Skip to main content
Premium Trial:

Request an Annual Quote

Third Wave to Trade as Part of Nasdaq Biotech Index

NEW YORK, Nov. 15 (GenomeWeb News) - Third Wave has been added the Nasdaq Biotechnology Index as part of the exchange's semi-annual listing update, the exchange said last week.


According to the exchange, all securities being added to the Index will be phased into Nasdaq's Opening Cross on Nov. 16.


A total of 11 companies were added to the index and two were removed during the Nasdaq's update.


Securities currently in the Index must meet the maintenance criteria of $100 million in market capitalization and 50,000 shares average daily trading volume, according to the Nasdaq.


With Third Wave, 143 companies trade as part of the Biotech Index. Among them are the genomics companies Accelrys, Affymetrix, Caliper Life Sciences, Ciphergen Biosystems, DeCode Genetics, Gene Logic, Harvard Bioscience, Illumina, Invitrogen, Orchid Biosciences, and Qiagen.


"Index securities not meeting the maintenance criteria are retained in the Index provided that such security met the maintenance criteria in the previous semi-annual ranking," the exchange said on its web site. "Securities not meeting the maintenance criteria for two consecutive rankings are removed."


Changes occur after the close of trading on the third Friday in May and November using March and September closing price and volume data and April and October publicly available total share outstanding data, the Nasdaq said.


Click here for more information about the Nasdaq biotech index.

The Scan

Should've Been Spotted Sooner

Scientists tell the Guardian that SARS-CoV-2 testing issues at a UK lab should have been noticed earlier.

For Martian Fuel

Researchers have outlined a plan to produce rocket fuel on Mars that uses a combination of sunlight, carbon dioxide, frozen water, cyanobacteria, and engineered E. coli, according to Gizmodo.

To Boost Rapid Testing

The Washington Post writes that new US programs aim to boost the availability of rapid at-home SARS-CoV-2 tests.

PNAS Papers on Strawberry Evolution, Cell Cycle Regulators, False-Positive Triplex Gene Editing

In PNAS this week: strawberry pan-genome, cell cycle-related roles for MDM2 and MDMX, and more.