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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
License and collaboration revenue $ 39 $ 172,256 $ 39 $ 174,410
Service revenue 27 2,793 83 2,793
Total revenue 66 175,049 122 177,203
Operating expenses:        
Research and development 18,754 13,814 33,329 28,649
General and administrative 6,152 4,001 11,005 8,575
Total operating expenses 24,906 17,815 44,334 37,224
Income (loss) from operations (24,840) 157,234 (44,212) 139,979
Other income (expense):        
Interest income 44 14 99 22
Interest expense (63) (38) (123) (109)
Revaluation of warrant liability (22,903) 2,138 (41,475) (3,942)
Other income (expense), net (22,922) 2,114 (41,499) (4,029)
Net income (loss) $ (47,762) $ 159,348 $ (85,711) $ 135,950
Net income (loss) per share - basic $ (0.36) $ 1.44 $ (0.66) $ 1.24
- diluted $ (0.36) $ 1.35 $ (0.66) $ 1.22
Weighted-average number of shares of common stock outstanding - basic 132,021 110,290 130,518 109,657
- diluted 132,021 116,079 130,518 114,373