CONVERTIBLE SENIOR NOTES (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2012

Dec. 31, 2011

CONVERTIBLE SENIOR NOTES

Schedule of key assumptions used to establish the value of the 2013 Notes

Average risk-free rate	0.14	%
Volatility of BioSante common stock	90.0	%
Discount rate for principal payments in cash	19.6	%

The assumptions as of December 31, 2011 were:

	2013 Notes
Average risk-free rate		0.19	%
Volatility of BioSante common stock		77.4	%
Discount rate for principal payments in cash		18.5	%

        The assumptions as of December 31, 2010 were:

	2013 Notes			2011 Notes
Average risk-free rate		0.82	%		0.29	%
Volatility of BioSante common stock		78.7	%		61.0	%
Discount rate for principal payments in cash		17.0	%		17.0	%