Costa Mesa-based ICN Pharmaceuticals Inc. reported first-quarter...

Costa Mesa-based ICN Pharmaceuticals Inc. reported first-quarter income of $4.6 million, a decline of $900,000 from the comparable period in 1987. The company cited higher interest expense, increased investments in research and development, a larger sales payroll and lower profit margins. ICN Pharmaceuticals develops, manufactures and markets pharmaceutical and biomedical products and services.