Loncar Cancer Immunotherapy Index Conducts Semi-Annual Rebalance
22 Juin 2016 - 1:30PM
Business Wire
Two New Immunotherapy Companies Added to the
Index
Loncar Investments, LLC today announced the result of the
semi-annual rebalance and reconstitution of the Loncar Cancer
Immunotherapy Index, a group of the top 30 companies developing
cancer immunotherapy treatments and discovering new ways to use the
body’s immune system to fight cancer.
The index committee has added BeiGene (Nasdaq: BGNE) and
Compugen (Nasdaq: CGEN) to the index.
These additions replace Celyad (Nasdaq: CYAD) and Immune Design
(Nasdaq: IMDZ).
“Transformative drug development is happening all over the
world,” said Brad Loncar, Chairman of the index committee. “We are
pleased to welcome our first components to the index from China and
Israel and look forward to following their contributions to the
field of cancer immunotherapy.”
The index committee has further decided to institute a minimum
equity liquidity threshold of 50,000 shares or $500,000 in average
daily trading volume for any index component going forward.
Effective this week, all index holdings have been rebalanced to
hold equal weight. The index is rebalanced and reconstituted
semi-annually. The next rebalance will occur on December 20,
2016.
Loncar Investments is a proud partner of the Cancer Research
Institute, the world’s only nonprofit organization dedicated
exclusively to harnessing the immune system’s power to conquer all
cancers. To learn about how to give to CRI, please visit here.
Why immunotherapy: Cancer immunotherapy has become an
important sector in the biotechnology space and is changing the way
many cancers are treated. While traditional medicines like
chemotherapies often give cancer a broad punch, the benefit of
using immunotherapy is derived from the immune system's dynamic
nature and the way it can more precisely be tailored to fight a
patient's disease. Some immunotherapies have already exhibited
uncommon results in clinical trials including partial and complete
responses in late stage cancer patients.
About the index: The Loncar Cancer Immunotherapy Index is
an equal-weighted index of 30 top immunotherapy companies
rebalanced and reconstituted on a semi-annual basis. Price and
return data are independently calculated on a daily basis by Indxx,
LLC. This is a sector index similar to Technology sector indices
(Internet, Cyber Security, Cloud Computing, etc.). Sector indices
allow investors to track interest areas more precisely than broad
indices. Additional info can be found at the index’s dedicated
website, www.LoncarIndex.com.
Index provider: Loncar Investments LLC was founded by
independent biotech investor and analyst Brad Loncar. Mr. Loncar
regularly provides his distinctive insight and analysis on this
market segment to the investment community via a variety of
publishing platforms. Through Loncar Investments LLC, Mr. Loncar
has incorporated his extensive research into biotech companies and
technologies into developing an index focused on precise investment
opportunities. He previously worked in the financial services
industry at Franklin Templeton Investments, and was appointed to
serve in a Senior Adviser role at the U.S. Department of the
Treasury. Mr. Loncar can be followed on Twitter
at @bradloncar.
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