PDL BioPharma (PDLI) Tops Q4 EPS by 7c
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PDL BioPharma Announces Fourth Quarter and Full Year 2015 Financial Results
February 22, 2016 4:02 PM ESTINCLINE VILLAGE, Nev., Feb. 22, 2016 /PRNewswire/ -- PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) today reported financial results for the fourth quarter and twelve months ended December 31, 2015.
Total revenues in 2015 increased two percent to $590.4 million from $581.2 million in 2014. Revenues for the year ended December 31, 2015 included $485.2 million in royalties from PDL's licensees to the Queen et al. patents, $68.4 million in net royalty payments from acquired royalty rights and a change in fair value of the royalty rights assets, which included approximately $43.4 million in net cash royalty payments, $36.2 million in interest revenue from notes receivable... More
