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Condensed Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (9,751,726) $ (9,642,596)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 283,785 253,492
Noncash compensation 734,222 366,382
Changes in operating assets and liabilities:    
(Increase) decrease in prepaid expenses and other current assets (410,357) 322,685
Decrease in accounts payable and accrued expenses (419,525) (124,669)
Increase in other assets   (273,220)
Increase in deferred rent 16,956 52,152
Decrease in other current liabilities (647) (8,484)
Net cash used in operating activities (9,547,292) (9,054,258)
Cash flows from investing activities:    
Purchases of property and equipment (30,811) (637,014)
Proceeds from sale of fixed assets   1,473
Net cash used in investing activities (30,811) (635,541)
Cash flows from financing activities:    
Proceeds from exercise of stock options   26,070
Proceeds from exercise of stock warrants   1,691,633
Expenses related to public offering   (130,086)
Proceeds from Committed Equity Financing Facility   3,750,000
Expenses related to Committed Equity Financing Facility   (6,717)
Net cash provided by financing activities   5,330,900
Net decrease in cash and cash equivalents (9,578,103) (4,358,899)
Cash and cash equivalents at beginning of period 30,520,812 [1] 29,673,420
Cash and cash equivalents at end of period 20,942,709 25,314,521
Supplemental Schedule of Non-cash Investing and Financing Activities    
Deferred financing costs charged to additional paid-in capital   $ 23,179
[1] Derived from the audited balance sheet as of December 31, 2010