NEW YORK (GenomeWeb News) - The Nasdaq exchange said on Friday that it has reinstated several genomics companies that it dropped from the Nasdaq Biotechnology Index in May.
Affymetrix, Caliper, and Luminex are among five firms added to the index following an interim review. Nasdaq said in a statement that the "sole purpose" of the review was "to include some companies that were removed from the Index during the May semi-annual re-ranking due to sector classification assigned by the Industry Classification Benchmark."
In May, Accelrys, Affymetrix, Caliper Life Sciences, and Luminex were among nine firms dropped from the index due to a change in their ICB classification.
"As a result of ICB's recent sector evaluation, five securities will be added back into the Index as their sector classification has been changed to biotechnology or pharmaceutical," Nasdaq said on Friday. "In addition to qualifying for this sector, companies being added back met all other continued eligibility criteria."
The change will become effective on July 24.