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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Royalties $ 28,517 $ 27,210 $ 51,441 $ 45,761
Sale of royalty rights 25,000 0 25,000 0
Milestones and license fees 0 0 0 5,025
Total revenues 53,517 27,210 76,441 50,786
Operating expenses        
Cost of royalties 0 500 0 500
Cost of license fees 0 0 0 2,538
Research and development 32,641 17,135 52,840 32,040
General and administrative 9,670 5,539 17,440 10,615
Total operating expenses 42,311 23,174 70,280 45,693
Operating income 11,206 4,036 6,161 5,093
Other income (expense)        
Interest income, net 76 109 160 190
Interest expense (4,467) (10,330) (10,001) (20,561)
Other 540 53 472 14
Total other expense, net (3,851) (10,168) (9,369) (20,357)
Income (loss) before income tax expense 7,355 (6,132) (3,208) (15,264)
Income tax expense 0 0 0 18
Net income (loss) $ 7,355 $ (6,132) $ (3,208) $ (15,282)
Net income (loss) per common and potential common share        
Basic $ 0.08 $ (0.07) $ (0.04) $ (0.20)
Diluted $ 0.08 $ (0.07) $ (0.04) $ (0.20)
Weighted average common and potential common shares outstanding        
Basic shares 86,903,000 83,200,000 86,880,000 75,691,000
Diluted shares 91,470,000 83,200,000 86,880,000 75,691,000