Galen shares rise by 3.81%

SHARES in Galen Holdings increased by 3.81% yesterday after the company announced better-than-expected results in its final quarter.

Fourth-quarter profits jumped almost sevenfold as demand increased for its birth control and premenstrual syndrome pills.

Net income increased to $33.9 million, or 18.4 cents a share, in the three months ended September 30, from $4.9 million, or 2.7 cents, in the same period last year.