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Optimer Reports Fourth Quarter and Fiscal Year 2012 Financial Results
Date:2/28/2013

JERSEY CITY, N.J., Feb. 28, 2013 /PRNewswire/ -- Optimer Pharmaceuticals, Inc. (NASDAQ: OPTR) announced today unaudited financial results for the fourth quarter and fiscal year ended December 31, 2012.  

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Financial Highlights

  • 2012 DIFICID net product sales in the U.S. and Canada of $62.4 million, compared to $21.5 million in 2011
  • A 14.3% increase in U.S. and Canadian DIFICID shipments in the fourth quarter, resulting in net sales of $16.8 million
  • 2012 contract revenue from collaborations, which include up-front payments, milestones, royalties and product sales, were $39.1 million
  • 2012 total revenues were $101.5 million
  • Cash, cash equivalents and short-term investments at December 31, 2012 totaled $124.0 million
  • 2012 net loss was $37.0 million, or $0.78 per share, and 2012 net income for the fourth quarter was $1.0 million, $0.02 per share
  • "2012 was an exciting year for Optimer.  DIFICID is now available in over a dozen countries," said Dr. Henry McKinnell, Optimer's CEO and Chairman of the Board.  "In the U.S. we will be focusing on improving the formulary status of DIFICID in the hospital marketplace and on expanding the use of this important new medicine in all channels."

    Financial Overview 
    Total revenue for the years ended December 31, 2012 and 2011 was $101.5 million and $145.0 million, respectively.  Total revenue for the fourth quarter 2012 and 2011 was $19.5 million and $64.6 million, respectively.  The decreases were due to a reduction in contract revenue, which in 2011 included $122.7 million from the Astellas Pharma Europe (APEL) agreement, offset by increases in
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    SOURCE Optimer Pharmaceuticals, Inc.
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