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STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Contract revenue $ 14,688 $ 343 $ 325
Costs and expenses:      
Cost of contract revenue 7,003    
Research and development 17,885 28,032 25,780
General and administrative 11,379 10,805 11,928
Total costs and expenses 36,267 38,837 37,708
Loss from operations before other income (expense) (21,579) (38,494) (37,383)
Other income (expense):      
Interest income 136 189 285
Interest expense (9) (9) (786)
Other income 26 485  
Impairment of short-term investments     (1,338)
Realized gains on short-term investments     848
Change in fair value of warrant liability 2,474 1,671 (1,972)
Loss from operations before income tax (18,952) (36,158) (40,346)
Income tax expense (benefit) 412 (450)  
Net loss $ (19,364) $ (35,708) $ (40,346)
Basic and diluted net loss per share: $ (0.17) $ (0.34) $ (0.47)
Basic and diluted weighted average number of common shares outstanding 113,610 104,768 85,555