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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Research fees   $ 14,200
Contract revenue 1,621,977 16,504,165
Total Revenue: 1,621,977 16,518,365
Cost of product royalties 375,000 375,000
Expenses:    
Research and development 12,032,168 4,711,610
General and administrative 2,910,256 2,840,795
Related party general and administrative, net 16,500 26,250
Total Expenses: 14,958,924 7,578,655
(Loss) income from operations (13,711,947) 8,564,710
Interest income 72,510 56,616
Derivative gain (loss) 1,024,951 (1,867,246)
Other expense, net (23,154) (3,464)
(Loss) income before income taxes (12,637,640) 6,750,616
Income tax expense (85,000)  
Net (loss) income attributable to common stockholders $ (12,722,640) $ 6,750,616
Basic:    
Weighted average common stock shares outstanding 37,511,326 29,561,655
Basic earnings per share $ (0.34) $ 0.23
Diluted:    
Diluted weighted average common stock shares outstanding 37,511,326 29,586,036
Diluted earnings per share $ (0.34) $ 0.23