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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenue:      
Research and development revenue under collaborative agreements $ 96,190 $ 102,921 $ 108,131
Licensing and royalty revenue 2,896 5,552 13,469
Total revenue 99,086 108,473 121,600
Expenses:      
Research and development 157,397 145,160 134,623
General and administrative 12,789 11,669 14,515
Total operating expenses 170,186 156,829 149,138
Loss from operations (71,100) (48,356) (27,538)
Other income (expense):      
Equity in net loss of Regulus Therapeutics Inc. (3,554) (2,228)  
Investment income 2,414 3,370 6,361
Interest expense (16,732) (13,232) (12,672)
Gain (loss) on investments, net 4,182 (713) 2,084
Loss from continuing operations, before income tax expense (84,790) (61,159) (31,765)
Income tax expense (11) (92) (3,191)
Net loss from continuing operations (84,801) (61,251) (34,956)
Discontinued operations:      
Loss from discontinued operations     (29)
Gain on sale of Ibis Biosciences, Inc., net of tax     185,657
Net income from discontinued operations, net of tax     185,628
Net income (loss) (84,801) (61,251) 150,672
Net loss attributable to noncontrolling interest in Regulus Therapeutics Inc.     4,394
Net income (loss) attributable to Isis Pharmaceuticals, Inc. common stockholders $ (84,801) $ (61,251) $ 155,066
Basic and diluted net income (loss) per share:      
Net loss from continuing operations attributable to Isis Pharmaceuticals, Inc. common stockholders, Basic (in dollars per share) $ (0.85) $ (0.62) $ (0.31)
Net income from discontinued operations, Basic (in dollars per share)     $ 1.89
Basic net income (loss) attributable to Isis Pharmaceuticals, Inc. common stockholders (in dollars per share) $ (0.85) $ (0.62) $ 1.58
Net loss from continuing operations attributable to Isis Pharmaceuticals, Inc. common stockholders, Diluted (in dollars per share) $ (0.85) $ (0.62) $ (0.31)
Net income from discontinued operations, Diluted (in dollars per share)     $ 1.89
Diluted net income (loss) attributable to Isis Pharmaceuticals, Inc. common stockholders (in dollars per share) $ (0.85) $ (0.62) $ 1.58
Shares used in computing basic net income (loss) per share (in shares) 99,656 99,143 98,109
Shares used in computing diluted net income (loss) per share (in shares) 99,656 99,143 98,109