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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 $ (41,857) $ (44,377)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 1,317 1,174
Non-cash equity-based compensation expense 7,096 9,236
Non-cash income tax benefit (396) (111)
Amortization of premium/discount on purchased securities 1,841 258
Fair value adjustment of settlement rights   788
Losses (gains) on investments, net 208 (798)
Changes in operating assets and liabilities:    
Accounts receivable, net 972 13,120
Inventories 1,028 (5,787)
Receivable from collaboration (430) (1,029)
Prepaid and other current assets 2,382 542
Accounts payable and accrued expenses 1,413 3,929
Deferred revenues (3,305) 54,669
Other long-term liabilities (172) (145)
Total adjustments 11,954 75,846
Net cash (used in) provided by operating activities (29,903) 31,469
Cash flows from investing activities:    
Proceeds from sales or maturities of available-for-sale investments 71,033 67,475
Purchases of available-for-sale investments (73,912) (179,919)
Capital expenditures (212) (643)
Net cash used in investing activities (3,091) (113,087)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 10 1,084
Proceeds from the issuance of common stock, net of underwriting discounts and other expenses   165,559
Proceeds from the issuance of common stock under ESPP 294 642
Net cash provided by financing activities 304 167,285
Net (decrease) increase in cash and cash equivalents (32,690) 85,667
Cash and cash equivalents at beginning of the period 112,646 50,126
Cash and cash equivalents at end of the period $ 79,956 $ 135,793