<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from statement of operations and balance sheet and is qualified in its entirety by reference to such 10Q. </LEGEND> <CIK> 0000882104 <NAME> Protein Design Labs, Inc. <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 6,735 <SECURITIES> 92,723 <RECEIVABLES> 2,881 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 102,339 <PP&E> 16,362 <DEPRECIATION> (8,391) <TOTAL-ASSETS> 110,310 <CURRENT-LIABILITIES> 5,003 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 157 <OTHER-SE> 105,150 <TOTAL-LIABILITY-AND-EQUITY> 110,310 <SALES> 0 <TOTAL-REVENUES> 16,130 <CGS> 0 <TOTAL-COSTS> 26,112 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (9,982) <INCOME-TAX> 0 <INCOME-CONTINUING> (9,982) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,982) <EPS-PRIMARY> (.64) <EPS-DILUTED> (.64)