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RELATED PARTY TRANSACTIONS (Details Textual)
3 Months Ended
Mar. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
Oct. 31, 2014
USD ($)
a
Oct. 03, 2014
USD ($)
Related Party Transaction [Line Items]          
Other research and development $ 11,230,415 $ 8,279,431      
Prepaid Research And Development 10,979,437   $ 9,151,142    
Prepaid Rent 1,151,163   0    
LFB License Agreement [Member]          
Related Party Transaction [Line Items]          
Other research and development 0 $ 161,000      
Shared Services Agreement [Member]          
Related Party Transaction [Line Items]          
Costs and Expenses, Related Party 100,000        
Global Collaboration Agreement [Member]          
Related Party Transaction [Line Items]          
Accounts Payable 100,000        
Opus [Member]          
Related Party Transaction [Line Items]          
Accounts Payable 100,000        
Costs and Expenses, Related Party 100,000        
LFB Group [Member]          
Related Party Transaction [Line Items]          
Accounts Payable 100,000   2,100,000    
Prepaid Research And Development 4,400,000   $ 3,000,000    
Desk Agreement [Member]          
Related Party Transaction [Line Items]          
Costs and Expenses, Related Party $ 100,000        
Average Annual Rental Payments         $ 1,100,000
Security Deposit       $ 600,000  
Percentage of Occupancy 45.00%       45.00%
Accounts Payable, Related Parties, Current $ 1,000,000        
Lessee Leasing Arrangements, Operating Leases, Term of Contract 15 years        
Area of Land | a       24,000  
Operating Lease, Initial Commitment Period 0 years        
Prepaid Rent $ 1,200,000