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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (23,903) $ (18,382)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,639 2,222
Depreciation and amortization 823 997
Changes in operating assets and liabilities:    
Collaboration receivable 116 (138)
Prepaid expenses and other current assets (401) (164)
Other assets (131) 207
Accounts payable 74 (2,677)
Accrued contract research costs 360 436
Other accrued liabilities (1,285) (1,702)
Deferred collaboration revenue (2,285) (2,361)
Net cash used in operating activities (24,993) (21,562)
Cash flows from investing activities:    
Purchases of marketable securities (39,663) (6,047)
Maturities of marketable securities 22,342  
Purchases of property and equipment (45) (39)
Net cash used in investing activities (17,366) (6,086)
Cash flows from financing activities:    
Proceeds from issuance of common stock and exercise of common stock options, net of transaction costs 35,208 26,768
Proceeds from term loans 2,000  
Payment of term loans (92)  
Payment of capital lease obligations (176) (664)
Net cash provided by financing activities 36,940 26,104
Net decrease in cash and cash equivalents (5,419) (1,544)
Cash and cash equivalents at beginning of period 31,310 44,155
Cash and cash equivalents at end of period 25,891 42,611
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 747 $ 88