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Cash and Cash Equivalents
9 Months Ended
Sep. 30, 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 $502.8 million and $364.7 million at September 30, 2015 and December 31, 2014, respectively. Cash and cash equivalents at September 30, 2015 and December 31, 2014 also included at both dates investments of $6.0 million in money market funds with original maturities of less than three months.


Restricted Cash

The Company had restricted cash of $1.4 million at September 30, 2015 and $1.4 million at December 31, 2014, which included at both dates a $1.0 million outstanding letter 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 September 30, 2015 and $0.1 million at 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 September 30, 2015 and $0.3 million at December 31, 2014, related to certain foreign tender requirements.