Semi-Annual Changes to the NASDAQ Biotechnology Index
May 13 2005 - 7:35PM
PR Newswire (US)
Semi-Annual Changes to the NASDAQ Biotechnology Index NEW YORK, May
13 /PRNewswire-FirstCall/ -- The Nasdaq Stock Market, Inc.
("NASDAQ") (NASDAQ:NDAQ) announced today the results of the
semi-annual re- ranking of the NASDAQ Biotechnology Index(R)
(NASDAQ:NBI), which will become effective with the market open on
Monday, May 23, 2005. The re-ranking will result in 10 securities
being added to the Index. All securities are classified according
to the FTSE Global Classification System(TM) as biotechnology or
pharmaceutical. The securities that meet the classification
criteria then must meet other Index eligibility criteria including
listing on the NASDAQ National Market(R) and meeting minimum
requirements for market value, average daily share volume and
seasoning as a public company. The Index is ranked on a semi-annual
basis in May and November. For more information about the NASDAQ
Biotechnology Index, including eligibility criteria, visit
http://www.nasdaq.com/. As a result of the re-ranking, Avigen Inc
(NASDAQ:AVGN), EXACT Sciences Corporation (NASDAQ:EXAS), Forbes
Medi-Tech Inc. (NASDAQ:FMTI), Gen-Probe Incorporated (NASDAQ:GPRO),
and Maxim Pharmaceuticals, Inc. (NASDAQ:MAXM) will be removed from
the Index. The NASDAQ Biotechnology Index is the basis for the
iShares Nasdaq Biotechnology Index(SM) Fund (AMEX:IBB), which seeks
investment results that generally correspond to the price and yield
performance of the NASDAQ Biotechnology Index before fees and
expenses. In addition, options based on the NASDAQ Biotechnology
Index and the iShares Nasdaq Biotechnology Index Fund trade on
various exchanges. NASDAQ is the largest U.S. electronic stock
market. With approximately 3,200 companies, it lists more companies
and, on average, trades more shares per day than any other U.S.
market. It is home to companies that are leaders across all areas
of business including technology, retail, communications, financial
services, transportation, media and biotechnology. NASDAQ is the
primary market for trading NASDAQ-listed stocks. For more
information about NASDAQ, visit the NASDAQ Web site at
http://www.nasdaq.com/ or the NASDAQ Newsroom at
http://www.nasdaq.com/newsroom/. The FTSE Global Classification
System is compiled by FTSE International Limited. (C)FTSE
International Limited 2004. FTSE(TM) is a trademark of the London
Stock Exchange Plc and The Financial Times Limited and is used by
FTSE International Limited under license. iShares are distributed
by SEI Investments Distribution Co. Barclays Global Fund Advisors
serves as an advisor to iShares and is a subsidiary of Barclays
Global Investors, N.A., neither of which is affiliated with SEI.
For a prospectus, call 1-800-iSHARES (1-800-474-2737). IShares are
not FDIC Insured. Have No Bank Guarantee. May Lose Value. Company
Briefs Barrier Therapeutics, Inc. (NASDAQ:BTRX) is a pharmaceutical
company focused on the discovery, development and commercialization
of pharmaceutical products in the field of dermatology. Cardiome
Pharma Corp. (NASDAQ:CRME) is a life sciences company focused on
developing proprietary drugs to treat or prevent cardiovascular
diseases. DRAXIS Health Inc. (NASDAQ:DRAX) is a specialty
pharmaceutical company providing products in three categories;
sterile pharmaceuticals, non-sterile specialty pharmaceuticals, and
radiopharmaceuticals. Genitope Corporation (NASDAQ:GTOP) is a
biotechnology company focused on the research and development of
novel immunotherapies for the treatment of cancer. Idenix
Pharmaceuticals, Inc. (NASDAQ:IDIX) is a biopharmaceutical company
engaged in the discovery, development and commercialization of
drugs for the treatment of human viral and other infectious
diseases. ISTA Pharmaceuticals, Inc. (NASDAQ:ISTA) is a specialty
pharmaceutical company focused on the commercialization and
development of proprietary therapeutic products that treat diseases
and disorders of the eye. MannKind Corporation (NASDAQ:MNKD) is a
biopharmaceutical company focused on the discovery, development and
commercialization of therapeutic products for diseases such as
diabetes and cancer. Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX)
is a biopharmaceutical company focusing on the development and
commercialization of products for the treatment of HIV infection
and cancer. Tercica, Inc. (NASDAQ:TRCA) is a biopharmaceutical
company focused on the development and commercialization of new
therapeutics for the treatment of short stature and other related
metabolic disorders. ViroLogic, Inc. (NASDAQ:VLGC) is a
biotechnology company that discovers, develops and markets products
to guide and improve treatment of serious infectious diseases and
cancer. DATASOURCE: NASDAQ CONTACT: Media Contact: Wayne Lee,
+1-301-978-4875, or Issuer and Investor Contact: Lisa Chaney,
+1-301-978-8281, both of NASDAQ Web site:
http://www.nasdaqnews.com/ http://www.nasdaq.com/
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