ICN Pharmaceuticals reported that its net income...

ICN Pharmaceuticals reported that its net income fell 46% to $3 million in the second quarter ended May 31, compared to $5.6 million in the same period a year earlier. Revenue was up 9% to $44.5 million from $40.7 million. The Costa Mesa-based pharmaceutical company blamed the reduced earnings partly on higher research costs associated with the development of ribavirin, a compound used to treat infants and young children with lower respiratory tract infections.