Intangible Assets and Goodwill (Tables)

3 Months Ended

Mar. 31, 2012

Intangible Assets and Goodwill

Schedule of intangible assets by category

	Gross				Intangible		Weighted
	Carrying		Accumulated		Assets,		Average
March 31, 2012	Value		Amortization		Net		Life (Years)
Amortizable intangible assets:
Acquired developed product rights	$	2,186,000	$	(700,207)	$	1,485,793	11.9
Technology	359,334		(6,201)		353,133		7.0
Licenses	64,250		(7,067)		57,183		16.8
Other	40,615		(11,242)		29,373		8.8
	2,650,199		(724,717)		1,925,482		11.2
Non-amortized intangible assets:
Acquired IPR&D product rights	1,413,748		-		1,413,748
Total intangible assets	$	4,063,947	$	(724,717)	$	3,339,230

	Gross				Intangible		Weighted
	Carrying		Accumulated		Assets,		Average
December 31, 2011	Value		Amortization		Net		Life (Years)
Amortizable intangible assets:
Acquired developed product rights	$	2,186,000	$	(666,142)	$	1,519,858	11.9
Technology		2,534		(190)	2,344		10.0
Licenses	64,250		(6,108)		58,142		16.8
Other	40,600		(10,246)		30,354		8.8
	2,293,384		(682,686)		1,610,698		11.9
Non-amortized intangible assets:
Acquired IPR&D product rights	1,234,000		-		1,234,000
Total intangible assets	$	3,527,384	$	(682,686)	$	2,844,698

Schedule of changes in carrying value of goodwill

Balance at December 31, 2011	$	1,887,220
Acquisition of Avila		145,078
Tax benefit on the exercise of Pharmion converted stock options	(422)
Balance at March 31, 2012	$	2,031,876