The company is an industry leader in the rapidly growing market for biological crop protection and plant health, as its ability to discover and rapidly commercialize novel biological products is unmatched within the industry.
The Russell 2000 Index is a capitalization weighted index that measure the performance of the 2000 largest publicly held companies in the United States.
The Association for Women in Science (AWIS) is a global network with 80 grassroots chapters and affiliates connecting more than 100,000 professionals in STEM with members, allies and supporters worldwide. Founded in 1971, AWIS has been the leading advocate for women in science, technology, engineering, and mathematics (STEM) to achieve business growth, social change, and innovation. We are dedicated to driving excellence in STEM by achieving equity and full participation of women in all disciplines and across all employment sectors. To learn more, visit www.awis.org and follow us @AWISNational on Twitter and Facebook.
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