FIXED ASSETS (Tables)

3 Months Ended

Mar. 31, 2015

FIXED ASSETS [Abstract]

Fixed Assets

The following table presents the components of fixed assets and their estimated useful lives.

	March 31,			December 31,			Estimated
(In thousands)	2015			2014			useful lives
Assets under construction	$	4,047		$	2,393			-
Office furniture		2,198			2,198		7 years
Laboratory equipment		1,684			1,373		5 years
Computer hardware and software		895			815		3 years
Leasehold improvements		470			470		Lease term
Total at cost		9,294			7,249
Less: accumulated depreciation		(1,671	)		(1,369	)
Total Fixed Assets, Net	$	7,623		$	5,880