0001437749-13-011737.txt : 20130909 0001437749-13-011737.hdr.sgml : 20130909 20130909070225 ACCESSION NUMBER: 0001437749-13-011737 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20130909 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130909 DATE AS OF CHANGE: 20130909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PDL BIOPHARMA, INC. CENTRAL INDEX KEY: 0000882104 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 943023969 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19756 FILM NUMBER: 131084234 BUSINESS ADDRESS: STREET 1: 932 SOUTHWOOD BLVD CITY: INCLINE VILLAGE STATE: NV ZIP: 89451 BUSINESS PHONE: 775-832-8500 MAIL ADDRESS: STREET 1: 932 SOUTHWOOD BLVD CITY: INCLINE VILLAGE STATE: NV ZIP: 89451 FORMER COMPANY: FORMER CONFORMED NAME: PROTEIN DESIGN LABS INC/DE DATE OF NAME CHANGE: 19930328 8-K 1 pdli20130906_8k.htm FORM 8-K pdli20130906_8k.htm

 


 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): September 9, 2013

 

PDL BioPharma, Inc.

 

(Exact name of Company as specified in its charter)

 

000-19756
(Commission File Number)

 

 

 

 

Delaware

 

94-3023969

(State or Other Jurisdiction of

 

(I.R.S. Employer Identification No.)

Incorporation)

 

 

 

932 Southwood Boulevard
Incline Village, Nevada 89451

(Address of principal executive offices, with zip code)

 

(775) 832-8500
(Company’s telephone number, including area code)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 

 
 

 

 

 

Item 7.01 Regulation FD Disclosure.

 

Press Release

 

On September 9, 2013, PDL BioPharma, Inc. (the Company) issued a press release with revenue guidance for the third quarter ending September 30, 2013. A copy of the press release is attached hereto as Exhibit 99.1.

 

Detailed Product Sales, Royalties and Manufacturing

 

On September 9, 2013, the Company distributed to analysts covering the Company’s securities and posted to its website a summary of certain information underlying the Company’s receipt of royalty payments (the Information Sheet) to assist those analysts and its stockholders in valuing the Company’s securities. The Information Sheet is based on information provided to the Company by its licensees and includes reported net sales revenues by licensed product, royalty revenue by licensed product and where certain licensed products are manufactured and sold. A copy of the Information Sheet is attached hereto as Exhibit 99.2

 

Limitation of Incorporation by Reference

 

In accordance with General Instruction B.2. of Current Report on Form 8-K, the information in Item 7.01 of this report, including Exhibits 99.1 and 99.2, is furnished and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information will not be deemed an admission as to the materiality of any such information that is required to be disclosed solely by Regulation FD.

 

Cautionary Statements

 

This filing, the press release, the Information Sheet and the Company’s statements herein and in the attached press release include and constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could impair the Company’s royalty assets or business and limit the Company’s ability to pay dividends, purchase income generating assets and take other corporate actions are disclosed in the “Risk Factors” contained in the Company’s 2012 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2013, as updated by subsequent filings. All forward-looking statements are expressly qualified in their entirety by such factors. We do not undertake any duty to update any forward-looking statement except as required by law.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.

 

Description

99.1

 

Press Release

     

99.2

 

Information Sheet

 

 

 

 
 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

  PDL BioPharma, inc.  
  (Company)  
        
  By: /s/ Peter S. Garcia  
    Peter S. Garcia  
    Vice President, Chief Financial Officer and  
    Chief Accounting Officer  

 

 

Dated: September 9, 2013

 

 

 

 
 

 

 

 

Exhibit Index

 

Exhibit No.

 

Description

99.1

 

Press Release

     

99.2

 

Information Sheet

 

EX-99 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm

Exhibit 99.1

 

 

 

Contacts:

 

Peter S. Garcia

Jennifer Williams

PDL BioPharma, Inc.  

Cook Williams Communications, Inc.

