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Optimer Pharmaceuticals Reports Third Quarter 2009 Financial Results

h submissions will be accepted or approved, Optimer's ability to enter into partnerships on favorable terms or at all, and other risks detailed in Optimer's filings with the Securities and Exchange Commission.


    Optimer Pharmaceuticals, Inc.
    John Prunty, CFO & VP, Finance
    Christina Donaghy, Corporate Communications Manager

    Porter Novelli Life Sciences
    Jason I. Spark, Vice President
                          Optimer Pharmaceuticals, Inc.
                      Consolidated Statements of Operations

                            Three Months Ended          Nine Months Ended
                               September 30,               September 30,
                               -------------               -------------
                             2009         2008          2009          2008
                             ----         ----          ----          ----
      Research grants     $176,202     $239,212      $583,992      $844,675
       agreements                -            -       100,000        50,000
                               ---          ---       -------        ------
        Total revenues     176,202      239,212       683,992       894,675
    Operating expenses:
      Research and
       development       7,192,383    7,877,906    26,519,447    21,003,764
      Marketing            393,864      415,916     1,179,212     1,695,400
      General and
       administrative    2,030,137    1,544,925     5,949,946     4,803,422
                         ---------    ---------     ---------     ---------
        Total operating
         expenses        9,616,384    9,838,747    33,648,605    27,502,586
                         ---------    ---------    ----------    ----------
    Loss from
     operations         (9,440,182)  (9,599,535)  (32,964,613)  (26,607,911)
SOURCE Optimer Pharmaceuticals, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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