RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2014
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 13. RELATED PARTY TRANSACTIONS There were no related party transactions in 2014. In 2013, Burrill Securities acted as a financial advisor to PDL in connection with the PDL transaction. Burrill Securities is the merchant banking division of Burrill & Company. G. Steven Burrill, a former director of the Company, was at the time of the PDL transaction a director of the Company and the Chief Executive Officer and sole shareholder of Burrill & Company. The Board of Directors was aware of Burrill & Company's interest in the transaction and Mr. Burrill recused himself from all deliberations and actions taken by the Board of Directors with respect to the transaction. Burrill Securities' engagement with PDL in the transaction was led by Fredrick Frank, the Chairman of Burrill Securities and a former member of the Board of Directors of PDL. The Company was informed that Burrill Securities received a fee of up to $500,000 from PDL in connection with the transaction.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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