PDL BioPharma (PDLI) Misses Q3 EPS by 21c, Revenues Beat

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PDL BioPharma Reports 2019 Third Quarter Financial Results

November 6, 2019 4:05 PM EST

INCLINE VILLAGE, Nev., Nov. 6, 2019 /PRNewswire/ -- PDL BioPharma, Inc. ("PDL" or "the Company") (Nasdaq: PDLI) reports financial results for the three and nine months ended September 30, 2019:

Third Quarter Financial Highlights

Total revenues were $44.2 million, including $20.3 million in product revenue and $23.9 million in revenue from royalty rights - change in fair value. LENSAR revenues were $8.1 million, up 22% over the prior-year period. U.S. market share for branded Tekturna and authorized generic of Tekturna remained steady at approximately 73%. Net cash royalties from all... More