775-832-8500

360-668-3701

Peter.garcia@pdl.com

Jennifer@cwcomm.org

 

 

PDL BioPharma Provides Third Quarter 2013 Revenue Guidance of $97 Million

 

INCLINE VILLAGE, NV, September 9, 2013PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) today announced revenue guidance for the third quarter ending September 30, 2013, of approximately $97 million, as compared with actual revenue of $85 million for the third quarter of 2012, an approximate 14 percent increase.

 

The forecasted growth in revenues is driven by increased second quarter 2013 sales for Avastin®, Herceptin®, Lucentis®, Xolair®, Kadcyla®, Perjeta®, and Actemra® for which PDL receives royalties in the third quarter of 2013. Sales of Avastin®, Herceptin®, Lucentis®, Xolair®, Perjeta®, and Kadcyla® (the Genentech Products) are subject to a tiered royalty rate for product that is made or sold in the United States and a flat royalty rate of three percent for product that is manufactured and sold outside of the United States (ex-US manufactured and sold). The net sales thresholds and the applicable royalty rates for the Genentech Products are outlined below:  

 

Genentech Products Made or Sold in US

Royalty Rate

Net sales up to $1.5 billion

3.0%

Net sales between $1.5 billion and up to $2.5 billion

2.5%

Net sales between $2.5 billion and up to $4.0 billion

2.0%

Net sales exceeding $4.0 billion

1.0%

   

Genentech Products Made and Sold ex-US

 

Net sales

3.0%

 

The third quarter royalty payment received from Genentech included royalties based on worldwide sales.

 

Revenue guidance for the third quarter of 2013 is net of an estimated payment due under our February 2011 settlement agreement with Novartis AG (Novartis). PDL pays to Novartis certain amounts based on net sales of Lucentis, made by Novartis, during calendar year 2011 and beyond. The amount paid is less than we receive in royalties on such sales.

 

Reported worldwide sales for Avastin sales increased approximately 13 percent in the second quarter of 2013 when compared to the same period in 2012. Ex-U.S. manufactured and sold Avastin sales represented 38 percent of total Avastin sales in the second quarter of 2013 as compared with 29 percent in the second quarter of 2012.

 

Reported worldwide sales for Herceptin increased approximately 1 percent in the second quarter of 2013 when compared to the same period in 2012. Ex-U.S. manufactured and sold Herceptin sales represented 38 percent of total Herceptin sales in the second quarter of 2013 as compared with 37 percent in the second quarter of 2012.

 

Reported worldwide sales for Lucentis increased approximately 9 percent in the second quarter of 2013 when compared to the same period in 2012. All sales of Lucentis were from inventory produced in the United States.

 

 

 
 

 

 

 

Reported worldwide sales for Tysabri®, a Biogen Idec product, decreased approximately 1 percent for the second quarter of 2013 compared to the same period in 2012. Tysabri royalties are determined at a flat rate as a percentage of sales regardless of location of manufacture or sale.

 

The sales information presented above is based on information provided by PDL’s licensees in their quarterly reports to the Company as well as from public disclosures made by PDL’s licensees.

 

About PDL BioPharma

PDL pioneered the humanization of monoclonal antibodies and, by doing so, enabled the discovery of a new generation of targeted treatments for cancer and immunologic diseases. Today, PDL is focused on intellectual property asset management, investing in new income generating assets and maximizing value for its shareholders. For more information, please visit www.pdl.com.

 

NOTE: PDL BioPharma and the PDL BioPharma logo are considered trademarks of PDL BioPharma, Inc.

