Nuvelo Securities Litigation

On June 20, 2011, the Court granted final approval to a settlement in the amount of $8.9 million in In re Nuvelo, Inc. Securities Litigation, 07-CV-4056, on behalf of a Class of persons who purchased the publicly traded securities of Nuvelo, Inc. (“Nuvelo”) (NASDAQ: NUVO) between January 5, 2006 and December 8, 2006. Plaintiffs filed a motion for final approval of the settlement on May 6, 2011. The Court granted final approval of the settlement on June 20, 2011.

In order to participate in the distribution of the settlement, Class Members were required to have submitted a Proof of Claim Form to the Claims Administrator’s Office, post-marked no later than July 22, 2011.