StemCell Therapy

Nasdaq recently announced the results of the annual re-ranking of the Nasdaq Biotechnology Index (NBI). The re-ranking was effective prior to market open on Monday, December 23, 2019. There are now 217 companies in the index, including 40 new additions. You can view the full list of securitieshere.

Along with this performance was a substantial increase in assets under management (AUM) for IBB the largest corresponding ETF that tracks the Nasdaq Biotechnology Index globally. In fact, the AUM as of December 31, 2019 was approximately $8B.

Since its inception, the NBI has shown impressive performance over the years. The market capitalization weighted index focuses specifically on the biopharmaceutical industry allowing Nasdaq-listed companies to gain exposure to passive investors.

Nasdaq continues to be the leader in biotechnology listings, including initial public offerings in the biotechnology and pharmaceutical arena such as Genmab, Bridge Bio and Gossamer Bio, Inc. In 2019, Nasdaq had a 100% BioPharma IPO win rate as we welcomed 55 BioPharma IPOs raising approximately $5.6 billion in IPO proceeds.

If you have any questions, including how to leverage inclusion in the index, please do not hesitate to contact me at Jordan.Saxe@nasdaq.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Read more:
40 Securities Added to Nasdaq Biotechnology Index - Nasdaq

This entry was posted on January 10, 2020 at 9:51 pm and is filed under Biotechnology. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed. |