 

Forward-looking Statements

This press release contains forward-looking statements. Each of these forward-looking statements involves risks and uncertainties. Actual results may differ materially from those, express or implied, in these forward-looking statements. Factors that may cause differences between current expectations and actual results include, but are not limited to, the following:

 

 

The expected rate of growth in royalty-bearing product sales by PDL’s existing licensees;

 

The relative mix of royalty-bearing Genentech products manufactured and sold outside the U.S. versus made or sold in the U.S.;

 

The ability of our licensees to receive regulatory approvals to market and launch new royalty-bearing products and whether such products, if launched, will be commercially successful;

 

The productivity of acquired income generating assets may not fulfill our revenue forecasts and, if secured by collateral, we may be undersecured and unable to recuperate our capital expenditures in the transaction;

 

Changes in any of the other assumptions on which PDL’s projected royalty revenues are based;

 

 

The outcome of pending litigation or disputes, including PDL’s current dispute with Genentech related to ex-U.S. sales of Genentech licensed products;

 

 

The change in foreign currency exchange rate;

 

 

Positive or negative results in PDL’s attempt to acquire income generating assets; and

 

The failure of licensees to comply with existing license agreements, including any failure to pay royalties due.

 

Other factors that may cause PDL's actual results to differ materially from those expressed or implied in the forward-looking statements in this press release are discussed in PDL's filings with the SEC, including the "Risk Factors" sections of its annual report filed with the SEC. Copies of PDL's filings with the SEC may be obtained at the "Investors" section of PDL's website at www.pdl.com. PDL expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in PDL's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based for any reason, except as required by law, even as new information becomes available or other events occur in the future. All forward-looking statements in this press release are qualified in their entirety by this cautionary statement.

EX-99 3 ex99-2.htm EXHIBIT 99.2 ex99-2.htm

Exhibit 99.2

 

Royalty Revenue by Product ($ in 000's) *

 
                                         

Avastin

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    33,234       46,720       32,224       -       112,177  

2012

    23,215       41,670       25,955       30,041       120,882  

2011

    22,283       41,967       23,870       22,886       111,006  

2010

    16,870       44,765       29,989       24,922       116,547  

2009

    13,605       35,161       21,060       15,141       84,966  

2008

    9,957       30,480       19,574       12,394       72,405  

2007

    8,990       21,842       17,478       9,549       57,859  

2006

    10,438       15,572       15,405       12,536       53,952  
                                         

Herceptin

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    30,287       47,353       30,961       -       108,602  

2012

    25,702       44,628       30,433       28,307       129,070  

2011

    25,089       42,209       31,933       21,812       121,042  

2010

    23,402       38,555       27,952       25,441       115,350  

2009

    16,003       32,331       26,830       18,615       93,779  

2008

    14,092       34,383       28,122       20,282       96,880  

2007

    19,035       28,188       22,582       14,802       84,608  

2006

    15,142       19,716       21,557       20,354       76,769  
                                         

Lucentis

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    12,032       30,066       13,536       -       55,633  

2012

    10,791       27,938       12,552       11,097       62,377  

2011

    8,878       24,313       12,157       10,750       56,099  

2010

    7,220       19,091       10,841       8,047       45,198  

2009

    4,621       12,863       8,123       6,152       31,759  

2008

    3,636       11,060       7,631       4,549       26,876  

2007

    2,931       6,543       6,579       3,517       19,570  

2006

    -       -       289       3,335       3,624  
                                         

Xolair

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    5,930       10,025       7,334       -       23,288  

2012

    5,447       8,609       6,504       6,145       26,705  

2011

    4,590       7,621       5,916       5,823       23,949  

2010

    3,723       6,386       4,980       4,652       19,741  

2009

    2,665       5,082       4,085       3,722       15,553  

2008

    1,488       4,866       3,569       2,927       12,850  

2007

    1,684       3,942       3,332       2,184       11,142  

2006

    2,263       2,969       3,041       2,495       10,768  
                                         

Perjeta

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    340       1,414       748       -       2,502  

2012

    -       -       58       250       308  

2011

    -       -       -       -       -  

2010

    -       -       -       -       -  

2009

    -       -       -       -       -  

2008

    -       -       -       -       -  

2007

    -       -       -       -       -  

2006

    -       -       -       -       -  
                                         

Kadcyla

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    -       551       830       -       1,381  

