XML 38 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Collaboration revenue $ 40,023 $ 145 $ 41,144 $ 1,512
Royalty income 1,626 719 3,728 3,052
Research grants 0 0 0 275
Other revenues 7 3 76 55
Total revenues 41,656 867 44,948 4,894
Expenses:        
Research and development 6,728 7,905 21,495 26,205
License fees - research and development 10 91 280 314
Royalty expense 319 73 548 308
General and administrative 3,895 3,131 11,156 11,350
Depreciation and amortization 142 179 419 774
Intangible impairment charge 576 0 576 0
Change in contingent consideration liability 500 0 1,400 0
Total expenses 12,170 11,379 35,874 38,951
Other Operating Income 7,250 0 7,250 0
Operating income (loss) 36,736 (10,512) 16,324 (34,057)
Other income:        
Interest income 12 12 37 36
Total other income 12 12 37 36
Net income (loss) before income tax benefit 36,748 (10,500) 16,361 (34,021)
Income tax benefit 227 0 228 0
Net income (loss) $ 36,975 $ (10,500) $ 16,589 $ (34,021)
Net income (loss) per share - basic $ 0.53 $ (0.17) $ 0.24 $ (0.63)
Weighted-average shares - basic 69,556 60,599 67,712 54,104
Net income (loss) per share - diluted $ 0.51 $ (0.17) $ 0.24 $ (0.63)
Weighted-average shares - diluted 72,879 60,599 67,727 54,104