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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (17,926) $ (24,705)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation and amortization 215 213
Accretion of discount on securities (38) (174)
Stock-based compensation 7,289 6,705
Changes in operating assets and liabilities:    
Receivable from collaboration partners 6,425 (6,543)
Prepaid expenses and other current assets 1,276 1,181
Other non-current assets (1,874) (414)
Accounts payable 3,056 2,078
Accrued expenses 2,802 4,282
Other current liabilities (4,734) (647)
Deferred revenue (27,508) (31,526)
Other non-current liabilities (142) (109)
Net cash used in operating activities (31,159) (49,659)
Cash flows from investing activities:    
Purchase of short-term investments   (69,962)
Maturities of short-term investments 100,000 86,000
Purchase of property and equipment (148) (102)
Net cash provided by investing activities 99,852 15,936
Cash flows from financing activities:    
Stock option exercises 2,917 3,061
Net proceeds from stockholder securities law settlement 2,959  
Net cash provided by financing activities 5,876 3,061
Net increase (decrease) in cash and cash equivalents 74,569 (30,662)
Cash and cash equivalents at beginning of period 107,717 57,463
Cash and cash equivalents at end of period $ 182,286 $ 26,801