PDL BioPharma (PDLI) Misses Q1 EPS by 31c

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PDL BioPharma Reports 2020 First Quarter Financial Results

May 7, 2020 4:06 PM EDT

INCLINE VILLAGE, Nev., May 7, 2020 /PRNewswire/ -- PDL BioPharma, Inc. ("PDL" or "the Company") (Nasdaq: PDLI) reports financial results for the three months ended March 31, 2020 and provides a business update:

In March 2020, the Company announced that its Board of Directors (the "Board") approved a Plan of Complete Liquidation and passed a resolution to seek stockholder approval at its next Annual Meeting of Stockholders to dissolve the Company under Delaware state law in the event the Board concludes that the whole Company sale process is unlikely to maximize the... More