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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net income (loss) $ (73,789) $ 47,474
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 3,890 3,572
Stock-based compensation 13,257 12,214
Gain on marketable securities (3) (2)
Change in capped-call option valuation 1,422  
Changes in operating assets and liabilities:    
Receivables from collaborative arrangements (1,169) 129
Prepaid expenses and other current assets 357 127
Inventories (2,533) (4,299)
Accounts payable 1,026 (81)
Accrued personnel-related expenses, accrued clinical and development expenses, and other accrued liabilities 2,941 (5,956)
Accrued interest on convertible subordinated notes 2,540  
Deferred rent (376) (344)
Deferred revenue 4,120 (128,530)
Net cash used in operating activities (48,317) (75,696)
Cash flows from investing activities    
Purchases of property and equipment (1,431) (1,762)
Purchases of available-for-sale securities (211,797) (185,456)
Maturities of available-for-sale securities 106,983 153,921
Sales of available-for-sale securities 17,600 8,520
Intangible asset (30,000)  
Release of restricted cash   60
Payments received on notes receivable 100  
Net cash used in investing activities (118,545) (24,717)
Cash flows from financing activities    
Payments on note payable and capital lease   (69)
Proceeds from issuances of common stock, net 26,433 216,800
Payment for capped calls (36,800)  
Proceeds from issuances of convertible subordinated notes, net 281,623  
Net cash provided by financing activities 271,256 216,731
Net increase in cash and cash equivalents 104,394 116,318
Cash and cash equivalents at beginning of period 94,849 44,778
Cash and cash equivalents at end of period $ 199,243 $ 161,096