INCLINE VILLAGE, Nev.,
Nov. 6, 2020 /PRNewswire/ -- PDL
BioPharma, Inc. ("PDL" or "the Company") (Nasdaq: PDLI) announces
it has rescheduled the date for announcing third quarter 2020
financial results and holding a conference call to Wednesday, November 11, 2020. PDL will
issue its third quarter 2020 financial results news release on
November 11 after market close, and
PDL's management will host a conference call and webcast that same
day at 4:30 p.m. Eastern time to
discuss those financial results and provide an update on its
progress in monetizing the Company's assets. A slide
presentation to accompany the call will be available via the
webcast link on the PDL website at http://www.pdl.com/.
As a result of the approval of the Company's stockholders on
August 19, 2020 to pursue dissolution
of the Company, PDL's basis of accounting transitioned effective
September 1, 2020 from the going
concern basis of accounting to the liquidation basis of accounting
in accordance with U.S. Generally Accepted Accounting Principles.
Activities associated with the third quarter earnings release are
being rescheduled to November 11 due
to the time needed to work through the complexities of switching to
the liquidation basis of accounting.
Previously these activities were scheduled for Monday, November
9. Please note that if you pre-registered for the
November 9 conference call, as
described below, you will receive an updated calendar invitation
via email from the conference call vendor with the new date and
time. Please accept that invitation and there is no need to
pre-register again.
Conference Call Details
We encourage participants to
pre-register for the conference call using the following link:
https://dpregister.com/sreg/10149211/db6bb6ea0d. Callers who
pre-register will be given a conference passcode and unique PIN to
gain immediate access to the call and bypass the live operator.
Participants may pre-register at any time, including up to
and after the call start time.
Those who choose not to pre-register can access the live
conference by dialing (833) 685-0901 from the United States or (412) 317-5734
internationally. The conference ID is 10149211. Please
dial in approximately 10 minutes prior to the start of the
call. A telephone replay will be available for one week
following the call and may be accessed by dialing (877)
344-7529 from the United
States, (855) 669-9658 from Canada or (412) 317-0088 internationally. The
replay passcode is 10149211.
To access the live and subsequently archived webcast of the
conference call, go to "Events & Presentations" on the
Company's website. Please connect to the website at least 15
minutes prior to the call to allow for any software download that
may be necessary.
About PDL BioPharma
Throughout its history, PDL's
mission has been to improve the lives of patients by aiding in the
successful development of innovative therapeutics and healthcare
technologies. PDL BioPharma was founded in 1986 as Protein
Design Labs, Inc. when it pioneered the humanization of monoclonal
antibodies, enabling the discovery of a new generation of targeted
treatments that have had a profound impact on patients living with
different cancers as well as a variety of other debilitating
diseases. In 2006, the Company changed its name to PDL
BioPharma, Inc.
As of December 2019, PDL ceased
making additional strategic transactions and investments and is
pursuing a formal process to unlock the value of its portfolio by
monetizing its assets and ultimately distributing net proceeds to
stockholders in the form of cash or equity. On August 19, 2020, PDL announced at the Company's
2020 Annual Meeting of Stockholders approval by stockholders for a
Plan of Dissolution authorizing the Company to liquidate and
dissolve the Company in accordance with the Plan of
Dissolution.
For more information please visit https://www.pdl.com/
NOTE: PDL, PDL BioPharma, the PDL logo and associated
logos and the PDL BioPharma logo are trademarks or registered
trademarks of, and are proprietary to, PDL BioPharma, Inc. which
reserves all rights therein.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/pdl-biopharma-reschedules-third-quarter-2020-financial-results-and-business-update-301168097.html
SOURCE PDL BioPharma, Inc.