Loncar Cancer Immunotherapy Index Conducts Semi-Annual Rebalance
21 Juin 2017 - 2:30PM
Business Wire
Three Biotechnology 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 Committee has added Dynavax Technologies (Nasdaq: DVAX),
Jounce Therapeutics (Nasdaq: JNCE) and Syndax Pharmaceuticals
(Nasdaq: SNDX) to the index.
These additions replace Compugen (Nasdaq: CGEN), NewLink
Genetics (Nasdaq: NLNK) and Sorrento Therapeutics (Nasdaq:
SRNE).
“The immunotherapy field is just now gathering momentum and we
are optimistic the best is yet to come. The number of FDA approvals
for the types of immunotherapy drugs tracked by the index has
doubled since May of last year,” said Brad Loncar, Chairman of the
index committee. “Innovative companies like the three we have added
today are working on the next wave of immunotherapy treatments that
we hope will result in even better outcomes for more patients.”
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 19,
2017.
Loncar Investments is an official 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. June is Cancer Immunotherapy Month and we are especially
thankful at this time of year for CRI’s distinguished record of
supporting immunotherapy. 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 information can be found at the index’s
dedicated website, www.LoncarIndex.com.
Index provider: Loncar Investments, LLC is committed to
making the biotechnology space more approachable to a wider range
of investors. The company is principally owned by biotech investor
and analyst Brad Loncar. Mr. Loncar manages a biotech-focused
family portfolio from his Lenexa, Kan. office. He can be followed
on Twitter at @bradloncar and his commentary is available at
www.loncarblog.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170621005073/en/
Loncar Investments, LLCJill Tatios,
215-240-6398ise@gregoryfca.com
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