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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUE:    
Commercial revenue$ 9,881,533$ 2,836,587$ 19,904,312$ 6,618,626
Developmental revenue11,895,6074,219,27422,725,78313,130,714
Total revenue21,777,1407,055,86142,630,09519,749,340
OPERATING EXPENSES:    
Cost of chemicals sold2,405,493329,6292,650,695646,666
Research and development6,079,4335,760,10518,186,04316,089,409
Selling, general and administrative4,957,0853,452,81513,324,8639,719,643
Patent costs1,938,1431,177,3835,466,2452,802,549
Royalty and license expense461,917218,474881,956507,094
Total operating expenses15,842,07110,938,40640,509,80229,765,361
Operating income (loss)5,935,069(3,882,545)2,120,293(10,016,021)
INTEREST INCOME363,70064,373644,050201,153
INTEREST EXPENSE(13,263)(5,957)(31,331)(18,664)
GAIN (LOSS) ON STOCK WARRANT LIABILITY239,562(3,362,441)(4,190,283)(5,231,626)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE6,525,068(7,186,570)(1,457,271)(15,065,158)
INCOME TAX (EXPENSE) BENEFIT(535,642) (1,121,459)464,162
NET INCOME (LOSS)$ 5,989,426$ (7,186,570)$ (2,578,730)$ (14,600,996)
NET INCOME (LOSS) PER COMMON SHARE:    
Basic$ 0.13$ (0.19)$ (0.06)$ (0.39)
Diluted$ 0.12$ (0.19)$ (0.06)$ (0.39)
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME (LOSS) PER COMMON SHARE:    
Basic45,314,89337,741,10743,101,93337,380,190
Diluted46,799,55737,741,10743,101,93337,380,190