Tourmaline Bio added to the NASDAQ Biotechnology Index
December 15 2023 - 4:00PM
Tourmaline Bio, Inc. (“Tourmaline”) (Nasdaq: TRML), a late-stage
clinical biotechnology company developing transformative medicines
to dramatically improve the lives of patients with life-altering
immune and inflammatory diseases, today announced that Tourmaline
has been added to the NASDAQ Biotechnology Index (Nasdaq: NBI),
effective prior to market open, Monday, December 18, 2023.
The NASDAQ Biotechnology Index is designed to
track the performance of a set of securities listed on The Nasdaq
Stock Market® that are classified as either biotechnology or
pharmaceutical according to the Industry Classification Benchmark.
The NASDAQ Biotechnology Index is calculated under a modified
capitalization-weighted methodology. Companies in the NASDAQ
Biotechnology Index must meet eligibility requirements, including
minimum market capitalization, average daily trading volume and
seasoning as a public company, among other criteria. NASDAQ selects
constituents once annually in December.
For more information about the NASDAQ
Biotechnology Index, please visit:
https://indexes.nasdaqomx.com/Index/Overview/NBI.
About Tourmaline Bio, Inc.
Tourmaline Bio is a late-stage clinical
biotechnology company driven by its mission to develop
transformative medicines that dramatically improve the lives of
patients. Tourmaline is currently developing TOUR006 for the
treatment of life-altering immune and inflammatory diseases.
About TOUR006
TOUR006 is a long-acting, fully human, anti-IL-6
monoclonal antibody with best-in-class potential, having
differentiated properties, including high binding affinity to IL-6
and a substantially long half-life of approximately 7 weeks. To
date, TOUR006 has been studied in 448 patients including those with
autoimmune disorders, across six clinical trials. Tourmaline is
developing TOUR006 in Thyroid Eye Disease (TED) and atherosclerotic
cardiovascular disease (ASCVD) as its first two indications, with
additional diseases under consideration.
Investor Contact
Lee M. SternMeru
Advisorslstern@meruadvisors.com
Tourmaline Bio (NASDAQ:TRML)
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