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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS    
Revenue $ 0  
Expenses:    
General and administrative 11,098,577 $ 10,926,777
Research and development 27,401,669 20,286,826
Impairment of goodwill 16,902,466  
Change in fair value of contingent consideration (10,411,686) 2,572,000
Total expenses 44,991,026 33,785,603
Loss from operations (44,991,026) (33,785,603)
Change in fair value of derivative liabilities 2,370,193 1,073,198
Debt exchange expense (818,541)  
Interest and other income 99,605 112,815
Interest expense (6,384,285) (3,359,389)
Net loss $ (49,724,054) $ (35,958,979)
Per share information:    
Net loss per common share: Basic (in dollars per share) $ (2.10) $ (1.61)
Net loss per common share: Diluted (in dollars per share) $ (2.10) $ (1.63)
Weighted average shares outstanding: Basic (in shares) 23,692,327 22,290,069
Weighted average shares outstanding: Diluted (in shares) 23,730,375 22,351,689
Net loss $ (49,724,054) $ (35,958,979)
Foreign currency gains losses (1,759) (69,031)
Unrealized gains/(losses) on available-for-sale securities 7,146 (8,117)
Comprehensive loss $ (49,718,667) $ (36,036,127)