Optimer Pharmaceuticals Inc. plunged the most in almost a month after the maker of the antibiotic Dificid stripped Michael Chang of his chairmanship and fired the chief financial officer and a vice president.
Tenaga Nasional Bhd., Malaysia’s biggest power producer, plans to raise as much as 5 billion ringgit ($1.7 billion) from a 20-year ringgit-denominated Islamic bond offering, its chief executive officer said today.
Optimer Pharmaceuticals Inc., the antibiotics maker that’s weighing a sale, drew interest from drugmakers including GlaxoSmithKline Plc and Japan’s Astellas Pharma Inc., said two people familiar with the matter. The shares gained the most in more than four years.
Malaysia plans to raise as much as 30 billion ringgit ($9.9 billion) through an Islamic bond program to fund construction of a mass railway in the Southeast Asian nation’s capital, the project’s manager said.