NEW YORK, Nov. 7, 2016 /PRNewswire/ -- Innoviva Inc. (NASD: INVA) will replace Rofin-Sinar Technologies Inc. (NASD: RSTI) in the S&P SmallCap 600 after the close of trading on Wednesday, November 9. S&P SmallCap 600 constituent Coherent Inc. (NASD: COHR) acquired Rofin-Sinar Technologies in a deal completed today.
Innoviva engages in the development and commercialization of bio-pharmaceuticals. Headquartered in South San Francisco, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – November 9, 2016 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Innoviva |
Healthcare |
Pharmaceuticals |
DELETED |
Rofin-Sinar Technologies |
Information Technology |
Electronic Equipment & Instruments |
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]
Luke Shane
Communications Manager
New York, USA
(+1) 212 438 8184
[email protected]
SOURCE S&P Dow Jones Indices
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