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Condensed Consolidated Statements of Operation (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES        
Net product revenues (including amounts from related party: six months 2012 - $2,163,183; 2011 - $938,340; three months 2012 - $1,922,782; 2011 - $511,560) $ 7,361,829 $ 4,942,085 $ 10,480,461 $ 8,407,029
Royalties (including amounts from related party: six months 2012 - $1,327,558; 2011 - $1,142,818; three months 2012 - $727,558; 2011 - $602,818) 834,211 686,719 1,514,588 1,287,532
Other revenues (including amounts from related party: six months 2012 - $0; 2011 - $21,984,800; three months 2012 - $0 ; 2011 - $13,590,874) 34,496 13,615,315 69,028 22,043,897
Total net revenues 8,230,536 19,244,119 12,064,077 31,738,458
COST OF PRODUCT REVENUES        
Cost of product revenues (including amounts from related party: six months 2012 - $1,966,333; 2011 - $817,488; three months 2012 - $1,747,809; 2011 - $429,355) 4,465,846 3,002,088 6,468,832 5,036,926
Gross profit 3,764,690 16,242,031 5,595,245 26,701,532
OPERATING EXPENSES:        
Selling and distribution 0 29,827 0 87,669
General and administrative 1,923,356 2,500,326 4,474,681 4,856,804
Research and development (net of reimbursement from related party:        
Research and development (net of reimbursement from related party: six months 2012 - $435,199; 2011 - $2,215,176; three months 2012 - $3,092; 2011 - $1,917,565) 159,072 507,949 712,750 1,853,550
Net gain on U.S. sale of STRIANT 0 (2,533,127) 0 (2,533,127)
Total operating expenses 2,082,428 504,975 5,187,431 4,264,896
Income from operations 1,682,262 15,737,056 407,814 22,436,636
OTHER INCOME (EXPENSE):        
Interest income 63,624 3,002 122,745 4,527
Interest expense 0 (3,888) 0 (7,776)
Change in fair value of redeemable warrants 0 0 0 (2,721,205)
Change in fair value of stock warrants 205,700 2,797,928 6,465,067 (2,260,183)
Other, net (8,776) (218,327) (95,747) (320,187)
Total other income (expense) 260,548 2,578,715 6,492,065 (5,304,824)
Income before taxes 1,942,810 18,315,771 6,899,879 17,131,812
Provision for income taxes 0 (1,576) (2,676) (4,504)
NET INCOME $ 1,942,810 $ 18,314,195 $ 6,897,203 $ 17,127,308
NET INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 0.02 $ 0.21 $ 0.08 $ 0.20
Diluted (in dollars per share) $ 0.02 $ 0.16 $ 0.00 $ 0.19
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 87,305,184 86,982,750 87,300,585 85,352,044
Diluted (in shares) 87,344,009 95,851,956 87,300,585 89,534,165