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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 82 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Costs and Expenses:          
Research and development $ 8,245,620 $ 3,882,803 $ 21,210,028 $ 7,715,379 $ 49,623,182
Purchased in-process research and development         28,156,502
General and administrative 1,843,150 1,102,844 5,492,766 4,524,875 25,137,408
Loss from Operations (10,088,770) (4,985,647) (26,702,794) (12,240,254) (102,917,092)
Interest and investment income 63,161 20,000 149,955 64,070 428,141
Interest expense       (11,877) (11,877)
Other income     255,539   1,112,516
Change in fair value of derivative instruments-warrants 140,322 4,382,796 (1,169,079) 3,346,421 4,384,736
Total Other Income/(Expense) 203,483 4,402,796 (763,585) 3,398,614 5,913,516
Loss from Continuing Operations (9,885,287) (582,851) (27,466,379) (8,841,640) (97,003,576)
Loss from discontinued operations         (71,821)
Net Loss $ (9,885,287) $ (582,851) $ (27,466,379) $ (8,841,640) $ (97,075,397)
Weighted Average Common Shares Outstanding Basic and Diluted (in shares) 65,806,178 47,308,946 [1] 60,194,004 46,708,403 [1]  
Net Loss per Common Share, Basic and Diluted (in dollars per share) $ (0.15) $ (0.01) [1] $ (0.46) $ (0.19) [1]  
[1] Restated for 1:2 reverse stock split effective November 30, 2011.