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PDL BioPharma Inc. Announces Exchange Offer for Its 2.875% Convertible Senior Notes Due February 15, 2015
Date:11/15/2011

f any such state.

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.

Forward-Looking Statements

This press release contains forward-looking statements. Each of these forward-looking statements involves risks and uncertainties. Actual results may differ materially from those, express or implied, in these forward-looking statements. Factors that may cause differences between current expectations and actual results include, but are not limited to, the following:

  • PDL's ability to protect its patent and other intellectual property rights through litigation or other means;
  • PDL's ability to acquire new patents and the cost thereof;
  • the validity and enforceability of PDL's supplementary protection certificates;
  • continued market acceptance of products sold by PDL's licensees upon which it receives royalties, approval of their licensed products that are in development and continued performance by our licensees of their obligations under their agreements with PDL;
  • the ability of PDL's licensees to maintain or obtain regulatory approvals;
  • changes in the third-party reimbursement environment;
  • expiration of PDL's existing patents;
  • the payment of dividends or distributions to PDL's stockholders;
  • failure to meet securities analyst or investor expectations;
  • delisting from the NASDAQ Global Select Market;
  • fluctu
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SOURCE PDL BioPharma, Inc.
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