Atea Pharmaceuticals Added to the Nasdaq Biotechnology Index
17 December 2021 - 11:00PM
Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) (“Atea”), a
clinical-stage biopharmaceutical company, today announced that the
company has been added to the NASDAQ Biotech Index (Nasdaq: NBI),
effective prior to market open on Monday, December 20, 2021.
"We are pleased to join the NASDAQ Biotechnology Index as it
heightens and expands our profile within the investment community,”
said Jean Pierre Sommadossi, PhD, Chief Executive Officer and
Founder of Atea Pharmaceuticals. “Inclusion in the index broadens
awareness of Atea and its mission to develop safe and effective
oral antiviral treatments that address unmet medical needs of
patients with life-threatening viral diseases, including
COVID-19."
The NASDAQ Biotechnology Index is designed to track the
performance of a set of securities listed on The Nasdaq Stock
Market® (Nasdaq®) that are classified as either biotechnology or
pharmaceutical according to the Industry Classification Benchmark
(ICB). The NASDAQ Biotechnology Index is calculated under a
modified capitalization-weighted methodology. Companies in the
NASDAQ Biotechnology Index must meet eligibility requirements,
including minimum market capitalization, average daily trading
volume and seasoning as a public company, among other criteria.
Nasdaq selects constituents annually in December.
About Atea Pharmaceuticals
Atea Pharmaceuticals is a clinical stage biopharmaceutical
company focused on discovering, developing and commercializing oral
therapies to address the unmet medical needs of patients with
life-threatening viral diseases. Leveraging the Company’s deep
understanding of antiviral drug development, nucleos(t)ide
chemistry, biology, biochemistry and virology, Atea has built a
proprietary nucleotide prodrug platform to develop novel product
candidates to treat single stranded ribonucleic acid, or ssRNA,
viruses, which are a prevalent cause of severe viral diseases.
Currently, Atea is focused on the development of orally-available,
potent, and selective nucleotide prodrugs for difficult-to-treat,
life-threatening viral infections, including severe acute
respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that
causes COVID-19, dengue virus, hepatitis C virus (HCV) and
respiratory syncytial virus (RSV). For more information, please
visit www.ateapharma.com.
Contacts
Jonae BarnesSVP, Investor Relations and Corporate
Communications617-818-2985Barnes.jonae@ateapharma.com
Will O’ConnorStern Investor Relations
212-362-1200will.oconnor@sternir.com
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