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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue:        
Research and development revenue under collaborative agreements $ 23,383 $ 11,127 $ 102,918 $ 80,085
Licensing and royalty revenue 202 474 2,118 2,091
Total revenue 23,585 11,601 105,036 82,176
Expenses:        
Research, development and patent expenses 45,660 36,551 126,603 115,700
General and administrative 3,430 3,096 10,241 9,281
Total operating expenses 49,090 39,647 136,844 124,981
Loss from operations (25,505) (28,046) (31,808) (42,805)
Other income (expense):        
Equity in net loss of Regulus Therapeutics Inc.       (1,139)
Investment income 434 408 1,400 1,485
Interest expense (4,867) (5,937) (14,470) (16,335)
Gain on investments, net 175   2,073 19
Loss on early retirement of debt   (4,770)   (4,770)
Loss before income tax benefit (29,763) (38,345) (42,805) (63,545)
Income tax benefit 5,193 706 6,437 704
Net loss $ (24,570) $ (37,639) $ (36,368) $ (62,841)
Basic and diluted net loss per share (in dollars per share) $ (0.21) $ (0.37) $ (0.33) $ (0.63)
Shares used in computing basic net loss per share (in shares) 115,263 100,680 108,608 100,351
Shares used in computing diluted net loss per share (in shares) 115,263 100,680 108,608 100,351