CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended		82 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
Cash Flows From Operating Activities:
Net loss	$ (27,466,379)	$ (8,841,640)	$ (97,075,397)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	1,482	1,482	8,632
Loss on disposal of property and equipment	2,321		2,321
Stock-based compensation expense	1,345,086	307,284	4,313,735
Accretion of discount/premium on investment securities	(123,315)		(123,315)
Purchased in-process research and development			28,156,502
Change in fair value of derivative instruments-warrants	1,169,079	(3,346,421)	(4,384,736)
Changes in operating assets and liabilities:
Security deposit	(5,486)		(19,511)
Accounts payable and accrued expenses	2,228,195	1,788,345	4,252,151
Prepaid expenses and other current assets	(221,844)	409,177	(1,285,246)
Total Adjustments	4,395,518	(840,133)	30,920,533
Net Cash Used in Operating Activities	(23,070,861)	(9,681,773)	(66,154,864)
Cash Flows From Investing Activities:
Net cash paid on Exchange Transaction			(155,326)
Repayment from/(loans to) related parties	(1,114,138)	246,906	(2,655,594)
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	(21,114,138)	246,906	(22,823,115)
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	8,040,464	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	(3,565,835)	(661,052)	(6,515,438)
Net Cash Provided by Financing Activities	48,184,165	7,794,721	106,222,028
Net increase (decrease) in cash and cash equivalents	3,999,166	(1,640,146)	17,244,049
Cash and cash equivalents at beginning of period	13,244,883	1,707,516
Cash and cash equivalents at end of period	17,244,049	67,370	17,244,049
Supplementary disclosure of cash flow information:
Cash paid for taxes	18,465	9,104	90,081
Value of warrants classified as derivative liability - net	169,203	4,205,628	9,048,132
Value of common stock issued to induce stockholders to extend lock-up agreements			$ 3,235,040