Loncar Cancer Immunotherapy Index Conducts Semi-Annual Rebalance
Seven New Biotechnology Companies Added to the Index
Lenexa, KS -- December 18, 2018 -- Loncar Investments, LLC today announced the result of the semi-annual rebalance and reconstitution of the Loncar Cancer Immunotherapy Index, a stock index of top companies developing cancer immunotherapy treatments and discovering new ways to use the body’s immune system to fight cancer.
The Committee has added Allogene (Nasdaq: ALLO), argenx (Nasdaq: ARGX), Forty Seven (Nasdaq: FTSV), Moderna (Nasdaq: MRNA), Regeneron (Nasdaq: REGN), Seattle Genetics (Nasdaq: SGEN), and Y-mAbs Therapeutics (NYSE: YMAB) to the index.
The additions replace Aduro BioTech (Nasdaq: ADRO), Arcus Biosciences (NYSE: RCUS), Five Prime Therapeutics (Nasdaq: FPRX), Novartis (NYSE: NVS), Sorrento Therapeutics (Nasdaq: SRNE), ZIOPHARM Oncology (Nasdaq: ZIOP), and Zymeworks (NYSE: ZYME).
“I am excited about these new additions and the next-generation technologies they are researching that may lead to important advances for patients,” said Brad Loncar, CEO of Loncar Investments and Chairman of the index committee. “Five of the seven companies we are adding have market values in excess of $3 billion. Furthermore, the lowest market value company in the basket today is approximately $600 million, which compares to approximately $350 million one year ago. As immunotherapy’s role in cancer care advances, we expect larger companies to be more represented in its development.”
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 June 18, 2019.
Loncar Investments is an official partner of the Cancer Research Institute, the world’s longest running 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.
About the index: The Loncar Cancer Immunotherapy Index is an equal-weighted index of 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. 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. It incorporates extensive research into biotech companies and technologies to develop stock market indexes that are focused on precise investment opportunities. The company is principally owned by biotech investor and analyst Brad Loncar.
Loncar Investments, LLC
Jill Tatios, 215-240-6398