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

ract revenue

2,621,958-Other

-2,106Total revenues

19,435,49414,382,647Cost and expenses:Cost of product sales

1,634,4541,216,524Cost of contract revenue

1,656,0461,067,736Research and development

9,886,18511,067,967Selling, general and administrative

33,999,73325,522,282Co-promotion expenses with Cubist

3,750,00010,081,583Total operating expenses

50,926,41848,956,092Loss from operations

(31,490,924)(34,573,445)Gain of de-consolidation of OBI

-23,782,229Equity in net loss of OBI

-(485,969)Interest income and other, net

159,22576,387Consolidated net loss

$ (31,331,699)$  (11,200,798)Net loss attributable to non-controlling interest

-280,344Net loss attributable to Optimer Pharmaceuticals, Inc.

$ (31,331,699)$  (10,920,454)Net income (loss) per share - basic and diluted

$
(0.65)$
(0.23)Weighted average number of shares used to compute net  income (loss) per share - basic and diluted

47,884,21046,722,617Optimer Pharmaceuticals, Inc.Condensed Consolidated Balance SheetsMarch 31,December 31,20132012(unaudited)ASSETSCurrent assets:Cash and cash equivalents

$   87,964,542$ 119,444,586Short-term investments

5,385,1094,556,329Trade accounts receivable, net

7,062,7617,119,089Accounts receivable, other

3,939,2202,391,071Inventory

22,142,84615,061,771Prepaid expenses and other current assets

2,943,3883,442,717Total current assets

129,437,866152,015,563Property and equipment, net 

4,027,3554,338,720Long-term investments

-820,000Deferred tax assets, non-current

890,843890,843Other assets

1,070,3881,362,196Total assets

$ 135,426,452$ 159,427,322LIABILITIES  AND STOCKHOLDERS' EQUITY Current liabilities:Accounts payable

$
3,728,709$
7,166,127Accrued expenses


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SOURCE Optimer Pharmaceuticals, Inc.
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