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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended 91 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Cash Flows From Operating Activities:      
Net loss $ (28,736) $ (17,581) $ (137,789)
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:      
Depreciation   1 10
Loss on disposal of property and equipment   2 2
Stock-based compensation expense 2,168 792 7,652
Accretion of discount/premium on investment securities 98 (160) 12
Purchased in-process research and development     28,157
Change in fair value of derivative instruments-warrants (710) 1,309 (4,331)
Changes in operating assets and liabilities:      
Security deposit   (6) (20)
Accounts payable and accrued expenses (623) 2,173 5,844
Prepaid expenses and other current assets (802) (345) (2,349)
Total Adjustments 131 3,766 34,977
Net Cash Used in Operating Activities (28,605) (13,815) (102,812)
Cash Flows From Investing Activities:      
Net liabilities assumed in connection with Exchange Agreement     (155)
Loans to related parties (270) (395) (3,576)
Purchases of available-for-sale securities (64,000) (20,000) (84,000)
Additions to property and equipment (459)   (501)
Net Cash Used in Investing Activities (64,729) (20,395) (88,232)
Cash Flows From Financing Activities:      
Proceeds from sale of common stock 94,734 51,750 211,168
Fees and expenses related to sale of common stock (5,623) (3,358) (12,346)
Proceeds from exercise of stock warrants     415
Proceeds from exercise of stock options 119   119
Net Cash Provided by Financing Activities 89,230 48,392 199,356
Net (decrease) increase in cash and cash equivalents (4,104) 14,182 8,312
Cash and cash equivalents at beginning of period 12,416 13,245  
Cash and cash equivalents at end of period 8,312 27,427 8,312
Supplementary disclosure of cash flow information:      
Cash paid for taxes 27 12 167
Supplementary disclosure of non-cash investing and financing activities:      
Value of warrants classified as derivative liability-net (3,575) 169 5,304
Value of common stock issued to induce stockholders to extend lock-up agreements     3,235
Recapitalization of Synergy $ 4,904   $ 4,904