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Condensed Consolidated Statements of Operation (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES    
Net product revenues (including amounts from related party: three months 2012 - $240,401; 2011 - $426,780 ) $ 3,118,632 $ 3,464,944
Royalties (including amounts from related party: three months 2012 - $600,000; 2011 - $540,000) 680,377 600,813
Other revenues (including amounts from related party: three months 2012 - $0 ; 2011 - $8,393,926) 34,532 8,428,582
Total net revenues 3,833,541 12,494,339
COST OF PRODUCT REVENUES    
Cost of product revenues (including amounts from related party: three months 2012 - $218,546 ; 2011 - $388,133) 2,002,986 2,034,838
Gross profit 1,830,555 10,459,501
OPERATING EXPENSES:    
Selling and distribution 0 57,842
General and administrative 2,551,325 2,356,478
Research and development (net of reimbursement from related party: three months 2012 - $428,031; 2011 - $0 ) 553,678 1,345,601
Total operating expenses 3,105,003 3,759,921
(Loss) income from operations (1,274,448) 6,699,580
OTHER INCOME (EXPENSE):    
Interest income 59,121 1,525
Interest expense 0 (3,888)
Change in fair value of redeemable warrants 0 (2,721,205)
Change in fair value of stock warrants 6,259,367 (5,058,111)
Other, net (86,971) (101,860)
Total other income (expense) 6,231,517 (7,883,539)
Income (loss) before taxes 4,957,069 (1,183,959)
Provision for income taxes (2,676) (2,928)
NET INCOME (LOSS) $ 4,954,393 $ (1,186,887)
NET INCOME (LOSS) PER COMMON SHARE:    
Basic $ 0.06 $ (0.01)
Diluted $ (0.02) $ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic 87,295,985 83,703,219
Diluted 87,295,985 83,703,219