NEW YORK, March 10 /PRNewswire/ -- Cubist Pharmaceuticals Inc. will replace AMIS Holdings Inc. in the S&P SmallCap 600 after the close of trading on a date to be announced. AMIS is being acquired by ON Semiconductor Corp. in a deal that is still pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Cubist Pharmaceuticals researches, develops and commercializes novel antimicrobial drugs to combat serious and life-threatening bacterial and fungal infections. Headquartered in Lexington, MA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index.
Following is a summary of the change: S&P SMALLCAP 600 INDEX -- TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Cubist Pharmaceuticals Health Care Biotechnology DELETED AMIS Holdings Information Technology Semiconductors
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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