QUARTERLY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

Table Text Block Supplement [Abstract]

Schedule of Quarterly Financial Information

	3 Months Ended
	March 31, 2016			June 30, 2016			September 30, 2016			December 31, 2016
License revenue	$	38,095		$	38,095		$	38,096		$	38,095
Total costs and expenses		14,030,251			16,061,538			24,963,567			24,066,153
Net loss	$	(13,848,662	)	$	(15,899,062	)	$	(24,831,027	)	$	(23,674,143	)
Basic and diluted net loss per common share	$	(0.28	)	$	(0.33	)	$	(0.50	)	$	(0.48	)

	3 Months Ended
	March 31, 2015			June 30, 2015			September 30, 2015			December 31, 2015
License revenue	$	38,095		$	38,095		$	38,096		$	38,095
Total costs and expenses		14,640,946			17,149,675			13,863,680			17,678,096
Net loss	$	(14,577,735	)	$	(17,103,183	)	$	(13,655,916	)	$	(17,611,812	)
Basic and diluted net loss per common share	$	(0.35	)	$	(0.38	)	$	(0.28	)	$	(0.37	)