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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Royalty income $ 728 $ 1,240 $ 4,181 $ 1,767
Collaboration revenue 136 2,855 521 76,398
Research grants 243 1,681 417 4,346
Other revenues 10 28 44 88
Total revenues 1,117 5,804 5,163 82,599
Expenses:        
Research and development 7,551 12,406 26,417 44,887
License fees - research and development 510 114 660 566
Royalty expense 73 147 420 274
General and administrative 4,007 4,064 11,753 14,213
Depreciation and amortization 291 520 1,063 1,581
Total expenses 12,432 17,251 40,313 61,521
Operating (loss) income (11,315) (11,447) (35,150) 21,078
Other income:        
Interest income 14 15 43 49
Total other income 14 15 43 49
Net (loss) income $ (11,301) $ (11,432) $ (35,107) $ 21,127
Net (loss) income per share - basic $ (0.33) $ (0.34) $ (1.04) $ 0.63
Weighted-average shares - basic 33,848 33,710 33,803 33,501
Net (loss) income per share - diluted $ (0.33) $ (0.34) $ (1.04) $ 0.63
Weighted-average shares - diluted 33,848 33,710 33,803 33,664