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VNUS Medical Technologies Joins Nasdaq Health Care Index

Strategic Insights

— 1 min read

VNUS Medical Technologies, Inc., a pioneer in medical devices for treating venous reflux disease, has become a member of the Nasdaq Health Care Index, announced on July 27, 2005. As one of the initial companies to join this index, VNUS is part of a list of 545 companies that meet the FTSE Global Classification System's criteria for health, pharmaceutical, and biotechnology sectors. These organizations encompass a wide range of healthcare entities, including pharmaceutical and biotechnology companies, medical equipment manufacturers, and healthcare providers. VNUS's addition to the index reflects its significant presence in the healthcare industry.

Key Takeaways:

  • VNUS Medical Technologies, Inc. has become a member of the Nasdaq Health Care Index, announced on July 27, 2005.
  • The Nasdaq Health Care Index contains 545 companies, classified under the FTSE Global Classification System as "Health," "Pharmaceutical," or "Biotechnology."
  • VNUS was named to the broad-market Russell 3000 Index, the small-cap Russell 2000 Index, and the new Russell Microcap Index in June 2005.
  • The company's Closure system, consisting of a radiofrequency (RF) generator and disposable endovenous catheters and devices, is designed to close diseased veins using temperature-controlled RF energy.
  • Nasdaq is the largest electronic screen-based equity securities market in the United States.

Statistics:

  • 545 companies are included in the inaugural Health Care Index announced by NASDAQ.
  • VNUS Medical Technologies, Inc. has joined the Nasdaq Health Care Index as one of its initial members.
  • The Nasdaq Health Care Index is calculated every 15 seconds and disseminated at the same interval over NASDAQ Index Dissemination Service (NIDS).
  • Nasdaq is the largest electronic screen-based equity securities market in the United States.

Sources:

  • "VNUS Medical Technologies, Inc. Announces Membership in the Nasdaq Health Care Index" (News release, July 27, 2005)
  • "Nasdaq Announces Two New Indexes: Technology and Healthcare" (Press release, July 27, 2005)
  • "FTSE Global Classification System" (Source: FTSE Group)
  • "Nasdaq Stock Market" (Source: The Nasdaq Stock Market)

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