PDL BioPharma, Inc. Appoints Gary A. Lyons to Its Board of Directors

REDWOOD CITY, CA--(Marketwire - July 17, 2008) - PDL BioPharma, Inc. (NASDAQ: PDLI) today announced the appointment of Gary A. Lyons to the company’s board of directors. The board also elected Mr. Lyons to serve as chairperson of the Compensation Committee, and as a member of the board’s Nominating and Governance Committee.

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