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Targacept will be added to NASDAQ biotech index

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JOURNAL STAFF AND WIRE REPORT

Published: November 17, 2009

Targacept Inc. said yesterday that it will be added to the NASDAQ Biotechnology Index, beginning Monday.

The index includes securities of companies that are classified as either biotechnology or pharmaceuticals.

The companies must meet minimum requirements for market capitalization, average daily trading volume and seasoning as a public company, as well as other eligibility criteria. The index is adjusted in May and November.

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Targacept will be added to NASDAQ biotech index

JOURNAL STAFF AND WIRE REPORT