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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 115 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Cash flows from operating activities:      
Net loss $ (12,799) $ (24,470) $ (296,523)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 199 118 2,773
Stock-based compensation 1,541 1,212 21,722
Change in fair value of warrants (10,788) 5,811 (21,559)
Loss on disposal of fixed assets     57
Common stock issued in exchange for in-process research and development     36,151
(Increase) decrease in:      
Receivables (14) 79 (72)
Prepaid expenses and other current assets 2,078 (9,490) (4,834)
Other noncurrent assets 258 (23) (743)
Deposits     (134)
Increase (decrease) in:      
Accounts payable (526) 257 983
Accrued expenses 2,005 713 18,521
Deferred revenue (200) (200) 3,333
Deferred rent 3 133 442
Net cash used in operating activities (18,243) (25,860) (239,883)
Cash flows from investing activities:      
Purchases of property and equipment (114) (154) (4,740)
Proceeds from sale of property and equipment     1
Net cash used in investing activities (114) (154) (4,739)
Cash flows from financing activities:      
Stockholders' capital contribution     500
Proceeds from exercise of stock options 851   2,224
Payments to employees for repurchase of common stock (246)   (3,113)
Proceeds from exercise of warrants 101 140 13,180
Proceeds from issuance of common stock and warrants, net   49,169 270,726
Proceeds from issuance of preferred stock, net     16,760
Net cash provided by financing activities 706 49,309 300,277
Net increase (decrease) in cash and cash equivalents (17,651) 23,295 55,655
Cash and cash equivalents, beginning of period 73,306 104,713  
Cash and cash equivalents, end of period 55,655 128,008 55,655
Supplementary disclosure of cash flow information:      
Cash paid for interest         
Cash paid for income taxes         
Supplementary disclosure of noncash investing and financing activities:      
Warrants issued to placement agents and investors     47,276
Exercise of liability-classified warrants to common shares   42 352
Convertible Preferred Stock
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock     16,760
Warrant Exercise
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock $ 72 $ 99 $ 9,396