CLEVELAND, OH--(MARKET WIRE)--Jun 12, 2007 -- Cleveland BioLabs, Inc. (NasdaqCM:CBLI - News) (Boston:CFB - News) today announced that it will join the Russell Microcap(TM) Index when Russell Investment Group reconstitutes its family of U.S. indexes on June 22, according to a preliminary list of additions posted Friday on www.russell.com.