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Revenues up 18% in the quarter
March 4, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
PDL BioPharma 4Q Revenues: $86.0 million (+18%) 4Q Earnings: $49.4 million (+27%) FY Revenues: $374.5 million (+3%) FY Earnings: $211.7 million (+6%) Comments: Growth in the quarter was primarily driven by increased royalties from sales of Herceptin and Avastin, which are marketed by Genentech and Roche. Royalty revenues for the year were up 7%....
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