About PDL BioPharma

PDL BioPharma, Inc. is in the process of dissolution. As of December 2019, the company 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. History The company was founded in 1986. It was incorporated in 1986 under the laws of the state of Delaware. The company was formerly known as Protein Design Labs, Inc. and changed its name to PDL BioPharma, Inc. in 2006.