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STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of changes to the number of stock options granted by the Company and their weighted average exercise price
The following table summarizes our stock option activity and related information for the year ended December 31, 2013:
 
Number of
options
 
Weighted
average
exercise
price
 
Weighted-Average Remaining Contractual Term (years)
 
Aggregate Intrinsic Value (millions)
Options outstanding at December 31, 2012
559,812

 
$
15.00

 
 
 
 
Granted
687,040

 
11.21

 
 
 
 
Forfeited
(244,060
)
 
16.96

 
 
 
 
Expired
(3,756
)
 
54.37

 
 
 
 
Exercised
(40,534
)
 
13.90

 
 
 
 
Options outstanding at December 31, 2013
958,502

 
$
11.18

 
6.6
 
$
5.4

Options exercisable at December 31, 2013
251,981

 
$
10.57

 
5.0
 
$
1.7

Options vested and expected to vest at December 31, 2013
896,778

 
$
11.18

 
6.5
 
$
5.1

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
Total stock-based compensation expense by operating statement classification is presented below (in thousands):
 
Year ended December 31,
 
2013
 
2012
Research and development expense
$
245

 
817

General and administrative expense
2,947

 
1,192

 
$
3,192

 
$
2,009

Schedule of assumptions used to estimate the fair value of options granted at the date of grant using the Black-Scholes option pricing model
The assumptions used for the specified reporting periods and the resulting estimates of weighted-average estimated fair value per share of options granted during those periods are as follows:
 
 
Year Ended
December 31,
 
 
2013
 
2012
Risk-free interest rate
 
2.0%
 
1.2%
Dividend yield
 
—%
 
—%
Volatility factor
 
112.9%
 
116.4%
Expected life in years
 
7
 
4.4
Weighted average estimated fair value per share
 
$11.21
 
$9.00