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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Royalty revenue $ 20,594 $ 16,971
Development and license revenue 1,430 127
Total revenues 22,024 17,098
Operating expenses:    
Research and development 14,065 7,992
General and administrative 4,342 3,621
Amortization of intangibles 2,157  
Total operating expenses 20,564 11,613
Income from operations 1,460 5,485
Interest income 41 49
Other income (expense) (44)  
Income before income taxes 1,457 5,534
Income tax benefit (provision) 2,783 (44)
Net income $ 4,240 $ 5,490
Net income per common share:    
Basic (in dollars per share) $ 0.05 $ 0.09
Diluted (in dollars per share) $ 0.04 $ 0.09
Weighted average shares outstanding:    
Basic (in shares) 93,072 60,364
Diluted (in shares) 103,988 61,026