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Condensed Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE        
Grant revenue       $ 51,870
Royalty revenue 81,003   138,003 2,228,004
Total Revenue 81,003   138,003 2,279,874
EXPENSES        
Research and development 11,116,323 8,657,606 25,980,744 18,084,476
General and administration 1,989,103 1,540,200 3,582,659 3,307,202
Depreciation and amortization 40,519 42,546 82,463 87,967
Total Expenses 13,145,945 10,240,352 29,645,866 21,479,645
OTHER        
Convertible note fair value adjustment (1,753,000) (381,916) (2,392,000) (1,790,916)
Interest expense (172,000) (172,083) (344,000) (344,083)
Other income 13,000   13,000  
Interest income 1,711   4,956  
NET LOSS $ (14,975,231) $ (10,794,351) $ (32,225,907) $ (21,334,770)
BASIC NET LOSS PER SHARE (in dollars per share) $ (0.16) $ (0.17) $ (0.36) $ (0.35)
DILUTED NET LOSS PER SHARE (in dollars per share) $ (0.16) $ (0.17) $ (0.36) $ (0.35)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING (in shares) 93,985,347 64,607,893 89,400,401 60,207,044