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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Product royalties $ 892,098 $ 855,101 $ 1,846,088 $ 855,101
Research and development reimbursements 2,317,584   10,769,563  
Contract revenues 10,674,895 1,908,949 21,958,728 3,530,926
Total Revenues: 13,884,577 2,764,050 34,574,379 4,386,027
Cost of product royalty revenues 686,966 690,207 1,412,563 1,065,207
Expenses:        
Research and development 7,982,976 12,758,215 22,606,197 24,790,383
General and administrative 7,249,960 3,110,754 11,871,984 6,021,010
Related party general and administrative, net 6,000 13,000 12,000 29,500
Total Expenses: 15,238,936 15,881,969 34,490,181 30,840,893
Loss from operations (2,041,325) (13,808,126) (1,328,365) (27,520,073)
Interest (expense) income, net (518,773) 96,006 (1,074,018) 168,516
Derivative (loss) gain (4,120,324) 392,586 (8,945,782) 1,417,537
Other income (expense), net 9,053 (95,477) 32,385 (118,631)
Net loss before taxes (6,671,369) (13,415,011) (11,315,780) (26,052,651)
Income tax expense       (85,000)
Net loss attributable to common stockholders $ (6,671,369) $ (13,415,011) $ (11,315,780) $ (26,137,651)
Basic earnings per share: $ (0.14) $ (0.35) $ (0.24) $ (0.69)
Diluted earnings per share: $ (0.14) $ (0.35) $ (0.24) $ (0.69)
Weighted average common stock shares outstanding 48,521,351 37,998,610 46,290,712 37,756,309