STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
GRANT INCOME AND OTHER			$ 34,433	$ 53,751
OTHER INCOME	$ 17,175	$ 32,775
OPERATING EXPENSES:
Research and development	6,578,618	4,151,983	10,126,875	8,844,891
General & administrative	1,345,114	1,677,796	2,752,123	2,312,397
Total operating expenses	7,923,732	5,829,779	12,878,998	11,157,288
OPERATING LOSS	(7,906,557)	(5,797,004)	(12,844,565)	(11,103,537)
(LOSS) GAIN ON DERIVATIVE INSTRUMENTS	(48,700)	(2,593,730)	8,879,612	5,529,230
INTEREST EXPENSE, NET	(471,234)	(464,796)	(940,385)	(948,489)
NET LOSS AVAILABLE TO COMMON SHAREHOLDERS	$ (8,426,491)	$ (8,855,530)	$ (4,905,338)	$ (6,522,796)
NET LOSS PER COMMON SHARE
BASIC			$ (0.74)	$ (1.43)
DILUTED			$ (0.78)	(1.43)
BASIC and DILUTED	$ (1.15)	$ (1.87)		$ (1.43)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
BASIC			6,649,814	4,562,831
DILUTED			6,682,592	4,562,831
BASIC AND DILUTED	7,319,761	4,736,809