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Optimer Pharma exploring sale, shares jump
(Reuters) - Optimer Pharmaceuticals Inc (OPTR.O) said it was exploring a possible sale of the company among a full range of alternatives and that Chairman Henry McKinnell would act as chief executive for the duration of the review process.
Optimer shares were up 11.6 percent at $11.95 in premarket trading.
McKinnell will replace Pedro Lichtinger, who has been at the helm since 2010.
J.P. Morgan and Centerview Partners will advise Optimer on the process, with Sullivan & Cromwell LLP serving as legal adviser.
(Reporting by Zeba Siddiqui in Bangalore; Editing by Joyjeet Das)
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