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Condensed Consolidated Statements of Operations (unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Revenue from licensing agreements and grants $ 49,257 $ 171,550 $ 121,349 $ 285,399
Revenue from product sales 184,840 72,581 334,215 189,005
Total revenue 234,097 244,131 455,564 474,404
Cost of product sales 52,365 24,862 106,889 68,624
Gross profit 181,732 219,269 348,675 405,780
Operating expenses:        
Research and development 5,053,834 4,858,228 10,579,511 9,895,742
Selling, general and administrative 2,103,262 2,286,678 4,178,991 4,871,420
Wind-down expenses 114,918 125,833 190,055 291,168
Total operating expenses 7,272,014 7,270,739 14,948,557 15,058,330
Loss from operations (7,090,282) (7,051,470) (14,599,882) (14,652,550)
Other income (expense):        
Realized gain on sale of marketable securities 83,750   83,750  
Change in fair value of warrant liability 3,020,228 2,440,370 4,803,183 3,956,719
Interest income 6,446 13,309 7,818 13,903
Interest expense (19,793) (25,054) (40,000) (50,554)
Other expense (35,542) 12,498 (37,297) (1,940)
Total other income (expense), net 3,055,089 2,441,123 4,817,454 3,918,128
Net loss $ (4,035,193) $ (4,610,347) $ (9,782,428) $ (10,734,422)
Basic and diluted net loss per share* $ (0.29) [1] $ (0.38) [1] $ (0.71) [1] $ (0.90) [1]
Shares used to compute basic and diluted loss per share* 13,802,372 [1] 11,990,573 [1] 13,741,481 [1] 11,943,505 [1]
[1] Adjusted for the 1-for-10 reverse stock split as discussed in Note 1