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Condensed Consolidated Statements Of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Product royalties   $ 1,745,896 $ 34,225 $ 1,796,135
Research revenues 33,606 220,194 226,843 397,337
Contract revenues 4,800 250,476 6,800 250,476
Total Revenues: 38,406 2,216,566 267,868 2,443,948
Cost of product royalties (425,930) 796,525 (128,510) 808,954
Expenses:        
Research and development 4,720,208 1,521,531 11,410,882 2,970,996
General and administrative 1,930,875 2,196,886 3,695,364 4,401,647
Related party general and administrative, net: 18,750 21,500 37,500 (339,000)
Impairment of intangible license   243,648   243,648
Total Expenses: 6,669,833 3,983,565 15,143,746 7,277,291
Loss from operations (6,205,497) (2,563,524) (14,747,368) (5,642,297)
Interest income 48,411 4,280 86,194 7,571
Derivative gain 1,046,869 3,306,470 559,556 6,176,442
Other income (expense), net 11,866 28,635 (16,044) 42,923
Net (loss) income (5,098,351) 775,861 (14,117,662) 584,639
Net (loss) income attributable to common stockholders $ (5,098,351) $ 775,861 $ (14,117,662) $ 584,639
Basic earnings per share: $ (0.18) $ 0.03 $ (0.52) $ 0.03
Diluted earnings per share: $ (0.18) $ 0.01 $ (0.52) $ 0.00