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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue:    
Research and development revenue under collaborative agreements $ 19,550 $ 41,671
Licensing and royalty revenue 8,611 1,689
Total revenue 28,161 43,360
Expenses:    
Research, development and patent expenses 53,448 38,312
General and administrative 4,380 3,423
Total operating expenses 57,828 41,735
Income (loss) from operations (29,667) 1,625
Other income (expense):    
Investment income 657 376
Interest expense (4,943) (4,795)
Gain on investments, net 397 1,058
Loss before income tax benefit (33,556) (1,736)
Income tax benefit 2,276 64
Net loss $ (31,280) $ (1,672)
Basic and diluted net loss per share (in dollars per share) $ (0.27) $ (0.02)
Shares used in computing basic net loss per share (in shares) 117,128 101,875