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Financial Report: PDL BioPharma

Royalty revenues up 19% in the quarter

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By: Tim Wright

Editor-in-Chief, Contract Pharma

PDL BioPharma

1Q Revenues: $91.8 million (+19%)

1Q Earnings: $53.5 million (+33%)

Comments: Royalty revenues were up 19% driven by increased royalties from Avastin, Herceptin, Lucentis, Tysabri, and Actemra.

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