ISSUANCE OF COMMON STOCK (Tables)

4 Months Ended

Dec. 31, 2012

ISSUANCE OF COMMON STOCK [Abstract]

Assets acquired and liabilities assumed in the merger

The liquidity benefit is the primary factor behind the goodwill recognized in the transaction (see below). The goodwill is expected to be fully deductible for tax purposes. Below is a breakdown of the assets acquired and liabilities assumed in the merger described herein (in millions):

Asset Allocation	Value
Cash and equivalents	$	0.58
Other current assets		0.10
Accrued liabilities		(0.68	)
Intangible assets:
In-process research and development		0.90
Licenses		0.24
Total identifiable assets		1.14
Goodwill		3.28
Total net assets acquired	$	4.42