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RESEARCH AND DEVELOPMENT COLLABORATIVE AGREEMENTS (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Research and development collaborative agreements        
Total recognized revenue $ 1,845,021 $ 1,060,057 $ 4,396,132 $ 4,743,170
Collaborative agreements | Pfizer Inc.
       
Research and development collaborative agreements        
Cost reimbursements       1,916,250
Amortization of license and development fees 1,845,021 1,060,057 4,336,036 2,826,920
Total recognized revenue 1,845,021 1,060,057 4,336,036 4,743,170
Collaborative agreements | Pfizer Inc. | Maximum
       
Research and development collaborative agreements        
Eligible milestone payment to be received, on exercise of option for worldwide rights to iSONEP by counterparty $ 497,500,000   $ 497,500,000