PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

NOTE 3 - PROPERTY AND EQUIPMENT

Composition of property and equipment grouped by major classifications is as follows:

	December 31,
	2010			2011
Laboratory equipment	$	11,478		$	13,079
Furniture and computer equipment		1,306			1,522
Leasehold improvements		11,221			13,705
Equipment under construction		1,038			1,113
	$	25,043		$	29,419

Less – accumulated depreciation and amortization		(7,589	)		(11,148	)
	$	17,454		$	18,271

Depreciation and amortization in respect of property and equipment totaled $1,990, $3,133 and $3,631 for the years ended December 31, 2009, 2010 and 2011, respectively, out of which the Company recorded a total write down of $0, $43 and $10, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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