Loncar Cancer Immunotherapy Index Announces Merger Replacements
04 Octubre 2017 - 7:00AM
Business Wire
Gilead and NewLink Added to the Only Index that
Tracks Cancer Immunotherapy
Loncar Investments, LLC today announced two new additions to 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 Gilead Sciences (Nasdaq: GILD) and
NewLink Genetics (Nasdaq: NLNK). They replace Amgen (Nasdaq: AMGN)
and Kite Pharma (Nasdaq: KITE), respectively.
These changes come after Gilead Sciences’ successful $11.9
billion acquisition of Kite Pharma.
Following the completion of this transaction, Gilead has emerged
as a new leader in the CAR-T cellular immunotherapy field.
Furthermore, NewLink is at the forefront of researching the role of
the indoleamine 2,3-dioxygenase (IDO) pathway in cancer, an immune
modulator involved in tumor escape.
“We are grateful for all that Kite has accomplished for patients
who will benefit from CAR-T and look forward to watching Gilead
build on this success,” said Brad Loncar, Chairman of the index
committee. “CAR-T is the fifth type of modern day immunotherapy
that has been approved by FDA. It joins checkpoint inhibitors,
oncolytic viruses, bispecific antibodies and cancer vaccines as
approved approaches. We are very pleased to see this momentum in
the field.”
The above changes were made after a special meeting of the
index’s committee and according to its rules. The next regularly
scheduled semi-annual rebalance and reconstitution of the index
will occur on December 19, 2017.
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 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, Robotics, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171004005158/en/
Gregory FCA for Loncar InvestmentsJill Tatios,
215-240-6398ise@gregoryfca.com
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