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WARRANTS (Details) (USD $)
12 Months Ended 84 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2010
Aug. 31, 2008
Aug. 31, 2012
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares)   7,018,850      
Exercise price (in dollars per share)   $ 2.94      
Black-Scholes inputs:          
Risk free interest rate (in hundredths)       2.00%  
Adjustment to mark to market common stock warrants $ 3,200,000 $ 16,300,000 $ 5,900,000   $ 25,400,000
Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares) 5,188,000       5,188,000
Exercise price (in dollars per share) $ 3.02 [1]       $ 3.02 [1]
Issued to placement agents in May and June 2008 [Member] | Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares) 433,000       433,000
Exercise price (in dollars per share) $ 2.36       $ 2.36
Expiration date 2013-05-21       2013-05-21
Issued to placement agents in August 2009 [Member] | Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares) 65,000       65,000
Exercise price (in dollars per share) $ 1.50       $ 1.50
Expiration date 2014-08-21       2014-08-21
2009 Merger [Member] | Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares) 8,000       8,000
Exercise price (in dollars per share) $ 80.86 [1]       $ 80.86 [1]
2009 Merger [Member] | Minimum [Member] | Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Expiration date 2013-06-11       2013-06-11
2009 Merger [Member] | Maximum [Member] | Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Expiration date 2015-09-26       2015-09-26
Issued to registered direct investors in Dec 2009 [Member] | Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares) 756,000       756,000
Exercise price (in dollars per share) $ 2.45       $ 2.45
Expiration date 2014-12-22       2014-12-22
Issued to private placement investors in Aug 2010 [Member] | Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares) 3,595,000       3,595,000
Exercise price (in dollars per share) $ 3.075       $ 3.075
Expiration date 2015-08-12       2015-08-12
Issued to placement agent in Aug 2010 [Member] | Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares) 98,000       98,000
Exercise price (in dollars per share) $ 3.075       $ 3.075
Expiration date 2015-08-21       2015-08-21
December 2009 equity financing, Series A [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares)     1,873,779    
Assumptions to obtain the fair value of the warrants [Abstract]          
Fair value 2,900,000 5,900,000     2,900,000
Black-Scholes inputs:          
Stock price (in dollars per share) $ 4.97 $ 4.73 $ 2.98   $ 4.97
Exercise price (in dollars per share) $ 2.45 $ 2.45     $ 2.45
Risk free interest rate (in hundredths) 0.22% 0.38% 1.36%    
Volatility (in hundredths) 125.00% 116.40% 85.10%    
Expected term 2 years 3 months 3 years 4 months 4 years 4 months    
Dividend (in hundredths) 0.00% 0.00%      
December 2009 equity financing, Series B [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares)     1,873,779    
Black-Scholes inputs:          
Stock price (in dollars per share)     $ 2.98    
Risk free interest rate (in hundredths)     0.24%    
Volatility (in hundredths)     85.10%    
Expected term     9 months    
August 2010 private placement, Investors and placement agent [Member]
         
Assumptions to obtain the fair value of the warrants [Abstract]          
Fair value $ 14,400,000 $ 17,700,000     $ 14,400,000
Black-Scholes inputs:          
Stock price (in dollars per share) $ 4.97 $ 4.73     $ 4.97
Exercise price (in dollars per share) $ 3.075 $ 3.075     $ 3.075
Risk free interest rate (in hundredths) 0.30% 0.70%      
Volatility (in hundredths) 125.00% 116.00%      
Expected term 3 years 4 years      
Dividend (in hundredths) 0.00% 0.00%      
Encode Pharmaceuticals Inc [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares)   233,309   256,034  
Exercise price (in dollars per share)   $ 2.87      
Encode Pharmaceuticals Inc [Member] | Warrants [Member]
         
Common stock warrants outstanding [Abstract]          
Number of shares exercisable (in shares) 233,000       233,000
Exercise price (in dollars per share) $ 2.87       $ 2.87
Expiration date 2015-12-13       2015-12-13
[1] Weighted-average exercise price