On December 16, 2020 Jounce Therapeutics, Inc. (NASDAQ: JNCE), a clinical-stage company focused on the discovery and development of novel cancer immunotherapies and predictive biomarkers, reported that it has been selected for addition to the NASDAQ Biotechnology Index (Nasdaq: NBI), effective prior to market open on Monday, December 21, 2020 (Press release, Jounce Therapeutics, DEC 16, 2020, View Source [SID1234572938]).

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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. All securities in the index are listed on the NASDAQ Global Market or the NASDAQ Global Select Market and must meet eligibility requirements, including minimum market capitalization, average daily trading volume, seasoning as a public company, among other criteria.

The NASDAQ Biotechnology Index is re-ranked annually and forms the basis for a number of Exchange Traded Funds (ETFs), including the iShares NASDAQ Biotechnology ETF. More information about the Index can be found at View Source