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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended 114 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Revenue:          
Research revenue $ 2,380   $ 6,686   $ 37,794
Collaboration revenue 1,660   3,320   54,242
Total revenue 4,040   10,006   92,036
Operating Expenses:          
Research and development 11,618 8,137 22,743 17,026 237,507
General and administrative 6,720 4,020 11,122 7,945 104,491
Restructuring charges         1,522
Impairment of leasehold improvements         1,030
Depreciation and amortization 426 529 864 1,066 9,342
In-process research and development         418
Total operating expenses 18,764 12,686 34,729 26,037 354,310
Loss from operations (14,724) (12,686) (24,723) (26,037) (262,274)
Other income (expenses):          
Interest income 46 35 105 88 14,018
Interest expense (41) (55) (89) (137) (2,274)
Change in fair value of warrant liability 2,078 1,391 (1,354) 1,595 (3,218)
Other income     70   231
Loss before tax benefit (12,641) (11,315) (25,991) (24,491) (253,517)
Benefit from income taxes         1,834
Net loss (12,641) (11,315) (25,991) (24,491) (251,683)
Deemed dividend         (19,424)
Preferred stock accretion         (802)
Net loss attributable to common stockholders $ (12,641) $ (11,315) $ (25,991) $ (24,491) $ (271,909)
Net loss attributable to common stockholders per common shares - basic and diluted $ (0.37) $ (0.41) $ (0.75) $ (0.94)  
Weighted-average common shares outstanding - basic and diluted 34,530,693 27,623,297 34,514,947 25,956,366