COMMITMENTS AND CONTINGENCIES (Details Textual) (USD $)	1 Months Ended				3 Months Ended		9 Months Ended		12 Months Ended		12 Months Ended		12 Months Ended							9 Months Ended	12 Months Ended
	Jan. 31, 2007	May 31, 2006	Feb. 28, 2006	Feb. 28, 2005	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2004	Dec. 31, 2011	Dec. 31, 2006 Finders Agreement [Member] Warrant [Member]	Jun. 30, 2012 Finders Agreement [Member] Warrant [Member]	Dec. 31, 2010 Use Rights [Member] License Agreement With Gopal Nair [Member]	Dec. 31, 2009 Use Rights [Member] License Agreement With Gopal Nair [Member]	Dec. 31, 2008 Use Rights [Member] License Agreement With Gopal Nair [Member]	Dec. 31, 2007 Use Rights [Member] License Agreement With Gopal Nair [Member]	Dec. 31, 2006 Use Rights [Member] License Agreement With Gopal Nair [Member]	Dec. 31, 2005 Use Rights [Member] License Agreement With Gopal Nair [Member]	Dec. 31, 2004 Use Rights [Member] License Agreement With Gopal Nair [Member]	Sep. 30, 2012 Use Rights [Member] License Agreement With Dainippon Sumitomo Pharma [Member]	Dec. 31, 2011 Use Rights [Member] License Agreement With Dainippon Sumitomo Pharma [Member]	Dec. 31, 2008 Use Rights [Member] License Agreement With Dainippon Sumitomo Pharma [Member]	Dec. 31, 2006 Use Rights [Member] License Agreement With Dainippon Sumitomo Pharma [Member]
Initial Payment Towards Use Of Rights As Per License Agreement																			$ 150,000				$ 100,000
Common Stock Shares Issued During Period Towards Milestone Payment															30,612	26,643
Fair Value Of Common Stock Issued During Period Towards Milestone Payment															$ 4.9	$ 5.63
Value Of Common Stock Issued During Period Towards Milestone Payment																150,000	100,000	100,000
Milestone Payment Made During Period													100,000	150,000	100,000						750,000	500,000
Common Stock Shares Issued During Period Towards Right To Use Intellectual Property																							63,131
Fair Value Of Common Stock Issued During Period Towards Right To Use Intellectual Property																							$ 4.35
Value Of Common Stock Issued During Period Towards Right To Use Intellectual Property																							274,621
Potential Future Milestone Payments												150,000	1,500,000								2,500,000
Common stock and warrants, aggregate fair value	433,750		705,000	26,700					14,400
Common stock warrants, purchase price (in dollars per share)		$ 4.31	$ 3.30	$ 2.62					$ 2.88
Warrants issued to purchase common stock	0	250,000	716,666	105,516					483,701
Weighted average risk-free interest rate					0.69%	1.08%	0.74%	1.91%			4.79%
Expected life of options					5 years	5 years	5 years	5 years			3 years
Expected dividend yield					0.00%	0.00%	0.00%	0.00%			0.00%
Weighted average expected volatility					95.69%	89.06%	89.73%	87.72%			66.01%
Research and Development Expense (Excluding Acquired in Process Cost)							1,200,000	3,800,000												3,100,000
Purchase Commitment, Remaining Minimum Amount Committed					$ 5,800,000		$ 5,800,000			$ 6,600,000