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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Product revenues, net $ 373,273 $ 74,535 $ 748,648 $ 74,535
Royalty revenues 33,480 10,010 72,461 16,071
Collaborative revenues 11,552 29,879 35,933 97,480
Total revenues 418,305 114,424 857,042 188,086
Costs and expenses:        
Cost of product revenues (Note 4) 104,549 5,404 130,467 5,404
Royalty expenses 9,874 3,902 23,167 6,568
Research and development expenses 196,544 173,604 392,915 332,216
Sales, general and administrative expenses 117,514 96,663 228,660 168,186
Restructuring expense 594 741 954 1,501
Total costs and expenses 429,075 280,314 776,163 513,875
Income (loss) from operations (10,770) (165,890) 80,879 (325,789)
Interest income 560 202 924 1,604
Interest expense (4,195) (6,962) (8,300) (18,963)
Change in fair value of derivative instruments   (2,220)   (7,818)
Income (loss) before provision for income taxes (14,405) (174,870) 73,503 (350,966)
Provision for income taxes 20,063 24,448 20,095 24,448
Net income (loss) (34,468) (199,318) 53,408 (375,414)
Net income (loss) attributable to noncontrolling interest (Alios) 30,463 (25,249) 26,749 (25,249)
Net income (loss) attributable to Vertex $ (64,931) $ (174,069) $ 26,659 $ (350,165)
Net income (loss) per share attributable to Vertex common shareholders:        
Basic (in dollars per share) $ (0.31) $ (0.85) $ 0.13 $ (1.72)
Diluted (in dollars per share) $ (0.31) $ (0.85) $ 0.12 $ (1.72)
Shares used in per share calculations:        
Basic (in shares) 211,344 204,413 209,681 203,377
Diluted (in shares) 211,344 204,413 212,957 203,377