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Optimer Reports First Quarter 2013 Financial Results
Date:5/9/2013

JERSEY CITY, N.J., May 9, 2013 /PRNewswire/ -- Optimer Pharmaceuticals, Inc. (NASDAQ: OPTR) announced today unaudited financial results for the first quarter ended March 31, 2013.  

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

Financial Highlights

  • First quarter 2013 DIFICID net product sales in the U.S. and Canada of $16.8 million, compared to $14.4 million in 2012
  • First quarter 2013 total net revenues of $19.4 million
  • Cash, cash equivalents and short-term investments at March 31, 2013 totaled $93.3 million
  • 2013 net loss for the first quarter was $31.3 million, or $0.65 per share
  • "Net product sales in the first quarter of $16.8 million were essentially flat from the fourth quarter.  We believe net product sales, which are derived from shipments to wholesalers and specialty pharmacies, were negatively impacted by an inventory sell-down by wholesalers. We saw a nearly 5% increase in demand for DIFICID during the quarter, as determined by estimated shipments from wholesalers to hospitals and retail and long-term care pharmacies, and we see continuing increased demand through April," said Dr. Henry McKinnell , Optimer's CEO and Chairman of the Board. "As we move toward mid-year and beyond, I am confident that if we maintain our focus on establishing DIFICID as an important treatment option for patients with CDAD, including execution on the strategic initiatives started in the latter part of 2012, we will improve adoption of DIFICID."

    Financial OverviewTotal net revenues for the quarters ended March 31, 2013 and 2012 were $19.4 million and $14.4 million, respectively, an increase of $5.0 million.  The inc
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    SOURCE Optimer Pharmaceuticals, Inc.
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