PDL BioPharma (PDLI)

Business description

PDL has reinvented itself through a three-pronged strategy: investing in royalty streams of marketed and development-stage therapeutics and providing high-yield debt financing to device & diagnostic companies with near-term product launches.

Stock data

Market cap.US$376.7m
Last closeUS$2.34
High / Low (52 weeks)US$3.7 / US$2.0
Stock market listingUS
Forecast net cash (US$m)153.4
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual4.95.4(29.7)
Relative *3.83.3(39.2)

* % Relative to local index

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Company news

PDL BioPharma: Now Is The Time To Buy

Thu, 18 May 2017 17:37:30 GMT

PDL BioPharma Announces First Quarter 2017 Financial Results

Wed, 03 May 2017 20:03:45 GMT

PDL BioPharma: 2017 Could Be A Game-Changer

Fri, 03 Mar 2017 15:22:30 GMT

Here's Why PDL BioPharma Inc. Imploded and Fell 32% in November

Fri, 02 Dec 2016 15:22:30 GMT

Seizert Capital Partners LLC Takes Position in PDL BioPharma Inc (PDLI)

Tue, 30 May 2017 04:41:15 GMT

Investment summary

PDL BioPharma recently reported Q117 earnings. Its subsidiary Noden Pharma (of which it currently owns 98%) started commercialization efforts for the Tekturna franchise in late February with a ~40 person salesforce and has co-pay cards and 30-day starter pack vouchers in place. It is too early to tell how successful they have been, but physician feedback and recent prescription data have been positive. Also, the company continues to receive royalty payments for Tysabri for longer than expected; it was paid $14.2m in Q117. It is also set to receive $19.5m as part of a patent settlement with Merck related to Keytruda.

Last updated on 10/05/2017

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 590.4 550.4 530.1 203.69 1.1 1.3
2016A 244.3 193.1 175.5 77.72 3.0 3.8
2017E 182.1 97.5 78.5 34.42 6.8 5.4
2018E 142.2 57.1 39.6 20.21 11.6 16.3

Last updated on 10/05/2017

Latest video

Executive Interview - PDL BioPharma

Industry outlook

PDL BioPharma is one of the only companies that will give broad exposure to diverse royalty streams as well as corporate debt and high margin approved products.

Last updated on 02/05/2017

Key management

John Mclaughlin, CEO
Peter Garcia , CFO

Company address

932 Southwood Blvd.
Incline Village
NV 89451
United States
775-832-8500
View website