Biogen Inc. Litigation, Case No. 22-cv-10200-WGY

SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION

TO: ALL PURCHASERS AND ACQUIRERS OF BIOGEN INC. COMMON STOCK BETWEEN JUNE 8, 2021 AND JULY 12, 2021, INCLUSIVE.

A Federal Court authorized this notice. This is not a solicitation from a lawyer.


Please read this notice carefully. An $18.9 million settlement has been reached for investors in Biogen Inc. common stock between June 8, 2021 and July 12, 2021. If you are a member of the Class, your legal rights will be affected whether you act or not.

Notice of Settlement:You are hereby notified that a hearing will be held on September 29, 2026, at 2:00 p.m., before the Honorable William G. Young, at the United States District Court, District of Massachusetts, John Joseph Moakley U.S. Courthouse, 1 Courthouse Way, Boston, MA 02210, Courtroom 18 – 5th Floor, to determine whether:

(1) the proposed settlement (the “Settlement”) of the above-captioned Action as set forth in the Stipulation and Agreement of Class Action Settlement, dated June 5, 2026 (“Stipulation”) for $18.9 million in cash should be approved by the Court as fair, reasonable, and adequate;

(2) the Judgment as provided under the Stipulation should be entered dismissing the Action with prejudice;

(3) to award Lead Counsel attorneys’ fees and expenses out of the Settlement Fund (as defined in the Notice of Proposed Settlement of Class Action (“Notice”), which is discussed below) and, if so, in what amounts;

(4) to award Lead Plaintiff expenses pursuant to 15 U.S.C. §78u-4(a)(4) in relation to their representation of the Class out of the Settlement Fund and, if so, in what amount; and

(5) the Plan of Allocation should be approved by the Court as fair, reasonable, and adequate.

It is possible that the Court may decide to change the date and/or time of the Settlement Hearing, conduct the Settlement Hearing by video or telephonic video conference, or otherwise allow Class Members to appear at the hearing by telephone or video conference, without further written notice to the Class. To determine whether the date and time of the Settlement Hearing have changed, or whether Class Members must or may participate by telephone or video, it is important that you monitor the Court’s docket and the website, www.BiogenSecuritiesLitigation.com, for any update before making any plans to attend the Settlement Hearing.

IF YOU PURCHASED OR ACQUIRED BIOGEN INC. (“BIOGEN”) COMMON STOCK BETWEEN JUNE 8, 2021 AND JULY 12, 2021, INCLUSIVE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION

Proof of Claim: To share in the distribution of the Net Settlement Fund, you must establish your rights by submitting a Proof of Claim and Release form (“Proof of Claim”) by mail (postmarked no later than September 24, 2026) or electronically via the website (no later than 11:59 ET on September 24, 2026). Failure to submit your Proof of Claim by September 24, 2026 will subject your claim to rejection and preclude you from receiving any of the recovery in connection with the Settlement of this Action.

If you purchased or acquired Biogen common stock during the period between June 8, 2021 and July 12, 2021, inclusive, and do not request exclusion from the Class, you will be bound by the Settlement and any judgment and release entered in this Action, including, but not limited to, the Judgment, whether or not you submit a Proof of Claim.

Notice: The Notice, which more completely describes the Settlement and your rights thereunder (including your right to object to the Settlement), the Proof of Claim, the Stipulation (which, among other things, contains definitions for the defined terms used in this Summary Notice), and other important documents, may be accessed online at www.BiogenSecuritiesLitigation.com, or by writing to or calling:

Biogen Securities Litigation Settlement
c/o Strategic Claims Services
P.O. Box 230
600 N. Jackson St., Ste. 205
Media, PA 19063
1-866-274-4004

Inquiries should NOT be directed to Defendants, the Court, or the Clerk of the Court. Inquiries other than requests for the Notice or for a Proof of Claim may be made to Lead Counsel:

Block & Leviton LLP
Michael D. Gaines
260 Franklin Street, Suite 1860
Boston, MA 02110
(617) 398-5600
michael@blockleviton.com

Exclusion: If you desire to be excluded from the Class, you must submit a request for exclusion such that it is received by August 25, 2026, in the manner and form explained in the Notice. All Class members will be bound by the Settlement even if they do not submit a timely Proof of Claim.

Objections:If you are a Class member, you have the right to object to the Settlement, the Plan of Allocation, the request by Lead Counsel for an award of attorneys’ fees, and/or the request for an award to Lead Plaintiff in connection with its representation of the Class. Any objections must be filed with the Court and sent to Lead Counsel and Defendants’ counsel such that they are received by September 8, 2026, in the manner and form explained in the Notice available at www.BiogenSecuritiesLitigation.com.

Important Dates

Your Legal Rights and Options in the Settlement
Submit a claim.
Submit a Claim Form so that it is postmarked (if mailed) or received (if submitted online) no later than September 24, 2026.
This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Class Member and you remain in the Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiff Claims (defined in the Notice) that you have against Defendants and the other Released Defendant Parties (defined in the Notice), so it is in your interest to submit a Claim Form.
Exclude yourself.
Exclude yourself from the Class by submitting a written exclusion so that it is received by no later than August 25, 2026.
If you exclude yourself from the Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Released Defendant Parties concerning the Released Plaintiff Claims.
Object.
Object to the Settlement by submitting a written objection so that it is received no later than September 8, 2026.
If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of litigation expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Class Member and do not exclude yourself from the Class.
Appear at a hearing.
Attend a hearing on September 29, 2026 at 2:00 p.m., and file a Notice of Intention to Appear so that it is received no later than September 8, 2026.
Filing a written objection and notice of intention to appear by September 8, 2026 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of litigation expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.
Do nothing. If you are a member of the Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.