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Optimer Pharmaceuticals Reports Third Quarter 2012 Financial Results
Date:11/1/2012

JERSEY CITY, N.J., Nov. 1, 2012 /PRNewswire/ -- Optimer Pharmaceuticals, Inc. (NASDAQ: OPTR) today announced the Company's financial results for the quarter ended September 30, 2012.

(Logo: http://photos.prnewswire.com/prnh/20090413/LA97352LOGO)

Third Quarter 2012 Financial Highlights:

  • DIFICID® gross sales in the U.S. and Canada of $18.7 million and net sales of $16.0 million, represent increases of 3.9% and 4.9% over the second quarter, respectively
  • Estimated DIFICID ex-wholesaler and ex-specialty pharmacy treatments shipped in the third quarter to U.S. and Canadian purchasing customers, including hospitals, retail pharmacies and long-term care facilities, increased by approximately 7.2% compared to the second quarter
  • Contract revenues from collaborations, which include royalties and bulk pharmaceutical sales, were $1.9 million
  • Total revenues were $17.9 million
  • Cash, cash equivalents and short-term investments at September 30 totaled $98.2 million
  • Net loss for the third quarter was $26.8 million, or $0.56 per share
  • Financial Overview
    Total revenues for the three months ended September 30, 2012 and 2011 were $17.9 million and $11.1 million, respectively, an increase of $6.8 million.  In the three months ended September 30, 2012, we recognized $16.0 million of net product sales of DIFICID in the U.S. and Canada.  We recognize product sales of DIFICID upon delivery of product to our wholesalers and specialty pharmacies. In addition, we recognized $1.9 million in contract revenue under our collaborations with Astellas Pharmaceuticals Europe Ltd., Astellas Pharma, Inc. and Specialized Therapeutics Australia, Pty. Ltd.

    We reported a net loss for the third quarter of 2012 of $26.8 million, or $0.56 per share on both
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    SOURCE Optimer Pharmaceuticals, Inc.
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