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PDL BioPharma Appoints Karen J. Wilson as Vice President, Finance and Principal Accounting Officer
Date:4/29/2009

omposed of at least three independent directors. Jody Lindell, president and chief executive officer of S.G. Management, Inc., will serve as audit committee chair and its financial expert. She is a certified public accountant and formerly served as a director and on the audit and director's loan committees for First Republic Bank, which was a publicly traded financial institution that has since been acquired. Ms. Lindell continues to serve on the advisory board and advisor's loan committee for First Republic. She has also served as a director and member of the audit and organization and compensation committees of The Cooper Companies since March 2006.

Other audit committee members include independent directors Frederick Frank, vice chairman of the Peter J. Solomon Company, and former vice chairman of Barclays Capital and Lehman Brothers before its acquisition by Barclays Capital; and Paul Sandman, former general counsel of Boston Scientific Corporation.

About PDL BioPharma, Inc.

PDL BioPharma was a pioneer in the humanization of monoclonal antibodies and, by doing so, enabled the discovery of a new generation of targeted treatments for cancer and immunologic diseases. PDL is focused on maximizing the value of its antibody humanization patents and related assets. The company receives royalties on sales of a number of humanized antibody products marketed today, and also may receive royalty payments on additional humanized antibody products launched before patent expiry in late 2014. For more information, please visit www.pdl.com.

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


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SOURCE PDL BioPharma, Inc.
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