NEW YORK (GenomeWeb News) - Nasdaq said Friday that it has dropped Gene Logic from its Biotechnology Index after a semi-annual review of biotechnology companies.
 
According to the Nasdaq website, companies listed on the Biotechnology Index must maintain a market capitalization value of more than $200 million, an average daily trading volume of at least 100,000 shares, and must meet certain other criteria.
 
Gene Logic's market cap is currently listed at $48.6 million with volume of 15,872 shares.

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