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Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2011
Significant Accounting Policies 
Components of Comprehensive loss

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Comprehensive loss:

 

 

 

 

 

 

 

 

 

Unrealized holding gains (losses)

 

$

(1,552

)

$

221

 

$

(2,102

)

$

(66

)

Reclassification adjustment for realized loss included in net loss

 

 

 

 

(925

)

Net loss

 

(26,882

)

(12,454

)

(64,765

)

(47,265

)

Comprehensive loss

 

$

(28,434

)

$

(12,233

)

$

(66,867

)

$

(48,256

)

Schedule of weighted-average assumptions used for valuation of Employee Stock Options

 

Nine Months Ended
September 30,

 

 

 

2011

 

2010

 

Risk-free interest rate

 

2.3

%

2.8

%

Dividend yield

 

0.0

%

0.0

%

Volatility

 

52.4

%

55.7

%

Expected Life

 

5.3 years

 

5.2 years

 

 

Board of Director Stock Options:

 

 

 

Nine Months Ended
September 30,

 

 

 

2011

 

2010

 

Risk-free interest rate

 

2.9

%

2.7

%

Dividend yield

 

0.0

%

0.0

%

Volatility

 

52.8

%

57.7

%

Expected Life

 

7.8 years

 

7.8 years

Schedule of weighted-average assumptions used for valuation of ESPP

 

 

 

Nine Months Ended
September 30,

 

 

 

2011

 

2010

 

Risk-free interest rate

 

0.1

%

0.2

%

Dividend yield

 

0.0

%

0.0

%

Volatility

 

34.9

%

47.8

%

Expected Life

 

6 months

 

6 months

Schedule of stock-based compensation expense related to employee and non-employee stock options and the ESPP

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

2,017

 

$

2,476

 

$

6,594

 

$

7,912

 

General and administrative

 

347

 

484

 

1,002

 

1,535

 

Total

 

$

2,364

 

$

2,960

 

$

7,596

 

$

9,447