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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 26,736 $ 33,971
Investments in marketable securities 58,015 65,151
Receivable due from GSK 1,308 3,225
Prepaid expenses and other current assets 1,753 2,270
Total current assets 87,812 104,617
Property and equipment, less accumulated depreciation and amortization of $8,501 and $8,872 at December 31, 2012 and March 31, 2013, respectively 4,962 5,029
Other non-current assets 442 442
Total Assets 93,216 110,088
Current liabilities:    
Accounts payable and accrued expenses 6,427 8,845
Current portion of secured loan 398 398
Warrant liability 1,170  
Total current liabilities 7,995 9,243
Deferred reimbursements 31,685 30,418
Warrant liability, non-current   908
Secured loan, less current portion 199 299
Commitments and contingencies      
Stockholders' equity:    
Common stock, $.01 par value, 125,000,000 shares authorized, 49,631,672 shares issued and outstanding at December 31, 2012, 125,000,000 shares authorized, 49,631,672 shares issued and outstanding at March 31, 2013 556 556
Additional paid-in capital 389,113 387,539
Accumulated other comprehensive income 15 14
Deficit accumulated during the development stage (336,347) (318,889)
Total stockholders' equity 53,337 69,220
Total Liabilities and Stockholders' Equity $ 93,216 $ 110,088