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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended 109 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Cash flows from operating activities:      
Net loss $ (65,907) $ (50,534) $ (253,499)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 466 172 2,382
Stock-based compensation 3,482 1,900 18,783
Change in fair value of warrants 2,516 (4,423) (2,205)
Loss on disposal of fixed assets 48 0 57
Common stock issued in exchange for in-process research and development 0 17,457 17,457
(Increase) decrease in:      
Collaboration receivable 66 (79) (13)
Prepaid expenses and other current assets (5,922) (981) (7,235)
Other noncurrent assets (47) (518) (818)
Deposits (42) (4) (133)
Increase (decrease) in:      
Accounts payable 2,521 1,129 4,248
Accrued expenses 5,861 6,251 16,682
Deferred revenue (600) 4,533 3,733
Deferred rent 226 12 421
Net cash used in operating activities (57,332) (25,085) (200,140)
Cash flows from investing activities:      
Purchases of property and equipment (1,482) (806) (4,549)
Proceeds from sale of property and equipment 0 0 1
Net cash used in investing activities (1,482) (806) (4,548)
Cash flows from financing activities:      
Stockholders' capital contribution 0 0 500
Proceeds from exercise of stock options 30 904 1,373
Payments to employees for repurchase of common stock (96) (78) (2,417)
Proceeds from exercise of warrants 330 12,399 13,079
Proceeds from issuance of common stock and warrants, net 49,170 71,207 270,726
Proceeds from issuance of preferred stock, net 0 0 16,760
Net cash provided by financing activities 49,434 84,432 300,021
Net increase (decrease) in cash and cash equivalents (9,380) 58,541 95,333
Cash and cash equivalents, beginning of period 104,713 60,392 0
Cash and cash equivalents, end of period 95,333 118,933 95,333
Supplementary disclosure of cash flow information:      
Cash paid for interest 0 0 0
Cash paid for income taxes 0 0 0
Supplementary disclosure of noncash investing and financing activities:      
Warrants issued to placement agents and investors 0 0 47,276
Exercise of liability-classified warrants to common shares 412 303 764
Convertible Preferred Stock [Member]
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock     16,760
Warrant Exercise [Member]
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock $ 269 $ 9,067 $ 9,593