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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue:    
License fees and milestones$ 1,012,500$ 37,500$ 1,087,500$ 824,167
Collaborative research and development.250,000250,000750,000750,000
Total revenue1,262,500287,5001,837,5001,574,167
Operating expense:    
Research and development5,675,3944,700,98716,847,52914,406,501
General and administrative888,887877,1773,051,2022,860,052
Total operating expense6,564,2815,578,16419,898,73117,266,553
Loss from operations.(5,301,781)(5,290,664)(18,061,231)(15,692,386)
Other income (loss), net(7,118)(1,107)1,48414,607
Interest income, net32,43418,30953,65152,374
Net loss$ (5,276,465)$ (5,273,462)$ (18,006,096)$ (15,625,405)
Basic and diluted net loss per share$ (0.07)$ (0.08)$ (0.25)$ (0.25)
Weighted average shares used to compute basic and diluted net loss per share78,119,69462,248,26571,933,55661,884,023