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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (37,245) $ (33,462)
Loss from discontinued operations   (1,816)
Loss from continuing operations (37,245) (31,646)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 5,037 2,718
Loss on disposal of property and equipment   223
Share-based compensation expense 5,649 3,253
Accretion of discount/premium on investment securities 1,342 487
Changes in assets and liabilities:    
Accounts receivable 268 621
Restricted cash 2,833 (2,348)
Prepaid expenses and other current assets 662 (1,253)
Other assets 60 (277)
Accounts payable and accrued expenses 1,571 425
Accrued research and development costs (2,711) (3,828)
Deferred revenue (20,734) (17,223)
Deferred rent 250 6,814
Other liabilities 897  
Net cash used in operating activities from continuing operations (42,121) (42,034)
Net cash used in operating activities from discontinued operations   (2,443)
Total net cash used in operating activities (42,121) (44,477)
Cash flows from investing activities:    
Purchases of available-for-sale securities (57,082) (274,131)
Sales and maturities of available-for-sale securities 106,586 37,467
Purchases of property and equipment (5,467) (8,604)
Net cash provided by (used in) investing activities from continuing operations 44,037 (245,268)
Net cash provided by investing activities from discontinued operations   1
Total net cash provided by (used in) investing activities 44,037 (245,267)
Cash flows from financing activities:    
Proceeds from initial public offering   203,167
Proceeds from exercise of stock options, stock purchase plan and issuance of restricted stock 2,094 466
Payments on borrowings (146) (657)
Net cash provided by financing activities from continuing operations 1,948 202,976
Net cash used in financing activities from discontinued operations   (181)
Net cash provided by financing activities 1,948 202,795
Net increase (decrease) in cash and cash equivalents 3,864 (86,949)
Cash and cash equivalents, beginning of period 44,321 122,306
Cash and cash equivalents, end of period 48,185 35,357
Supplemental cash flow disclosures:    
Cash paid for interest (including discontinued operations) 35 180
Purchases under capital leases $ 325 $ 487