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Consolidated Statements Of Operations (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Product royalty revenues $ 2,716,452 $ 1,884,080 $ 2,844,415
Product royalties, related party     15,411
Research revenue 227,668 726,948 177,373
Sponsored research revenue   244,479  
Contract revenue 318,800 549,390 59,777,633
Total revenues 3,262,920 3,404,897 62,814,832
Cost of product royalties 1,756,629 839,208 2,043,693
Expenses:      
Research and development 20,805,177 10,645,414 10,177,644
Related party research and development     143,065
General and administrative 7,608,090 7,913,370 8,399,812
Related party general and administrative 81,000 82,529 1,921,400
Impairment of intangible license   243,648  
Total expenses 28,494,267 18,884,961 20,641,921
(Loss) income from operations (26,987,976) (16,319,272) 40,129,218
Interest income (expense), net 188,701 133,613 35,596
Derivative gain (loss) 3,463,453 3,126,771 (6,790,827)
Other income (expenses), net 10,706 25,946 (15,110)
(Loss) income before taxes (23,325,116) (13,032,942) 33,358,877
Income tax expense     (312,128)
Net (loss) income (23,325,116) (13,032,942) 33,046,749
Net (loss) income attributable to common stockholders $ (23,325,116) $ (13,032,942) $ 33,046,749
Basic:      
Weighted average common stock shares outstanding 28,322,477 23,150,975 20,224,706
Basic earnings per share $ (0.82) $ (0.56) $ 1.63
Diluted:      
Diluted weighted average common stock shares outstanding 28,322,477 23,150,975 21,499,083
Diluted earnings per share $ (0.82) $ (0.56) $ 1.54