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Condensed Consolidated Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Product royalties $ 924,272    $ 1,779,373   
Research revenues          13,375
Contract revenues 2,072,590 1,875,446 5,603,516 34,677,583
Total Revenues: 2,996,862 1,875,446 7,382,889 34,690,958
Cost of product royalties 643,486 375,000 1,708,693 1,125,000
Expenses:        
Research and development 16,387,194 12,546,912 41,177,577 23,804,276
General and administrative 3,039,255 2,992,354 9,060,265 8,042,433
Related party general and administrative, net 9,750 20,000 39,250 65,750
Total Expenses: 19,436,199 15,559,266 50,277,092 31,912,459
(Loss) income from operations (17,082,823) (14,058,820) (44,602,896) 1,653,499
Interest (expense) income, net (450,328) 90,167 (281,812) 210,284
Derivative (loss) gain (917,863) (3,525,011) 499,671 (8,871,050)
Other (expense) income, net (35,433) 16,377 (154,061) 63,237
Loss before taxes (18,486,447) (17,477,287) (44,539,098) (6,944,030)
Income tax expense       (85,000)   
Net loss attributable to common stockholders $ (18,486,447) $ (17,477,287) $ (44,624,098) $ (6,944,030)
Basic and diluted earnings per share $ (0.49) $ (0.58) $ (1.18) $ (0.23)
Weighted average common stock shares outstanding 38,076,606 30,071,813 37,864,248 29,768,620