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MedImmune Profits Surge

First-quarter revenue rises 15%.



, the vaccine maker set to be acquired by


(AZN) - Get Report

, says first-quarter earnings more than tripled while revenue advanced 15% from a year ago.

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The announcement was devoid of drama because

MedImmune had preannounced its results on April 9.

At the same time, the quarterly report was short on details because AstraZeneca made a $15.6 billion

takeover bid for the company last week. As a consequence, MedImmune canceled its May 3 conference call with analysts to discuss the financial results.

For those still keeping score, MedImmune earned $160 million, or 66 cents a share, on revenue of $574.8 million for the three months ended March 31. For the same period last year, the Gaithersburg, Md., company earned $47 million, or 18 cents a share, on revenue of $498 million.

Worldwide sales of MedImmune's biggest product, Synagis, rose 9% year over year to $507 million. Synagis prevents respiratory syncytial virus, a dangerous lung disease in infants and young children. Most of its sales are recorded in the U.S.