BURLINGAME, Calif. (AP) _ Innoviva Inc. (INVA) on Wednesday reported first-quarter profit of $15.8 million.

On a per-share basis, the Burlingame, California-based company said it had net income of 20 cents. Earnings, adjusted to extinguish debt, were 42 cents per share.

The biopharmaceutical company posted revenue of $90.1 million in the period.

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