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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Licensing agreement $ 6,678 $ 6,678 $ 13,284 $ 13,284
Royalty revenue 752 70 1,647 2,137
Product sales   1,542   5,290
Total revenues 7,430 8,290 14,931 20,711
Operating expenses:        
Cost of sales, product   1,516   2,891
Research and development 5,999 2,403 10,266 4,444
General and administrative 2,572 2,842 5,430 5,331
Intangible asset amortization 372 372 741 741
Total operating expenses 8,943 7,133 16,437 13,407
Income (loss) from operations (1,513) 1,157 (1,506) 7,304
Interest income 121 86 256 133
Income (loss) before tax provision (1,392) 1,243 (1,250) 7,437
Tax provision (benefit) (51) (37) (45) 5,628
Net income (loss) $ (1,341) $ 1,280 $ (1,205) $ 1,809
Net income (loss) per share:        
Basic $ (0.05) $ 0.05 $ (0.04) $ 0.07
Diluted $ (0.05) $ 0.04 $ (0.04) $ 0.06
Shares used in calculation of net income (loss) per share:        
Basic 28,103,441 27,896,889 28,102,774 27,802,298
Diluted 28,103,441 28,438,118 28,102,774 28,383,142