Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended		15 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net loss	$ (19,970,697)	$ (297,000)	$ (20,859,768)
Adjustments to reconcile consolidated net loss to net cash used in operating activities:
Stock compensation expense	1,360,500		1,446,994
Stock issued in connection with in-licensing agreement	16,578,000	297,000	16,875,000
Change in fair value of notes payable	(269,597)	0	(269,597)
Changes in assets and liabilities, net of effects of acquisition:
Decrease (increase) in other current assets	(2,313)	0	1,280
Increase in accounts payable related party, other accounts payable and accrued expenses	912,685	0	1,320,995
Increase in interest payable	30,003	0	37,100
Net cash used in operating activities	(1,361,419)	0	(1,447,996)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(1,399)	0	(1,399)
Cash acquired in connection with acquisition	0	0	10,386
Net cash (used in) provided by investing activities	(1,399)	0	8,987
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of short-term loans	(200,000)	0	(200,000)
Proceeds from sale of common stock, net	0	0	9,824,682
Proceeds from sale of preferred stock, net	12,257,309	0	12,257,309
Offering costs paid	(75,903)	0	(75,903)
Net cash provided by financing activities	11,981,406	0	21,806,088
NET INCREASE IN CASH AND CASH EQUIVALENTS	10,618,588	0	20,367,079
Cash and cash equivalents at beginning of period	9,748,491	0	0
CASH AND CASH EQUIVALENTS AT END OF PERIOD	20,367,079	0	20,367,079
NONCASH TRANSACTIONS:
Conversion of notes payable to preferred stock	0	0	55,271
Accrued financing costs	$ 0	$ 0	$ 116,626