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JMP Says Executive Removals Will Not Materially Impact Optimer (OPTR)

April 9, 2012 12:58 PM EDT
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Price: $12.78 --0%

Rating Summary:
    3 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 7 | New: 31
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JMP Securities' Liisa Bayko came to the defense of Optimer Pharma (Nasdaq: OPTR) Monday amid a 7 percent decline in the stock following news of the removal of the company's Chairman Michael Chang, CFO John Prunty and VP Youe-Kong Shue.

Bayko reassured the managerial shake up will not be an issue for the development of dificid and will not have a material impact on Optimer's stock.

JMP maintains a Market Outperform rating and $22 price target on shares of Optimer Pharma.

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