CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended		79 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Cash Flows From Operating Activities:
Net loss	$ (17,581,092)	$ (8,258,789)	$ (87,190,110)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	988	988	8,138
Loss on disposal of property and equipment	2,321		2,321
Stock-based compensation expense	792,298	296,558	3,760,947
Accretion of discount/premium on investment securities	(160,576)		(160,576)
Purchased in-process research and development			28,156,502
Change in fair value of derivative instruments-warrants	1,309,401	1,036,375	(4,244,414)
Changes in operating assets and liabilities:
Security deposit	(5,486)		(19,511)
Accounts payable and accrued expenses	2,172,563	(191,634)	4,196,519
Prepaid expenses and other current assets	(345,317)	136,185	(1,408,719)
Total Adjustments	3,766,192	1,278,472	30,291,207
Net Cash Used in Operating Activities	(13,814,900)	(6,980,317)	(56,898,903)
Cash Flows From Investing Activities:
Net cash paid on Exchange Transaction			(155,326)
Repayment from/(loans to) related parties	(395,153)	295,614	(1,936,609)
Purchases of available-for-sale securities	(20,000,000)		(20,000,000)
Additions to property and equipment			(12,195)
Net Cash (Used in)/Provided by Investing Activities	(20,395,153)	295,614	(22,104,130)
Cash Flows From Financing Activities:
Capital contribution by shareholders			8,893
Issuance of common stock			2,000
Proceeds from sale of common stock	51,750,000	5,461,242	112,293,164
Proceeds from exercise of warrants		415,309	415,309
Proceeds from sale of unregistered common stock to founders			18,100
Fees and expenses related to sale of common stock	(3,357,930)	(395,620)	(6,307,533)
Net Cash Provided by Financing Activities	48,392,070	5,480,931	106,429,933
Net increase (decrease) in cash and cash equivalents	14,182,017	(1,203,772)	27,426,900
Cash and cash equivalents at beginning of period	13,244,883	1,707,516
Cash and cash equivalents at end of period	27,426,900	503,744	27,426,900
Supplementary disclosure of cash flow information:
Cash paid for taxes	11,948	8,021	83,564
Value of warrants classified as derivative liability - net	169,203	3,920,500	9,048,132
Value of common stock issued to induce stockholders to extend lock-up agreements			$ 3,235,040