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STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
STATEMENTS OF OPERATIONS        
Licensing Revenue (Note 13) $ 0 $ 0 $ 2,000,000 $ 0
Operating expenses:        
Research and development 4,964,022 3,439,302 9,312,658 6,714,597
General and administrative 1,281,984 1,025,369 2,497,267 2,324,487
Total operating expenses 6,246,006 4,464,671 11,809,925 9,039,084
Loss from operations (6,246,006) (4,464,671) (9,809,925) (9,039,084)
Other (expense) income:        
(Loss) gain from valuation of common stock warrant liability (586,171) 1,828,544 (417,860) 258,925
Interest income 97 13,953 564 22,150
Interest and dividend expense (111,945) (8,336) (481,087) (17,528)
Other expense 0 (5) 0 (19)
Total other (expense) income, net (698,019) 1,834,156 (898,383) 263,528
Net Loss $ (6,944,025) $ (2,630,515) $ (10,708,308) $ (8,775,556)
Net loss per common share - basic and diluted (in dollars per share) $ (0.42) $ (0.22) $ (0.72) $ (0.72)
Weighted average shares outstanding - basic and diluted (In shares) 16,366,409 12,231,620 16,366,409 12,231,620
Weighted average shares outstanding for the period (in shares) 14,914,438 12,207,826 14,914,438 12,207,826