PDL BioPharma Announces November 6 Webcast of Third Quarter 2008 Financial Results Conference Call
           

<p>REDWOOD CITY, CA--(Marketwire - October 24, 2008) -  PDL BioPharma, Inc. (PDL) (<exchange name="NASDAQ">NASDAQ</exchange>: <ticker name="PDLI">PDLI</ticker>)
today announced that it will release its financial results for the third
quarter 2008 following the close of the U.S. financial markets on Thursday,
November 6, 2008.  Following the release, PDL will hold a conference call
at 4:30 p.m. Eastern time to discuss these financial results and provide an
update on company activities. Faheem Hasnain, president and CEO, Mark
McCamish, M.D., Ph.D., senior vice president and CMO, and Andrew
Guggenhime, senior vice president and CFO, will conduct the call.

           

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