PDL BioPharma (PDLI) Misses Q4 EPS by 53c
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PDL BioPharma Reports 2019 Fourth Quarter and Full Year Financial Results and Announces Plan to Dissolve the Company by Year-End 2020
March 11, 2020 4:05 PM EDTINCLINE VILLAGE, Nev., March 11, 2020 /PRNewswire/ --Â PDL BioPharma, Inc. ("PDL" or "the Company") (Nasdaq: PDLI) provides an update on its strategic plans and reports financial results for the three and twelve months ended December 31, 2019:
Strong Start in the Implementation of Monetization Strategy - Accelerating Completion Timeline
In September 2019, the Company engaged financial advisors and initiated a review of its strategy; this review was completed in December 2019. At such time, management and the board of directors decided to halt the execution of the Company's growth strategy, cease making... More
