Impairment of Long-Lived Assets

12 Months Ended

Dec. 31, 2012

Impairments [Abstract]

Asset Impairment Charges [Text Block]

IMPAIRMENT OF LONG-LIVED ASSETS:

In the fourth quarter of 2012, the Company recorded an impairment charge on the net carrying value of certain machinery and equipment that was acquired in anticipation of increased capacity requirements for Progesterone production in anticipation of the approval of the preterm birth indication. Throughout 2012, the Company repackaged batches previously meant for the anticipated launch of the preterm birth into CRINONE. This provided Actavis with sufficient volumes such that the Company does not expect any material orders from Actavis during 2013 and potentially into 2014; therefore, the Company determined that that such assets were no longer recoverable and required an impairment charge. The Company recorded a loss of approximately $890,000 which was recorded as a separate line-item on the Statement of Operations.