ViroLogic Added to the NASDAQ Biotechnology Index
21 May 2005 - 8:16AM
PR Newswire (US)
ViroLogic Added to the NASDAQ Biotechnology Index SOUTH SAN
FRANCISCO, Calif., May 20 /PRNewswire-FirstCall/ -- ViroLogic, Inc.
(NASDAQ:VLGC) announced today that it will be added to the NASDAQ
Biotechnology Index(R) (NASDAQ:NBI) effective with the market open
on May 23, 2005. All securities are classified according to the
FTSE Global Classification System(TM) as biotechnology or
pharmaceutical. Index eligibility criteria include listing on the
NASDAQ National Market(R) and meeting minimum requirements for
market value, average daily share volume and seasoning as a public
company. The Index is ranked on a semi-annual basis in May and
November. For more information about the NASDAQ Biotechnology
Index, including eligibility criteria, visit http://www.nasdaq.com/
. About ViroLogic ViroLogic is a biotechnology company advancing
individualized medicine by discovering, developing and marketing
innovative products to guide and improve treatment of serious
infectious diseases and cancer. The Company's products are designed
to help doctors optimize treatment regimens for their patients that
lead to better outcomes and reduced costs. The Company's technology
is also being used by numerous biotechnology and pharmaceutical
companies to develop new and improved antiviral therapeutics and
vaccines as well as targeted cancer therapeutics. More information
about the Company and its technology can be found on its web site
at http://www.virologic.com/. FORWARD LOOKING STATEMENTS Certain
statements in this press release are forward-looking, including
statements regarding the addition of ViroLogic to the NASDAQ
Biotechnology Index. These forward-looking statements are subject
to risks and uncertainties and other factors, which may cause
actual results to differ materially from the anticipated results or
other expectations expressed in such forward- looking statements.
These risks and uncertainties include, but are not limited to,
risks and uncertainties relating to the development of future
products; the performance of our products; our ability to
successfully conduct clinical studies and the results obtained from
those studies; whether larger confirmatory clinical studies will
confirm the results of initial studies; whether larger studies
involving tumor samples will yield favorable results regarding the
predictive capability of eTag assays for responsiveness to cancer
drugs; our ability to establish reliable, high-volume operations at
commercially reasonable costs; our ability to introduce a product
commercially in 2006; our ability to successfully integrate the
operations of ACLARA into our operations; competition from larger
more established diagnostic providers; actual market acceptance of
our products and adoption of our technological approach and
products by pharmaceutical and biotechnology companies; our
estimate of the size of our markets; our estimates of the level of
demand for our products; the timing and ultimate size of
pharmaceutical company clinical trials; whether payors will
authorize reimbursement for our products; whether the FDA or any
other agency will seek to regulate ViroLogic's in house clinical
laboratory testing; our ability to comply with FDA regulations in
order to establish and maintain diagnostic kit manufacturing
operations; whether we will encounter problems or delays in
establishing and validating eTag assays within our clinical
laboratory; whether we will encounter problems or delays in
automating our processes or expanding our capacity; whether the
intellectual property underlying the Company's technology is
adequate; whether we may be deemed to infringe on the intellectual
property of others and whether licenses to third party technology
will be available; whether ViroLogic is able to build brand loyalty
and expand revenues; the potential impact of any payments under the
CVRs on our common stock and capital resources; and whether
ViroLogic will be able to raise sufficient capital when required.
For a discussion of other factors that may cause ViroLogic's actual
events to differ from those projected, please refer to the
Company's most recent annual report on Form 10-K and quarterly
reports on Form 10-Q, as well as other subsequent filings with the
Securities and Exchange Commission. We do not undertake, and
specifically disclaim any obligation, to revise any forward looking
statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such
statements. DATASOURCE: ViroLogic, Inc. CONTACT: Alfred
Merriweather, Vice President and CFO of ViroLogic, Inc.,
+1-650-635-1100; or Carolyn Bumgardner Wang of WeissComm Partners,
+1-415-946-1065, or , for ViroLogic, Inc. Web site:
http://www.virologic.com/
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