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Zacks PEG Ratio Strategy Highlights: Concho Resources, Petro-Canada, PDL BioPharma, Cimarex Energy

CHICAGO--(BUSINESS WIRE)--If you like to use a company’s P/E ratio to determine its value, then you’ll love using the PEG

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PDL BioPharma's Partnership Makes Sense

Bristol-Myers assumes some of the risk of developing a drug for bone marrow cancer.

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Bristol-Myers Squibb And PDL BioPharma Enter Global Alliance To Develop Novel Treatment For Multiple Myeloma

Bristol-Myers Squibb Company (NYSE: BMY) and PDL BioPharma, Inc. (NASDAQ: PDLI) today announced an agreement for the global development and commercialization of PDL BioPharma's anti-CS1 antibody, elotuzumab, previously known as HuLuc63, currently in Phase I development for multiple myeloma.

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Bristol-Myers Ponies Up for Elotuzumab

Eben Tessari submits: Bristol-Myers Squibb (BMY) and PDL BioPharma (PDLI) announced an agreement for the global development and commercialization of PDL BioPharma’s anti-CS1 antibody, elotuzumab (HuLuc63), currently in Phase I development for multiple myeloma. Does someone have some cash burning a hole in their knickers? BMS has been on fire in the last six months divesting non-core assets, buying...

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BMS inks $710M development deal with PDL

Bristol-Myers Squibb is paying $30 million upfront in a licensing deal for PDL BioPharma's experimental blood cancer vaccine elotuzumab. And will it pay up to $680 million more if the Phase I cancer therapy hits all of its development and sales milestones. The anti-CS1 antibody binds to a protein that plays a key role in multiple myeloma, flagging it for destruction by the human immune system. BMS...

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Biotech Stocks: Drug stocks move into negative territory

Drug stocks wandered into negative territory early Wednesday while shares of PDL Biopharma gained modestly on news that it has entered into a development agreement with Bristol-Myers Squibb for one of its oncology agents.

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PDL BioPharma: PDL BioPharma Announces Investor Conference Call Today

REDWOOD CITY, CA (MARKET WIRE) PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) will hold an investor conference call and webcast today at 5:00 p.m. Eastern time following today's announcement of a collaboration agreement with Bristol-Myers Squibb Company for the co-development and commercialization of elotuzumab, PDL's phase 1 antibody candidate for multiple myeloma, and an option, exercisable by Bristol-Myers...

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When Breaking Up Isn't Hard to Do

PDL BioPharma and Enzon look to spin off parts of their business.

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PDL BioPharma Q2 profit jumps to $33.9M

PDL BioPharma Inc. on Monday reported second quarter net income of $33.9 million, or 24 cents a share, compared to $10.9 million, or 9 cents a share in the same period last year. (PDLI) (DNA)

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PDL BioPharma: PDL BioPharma Reports Second Quarter 2008 Financial Results

REDWOOD CITY, CA (MARKET WIRE) PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) today reported financial results for the quarter ended June 30, 2008. The financial results for continuing operations are summarized below; the complete financial results, including discontinued operations, are included in the financial tables accompanying this press release.

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PDL BioPharma: PDL BioPharma Appoints Gary A. Lyons to Its Board of Directors

REDWOOD CITY, CA (MARKET WIRE) PDL BioPharma, Inc. (NASDAQ: PDLI) today announced the appointment of Gary A. Lyons to the company's board of directors. The board also elected Mr. Lyons to serve as chairperson of the Compensation Committee, and as a member of the board's Nominating and Governance Committee.

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PDL BioPharma's outside directors get $10K per month boost

PDL BioPharma Inc. will temporarily pay its outside directors a supplemental $10,000-per-month retainer. (PDLI)

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PDL BioPharma's outside directors get $10K per month boost

PDL BioPharma Inc. will temporarily pay its outside directors a supplemental $10,000-per-month retainer. (PDLI)

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Biotech Stocks: Drug stocks edge higher; PDL Biopharma slides

Drug stocks climb into positive territory while shares of PDL Biopharma fall following an analyst downgrade.

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Drug stocks climb into positive territory

BOSTON (MarketWatch) -- Drug stocks climbed into positive territory early Friday while shares of PDL Biopharma fell following an analyst downgrade. The Amex Pharmaceutical Index edged up 0.8% to 286.4 and the Amex Biotechnology Index rose 1.1% to 748.4 during a relatively calm morning for the sectors on Wall Street. PDL Biopharma was the notable decliner amongst the large cap biotech companies, down...