2012

    -       -       -       -       -  

2011

    -       -       -       -       -  

2010

    -       -       -       -       -  

2009

    -       -       -       -       -  

2008

    -       -       -       -       -  

2007

    -       -       -       -       -  

2006

    -       -       -       -       -  
                                         

Tysabri

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    12,965       13,616       11,622       -       38,203  

2012

    11,233       12,202       11,749       12,255       47,439  

2011

    9,891       10,796       11,588       11,450       43,725  

2010

    8,791       8,788       8,735       9,440       35,754  

2009

    6,656       7,050       7,642       8,564       29,912  

2008

    3,883       5,042       5,949       6,992       21,866  

2007

    839       1,611       2,084       2,836       7,370  

2006

    -       -       -       237       237  
                                         

Actemra

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    2,631       2,816       2,939       -       8,386  

2012

    1,705       2,074       2,145       2,462       8,385  

2011

    913       1,136       1,401       1,460       4,910  

2010

    1,587       237       315       688       2,827  

2009

    585       537       909       1,197       3,228  

2008

    44       -       146       369       559  

2007

    32       -       -       17       49  

2006

    -       -       -       -       -  

 

* As reported to PDL by its licensees

   Totals may not sum due to rounding

 
 

 

 

Reported Net Sales Revenue by Product ($ in 000's) *

 
                                         

Avastin

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    1,653,108       1,694,678       1,746,135       -       5,093,921  

2012

    1,502,757       1,573,727       1,551,327       1,662,977       6,290,788  

2011

    1,597,461       1,582,705       1,581,095       1,469,994       6,231,255  

2010

    1,506,788       1,596,892       1,594,707       1,646,218       6,344,605  

2009

    1,345,487       1,295,536       1,439,730       1,514,053       5,594,806  

2008

    980,715       1,084,930       1,180,427       1,239,382       4,485,454  

2007

    678,068       746,587       797,013       875,084       3,096,752  

2006

    439,318       516,052       570,551       592,897       2,118,817  
                                         

Herceptin

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    1,681,574       1,744,145       1,681,860       -       5,107,579  

2012

    1,515,255       1,625,313       1,663,695       1,650,495       6,454,759  

2011

    1,391,568       1,559,975       1,642,898       1,432,771       6,027,211  

2010

    1,270,846       1,349,512       1,300,934       1,409,310       5,330,602  

2009

    1,210,268       1,133,993       1,226,435       1,278,626       4,849,323  

2008

    1,105,426       1,195,215       1,211,982       1,186,806       4,699,428  

2007

    891,761       949,556       979,602       1,015,033       3,835,952  

2006

    529,585       659,719       761,099       803,576       2,753,979  
                                         

Lucentis

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    1,203,179       1,171,423       1,200,791       -       3,575,394  

2012

    1,079,092       1,086,543       1,097,541       1,109,695       4,372,871  

2011

    887,757       943,418       1,052,809       1,075,015       3,958,999  

2010

    721,967       698,890       745,376       804,684       2,970,917  

2009

    462,103       469,736       555,296       615,212       2,102,347  

2008

    363,615       393,682       460,167       454,922       1,672,386  

2007

    224,820       219,579       299,995       322,300       1,066,695  

2006

    -       -       10,689       157,742       168,431  
                                         

Xolair

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    341,309       365,778       391,900       -       1,098,987  

2012

    310,234       314,638       347,796       340,431       1,313,100  

2011

    267,754       277,642       310,874       314,911       1,171,182  

2010

    228,859       225,878       251,055       263,389       969,179  

2009

    184,669       181,086       211,006       219,693       796,454  

2008

    137,875       169,521       177,179       183,753       668,329  

2007

    129,172       130,700       144,250       147,754       551,876  

2006

    95,241       99,354       112,608       118,002       425,204  
                                         

Perjeta

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    34,008       55,076       66,353       -       155,437  

