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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 73 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Costs and Expenses:        
Research and development $ 13,418,754 $ 9,558,608 $ 3,732,734 $ 28,413,154
Purchased in-process research and development       28,156,502
General and administrative 6,745,642 6,562,658 4,467,289 19,644,642
Loss from Operations (20,164,396) (16,121,266) (8,200,023) (76,214,298)
Interest and investment income 89,708 108,562 74,923 278,186
Interest Expense (11,877)     (11,877)
Other income 362,498 494,479   856,977
Change in fair value of derivative instruments-warrants 5,257,031 296,784   5,553,815
Total Other Income 5,697,360 899,825 74,923 6,677,101
Loss from Continuing Operations (14,467,036) (15,221,441) (8,125,100) (69,537,197)
Loss from discontinued operations       (71,821)
Net loss $ (14,467,036) $ (15,221,441) $ (8,125,100) $ (69,609,018)
Weighted Average Common Shares Outstanding Basic (restated for stock split) (in shares) 47,598,240 44,875,356 36,640,663  
Weighted Average Common Shares Outstanding Diluted (restated for stock split) (in shares) 47,598,240 44,875,356 36,640,663  
Net Loss per Common Share, Basic and Diluted        
Net Loss per Common Share, Basic and Diluted (in dollars per share) $ (0.30) $ (0.34) $ (0.22)