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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
License fees $ 1,077 $ 2,426 $ 2,153 $ 4,853
Sponsored research 132   222  
Reimbursable research and development costs 967 1,095 1,571 1,942
Total revenues 2,176 3,521 3,946 6,795
Operating expenses:        
Research and development 15,527 12,884 28,242 23,135
General and administrative 4,769 3,319 9,018 6,246
Total operating expenses 20,296 16,203 37,260 29,381
Loss from operations (18,120) (12,682) (33,314) (22,586)
Other income (expense):        
Interest income 98 111 205 180
Interest expense (98) (229) (232) (490)
Other income, net 6 13 9 26
Total other income (expense) 6 (105) (18) (284)
Net loss $ (18,114) $ (12,787) $ (33,332) $ (22,870)
Basic and diluted net loss per share $ (0.68) $ (0.57) $ (1.27) $ (1.11)
Shares used in computing basic and diluted net loss per share 26,687 22,556 26,241 20,568