PDL BioPharma, Inc. (PDLI) Announces Third Quarter 2012 Financial Results
11/6/2012 9:35:10 AM
INCLINE VILLAGE, Nev., Nov. 5, 2012 /PRNewswire/ -- PDL BioPharma, Inc. (PDL)
(NASDAQ: PDLI) today reported financial results for the third quarter and nine
months ended September 30, 2012.
Royalty revenues for the third quarter of 2012 increased two percent to $85.2
million from $83.4 million reported in the third quarter of 2011. For the
first nine months of 2012, royalty revenues increased three percent to $288.5
million from $278.8 million reported in the comparable period of 2011. Total
revenue for the first nine months of 2012 of $288.5 million is flat when
compared to total revenue for the first nine months of 2011 of $289.2 million,
as a result of a one-time settlement payment of $10 million from UCB Pharma
received in 2011.
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