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Optimer Pharmaceuticals Reports Second Quarter 2011 Financial Results

scope and timelines, the ability of Optimer and its third party contractors to manufacture and supply sufficient quantities of DIFICID in accordance with Good Manufacturing Practices to meet demand, whether healthcare professionals will prescribe DIFICID, whether DIFICID will receive reimbursement coverage from healthcare payors and government agencies, the extent to which DIFICID will be accepted on hospital formularies, Optimer's ability to successfully manage a sales and marketing organization and other risks detailed in Optimer's filings with the Securities and Exchange Commission.

Optimer Pharmaceuticals, Inc.
David Walsey, Vice President, Investor Relations and Corporate Communications

Canale Communications, Inc.
Jason I. Spark, Senior Vice President
619-849-6005Optimer Pharmaceuticals, Inc.Consolidated Statements of Operations(unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2011201020112010Revenues:Licensing

- $
- $69,165,000 $
- Research grants

33,294357,436144,933654,873   Total revenues

33,294357,43669,309,933654,873Cost and expenses:   Cost of licensing

--4,273,532-Research and development


6,974,322656,46410,407,915925,058General and administrative

7,506,5253,686,44215,786,7076,075,154Total operating expenses

25,051,48310,762,15749,509,29924,781,042Income (loss) from operations

(25,018,189)(10,404,721)19,800,634(24,126,169)Interest income and other, net

95,86053,719119,10278,497Consolidated net income (loss)

$ (24,922,329)$  (10,351,002)$19,919,736$(24,047,672)Net loss attributable to noncontrolling interest

683,483290,105974,288491,020Net income (loss) attributable to Optimer Pharmaceuticals, Inc.

$ (24,238,846)$  (10,060,897)$20,894,024$(23,556,652)Net income (loss) per share - basic

SOURCE Optimer Pharmaceuticals, Inc.
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3. Optimer Pharmaceuticals to Present at the Jefferies 2011 Global Healthcare Conference
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7. Optimer Pharmaceuticals and Cubist Pharmaceuticals Announce Collaboration to Co-Promote DIFICID™ (Fidaxomicin) for Clostridium difficile Infection in the United States
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