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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2013
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
(in thousands, except per share amounts)
Net revenue
 
$
172,826

 
$
152,314

 
$
334,932

 
$
295,536

Net (loss) income
 
$
18,094

 
$
(65,162
)
 
$
5,531

 
$
(61,583
)
Basic earnings (loss) per common share
 
$
0.33

 
$
(1.21
)
 
$
0.10

 
$
(1.14
)
Diluted earnings (loss) per common share
 
$
0.30

 
$
(1.21
)
 
$
0.09

 
$
(1.14
)

Incline Therapeutics, Inc. [Member]
 
Business Acquisition [Line Items]  
Schedule of Estimated Purchase Price
Total estimated purchase price is summarized as follows:

 
 
(in thousands)
Upfront cash consideration
 
$
186,699

Fair value of contingent purchase price
 
87,200

Total preliminary estimated purchase price
 
$
273,899

 
 
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Below is a summary which details the preliminary allocation of assets acquired and liabilities assumed as a result of this acquisition:

 
 
 
Assets Acquired:
 
(in thousands)
Cash and cash equivalents
 
$
1,563

Prepaid expenses and other current assets
 
624

Fixed assets, net
 
12,577

In-process research and development
 
250,000

Goodwill
 
99,956

Other assets
 
34

Total Assets
 
$
364,754

Liabilities Assumed:
 
 
Accrued expenses
 
1,413

Contingent purchase price
 
87,200

Deferred tax liabilities
 
89,442

Total Liabilities
 
178,055

 
 
 
Total cash price paid upon acquisition
 
$
186,699


Bristol-Myers Squibb [Member]
 
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Below is a summary which details the preliminary allocation of assets acquired as a result of this acquisition:

 
 
 
Assets Acquired:
 
(in thousands)
Product license
 
$
32,000

Option
 
62,000

Goodwill
 
21,000

Total Assets
 
$
115,000

Total cash price paid upon acquisition
 
$
115,000