Press Release Details

PDL BioPharma Completes Regular Quarterly Dividend Payment

September 15, 2011
PDL BioPharma Completes Regular Quarterly Dividend PaymentINCLINE VILLAGE, Nev., Sept. 15, 2011 /PRNewswire via COMTEX/ -- PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) today announced that it has paid the September 15, 2011, regular quarterly dividend payment of $0.15 per share to all stockholders owning shares of PDL as of September 8, 2011, the record date.

About PDL BioPharma

PDL pioneered the humanization of monoclonal antibodies and, by doing so, enabled the discovery of a new generation of targeted treatments for cancer and immunologic diseases. Today, PDL is focused on intellectual property asset management, investing in new royalty bearing assets and maximizing the value of its patent portfolio and related assets. For more information, please visit www.pdl.com.

NOTE: PDL BioPharma and the PDL BioPharma logo are considered trademarks of PDL BioPharma, Inc.

Contacts:

Cris Larson
PDL BioPharma, Inc.
775-832-8505
cris.larson@pdl.com

Jennifer Williams
Cook Williams Communications, Inc.
360-668-3701
jennifer@cwcomm.org

SOURCE PDL BioPharma, Inc.