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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue:      
Research and development revenue under collaborative agreements $ 144,194 $ 96,415 $ 96,190
Licensing and royalty revenue 3,091 5,634 2,896
Total revenue 147,285 102,049 99,086
Expenses:      
Research, development and patent expenses 184,033 158,458 157,397
General and administrative 14,918 12,515 12,789
Total operating expenses 198,951 170,973 170,186
Loss from operations (51,666) (68,924) (71,100)
Other income (expense):      
Equity in net loss of Regulus Therapeutics Inc.   (1,406) (3,554)
Investment income 2,085 1,844 2,414
Interest expense (19,355) (21,152) (16,732)
Gain on investments, net 2,378 1,465 4,182
Gain on investment in Regulus Therapeutics Inc.   18,356  
Loss on early retirement of debt   (4,770)  
Loss before income tax benefit (expense) (66,558) (74,587) (84,790)
Income tax benefit (expense) 5,914 9,109 (11)
Net loss $ (60,644) $ (65,478) $ (84,801)
Basic and diluted net loss per share (in dollars per share) $ (0.55) $ (0.65) $ (0.85)
Shares used in computing basic net loss per share (in shares) 110,502 100,576 99,656
Shares used in computing diluted net loss per share (in shares) 110,502 100,576 99,656