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NASDAQ Biotechnology Index

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Title: NASDAQ Biotechnology Index  
Author: World Heritage Encyclopedia
Language: English
Subject: Companies in the NASDAQ Biotechnology Index, NASDAQ, Mylan, ViroPharma, First North
Collection: American Stock Market Indices, Companies in the Nasdaq Biotechnology Index, Nasdaq, Stock Market Indices by Industry
Publisher: World Heritage Encyclopedia
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NASDAQ Biotechnology Index

The NASDAQ Biotechnology Index is a stock market index made up of securities of NASDAQ-listed companies classified according to the Industry Classification Benchmark as either Biotechnology or Pharmaceuticals.

Contents

  • Criteria 1
  • Components 2
  • Historical changes 3
    • November 2011 changes 3.1
  • Investing 4
  • External links 5

Criteria

In order to remain included within the index, the components must meet the following criteria:

  • The security U.S. listing must be exclusively on the NASDAQ National Market (unless the security was dually listed on another U.S. market prior to January 1, 2004 and has continuously maintained such listing).
  • The issuer of the security must be classified according to the Industry Classification Benchmark as either Biotechnology or Pharmaceuticals.
  • The security may not be issued by an issuer currently in bankruptcy proceedings.
  • The security must have a market capitalization of at least $200 million.
  • The security must have an average daily trading volume of at least 100,000 shares.
  • The issuer of the security may not have entered into a definitive agreement or other arrangement which would likely result in the security no longer being Index.
  • The issuer of the security may not have annual financial statements with an audit opinion that is currently withdrawn.
  • The issuer of the security must have "seasoned" on NASDAQ or another recognized market for at least 6 months; in the case of spin-offs, the operating history of the spin-off will be considered.

Components

This list of companies is current as of 24 January 2012. The list is reviewed twice annually in May and November, although components may be removed at any time.

Historical changes

November 2011 changes

In November 2011 the following were added:

The following were removed from the index:

Investing

This index is tracked by an exchange-traded fund, iShares Nasdaq Biotechnology (NASDAQ: IBB).

External links

  • Nasdaq Biotechnology Index components
  • Yahoo! Finance page for NASDAQ Biotechnology
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