gtucker8585

[TimAlerts] $PDLI - The drug was previously marketed by Novartis and had estimated global sales in 2015 of $154 million. Co's equity investment will ultimately result in an 88% equity interest in Noden. Given this anticipated majority ownership by PDL, the financial statements of Noden will be consolidated with PDL, which is expected to be immediately accretive to co's cash earnings.

gtucker8585

[TimAlerts] $PDLI news - PDL BioPharma to make initial $107 mln equity investment in Noden Pharma, a new privately held co that has executed a purchase agreement with Novartis

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