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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue:        
Research and development revenue under collaborative agreements $ 56,628 $ 37,615 $ 76,177 $ 79,285
Licensing and royalty revenue 448 477 9,060 2,166
Total revenue 57,076 38,092 85,237 81,451
Expenses:        
Research, development and patent expenses 59,264 42,631 112,712 80,944
General and administrative 4,462 3,389 8,842 6,811
Total operating expenses 63,726 46,020 121,554 87,755
Loss from operations (6,650) (7,928) (36,317) (6,304)
Other income (expense):        
Investment income 671 589 1,328 967
Interest expense (4,961) (4,808) (9,904) (9,603)
(Loss) gain on investments, net (260) 840 137 1,898
Loss before income tax benefit (11,200) (11,307) (44,756) (13,042)
Income tax (expense) benefit (881) 1,181 1,395 1,244
Net loss $ (12,081) $ (10,126) $ (43,361) $ (11,798)
Basic and diluted net loss per share (in dollars per share) $ (0.10) $ (0.09) $ (0.37) $ (0.11)
Shares used in computing basic net loss per share (in shares) 117,588 108,539 117,359 105,225