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Statements of Operations (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Licensing revenue $ 125,000  
Operating expenses:    
Research and development 3,203,177 4,693,007
General and administrative 1,688,729 1,570,466
Total operating expenses 4,891,906 6,263,473
Loss from operations (4,766,906) (6,263,473)
Other income (expense):    
Gain from valuation of common stock warrant liability 4,280,297 77,600
Investment income, net 16,563 5,333
Interest expense (180,928) (5,701)
Total other income, net 4,115,932 77,232
Net Loss (650,974) (6,186,241)
Non-cash deemed dividends from beneficial conversion feature on convertible preferred stock (4,601,410)  
Net loss attributable to common shareholders $ (5,252,384) $ (6,186,241)
Net loss attributable to common shareholders per common share – basic and diluted (in Dollars per share) $ (0.12) $ (0.19)
Weighted average shares outstanding – basic and diluted (in Shares) 42,996,004 33,197,196