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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Net product sales $ 127,931 $ 4,427
Sanofi collaboration revenue 85,005 85,329
Bayer HealthCare collaboration revenue 12,483 12,481
Technology licensing 5,893 7,845
Contract research and other 477 2,122
Total revenues 231,789 112,204
Expenses:    
Research and development 138,862 129,392
Selling, general, and admistrative 58,428 23,411
Cost of goods sold 12,298 382
Total expenses 209,588 153,185
Income (loss) from operations 22,201 (40,981)
Other income (expense):    
Investment income 610 1,037
Interest expense (11,160) (3,719)
Total other income (expense) (10,550) (2,682)
Net income (loss) before income tax benefit 11,651 (43,663)
Income tax benefit    (216)
Net income (loss) - basic and diluted 11,651 (43,447)
Net income (loss) per share - basic (in dollars per share) $ 0.12 $ (0.49)
Net income (loss) per share - diluted (in dollars per share) $ 0.11 $ (0.49)
Weighted average shares outstanding - basic (in shares) 93,446 89,162
Weighted average shares outstanding - diluted (in shares) 107,734 89,162
Condensed Statements of Comprehensive Income (Loss)    
Net income (loss) - basic and diluted 11,651 (43,447)
Other comprehensive income (loss):    
Other comprehensive income, net of tax 525 316
Comprehensive income (loss) $ 12,176 $ (43,131)