2012

    -       -       5,080       25,000       30,079  

2011

    -       -       -       -       -  

2010

    -       -       -       -       -  

2009

    -       -       -       -       -  

2008

    -       -       -       -       -  

2007

    -       -       -       -       -  

2006

    -       -       -       -       -  
                                         

Kadcyla

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    -       21,459       73,626       -       95,085  

2012

    -       -       -       -       -  

2011

    -       -       -       -       -  

2010

    -       -       -       -       -  

2009

    -       -       -       -       -  

2008

    -       -       -       -       -  

2007

    -       -       -       -       -  

2006

    -       -       -       -       -  
                                         

Tysabri

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    434,677       451,358       387,407       -       1,273,442  

2012

    374,430       401,743       391,623       408,711       1,576,508  

2011

    329,696       356,876       388,758       381,618       1,456,948  

2010

    293,047       287,925       293,664       316,657       1,191,292  

2009

    221,854       229,993       257,240       285,481       994,569  

2008

    129,430       163,076       200,783       233,070       726,359  

2007

    30,468       48,715       71,972       94,521       245,675  

2006

    -       -       -       7,890       7,890  
                                         

Actemra

 

Q1

   

Q2

   

Q3

   

Q4

   

Total

 

2013

    87,703       91,374       97,961       -       277,038  

2012

    56,662       66,624       71,505       82,053       276,843  

2011

    30,433       35,370       46,709       48,671       161,183  

2010

    52,908       5,405       10,493       22,919       91,725  

2009

    19,504       17,920       30,313       39,888       107,625  

2008

    1,452       1,377       5,981       12,305       21,115  

2007

    -       -       -       1,137       1,137  

2006

    -       -       -       -       -  

 

* As reported to PDL by its licensee. Dates in above charts reflect when PDL receives royalties on sales. Sales occurred in the quarter prior to the dates in the above charts.

   Totals may not sum due to rounding

 
 

 

 

 

 

Manufacturing Location & Sales - Genentech / Roche & Novartis ($ in 000's) *

             

 

Avastin Sales

 

2012 - Q2

   

2012 - Q3

   

2012 - Q4

   

2013 - Q1

   

2013 - Q2

   

2013 - Q3

 

US Made & Sold

    724,483       679,914       710,501       664,109       750,491       716,337  

US Made & ex-US Sold

    532,979       428,976       281,905       161,369       165,651       360,177  

ex-US Made & Sold

    316,265       442,437       670,572       827,629       778,536       669,621  

Total

    1,573,727       1,551,327       1,662,977       1,653,108       1,694,678       1,746,135  

US Made & Sold

    46 %     44 %     43 %     40 %     44 %     41 %

US Made & ex-US Sold

    34 %     28 %     17 %     10 %     10 %     21 %

ex-US Made & Sold

    20 %     29 %     40 %     50 %     46 %     38 %
                                                 

Herceptin Sales

 

2012 - Q2

   

2012 - Q3

   

2012 - Q4

   

2013 - Q1

   

2013 - Q2

   

2013 - Q3

 

US Made & Sold

    497,109       503,612       515,790       514,113       583,677       518,790  

US Made & ex-US Sold

    466,477       545,625       552,127       486,400       563,243       522,159  

ex-US Made & Sold

    661,727       614,459       582,578       681,060       597,225       640,911  

Total

    1,625,313       1,663,695       1,650,495       1,681,574       1,744,145       1,681,860  

US Made & Sold

    31 %     30 %     31 %     31 %     33 %     31 %

US Made & ex-US Sold

    29 %     33 %     33 %     29 %     32 %     31 %

ex-US Made & Sold

    41 %     37 %     35 %     41 %     34 %     38 %
                                                 

Lucentis Sales

 

2012 - Q2

   

2012 - Q3

   

2012 - Q4

   

2013 - Q1

   

2013 - Q2

   

2013 - Q3

 

