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PDL BioPharma Inc (PDLI.OQ)

PDLI.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

NODEN PHARMA ANNOUNCES U.S. FDA APPROVAL OF TEKTURNA ORAL PELLETS
Wednesday, 15 Nov 2017 10:37am EST 

Nov 15 (Reuters) - Noden Pharma DAC::NODEN PHARMA ANNOUNCES FDA APPROVAL OF TEKTURNA®(ALISKIREN) ORAL PELLETS FOR THE TREATMENT OF HYPERTENSION IN ADULTS AND CHILDREN 6 YEARS OF AGE AND OLDER.NODEN PHARMA DAC SAYS PLANS TO MAKE TEKTURNA ORAL PELLETS AVAILABLE IN 2018​.‍NODEN PHARMA DAC SAYS NEW FORMULATION AND PEDIATRIC INDICATION WERE APPROVED THROUGH FDA PRIORITY REVIEW PROCESS​.  Full Article

PDL Biopharma urges Neos Therapeutics to provide update on sale process
Wednesday, 8 Nov 2017 08:00am EST 

Nov 8 (Reuters) - PDL Biopharma :PDL Biopharma's proposal to acquire Neos Therapeutics expires today; PDL urges Neos to provide update on sale process.Reiterated that its proposal to acquire Neos Therapeutics Inc for $10.25 per share in cash will expire today at market close​.Decided it will not extend deadline for, or otherwise alter, its proposal​.  Full Article

PDL Biopharma Inc reports Q3 revenue $62.7 million
Thursday, 2 Nov 2017 04:02pm EDT 

Nov 2 (Reuters) - PDL Biopharma Inc :PDL Biopharma Inc announces third quarter 2017 financial results.Q3 revenue $62.7 million.PDL Biopharma Inc - ‍qtrly GAAP diluted EPS of $0.14​.  Full Article

PDL Biopharma issues response to Neos Therapeutics rejection of PDL acquisition proposal
Monday, 30 Oct 2017 04:39pm EDT 

Oct 30 (Reuters) - Pdl Biopharma Inc :PDL Biopharma issues statement in response to Neos Therapeutics rejection of PDL acquisition proposal.PDL Biopharma Inc - ‍PDL's proposal to Neos remains outstanding through November 8, 2017 & co will evaluate "all of its options" in interim​.  Full Article

PDL Biopharma announces settlement agreement with Valeant
Monday, 30 Oct 2017 07:00am EDT 

Oct 30 (Reuters) - PDL Biopharma Inc :PDL Biopharma announces settlement agreement with Valeant.PDL Biopharma - ‍Valeant to pay a one-time, lump-sum payment of $13.0 million as part of settlement.PDL Biopharma - ‍Valeant's one-time, lump-sum payment will be transferred to co pursuant to terms of Depomed royalty agreement.PDL Biopharma - ‍Valeant's one-time, lump-sum payment to co will not recognized as revenue by Depomed​.PDL - ‍depomed, co to release Valeant from claims against it arising from royalty audit, Valeant's obligation to pay royalties during audit period​.PDL Biopharma Inc- ‍valeant will release Depomed, co from all claims against them as a result of audit and/or litigation​.PDL - ‍entered into settlement with Valeant that resolves matters relating to "alleged underpayment of royalties by Valeant"​.  Full Article

Neos Therapeutics‍ confirms it got unsolicited proposal from PDL Biopharma
Thursday, 26 Oct 2017 10:02am EDT 

Oct 26 (Reuters) - Neos Therapeutics Inc ::Says confirmed it received unsolicited proposal from PDL Biopharma to buy co for $10.25 per share in cash​.Says Neos board will respond to PDL proposal received on Oct 26 in due course​.  Full Article

PDL BioPharma proposes to acquire Neos Therapeutics for $10.25 per share
Thursday, 26 Oct 2017 08:30am EDT 

Oct 26 (Reuters) - Pdl Biopharma Inc :PDL Biopharma proposes to acquire NEOS THERAPEUTICS for $10.25 per share in cash.PDL Biopharma Inc - ‍PDL proposal is not subject to any financing conditions​.PDL Biopharma Inc - ‍PDL proposal will remain outstanding for a period of fourteen days​.PDL BioPharma Inc - ‍on June 23, 2017, PDL formally proposed to acquire Neos for $10.25 per share, a proposal Neos Board promptly rejected​.PDL BioPharma Inc - ‍reconfirming proposal to purchase Neos Therapeutics for a cash purchase price of $10.25 per share​.PDL BioPharma Inc - ‍following Neos' dilutive financing at $6.25 per share, PDL maintained its $10.25 proposal to Board​.  Full Article

PDL BioPharma enters into a note purchase agreement with Mam-Kangaroo lender
Thursday, 21 Sep 2017 04:12pm EDT 

Sept 21 (Reuters) - PDL BioPharma Inc :PDL BioPharma Inc says ‍on September 21, co entered into a note purchase agreement with Mam-Kangaroo lender - SEC filing​.PDL BioPharma Inc - ‍Pursuant to note purchase agreement, purchaser paid to co an aggregate cash purchase price of $141.7 million​.  Full Article

PDL Biopharma qtrly GAAP diluted EPS of $0.39
Thursday, 3 Aug 2017 04:02pm EDT 

Aug 3 (Reuters) - PDL Biopharma Inc :PDL Biopharma announces second quarter 2017 financial results.Q2 revenue $143.8 million.PDL Biopharma Inc qtrly GAAP diluted EPS of $0.39.  Full Article

PDL BioPharma says co, Noden Pharma DAC agreed to terminate investment and stockholder's agreement dated July 1, 2016
Monday, 12 Jun 2017 04:26pm EDT 

June 12 (Reuters) - Pdl Biopharma Inc :Pdl biopharma- on june 7, co, noden pharma dac agreed to terminate investment and stockholder's agreement dated july 1, 2016 among co, noden, elie farah.  Full Article