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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (9,597) $ (27,970)
Adjustments for non-cash operating items:    
Amortization of deferred revenue (92,479) (45,448)
Stock-based compensation 17,520 10,516
Amortization of debt discount and debt issuance costs 6,491  
Depreciation on property and equipment 959 324
Accretion of discount on investment securities (93) (50)
Changes in operating assets and liabilities:    
Receivables from collaboration partners (4,537) 7,051
Prepaid expenses and other current assets (1,981) 3,103
Other non-current assets 32 (3,411)
Accounts payable (1,483) 2,082
Accrued expenses 24,603 5,747
Deferred revenue   3,000
Other current liabilities 243 (4,354)
Other non-current liabilities 4,285 (810)
Net cash used in operating activities (56,037) (50,220)
Cash flows from investing activities:    
Purchases of short-term investments (374,784) (74,881)
Maturities of short-term investments 225,000 100,000
Purchases of property and equipment (13,549) (137)
Change in restricted cash (3,697)  
Net cash (used in) provided by investing activities (167,030) 24,982
Cash flows from financing activities:    
Proceeds from issuance of Convertible Notes, net 250,987  
Financing transaction costs (614)  
Proceeds from stock option exercises 18,115 2,933
Net proceeds from stockholder securities law settlement   2,959
Net cash provided by financing activities 268,488 5,892
Net increase (decrease) in cash and cash equivalents 45,421 (19,346)
Cash and cash equivalents at beginning of period 70,136 107,717
Cash and cash equivalents at end of period 115,557 88,371
Non-cash investing and financing activities:    
Property and equipment expenditures incurred but not yet paid 265  
Performance share units withheld to satisfy tax withholding obligations not yet paid $ 1,608