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Consolidated Statements of Operations (USD $)
12 Months Ended 73 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Operating expenses:      
Research and development $ 4,102,847 $ 1,673,202 $ 8,883,834
General and administrative 4,555,872 1,724,102 8,251,537
Total operating expenses 8,658,719 3,397,304 17,135,371
Operating loss (8,658,719) (3,397,304) (17,135,371)
Other income (expense):      
Other income     383,000
Interest income 8,759 3,379 20,049
Interest expense (12,676) (564,443) (1,066,331)
Derivatives losses (26,065,579) (3,952,582) (30,018,161)
Other income (expense), net (26,069,496) (4,513,646) (30,681,443)
Net loss $ (34,728,215) $ (7,910,950) $ (47,816,814)
Net loss per share, basic and diluted $ (0.67) $ (0.24) $ (1.56)
Weighted average number of common shares outstanding, basic and diluted 51,894,871 33,367,239 30,707,308