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QED International Associates Announces Changes to the HealthShares(TM) Composite and HealthShares(TM) Respiratory/Pulmonary Indexes

NEW YORK, Jan. 29 /PRNewswire/ -- QED International Associates, Inc, administrator for the HealthShares(TM) Indexes, a series of 20 underlying indexes for the HealthShares(TM) Exchange-Traded Funds, today announced that effective at the opening of trading on Thursday January 31, 2008 KV Pharmaceutical Company (NYSE: KV-A) will replace Adams Respiratory Therapeutics (Nasdaq: ARXT) in the HealthShares(TM) Composite Index. Watson Pharmaceuticals Inc. (NYSE: WPI) will also replace Adams Respiratory Therapeutics in the HealthShares(TM) Respiratory/Pulmonary Index. Adams Respiratory Therapeutics is being acquired by Reckitt Benckiser Group PLC (London Stock Exchange: RB.L)

The HealthShares(TM) Composite Index consists of the 80 largest companies by market capitalization that are engaged in healthcare, life sciences and/or biotechnology that are part of the 20 Composite eligible Indexes.

Companies included in the HealthShares(TM) Respiratory/Pulmonary Index are engaged in the research, development, and/or commercialization of therapeutic agents treating various respiratory and/or pulmonary diseases including, but not limited to, asthma, chronic obstructive pulmonary disease, emphysema, tuberculosis and pulmonary arterial hypertension.

About QED International Associates

QED International, based in New York, is a leading financial industry consulting firm specializing in quantitative modeling and the design, development and maintenance of indexes and Exchange Traded Funds. For more information, visit the company's website at

SOURCE QED International Associates, Inc
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