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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net loss $ (28,675) $ (11,556) $ (9,128)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and write-offs of fixed assets 411 230 80
Write-offs of patents     95
Stock-based compensation 4,255 2,249 2,631
Amortization of deferred license fees (4,143) (5,318) (4,733)
Warrant licensing expense 107 107 1,779
Changes in assets and liabilities:      
Prepaid expenses and other current assets (788) 238 (294)
Accounts payable (263) 873 (528)
Accrued expenses 1,251 667 (81)
Accrued interest 21 20 1
Third party royalty obligation   (988) (2,462)
Net cash used in operating activities (27,824) (13,478) (12,640)
Cash flows from investing activities:      
Purchases of marketable securities (87,017) (24,498) (18,879)
Maturities of marketable securities 46,085 10,241 16,474
Purchases of property and equipment (2,115) (626) (462)
Net cash used in investing activities (43,047) (14,883) (2,867)
Cash flows from financing activities:      
Proceeds from Genzyme Collaboration, License and Purchase Agreement   1,896 16,650
Proceeds from sale of common stock to Genzyme     6,000
Proceeds from sale of common stock, net of issuance costs 27,215 82,327 8,062
Proceeds from exercise of common stock options and stock purchase plan 685 466 732
Decrease in restricted cash   500 100
Payment for repurchase of stock options     (50)
Proceeds from long term debt     1,000
Net cash provided by financing activities 27,900 85,189 32,494
Net increase (decrease) in cash and cash equivalents (42,971) 56,828 16,987
Cash and cash equivalents, beginning of period 78,752 21,924 4,937
Cash and cash equivalents, end of period 35,781 78,752 21,924
Supplemental disclosure of non-cash investing and financing activities:      
Unrealized gain (loss) on available-for-sale investments (15) (2) 1
Retirement of 85,550 treasury shares of common stock     97
Issuance of 27,872, 15,460, and 24,430 shares of common stock to fund the Company's 401(k) matching contribution for 2010, 2009, and 2008, respectively $ 169 $ 65 $ 32