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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue:    
License revenue$ 0$ 0$ 150,000$ 0
Expenses:    
Research and development3,220,0982,845,1819,927,4587,964,049
General and administrative1,739,1481,848,0285,913,2096,553,404
Total Expenses4,959,2464,693,20915,840,66714,517,453
Loss before other income(4,959,246)(4,693,209)(15,690,667)(14,517,453)
Other income:    
Interest income56,45271,947162,151244,668
Other income, net28,46825,69781,11861,394
Gain on warrant derivative liability4,316,560181,4995,494,3221,593,076
Gain on sale of affiliate's shares - RXi Pharmaceutical0008,887,614
Loss before provision for income taxes(557,766)(4,414,066)(9,953,076)(3,730,701)
Provision for income taxes0000
Net loss(557,766)(4,414,066)(9,953,076)(3,730,701)
Other comprehensive income (loss) (net of tax)    
Unrealized gain (loss) on available-for-sale securities(263,340)773,470115,9208,817,561
Comprehensive income (loss)$ (821,106)$ (3,640,596)$ (9,837,156)$ 5,086,860
Basic and diluted net loss per share (in dollars per share)$ 0.00$ (0.04)$ (0.08)$ (0.03)
Basic and diluted weighted-average shares outstanding (in shares)134,792,286109,131,738117,842,198109,055,634