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INCOMETAXES (Details) (USD $)
9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Components of the Company's net deferred tax asset        
Net operating loss carryforwards   $ 63,969,813 $ 46,071,206  
Tax basis in intangible assets   4,095,269 4,452,360  
Deferred financing costs for tax   7,010,462 7,001,619  
Research & development credits   8,266,610 5,796,148  
Stock option expense   2,754,981 2,310,405  
Other   448,140 25,955  
Total deferred tax asset   86,545,275 65,657,693  
Valuation allowance   (86,545,275) (65,657,693)  
Net deferred tax asset   0    
Income Taxes        
Net operating loss carryforwards   169,456,000    
Provision of valuation allowance to reduce deferred tax assets (as a percent)   100.00%    
Statutory federal income tax rate (as a percent)   34.50%    
Difference in the provision for income taxes computed by applying the statutory income rate to pre-tax income        
Tax at U.S. federal statutory rate   (17,804,934) (15,937,695) (16,397,080)
State taxes, net of federal benefit   (1,677,276) (1,501,377) (1,544,652)
Research and development credits   (1,537,863) (966,941) (515,235)
Other, net   132,491 133,932 17,718
Change in valuation allowance   20,887,582 18,272,081 18,439,249
Total income tax expense $ (121,791) $ 0    
Maximum
       
Income Taxes        
Number of years for which net operating loss carryforwards are available to reduce future taxable income   20 years