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Optimer Pharmaceuticals Reports First Quarter 2009 Financial Results
Date:5/7/2009

---- Revenues: Research grants $83,012 $486,666 Operating expenses: Research and development 8,798,582 6,905,376 Marketing 310,286 365,568 General and administrative 2,048,500 1,737,051 --------- --------- Total operating expenses 11,157,368 9,007,995 ---------- --------- Loss from operations (11,074,356) (8,521,329) Interest income and other, net 186,968 581,284 ------- ------- Net loss (10,887,388) (7,940,045) =========== ========== Basic and diluted net loss per share $(0.36) $(0.28) ====== ====== Shares used to compute basic and diluted net loss per share 30,535,577 27,869,675 ========== ========== Optimer Pharmaceuticals, Inc. Condensed Consolidated Balance Sheets March 31, December 31, 2009 2008 ---- ---- (unaudited) ASSETS Current assets: Cash and cash equivalents $46,788,899 $16,778,880 Short-term investments 15,794,624 22,547,515 Prepaid expenses and other current assets 682,419
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SOURCE Optimer Pharmaceuticals, Inc.
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