RAMSEY, N.J. (AP) — RAMSEY, N.J. (AP) — Adma Biologics Inc. (ADMA) on Thursday reported first-quarter net income of $17.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Ramsey, New Jersey-based company said it had net income of 8 cents.
The infectious disease drug developer posted revenue of $81.9 million in the period.
Adma Biologics shares have increased 53% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.93, a climb of 100% in the last 12 months.
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