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Condensed Consolidated Statements of Operation (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Net product revenues (including amounts from related parties: six months 2011 - $938,340; 2010 - $0, three months 2011 - $511,560; 2010 - $0) $ 4,942,085 $ 9,480,911 $ 8,407,029 $ 16,584,667
Royalties (including amounts from related parites: six months 2011 - $1,142,818; 2010 - $0, three months 2011 - $602,818; 2010 - $0) 686,719 (48,386) 1,287,532 3,970
Other revenues (including amounts from related parties: six months 2011 - $21,984,800; 2010 - $0, three months 2011 - $13,590,874; 2010 - $0) 13,615,315 16,560 22,043,897 33,347
Total net revenues 19,244,119 9,449,085 31,738,458 16,621,984
COST OF PRODUCT REVENUES        
Cost of product revenues (including amounts from related parties: six months 2011 - $817,488; 2010 - $0, three months 2011 - $429,355; 2010 - $0) 3,002,088 2,085,656 5,036,926 3,262,235
Gross profit 16,242,031 7,363,429 26,701,532 13,359,749
OPERATING EXPENSES:        
Selling and distribution 29,827 2,706,312 87,669 5,956,631
General and administrative 2,500,326 3,985,400 4,856,804 8,111,718
Research and development (net of reimbursement from related parties: six months 2011 - $2,215,176; 2010 - $0 three months 2011 - $1,917,565; 2010 - $0) 507,949 2,233,317 1,853,550 4,575,135
Net gain on U.S. sale of STRIANT (2,533,127) 0 (2,533,127) 0
Amortization of licensing right 0 1,261,182 0 2,522,364
Total operating expenses 504,975 10,186,211 4,264,896 21,165,848
Income (loss) from operations 15,737,056 (2,822,782) 22,436,636 (7,806,099)
OTHER INCOME (EXPENSE):        
Interest income 3,002 589 4,527 2,209
Interest expense (3,888) (2,517,298) (7,776) (4,820,092)
Change in fair value of derivative 0 1,019,114 0 (4,829,036)
Change in fair value of redeemable warrants 0 0 (2,721,205) 0
Change in fair value of stock warrants 2,797,928 0 (2,260,183) 0
Other, net (218,327) 93,025 (320,187) (17,660)
Total other income (expense) 2,578,715 (1,404,570) (5,304,824) (9,664,579)
Income (loss) before taxes 18,315,771 (4,227,352) 17,131,812 (17,470,678)
State income taxes (1,576) 0 (4,504) (2,200)
NET INCOME (LOSS) $ 18,314,195 $ (4,227,352) $ 17,127,308 $ (17,472,878)
NET INCOME (LOSS) PER COMMON SHARE:        
Basic $ 0.21 $ (0.06) $ 0.2 $ (0.27)
Diluted $ 0.16 $ (0.06) $ 0.19 $ (0.27)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic 86,982,750 65,381,371 85,352,044 65,385,125
Diluted 95,851,956 65,381,371 89,534,165 65,385,125