BIIB - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Biogen Inc. (BIIB) | Benzinga
LOS ANGELES, June 14, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming July 22, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Biogen Inc. ("Biogen" or the "Company") (NASDAQ:BIIB) securities between February 3, 2022 and February 13, 2024, inclusive (the "Class Period").
If you suffered a loss on your Biogen investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Biogen-Inc-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On November 8, 2023, Biogen released its third quarter 2023 financial results, including negatively revised non-GAAP diluted EPS guidance for 2023. On this news, Biogen's stock price fell $13.92, or 5.7%, to close at $231.69 per share on November 8, 2023, thereby injuring investors.
Then, on January 8, 2024, Biogen's CEO disclosed challenges with the Company's launch of its Alzheimer's disease treatment, Leqembi, dissolving prior expectations of having 10,000 patients on the drug by the end of March 2024. On this news, Biogen's stock price fell $10.77, or 4.2%, over three consecutive trading days to close at $247.21 per share on January 11, 2024.
Then, on January 31, 2024, Biogen announced that it was discontinuing the development and commercialization of its drug, Aduhelm and had "recorded a one-time charge of approximately $60 million related to ...
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