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STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities:    
Net loss $ (22,630) $ (13,256)
Reconciliation of net loss to net cash used in operating activities:    
Change in fair value of warrant liability (267)   
Depreciation and amortization 961 810
Amortization of net premiums on investments 232   
Gain on disposal of property and equipment (43) (19)
Deferred rent 458 251
Non-cash stock-based compensation 1,121 1,176
Changes in operating assets and liabilities:    
Restricted cash 986   
Accounts receivables 104 467
Unbilled receivables (245) (2,395)
Prepaid expenses and other assets 702 58
Accounts payable and accrued expenses (40) 461
Deferred revenue (258)   
Lease incentives received 703 2,101
Net cash used in operating activities (18,216) (10,346)
Investing Activities:    
Capital expenditures (3,157) (1,076)
Proceeds from disposal of property and equipment 81 167
Proceeds from maturities of investments 9,649 2,500
Purchases of investments (14,754) (9,389)
Net cash used in investing activities (8,181) (7,798)
Financing Activities:    
Principal payments of capital lease (29)   
Principal payments of notes payable (136) (20)
Proceeds from notes payable 1,450 100
Restricted cash (1) (755)
Net proceeds from sales of common stock, net of offering costs of $0.3 million and $0.3 million, respectively 10,018 20,023
Proceeds from the exercise of stock options 270 26
Net cash provided by financing activities 11,572 19,374
Net (decrease) increase in cash and cash equivalents (14,825) 1,230
Cash and cash equivalents at beginning of period 17,399 14,104
Cash and cash equivalents at end of period 2,574 15,334
Supplemental disclosure of non-cash activities:    
Property and equipment purchases included in accounts payable and accrued expenses 1,026 278
Deposit applied towards the purchase of laboratory equipment    500
Supplemental disclosure of cash flow information:    
Cash payments of interest $ 61