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S&P Will Add Chiron to 500 Index

November 21, 2000|Staff reports

Monday was a down day for biotech shares, but Standard & Poor's Corp. paid Chiron Corp. (CHIR) a compliment after trading ended: S&P said it will add Chiron to the blue-chip S&P 500 index.

Chiron, formerly a member of the S&P mid-cap 400 index, will replace Fort James (FJ) in the S&P 500 after the close of trading on a date to be announced, S&P said. Fort James is being acquired.

Chiron is a biotechnology company that participates in three global health-care markets: biopharmaceuticals, blood testing and vaccines. The company is headquartered in Emeryville, Calif.

Chiron shares fell 13 cents to $38.13 before the announcement.

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