RAMSEY, N.J. (AP) — RAMSEY, N.J. (AP) — Adma Biologics Inc. (ADMA) on Wednesday reported second-quarter net income of $34.2 million.
On a per-share basis, the Ramsey, New Jersey-based company said it had profit of 14 cents. Earnings, adjusted for non-recurring costs, came to 15 cents per share.
The infectious disease drug developer posted revenue of $122 million in the period.
Adma Biologics shares have climbed 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.54, an increase of 56% in the last 12 months.
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