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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
License revenue $ 200,000 $ 0 $ 200,000 $ 0
Expenses:        
Research and development 4,626,244 2,686,465 7,815,003 7,087,980
General and administrative 1,970,930 2,091,856 3,788,255 4,006,572
Total Expenses 6,597,174 4,778,321 11,603,258 11,094,552
Loss before other income (loss) (6,397,174) (4,778,321) (11,403,258) (11,094,552)
Other income (loss):        
Interest income 35,564 27,547 75,822 63,005
Other income, net 4,761 16,491 201,698 50,551
Gain (loss) on warrant derivative liability 2,933,707 (8,528,192) 838,487 (12,416,358)
Net loss $ (3,423,142) $ (13,262,475) $ (10,287,251) $ (23,397,354)
Basic and diluted net loss per share (in dollars per share) $ (0.11) $ (0.63) $ (0.34) $ (1.10)
Basic and diluted weighted average shares outstanding (in shares) 30,418,435 21,204,499 30,417,906 21,203,754