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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenue:    
Research and development revenue under collaborative agreements $ 41,921 $ 21,818
Licensing and royalty revenue 1,439 1,417
Total revenue 43,360 23,235
Expenses:    
Research and development 38,312 38,714
General and administrative 3,423 2,976
Total operating expenses 41,735 41,690
Income (loss) from operations 1,625 (18,455)
Other income (expense):    
Equity in net loss of Regulus Therapeutics Inc.   (976)
Investment income 376 600
Interest expense (4,795) (5,179)
Gain on investments, net 1,058 17
Loss before income tax benefit (expense) (1,736) (23,993)
Income tax benefit (expense) 64 (2)
Net loss $ (1,672) $ (23,995)
Basic and diluted net loss per share (in dollars per share) $ (0.02) $ (0.24)
Shares used in computing basic net loss per share (in shares) 101,875 100,157
Shares used in computing diluted net loss per share (in shares) 101,875 100,157