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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Manufacturing and royalty revenues $ 114,072 $ 132,028 $ 355,978 $ 373,674
Product sales, net 37,903 25,802 106,212 64,476
Research and development revenue 678 2,162 3,047 5,478
Total revenues 152,653 159,992 465,237 443,628
EXPENSES:        
Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below) 33,806 47,335 104,198 129,464
Research and development 92,558 78,263 250,718 197,610
Selling, general and administrative 89,497 51,888 224,086 145,101
Amortization of acquired intangible assets 14,207 15,244 43,479 42,909
Total expenses 230,068 192,730 622,481 515,084
OPERATING LOSS (77,415) (32,738) (157,244) (71,456)
OTHER (EXPENSE) INCOME, NET:        
Interest income 865 546 2,320 1,380
Interest expense (3,325) (3,356) (9,928) (10,097)
Gain on the Gainesville Transaction 26   9,937  
Increase in the fair value of contingent consideration 1,200   2,700  
Other income (expense), net 629 (921) 1,003 (2,253)
Gain on sale of property, plant and equipment   36   12,321
Gain on sale of investment in Acceleron Pharma Inc.       15,296
Total other (expense) income, net (605) (3,695) 6,032 16,647
LOSS BEFORE INCOME TAXES (78,020) (36,433) (151,212) (54,809)
PROVISION FOR INCOME TAXES 2,995 3,523 6,569 5,766
NET LOSS $ (81,015) $ (39,956) $ (157,781) $ (60,575)
LOSS PER COMMON SHARE:        
Basic and diluted (in dollars per share) $ (0.54) $ (0.27) $ (1.06) $ (0.42)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic and diluted (in shares) 149,512 145,896 148,828 144,732
COMPREHENSIVE LOSS        
Net loss $ (81,015) $ (39,956) $ (157,781) $ (60,575)
Unrealized gains (losses) on marketable securities, net of tax:        
Holding gains (losses), net of tax of $(5), $89, $165 and $7,715, respectively 14 (154) 424 1,855
Reclassification of unrealized gains to realized gains       (15,296)
COMPREHENSIVE LOSS $ (81,001) $ (40,110) $ (157,357) $ (74,016)