QDIS Blog

A blog about chemistry, drug development, science, and technology

October 3, 2007

PDL up for sale

by @ 12:20 pm.  Filed under Pharma News, Pharma

Looks like PDL Biophrma after going through some tough times and laying-off people is finally up for sale. Here are just some of the articles recently.

PDL to lay off 250, sell four drugs, shift focus - San Francisco Business Times
PDL BioPharma up for sale - Examiner.com
San Jose Mercury News - PDL for sale; CEO quits
San Jose Mercury News - PDL BioPharma’s investors urge company’s sale, executive ousters

This is case from my perspective of poor management which went on for quite a while until finally the major investors forced the ouster of the top two officers. Now it seems that the company’s only real option is to put themselves up for sale.

This will be interesting to watch and I’m not sure how it will shake out. The latest rumors are that Roche may be interested in PDL, but they have refused to comment.

Roche declines comment on PDL BioPharma deal rumours, analysts see …

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Email Ed Vawter



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