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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Selected quarterly data                      
Revenue $ 1,967,573 $ 110,383 $ 108,780 $ 114,000 $ 114,373 $ 182,784 $ 81,003 $ 57,000 $ 2,300,736 $ 435,160 $ 2,474,237
Research and development 2,514,591 3,822,736 5,398,305 5,153,217 6,701,465 11,500,053 11,116,323 14,864,420 16,888,849 44,182,260 39,705,502
General and administration 2,901,812 1,546,864 1,948,995 1,831,852 1,723,562 1,675,268 1,989,103 1,593,557 8,229,523 6,981,490 5,940,360
Licensing expense 15,000 50,000 0 30,000 0 50,000 0 0 95,000 50,000 268,750
Operating loss (3,635,228) (5,334,966) (7,269,453) (6,931,935) (8,340,710) (13,028,207) (13,064,942) (16,442,921)      
Net loss $ (3,987,331) $ (6,121,815) $ (7,344,116) $ (10,264,477) $ (6,648,906) $ (12,733,691) $ (14,975,231) $ (17,250,676) $ (27,717,739) $ (51,608,504) $ (46,196,216)
Loss per share:                      
Basic and diluted (in dollars per share) $ (0.16) $ (0.27) $ (0.36) $ (0.53) $ (0.36) $ (0.73) $ (0.96) $ (1.22)