XML 36 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 119,575 $ 143,510 [1]
Restricted cash 5,600 0 [1]
Short-term marketable securities 143,536 321,615 [1]
Accounts receivable, net of allowances of $89 at December 31, 2013 0 199 [1]
Receivables from collaborative arrangements (including amounts from a related party of $4,012 and $2,247 at September 30, 2014 and December 31, 2013) 4,012 3,181 [1]
Prepaid expenses and other current assets 748 4,287 [1]
Inventories 0 10,406 [1]
Total current assets 273,471 483,198 [1]
Marketable securities 47,752 55,374 [1]
Restricted cash 833 833 [1]
Property and equipment, net 64 10,238 [1]
Intangible assets, net 211,646 124,257 [1]
Other assets 19,947 7,355 [1]
Total assets 553,713 681,255 [1]
Current liabilities:    
Accounts payable 573 7,583 [1]
Payable to a related party 10,000 40,000 [1]
Accrued personnel-related expenses 1,203 10,881 [1]
Accrued clinical and development expenses 0 9,714 [1]
Accrued interest payable 19,467 2,800 [1]
Other accrued liabilities 3,773 4,137 [1]
Deferred revenue 1,082 9,289 [1]
Total current liabilities 36,098 84,404 [1]
Convertible subordinated notes 255,109 287,500 [1]
Non-recourse notes payable, due 2029 450,000 0 [1]
Deferred rent 54 4,774 [1]
Other long-term liabilities 1,530 0 [1]
Deferred revenue 4,058 5,455 [1]
Commitments and contingencies (Notes 3, 6 and 8)       [1]
Stockholders' (deficit) equity :    
Common stock, $0.01 par value; authorized: 200,000 shares; issued: 115,380 and 111,516 at September 30, 2014 and December 31, 2013 1,154 1,115 [1]
Treasury stock, 150 and 0 shares at September 30, 2014 and December 31, 2013 (3,263) 0 [1]
Additional paid-in capital 1,466,911 1,803,048 [1]
Accumulated other comprehensive (loss) income (197) 162 [1]
Accumulated deficit (1,657,741) (1,505,203) [1]
Total stockholders' (deficit) equity (193,136) 299,122 [1]
Total liabilities and stockholders' (deficit) equity $ 553,713 $ 681,255 [1]
[1] Condensed consolidated balance sheet at December 31, 2013 has been derived from audited consolidated financial statements.