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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE:        
Commercial revenue $ 5,278,704 $ 1,951,892 $ 10,022,779 $ 3,782,039
Developmental revenue 5,973,711 6,494,937 10,830,176 8,911,440
Total revenue 11,252,415 8,446,829 20,852,955 12,693,479
OPERATING EXPENSES:        
Cost of chemicals sold 142,540 218,417 245,202 317,037
Research and development 5,551,492 5,500,507 12,106,610 10,329,304
Selling, general and administrative 4,495,821 3,624,582 8,367,778 6,266,828
Patent costs 1,915,060 843,907 3,528,102 1,625,166
Royalty and license expense 218,255 168,560 420,039 288,620
Total operating expenses 12,323,168 10,355,973 24,667,731 18,826,955
Operating loss (1,070,753) (1,909,144) (3,814,776) (6,133,476)
INTEREST INCOME 184,877 61,125 280,350 136,780
INTEREST EXPENSE (8,430) (5,648) (18,068) (12,707)
GAIN (LOSS) ON STOCK WARRANT LIABILITY 4,496,367 (2,582,428) (4,429,845) (1,869,185)
INCOME (LOSS) BEFORE INCOME TAX (EXPENSE) BENEFIT 3,602,061 (4,436,095) (7,982,339) (7,878,588)
INCOME TAX (EXPENSE) BENEFIT (289,361)    (585,817) 464,162
NET INCOME (LOSS) $ 3,312,700 $ (4,436,095) $ (8,568,156) $ (7,414,426)
NET INCOME (LOSS) PER COMMON SHARE:        
Basic $ 0.07 $ (0.12) $ (0.20) $ (0.20)
Diluted $ (0.03) $ (0.12) $ (0.20) $ (0.20)
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME (LOSS) PER COMMON SHARE:        
Basic 45,024,373 37,362,176 41,977,113 37,196,741
Diluted 45,201,175 37,362,176 41,977,113 37,196,741