Welcome to our dedicated page for NASDAQ Biotechnology Index news (Ticker: nbi), a resource for investors and traders seeking the latest updates and insights on NASDAQ Biotechnology Index stock.
The NASDAQ Biotechnology Index (NBI) serves as a critical benchmark tracking leading biotech and pharmaceutical companies on Nasdaq. This dedicated news hub provides investors and researchers with timely updates on index components, sector trends, and market-moving developments.
Access curated press releases and analysis covering essential NBI-related events including quarterly rebalancing announcements, constituent company earnings, and regulatory milestones impacting the biotech sector. Our repository simplifies tracking of mergers, drug approvals, and research breakthroughs that influence index performance.
Bookmark this page for structured access to verified information about methodology updates, constituent changes, and sector analysis reports. Stay informed about capitalization adjustments and liquidity requirements that shape the index's composition while monitoring broader industry health indicators.
Spyre Therapeutics (NASDAQ: SYRE), a clinical-stage biotech company focused on Inflammatory Bowel Disease (IBD) treatment, has announced its addition to the Nasdaq Biotechnology Index (NBI), effective December 23, 2024. The inclusion comes as part of the NBI's annual evaluation process. Companies must meet specific eligibility criteria including minimum market capitalization, average daily trading volume, and public company seasoning requirements. The NBI tracks performance of biotechnology and pharmaceutical securities listed on Nasdaq and operates under a modified capitalization-weighted methodology.
Compass Pathways (Nasdaq: CMPS), a mental health-focused biotechnology company, announced its inclusion in the NASDAQ Biotechnology Index (NBI), effective December 23, 2024. The NBI tracks biotechnology and pharmaceutical companies listed on NASDAQ, using a modified market capitalization weighted methodology. Index membership requires companies to meet specific criteria including minimum market capitalization and average daily trading volume. The index undergoes annual reconstitution in December.
Quantum-Si (Nasdaq: QSI) reported its Q4 and fiscal year 2021 results, revealing significant increases in operating expenses totaling $27.8 million in Q4, leading to a net loss of $29.4 million. For the fiscal year, total net loss reached $95.0 million, up from $36.6 million in 2020. The company ended the year with $471.3 million in cash and equivalents, positioning it well for upcoming product launches in 2022. They formed a new Scientific Advisory Board, expanded staff from 72 to 153, and entered strategic partnerships to enhance research applications.
Evolus, Inc. (NASDAQ: EOLS) has been added to the Nasdaq Biotechnology Index (NBI) as part of its annual reconstitution. This inclusion is expected to enhance Evolus' visibility and shareholder base. CFO Lauren Silvernail indicated that robust sales and market share gains position the company for a strong finish in 2021 and growth in 2022. Evolus focuses on innovative aesthetic products, particularly Jeuveau®, a neurotoxin exclusively for aesthetics, approved in 2019 by the FDA.
Taysha Gene Therapies, Inc. (Nasdaq: TSHA) has been officially included in the Nasdaq Biotechnology Index effective December 20, 2021. This inclusion aims to enhance the company's visibility and attract investors as it continues to advance its AAV-based gene therapy pipeline focused on treating monogenic diseases of the CNS. The Nasdaq Biotechnology Index tracks biotechnology and pharmaceutical securities that meet specific eligibility criteria, reflecting Taysha's commitment to developing curative treatments for patients.
Quantum-Si (Nasdaq: QSI) has been added to the Nasdaq Biotechnology Index (Nasdaq: NBI) as part of its annual reconstitution, effective December 20, 2021. The Nasdaq Biotechnology Index tracks the performance of biotechnology and pharmaceutical securities based on specific eligibility criteria such as market capitalization and trading volume. Quantum-Si specializes in protein sequencing technology, aiming to enhance drug discovery and diagnostics through its innovative semiconductor chip designed for single molecule sequencing.
Infinity Pharmaceuticals (NASDAQ: INFI) has been added to the NASDAQ Biotechnology Index (NBI), effective December 20, 2021. This index tracks companies in biotechnology and pharmaceuticals, requiring a minimum market capitalization of $200 million and an average daily trading volume of 100,000 shares. CEO Adelene Perkins highlighted the recognition of Infinity's progress, particularly regarding the clinical data for eganelisib, an oral immuno-oncology treatment. This milestone is pivotal for the company's ongoing efforts to deliver innovative cancer treatments.
Harrow Health, Inc. (Nasdaq: HROW) has been added to the Nasdaq Biotechnology Index (Nasdaq: NBI), effective December 20, 2021. This inclusion is a recognition of the company's performance among biotechnology and pharmaceutical securities. CEO Mark L. Baum expressed pride in this milestone, viewing it as validation of the team's efforts to create value for stakeholders. Harrow Health focuses on ophthalmic healthcare, operating ImprimisRx and Visionology, and has interests in other pharmaceuticals. The company aims to provide innovative and affordable eye care solutions.
