XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (44,667) $ (36,637)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 2,359 2,506
Depreciation and amortization 623 1,173
Changes in operating assets and liabilities:    
Collaboration receivable   116
Prepaid expenses and other current assets (242) (931)
Other assets 165 (164)
Accounts payable 223 997
Accrued contract research costs 878 499
Other accrued liabilities (951) (945)
Deferred collaboration revenue   (3,428)
Net cash used in operating activities (41,612) (36,814)
Cash flows from investing activities:    
Purchases of marketable securities (45,887) (46,994)
Maturities of marketable securities 29,845 36,644
Purchases of property and equipment (421) (308)
Net cash used in investing activities (16,463) (10,658)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, excluding to related parties, net of transaction costs 28,960 27,494
Proceeds from the issuance of common stock to related parties 30,759 7,734
Proceeds from term loans   2,000
Payment of term loans (2,268) (233)
Payment of capital lease obligations (9) (190)
Net cash provided by financing activities 57,442 36,805
Net decrease in cash and cash equivalents (633) (10,667)
Cash and cash equivalents at beginning of period 30,075 31,310
Cash and cash equivalents at end of period 29,442 20,643
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 1,335 $ 1,484