Adma Biologics posts 3Q profit

RAMSEY, N.J. (AP) _ Adma Biologics Inc. (ADMA) on Friday reported third-quarter net income of $15.2 million, after reporting a loss in the same period a year earlier.

The Ramsey, New Jersey-based company said it had net income of 59 cents per share.

The infectious disease drug developer posted revenue of $4.7 million in the period.

In the final minutes of trading on Friday, the company's shares hit $2.24. A year ago, they were trading at $5.07.

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