BioHealth & Healthcare Score Major Win in Russell Index Rebalance (AVII, CTIC, CEGE, IPXL, STEM, SUPG, VICL, XOMA)
This year’s Russell 3000 Index rebalancing and reconstitution may end up being the mother of all index rebalances. Because of the billions managed by Russell and because of the billions of outside funds that benchmark to the various Russell indexes, this year has many changes. All in all, there are over 400 additions and deletions to the Russell 3000 alone. The count was overwhelmingly “good” for healthcare. We screened out a few stocks under the Russell “Health Care” sector as they were not classic companies in the “BioHealth” space. But even after we screened those out, the ratio was huge by our own individual count:
- Healthcare additions were 57 and deletions were only 12… Yep a ratio of almost 5:1 for Health Care in the Russell 3000 alone.
Many of these additions or deletions were very surprising and based mostly on recent share price changes. Some of those standouts are are AVI Biopharma, Inc. (NASDAQ: AVII), Cell Therapeutics, Inc. (CTIC), Cell Genesys, Inc. (CEGE), Impax Laboratories Inc. (IPXL), StemCells Inc. (STEM), SuperGen Inc. (SUPG), Vical Inc. (VICL), and XOMA Ltd. (XOMA). We have broken out the fullist of additions and deletions below, and we started with the additions first as they may see more benefit between now and next Friday’s adjustments.
Add ALLION HEALTHCARE INC (ALLI)
Add ARYX THERAPEUTICS INC (ARYX)
Add ASPECT MEDICAL SYSTEMS (ASPM)
Add ATS MEDICAL INC (ATSI)
Add AVANIR PHARMACEUTICALS (AVNR)
Add AVI BIOPHARMA INC (AVII)
Add BIOCRYST PHARMACEUTICALS (BCRX)
Add BIODELIVERY SCIENCES (BDSI)
Add BIOSCRIP INC (BIOS)
Add BIOSPECIFICS TECHNO CORP (BSTC)
Add BOVIE MEDICAL CORP (BVX)
Add CARDIOVASCULAR SYS INC (CSII)
Add CARDIUM THERAPEUTICS INC (CXM)
Add CELL THERAPEUTICS INC (CTIC)
Add CHELSEA THERAPEUTICS INT (CHTP)
Add CLARIENT INC (CLRT)
Add CORNERSTONE THERAPEUTICS (CRTX)
Add CURIS INC (CRIS)
Add CUTERA INC (CUTR)
Add DELCATH SYS INC (DCTH)
Add ELECTRO-OPTICAL SCIENCES (MELA)
Add ENDOLOGIX INC (ELGX)
Add ENTEROMEDICS INC (ETRM)
Add HARVARD BIOSCIENCE INC (HBIO)
Add HEARTWARE INTL INC (HTWR)
Add HEMISPHERX BIOPHARMA INC (HEB)
Add HI-TECH PHARMACAL CO INC (HITK)
Add HOME DIAGNOSTICS INC (HDIX)
Add IMPAX LABORATORIES INC (IPXL)
Add INFINITY PHARMACEUTICALS (INFI)
Add INSMED INC (INSM)
Add ISTA PHARMACEUTICALS INC. (ISTA)
Add LANNETT CO INC (LCI)
Add LCA-VISION INC (LCAV)
Add MAKO SURGICAL CORP (MAKO)
Add MATRIXX INITIATIVES INC. (MTXX)
Add MEDQUIST INC (MEDQ)
Add MERGE HEALTHCARE INC (MRGE)
Add MICROMET INC (MITI)
Add NEUROGESX INC (NGSX)
Add NOVAMED INC (NOVA)
Add ONCOGENEX PHARMAS INC (OGXI)
Add OXIGENE INC (OXGN)
Add PONIARD PHARMA INC (PARD)
Add REPROS THERAPEUTICS INC (RPRX)
Add ROCHESTER MEDICAL CORP (ROCM)
Add ROCKWELL MEDICAL TECH (RMTI)
Add SANTARUS INC (SNTS)
Add SCICLONE PHARMACEUTICALS (SCLN)
Add SPECTRUM PHARMACEUTICALS (SPPI)
Add STEMCELLS INC (STEM)
Add SUPERGEN INC (SUPG)
Add TRANSCEND SERVICES INC (TRCR)
Add UTAH MED PRODS INC (UTMD)
Add VANDA PHARMACEUTICALS (VNDA)
Add VASCULAR SOLUTIONS INC (VASC)
Add VICAL INC (VICL)
Delete ACADIA PHARMACEUTICALS (ACAD)
Delete ALEXZA PHARMACEUTICALS (ALXA)
Delete BIOFORM MEDICAL INC (BFRM)
Delete CALIPER LIFE SCIENCES (CALP)
Delete CELL GENESYS INC (CEGE)
Delete COLUMBIA LABORATORIES (CBRX)
Delete JAZZ PHARMACEUTICALS INC (JAZZ)
Delete MARSHALL EDWARDS INC (MSHL)
Delete REXAHN PHARMACEUTICALS (RNN)
Delete TARGACEPT INC (TRGT)
Delete VISION-SCIENCES INC (VSCI)
Delete XOMA LTD (XOMA)
Jon C. Ogg
June 20, 2009
