PDL BioPharma Inc. (PDLI)

[surf1944]

7:33AM PDL BioPharma provides $70 mln in financing to Durata Therapeutics (DRTX) (PDLI) 8.34 : Co announced that it closed a financing transaction with Durata Therapeutics (DRTX). Under the credit agreement, PDL will provide Durata with up to $70 million of debt financing with a five year term and will receive interest on the principal amount outstanding and a security interest in substantially all of Durata's assets.