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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 25,557 $ 39,490
Certificates of deposit 2,739 2,490
Prepaid expenses 145 409
State research and development credit receivable 454 202
Other receivables 26 197
Total current assets 28,921 42,788
Leasehold improvements and equipment:    
Leasehold improvements 5,041 4,459
Computer equipment 773 710
Lab equipment 3,686 3,333
Total leasehold improvements and equipment 9,500 8,502
Less accumulated depreciation and amortization (3,413) (2,911)
Leasehold improvements and equipment, net 6,087 5,591
Total assets 35,008 48,379
Liabilities and Equity    
Accounts payable 708 1,670
Accrued expenses 2,136 1,867
Deferred rent 76 913
Notes payable to Iowa Department of Economic Development 0 6,000
Obligations under capital leases 82 121
Current portion of long term debt 148 93
Total current liabilities 3,150 10,664
Long term liabilities:    
Obligations under capital leases, excluding current portion 43 94
Deferred rent, excluding current portion 1,414 0
Total long-term liabilities 8,635 942
Total liabilities 11,785 11,606
Equity (deficit):    
Common stock, $0.01 par value: Authorized shares — 38,833,334 at September 30, 2012, and December 31, 2011; issued and outstanding shares — 20,908,789 at September 30, 2012, and 20,591,240 at December 31, 2011 209 206
Additional paid-in capital 121,492 118,043
Deficit accumulated during the development stage (98,478) (81,476)
Total equity 23,223 36,773
Commitments      
Total liabilities and equity 35,008 48,379
Blank Check Preferred Stock [Member]
   
Equity (deficit):    
Blank check preferred stock, $0.01 par value: Authorized shares — 5,000,000 at September 30, 2012, and December 31, 2011; issued and outstanding shares — 0 at September 30, 2012, and December 31, 2011 0 0
Iowa Economic Development Authority [Member]
   
Long term liabilities:    
Royalty obligation payable to Iowa Economic Development Authority 6,000 0
Iowa State University Research Park [Member]
   
Long term liabilities:    
Notes payable 878 548
City of Ames [Member]
   
Long term liabilities:    
Notes payable $ 300 $ 300