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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 14,310 $ 44,778
Marketable securities 185,854 196,137
Receivable from related party 63 223
Notes receivable, current 200 100
Prepaid and other current assets 3,900 3,525
Total current assets 204,327 244,763
Restricted cash 893 893
Property and equipment, net 10,059 10,372
Notes receivable, non-current 140 240
Other assets, non-current 2,308 2,514
Total assets 217,727 258,782
Current liabilities:    
Accounts payable 5,308 5,813
Accrued personnel related expenses 4,884 9,643
Accrued clinical and development expenses 6,547 6,956
Accrued interest on convertible subordinated notes 1,078 2,372
Other accrued liabilities 1,974 1,946
Note payable and capital lease, current 13 69
Deferred revenue, current 5,771 18,697
Total current liabilities 25,575 45,496
Convertible subordinated notes 172,500 172,500
Deferred rent 5,678 5,821
Deferred revenue, non-current 7,843 122,017
Commitments and contingencies (Notes 3 and 7)      
Stockholders' equity (net capital deficiency):    
Common stock, $0.01 par value; authorized: 200,000 shares; outstanding: 86,470 at March 31, 2012 and 85,543 at December 31, 2011 865 855
Additional paid-in capital 1,236,641 1,228,037
Accumulated other comprehensive income (loss) (9) 16
Accumulated deficit (1,231,366) (1,315,960)
Total stockholders' equity (net capital deficiency) 6,131 (87,052)
Total liabilities and stockholders' equity (net capital deficiency) $ 217,727 $ 258,782