US Made & Sold

    412,131       385,746       381,592       392,207       419,030       449,834  

US Made & ex-US Sold

    674,411       711,795       728,103       810,972       752,393       750,958  

ex-US Made & Sold

    -       -       -       -       -       -  

Total

    1,086,543       1,097,541       1,109,695       1,203,179       1,171,423       1,200,791  

US Made & Sold

    38 %     35 %     34 %     33 %     36 %     37 %

US Made & ex-US Sold

    62 %     65 %     66 %     67 %     64 %     63 %

ex-US Made & Sold

    0 %     0 %     0 %     0 %     0 %     0 %
                                                 

Xolair Sales

 

2012 - Q2

   

2012 - Q3

   

2012 - Q4

   

2013 - Q1

   

2013 - Q2

   

2013 - Q3

 

US Made & Sold

    193,600       211,702       210,892       207,976       218,860       236,180  

US Made & ex-US Sold

    -       -       -       -       -       -  

ex-US Made & Sold

    121,039       136,094       129,540       133,333       146,918       155,720  

Total

    314,638       347,796       340,431       341,309       365,778       391,900  

US Made & Sold

    62 %     61 %     62 %     61 %     60 %     60 %

US Made & ex-US Sold

    0 %     0 %     0 %     0 %     0 %     0 %

ex-US Made & Sold

    38 %     39 %     38 %     39 %     40 %     40 %
                                                 

Perjeta Sales

 

2012 - Q2

   

2012 - Q3

   

2012 - Q4

   

2013 - Q1

   

2013 - Q2

   

2013 - Q3

 

US Made & Sold

    -       5,080       24,571       32,377       48,979       49,111  

US Made & ex-US Sold

    -       -       428       1,632       6,096       17,242  

ex-US Made & Sold

    -       -       -       -       -       -  

Total

    -       5,080       25,000       34,008       55,076       66,353  

US Made & Sold

    0 %     100 %     98 %     95 %     89 %     74 %

US Made & ex-US Sold

    0 %     0 %     2 %     5 %     11 %     26 %

ex-US Made & Sold

    0 %     0 %     0 %     0 %     0 %     0 %
                                                 

Kadcyla Sales

 

2012 - Q2

   

2012 - Q3

   

2012 - Q4

   

2013 - Q1

   

2013 - Q2

   

2013 - Q3

 

US Made & Sold

    -       -       -       -       21,459       72,887  

US Made & ex-US Sold

    -       -       -       -       -       739  

ex-US Made & Sold

    -       -       -       -       -       -  

Total

    -       -       -       -       21,459       73,626  

US Made & Sold

    0 %     0 %     0 %     0 %     100 %     99 %

US Made & ex-US Sold

    0 %     0 %     0 %     0 %     0 %     1 %

ex-US Made & Sold

    0 %     0 %     0 %     0 %     0 %     0 %
                                                 

Total Sales

 

2012 - Q2

   

2012 - Q3

   

2012 - Q4

   

2013 - Q1

   

2013 - Q2

   

2013 - Q3

 

US Made & Sold

    1,827,323       1,786,053       1,843,345       1,810,783       2,042,496       2,043,139  

US Made & ex-US Sold

    1,673,867       1,686,395       1,562,564       1,460,373       1,487,383       1,651,276  

ex-US Made & Sold

    1,099,031       1,192,990       1,382,690       1,642,023       1,522,679       1,466,252  

Total

    4,600,221       4,665,438       4,788,598       4,913,178       5,052,559       5,160,667  

US Made & Sold

    40 %     38 %     38 %     37 %     40 %     40 %

US Made & ex-US Sold

    36 %     36 %     33 %     30 %     29 %     32 %

ex-US Made & Sold

    24 %     26 %     29 %     33 %     30 %     28 %

 

* As reported to PDL by its licensee. Dates in above charts reflect when PDL receives royalties on sales. Sales occurred in the quarter prior to the dates in the above charts.                                                

   Totals may not sum due to rounding   

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