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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net loss $ (33,332) $ (22,870)
Adjustments to reconcile net loss to net cash (used for) provided by operating activities:    
Share-based compensation 5,163 3,457
Depreciation and amortization 342 269
Amortization of debt discount and debt issuance costs 73 162
Deferred rent 8 25
Amortization of premium on short term investments, net 431 320
Realized gain on short-term investments (2) (23)
Change in operating assets and liabilities:    
Receivables 15,245 (411)
Prepaids and other assets (1,498) (586)
Accounts payable 109 135
Accrued clinical liabilities (1,035) (265)
Accrued payroll and employee liabilities (629) (168)
Other accrued liabilities 696 104
Deferred revenue (2,153) (4,853)
Net cash used for operating activities (16,582) (24,704)
Investing activities:    
Purchases of short-term investments (150,460) (90,486)
Proceeds from sale or maturity of short-term investments 96,011 35,738
Proceeds from sale of property and equipment 12 25
Purchases of property and equipment (561) (368)
Net cash used for investing activities (54,998) (55,091)
Financing activities:    
Payments on long-term debt (1,644) (1,453)
Net proceeds from issuance of common stock 79,944 79,243
Net cash provided by financing activities 78,300 77,790
Net increase (decrease) in cash and cash equivalents 6,720 (2,005)
Cash and cash equivalents at beginning of period 15,926 11,562
Cash and cash equivalents at end of period 22,646 9,557
Supplemental disclosure of cash flow information:    
Interest paid 174 342
Supplemental schedule of non-cash information:    
Net unrealized loss on short-term investments $ (31) $ (2)