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PDL BioPharma Announces Participation at the Citigroup 2007 Healthcare Conference and Webcast Presentation on May 23

    FREMONT, Calif., May 18 /PRNewswire-FirstCall/ -- PDL BioPharma, Inc.
(PDL) (Nasdaq: PDLI) today announced that Mark McDade, chief executive
officer, will participate in the upcoming Citigroup 2007 Healthcare
Conference in New York on Wednesday, May 23, 2007, at 8:00 a.m. Eastern
time.
    The live webcast of the presentation will be available through the PDL
website: http://www.pdl.com. Please connect to this website at least 15
minutes prior to the live webcast to allow time for any software download
that may be needed to hear the webcast. A replay will be available at
http://www.pdl.com starting approximately one hour after completion of the
webcast.
    About PDL BioPharma
    PDL BioPharma, Inc. is a biopharmaceutical company focused on
discovering, developing and commercializing innovative therapies for severe
or life-threatening illnesses. Commercially focused in the acute-care
hospital setting, PDL markets and sells its portfolio of products in the
United States and Canada. A pioneer of antibody humanization technology,
PDL promotes this technology through licensing agreements and clinical
development of its own diverse pipeline of investigational compounds. PDL's
research platform centers on the discovery and development of antibodies to
treat cancer and autoimmune diseases. For more information, please visit
http://www.pdl.com.
    NOTE: PDL BioPharma and the PDL logo are considered trademarks of PDL
BioPharma, Inc.


SOURCE PDL BioPharma, Inc.




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Related links:
  • http://www.pdl.com
    CONTACT:
    Ami Knoefler, Corporate and Investor
    Relations, +1-510-284-8851, ami.knoefler@pdl.com, or Jean Suzuki,
    Investor Relations, +1-510-574-1550, jean.suzuki@pdl.com, both of
    PDL BioPharma, Inc.