This Pteranodon is part of the Jurassic Park: Dinosaurs toy line from 1999. In fact it’s one of the few I own from that line and it’s not even in its package (I’m a vivid “mint in box” collector). It came with a big lot I purchased years ago.
LEGO’s all into using IP’s these days for its toy releases. Can you imagine walking into a toy store and not seeing a LEGO set based on Disney, Marvel, DC or Star Wars? And now there are even (very popular) Jurassic World sets.