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Euronext unveils first European index purely dedicated to biotech companies

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To increase the visibility and to support the development of the biotech sector in Europe, Euronext has launched the Next Biotech Index.

To increase the visibility and to support the development of the biotech sector in Europe, Euronext has launched the Next Biotech Index. The exchange group says this is the first eurozone biotech index and, as it is composed solely of biotech companies, the only true biotech index in the world.

The Next Biotech Index comprises the 25 biotech companies listed on NYSE Euronext’s European markets, Euronext and Alternext, representing EUR4.7bn in market capitalisation as of May 26. The group says this makes Euronext the eurozone’s leading exchange in terms of the number of listed biotech companies and market capitalisation.

Martine Charbonnier, NYSE Euronext’s head of European listings, says: ‘The Next Biotech Index confirms NYSE Euronext’s leading position in the biotech sector and demonstrates its commitment to provide tailored and innovative tools that help biotech companies listed on its market to get the visibility and growth opportunities they need.

‘It is a true benchmark for the performance of the European biotech sector and an excellent choice for investors who wish to track the performance of this fast-growing sector.’

Since its launch on April 7 the Next Biotech Index has outperformed the market with an increase of 8.1 per cent over the seven weeks to May 26.

NYSE Euronext operates exchanges in six countries including the New York Stock Exchange, Euronext, the eurozone’s largest cash equities market, derivatives exchange Liffe and NYSE Arca Options, a fast-growing US options trading platform. The group’s nearly 4,000 listed companies represented a combined USD30.9trn in total global market capitalisation at the end of April, when its equity exchanges transacted an average daily trading volume of some USD161.9bn.

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