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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net loss $ (98,337) $ (66,861)
Adjustments to reconcile net loss to net cash used in operating activities    
Non-cash interest expense 2,341  
Depreciation and amortization 1,926 2,943
Stock-based compensation 7,953 4,932
Other non-cash items 810 (587)
Changes in operating assets and liabilities    
Purchased premiums and interest on available-for-sale securities (1,535) (1,760)
Accounts receivable 432 1,372
Accounts payable, accrued expenses and other 19,741 19
Deferred revenues (4,738) (2,001)
Other assets and liabilities, net 3,657 1,561
Net cash used in operating activities (67,750) (60,382)
Cash flows from investing activities    
Purchases of available-for-sale securities (78,699) (73,825)
Proceeds from sales and maturities of available-for-sale securities 74,140 15,500
Purchases of property and equipment (9,061) (1,424)
Other investing activities, net (56) (100)
Net cash used in investing activities (13,676) (59,849)
Cash flows from financing activities    
Proceeds from issuance of common stock, net of issuance costs 28,271 101,910
Proceeds from convertible notes issued by majority owned subsidiary, net of issuance costs 274  
Proceeds from issuance of convertible senior notes, net of issuance costs 120,621  
Payment of dividends on Series B convertible preferred stock (3) (4,176)
Other financing activities, net   (48)
Net cash provided by financing activities 149,163 97,686
Net (decrease) increase in cash and cash equivalents 67,737 (22,545)
Cash and cash equivalents, beginning of period 37,714 50,454
Cash and cash equivalents, end of period 105,451 27,909
Non-cash investing and financing activities    
Conversion of convertible preferred stock to common stock   268,225
Conversion of convertible preferred stock warrants to common stock warrants   929
Reclassification of deferred financing costs to issuance costs 278 2,748
Value of equity premium on convertible senior notes, net of issuance costs, classified in Stockholders' Deficit 51,876  
Dividends on Series B convertible preferred stock declared but not paid   88
Issuance of derivative liability 35  
Disposal of fully depreciated assets 136  
Changes in property and equipment in accounts payable and accrued expenses 1,761  
Supplemental disclosure of cash flows    
Cash paid for interest $ 2,849