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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended 121 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Cash flows from operating activities:      
Net loss $ (48,203) $ (65,907) $ (331,927)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 582 466 3,156
Stock-based compensation 2,482 3,482 22,663
Change in fair value of warrants (2,979) 2,516 (13,750)
Loss on disposal of fixed assets 194 48 251
Common stock issued in exchange for in-process research and development     36,151
(Increase) decrease in:      
Receivables (391) 66 (449)
Prepaid expenses and other current assets 3,717 (5,922) (3,195)
Other noncurrent assets 262 (47) (739)
Deposits 5 (42) (129)
Increase (decrease) in:      
Accounts payable (618) 2,521 891
Accrued expenses (4,943) 5,861 11,573
Deferred revenue (600) (600) 2,933
Deferred rent 8 226 447
Other liabilities 20   20
Net cash used in operating activities (50,464) (57,332) (272,104)
Cash flows from investing activities:      
Purchases of property and equipment (119) (1,482) (4,745)
Proceeds from sale of property and equipment 1   2
Net cash used in investing activities (118) (1,482) (4,743)
Cash flows from financing activities:      
Stockholders' capital contribution     500
Proceeds from exercise of stock options 956 30 2,329
Payments to employees for repurchase of common stock (250) (96) (3,117)
Proceeds from exercise of warrants 201 330 13,280
Proceeds from issuance of common stock and warrants, net   49,170 270,726
Proceeds from issuance of preferred stock, net     16,760
Net cash provided by financing activities 907 49,434 300,478
Net increase (decrease) in cash and cash equivalents (49,675) (9,380) 23,631
Cash and cash equivalents, beginning of period 73,306 104,713  
Cash and cash equivalents, end of period 23,631 95,333 23,631
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   412 352
Convertible Preferred Stock
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock     16,760
Warrants
     
Supplementary disclosure of noncash investing and financing activities:      
Preferred stock conversion/exercise of equity-classified warrants to common stock $ 142 $ 269 $ 9,466