INTANGIBLE ASSETS AND GOODWILL (Tables)

3 Months Ended

Mar. 31, 2015

INTANGIBLE ASSETS AND GOODWILL [Abstract]

Summary of intangibles acquired

	Useful Life		March 31,			December 31,
(In thousands)	(Years)		2015			2014
Intangible asset (IP license for RP103) related to the Encode merger		20.0	$	2,620		$	2,620
Intangible assets (UCSD license - FDA and EC approval milestones)		20.0		1,250			1,250
Other intangible assets		16.0		240			240
Total intangible assets				4,110			4,110
Less accumulated amortization				(1,196	)		(1,136	)
Intangible Assets, Net			$	2,914		$	2,974

Amortization expense for intangible assets

Amortization expense for intangible assets for each of the next five years is expected to be as follows:

(In thousands)	Amortization Expense
2015 (remaining 9 months)	$	178
2016		238
2017		238
2018		238
2019		238