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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss$ (36,637)$ (28,644)
Adjustments to reconcile net loss to net cash used in operating activities:  
Stock-based compensation expense2,5063,185
Depreciation and amortization1,1731,470
Changes in operating assets and liabilities:  
Collaboration receivable116(189)
Prepaid expenses and other current assets(931)(74)
Other assets(164)(103)
Accounts payable997(1,564)
Accrued contract research costs499627
Other accrued liabilities(945)(1,191)
Deferred collaboration revenue(3,428)(3,504)
Net cash used in operating activities(36,814)(29,987)
Cash flows from investing activities:  
Purchases of marketable securities(46,994)(19,213)
Maturities of marketable securities36,644 
Purchases of property and equipment(308)(109)
Net cash used in investing activities(10,658)(19,322)
Cash flows from financing activities:  
Proceeds from issuance of common stock and exercise of common stock options, net of transaction costs35,22826,807
Proceeds from term loans2,00015,000
Payment of term loans(233) 
Payment of capital lease obligations(190)(1,747)
Net cash provided by financing activities36,80540,060
Net decrease in cash and cash equivalents(10,667)(9,249)
Cash and cash equivalents at beginning of period31,31044,155
Cash and cash equivalents at end of period20,64334,906
Supplemental disclosure of cash flow information:  
Cash paid for interest$ 1,464$ 120