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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
9 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues          
Development and milestone revenues $ 391 $ 761 $ 803 $ 106 $ 1,050
Royalty revenues         36,875
Total revenues 391 761 803 106 37,925
Costs and expenses          
Research and development 18,367 23,126 30,627 35,149 29,260
Selling, general and administrative 11,450 5,143 7,928 5,080 4,649
Total costs and expenses 29,817 28,269 38,555 40,229 33,909
Operating income (loss) from continuing operations (29,426) (27,508) (37,752) (40,123) 4,016
Other income (expense):          
Interest income 91 29 31 107 122
Interest expense (2,771) (1,357) (1,866)    
Other income (expense) (665) 30 117 542  
Total other income (expense) (3,345) (1,298) (1,718) 649 122
Income (loss) from continuing operations before income tax benefit (32,771) (28,806) (39,470) (39,474) 4,138
Income tax benefit     16,245 399  
Income (loss) from continuing operations (32,771) (28,806) (23,225) (39,075) 4,138
Discontinued Operations:          
Income (loss) from discontinued operations, net of tax   646 2,188 612 (3,678)
Gain on disposal of discontinued operations, net of tax     74,852    
(Loss) income from discontinued operations   646 77,040 612 (3,678)
Net income (loss) (32,771) (28,160) 53,815 (38,463) 460
Cumulative dividends on Series A convertible preferred stock (1,143) (2,573) (3,430) (3,430) (3,430)
Net income (loss) attributable to common stockholders $ (33,914) $ (30,733) $ 50,385 $ (41,893) $ (2,970)
Basic          
Continuing operations (in dollars per share) $ (2.36) $ (19.68) $ (16.60) $ (26.77) $ 0.50
Discontinued operations (in dollars per share)   $ 0.40 $ 47.99 $ 0.39 $ (2.60)
Net income (loss) (in dollars per share) $ (2.36) $ (19.28) $ 31.39 $ (26.38) $ (2.10)
Diluted          
Continuing operations (in dollars per share) $ (2.36) $ (19.68) $ (16.60) $ (26.77) $ 0.29
Discontinued operations (in dollars per share)   $ 0.40 $ 47.99 $ 0.39 $ (0.26)
Net income (loss) (in dollars per share) $ (2.36) $ (19.28) $ 31.39 $ (26.38) $ 0.03
Weighted-average number of common shares:          
Basic (in shares) 14,356,546 1,594,288 1,605,324 1,587,968 1,413,374
Diluted (in shares) 14,356,546 1,594,288 1,605,324 1,587,968 14,081,186