Subsequent Events

9 Months Ended

Sep. 30, 2014

Subsequent Events

Subsequent Events

8. Subsequent Event

In November 2014, Regulus completed a public offering.  As part of the offering, we sold 1,279,411 shares of Regulus’ common stock for total proceeds of $20.4 million, resulting in a $17.8 million gain, which we will recognize in the fourth quarter of 2014.  As part of the public offering, Regulus' directors, executive management team, and some of its stockholders, including us, have agreed that until January 27, 2015, subject to specified exceptions, not to offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of Regulus' common stock or securities convertible into or exchangeable or exercisable for any shares of Regulus' common stock.