Breaking News

PDL BioPharma Appoints Senior Advisor

By Kristin Brooks | February 14, 2014

Hoffman brings more than 25 years of experience

PDL BioPharma, Inc. has retained Stephen J. Hoffman, M.D., Ph.D. as senior advisor to the company. PDL aims to acquire income-generating assets to grow shareholder value. Dr. Hoffman brings more than 25 years of experience in pharma and biopharma investing and leadership.
 
Dr. Hoffman was most recently a managing director at Palo Alto-based venture capital firm, Skyline Ventures. Prior to Skyline, he was a general partner of TVM Capital. Dr. Hoffman was also the founding president, chief executive officer, and director of Allos Therapeutics, Inc., where he served as chairman until 2012.
 
"Steve is an excellent addition to our team. His experiences, from running Allos Therapeutics to his many years of investing in biotech, will provide PDL with additional strength in our asset acquisition program, both in terms of breadth of knowledge and his network of industry contacts in biotech and pharma," said John P. McLaughlin, president and chief executive officer of PDL. "To date, in our asset acquisition program, we have deployed almost $500 million, $368 million of which was in 2013. Our primary focus is to bring in additional assets that will allow us to extend our ability to pay dividends to our shareholders."
blog comments powered by Disqus
  • Staying Ahead in the Small Molecule Space

    Staying Ahead in the Small Molecule Space

    Dr. Matthew Moorcroft, VP Global Marketing, Cambrex||September 8, 2016
    Understand what is happening in the market and react accordingly

  • FDA & Drug Development

    FDA & Drug Development

    Rachelle Du2019Souza, Regulatory Heights Inc.||September 8, 2016
    You must perform the necessary due diligence to stay on top of regulatory developments

  • Patent Law  and Contract Manufacturing

    Patent Law and Contract Manufacturing

    Beverly W. Lubit, Member of the Firm, Chiesa Shahinian & Giantomasi||September 8, 2016
    Analyzing the impact of The Medicines Co. vs. Hospira Inc. decision