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Cash and Cash Equivalents
3 Months Ended
Mar. 31, 2015
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents
Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with original maturities at the date of purchase of three months or less to be cash equivalents. Cash and cash equivalents included cash of $601.0 million and $364.7 million at March 31, 2015 and December 31, 2014, respectively. Cash and cash equivalents at March 31, 2015 and December 31, 2014 also included investments of $6.0 million in money market funds and commercial paper with original maturities of less than three months.

The Company did not hold any available for sale securities at March 31, 2015 and December 31, 2014.

Restricted Cash

The Company had restricted cash of $1.4 million at March 31, 2015 and December 31, 2014, which includes $1.0 million collateral for outstanding letters of credit associated with the Company's lease for the office space in Parsippany, New Jersey. The funds are invested in certificates of deposit. The letter of credit permits draws by the landlord to cure defaults by the Company. In addition, as a result of the acquisition of Targanta in 2009, the Company had restricted cash of $0.1 million at March 31, 2015 and December 31, 2014, in the form of a guaranteed investment certificate collateralizing an available credit facility. The Company also had restricted cash of $0.3 million at March 31, 2015 and December 31, 2014, related to certain foreign tender requirements.