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Termination of BDSI License and Sublicenses With UMDNJ
6 Months Ended
Jun. 30, 2012
Termination Of License And Sublicenses [Abstract]  
Termination of BDSI License and Sublicenses with UMDNJ

11. Termination of BDSI License and Sublicenses with UMDNJ:

In June 2012, the Company entered into an agreement to terminate its license agreement with the University of Medicine and Dentistry of New Jersey (“UMDNJ”) and certain sublicenses related to the Bioral® drug delivery technology previously developed by the Company under such license. Under this agreement, the Company agreed to assign to UMDNJ its know-how to the Bioral ® technology. Once all previously executed sublicenses related to the Bioral ® technology have been formally terminated, the Company will assign to UMDNJ its know-how and patent rights the Bioral® technology in consideration of 10% of future potential revenues collected by UMDNJ for commercialization of Bioral® formulated Amphotericin B products and 3.5% for non- Bioral ® formulated Amphotericin B products which utilize such patent rights and know-how. In conjunction with the termination agreement, the Company also donated to New Jersey Health Foundation, a not-for-profit organization, the University of Medicine and Dentistry of New Jersey-New Jersey Medical School and the H. Lee Moffitt Cancer Center and Research Foundation, Inc. in Tampa, Florida, various items of unused and fully depreciated lab equipment. These donations had no impact on the Company’s condensed consolidated financial statements.