Semi-Annual Changes to the NASDAQ Biotechnology Index
May 12 2006 - 7:32PM
PR Newswire (US)
NEW YORK, May 12 /PRNewswire-FirstCall/ -- The Nasdaq Stock Market,
Inc. ("NASDAQ(R)") (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 22, 2006. The re-ranking will result in 15 securities
being added to the Index. All securities are classified according
to the Industry Classification Benchmark (ICB) as either
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,
Accelrys, Inc. (NASDAQ:ACCL), Affymetrix, Inc. (NASDAQ:AFFX),
BioVeris Corporation (NASDAQ:BIOV), Biosite, Inc. (NASDAQ:BSTE),
Caliper Life Sciences, Inc. (NASDAQ:CALP), Luminex Corporation
(NASDAQ:LMNX), Martek Biosciences Corporation (NASDAQ:MATK),
PAREXEL International Corporation (NASDAQ:PRXL), SFBC
International, Inc. (NASDAQ:SFCC), will be removed from the Index
due to a change in their classification by ICB. 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 Industry Classification
Benchmark ("ICB") is jointly owned by FTSE International Limited
("FTSE") and Dow Jones & Company, Inc. 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. "Dow
Jones" and "DJ" are trademarks of Dow Jones & Company Inc.
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 ACADIA Pharmaceuticals
Inc. (NASDAQ:ACAD) is a biopharmaceutical company focused on the
discovery, development and commercialization of small molecule
drugs for the treatment of central nervous system disorders. Adams
Respiratory Therapeutics, Inc. (NASDAQ:ARXT) is a specialty
pharmaceutical company focused on the late-stage development,
commercialization and marketing of over-the-counter, or OTC and
prescription pharmaceuticals for the treatment of respiratory
disorders. Aspreva Pharmaceuticals Corporation (NASDAQ:ASPV)
identifies, develops, and commercializes new indications for
approved drugs and drug candidates for underserved patient
populations. AVI BioPharma, Inc. (NASDAQ:AVII) is a
biopharmaceutical company that develops and commercializes products
principally based on third-generation NEUGENE antisense technology.
The Company's products in development target life-threatening
diseases, including cardiovascular disease, infectious disease, and
cancer. Columbia Laboratories, Inc. (NASDAQ:CBRX) is an
international pharmaceutical company that develops and markets
women's health care and endocrinology products. The Company
develops products intended to treat infertility, dysmenorrhea,
endometriosis, and hormonal deficiencies, primarily utilizing its
Bioadhesive Delivery System Technology. Cerus Corporation
(NASDAQ:CERS) develops systems designed to enhance the safety of
blood transfusions. The Company's systems inactivate pathogens in
blood components and inactivate white blood cells, which are
responsible for a variety of adverse transfusion reactions.
CollaGenex Pharmaceuticals, Inc. (NASDAQ:CGPI) is a specialty
pharmaceutical company focused on developing and marketing
innovative pharmaceutical products for the dermatology market.
Genomic Health, Inc. (NASDAQ:GHDX) is a life science company
focused on the development and commercialization of genomic-based
clinical diagnostic tests for cancer. The Company's tests allow
physicians and patients to make individualized treatment decisions.
GTx, Inc. (NASDAQ:GTXI) discovers, and commercializes therapeutics
primarily related to the treatment of serious men's health
conditions. The Company's drug discovery and development programs
are focused on small molecules that selectively modulate the
effects of estrogens and androgens, two essential classes of
hormones. Inhibitex, Inc. (NASDAQ:INHX) is a biopharmaceutical
company that discovers, develops, and commercializes novel
antibody-based products. The Company develops products for the
prevention and treatment of serious bacterial and fungal infections
in the hospital setting. Matrixx Initiatives Inc. (NASDAQ:MTXX)
Matrixx Initiatives, Inc. is engaged in the development,
manufacture and marketing of over-the-counter healthcare products
that utilize innovative drug delivery systems. New River
Pharmaceuticals Inc. (NASDAQ:NRPH) is a specialty pharmaceutical
company developing safer and improved versions of widely-
prescribed drugs in large and growing markets. Novavax, Inc.
(NASDAQ:NVAX) a biopharmaceutical company, researches and develops
proprietary topical and oral drug delivery technologies. Solexa,
Inc. (NASDAQ:SLXA) is developing a method of gene tic analysis
based on sequencing-by-synthesis and molecular arrays. The Company
intends to offer different types of genetic analysis, including DNA
sequencing, gene expression, genotyping, and micro-RNA analysis.
Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) is a biotechnology
company focused on the discovery, development and commercialization
of small molecule therapeutics based on Metabolic Targeting, an
approach that targets fundamental differences in metabolism between
normal and certain diseased cells. DATASOURCE: NASDAQ CONTACT:
Media: Wayne Lee, +1-301-978-4875, or Issuer and Investors: Lisa
Chaney, +1-301-978-8281, both of NASDAQ Web site:
http://www.nasdaq.com/
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