Ariad Pharmaceuticals has inked a deal with PDL BioPharma, trading a long-term royalty on its only marketed drug in exchange for money to develop another.
Even friends have disputes over money sometimes. That's what's happening with PDL BioPharma and Roche's Genentech: PDL wants to take Genentech to arbitration for underpaying royalties, the AP reports.
Which pharma is the most profitable? You might be surprised. A new analysis of net margins by EvaluatePharma tagged companies for profitability, and the winner wasn't one of the biggies. Not Pfizer,
Just three weeks out of the gate, Redwood City, CA-based Facet Biotech has announced a new restructuring plan. The PDL BioPharma spin-off says it has completed its strategic business review and it
PDL BioPharma has spun off its biotech business into Facet Biotech Corp. Facet will be based in PDL's Redwood City, CA offices while the rest of the company moves to Incline Village, NV. Facet was
Bristol-Myers Squibb is paying $30 million upfront in a licensing deal for PDL BioPharma's experimental blood cancer vaccine elotuzumab. And will it pay up to $680 million more if the Phase I cancer
The folks at Bristol-Myers Squibb have apparently been shopping: the company will buy the rights
After struggling for months to sell the company or some of its assets, PDL BioPharma has announced plans to spin off its biotech operations into a publicly-traded company. The new company will be
> PDL BioPharma says it will pay four top executives nearly $1 million in bonuses through the end of next year to keep them on board as the company undergoes a transformation into an antibody
The troubled PDL BioPharma has put out the 'for sale' sign in an attempt to find a buyer for the company as a whole or of its key assets. This comes in addition to an earlier announcement that PDL