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Condensed Consolidated Statements of Comprehensive Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue:        
Product revenue $ 15,551,077 $ 13,013,610 $ 29,885,764 $ 24,947,879
Royalty and other revenue   4,495,357 1,991,166 9,017,081
Total revenue 15,551,077 17,508,967 31,876,930 33,964,960
Operating expenses:        
Cost of product revenue 6,671,581 5,297,809 13,006,645 12,194,417
Cost of royalty revenue   642,736   1,219,593
Research and development 1,430,133 2,306,332 2,631,123 4,489,736
Selling, general and administrative 4,325,834 3,123,940 7,709,444 6,432,039
Contingent consideration - fair value adjustments 17,700 35,387 116,020 (18,587)
Total operating expenses 12,445,248 11,406,204 23,463,232 24,317,198
Income from operations 3,105,829 6,102,763 8,413,698 9,647,762
Investment income 84,920 65,605 186,736 127,124
Interest expense (12,780) (12,402) (26,865) (25,933)
Other income (expense) 65,280 (122,263) 67,785 (93,182)
Income before income taxes 3,243,249 6,033,703 8,641,354 9,655,771
Income tax provision 417,827 1,494,516 1,538,829 2,778,348
Net income 2,825,422 4,539,187 7,102,525 6,877,423
Earnings per share:        
Basic $ 0.09 $ 0.14 $ 0.22 $ 0.22
Diluted $ 0.09 $ 0.14 $ 0.22 $ 0.21
Weighted average shares outstanding:        
Basic 32,233,694 31,643,695 32,098,269 31,443,264
Diluted 33,076,384 32,317,156 32,963,554 32,115,519
Other comprehensive income:        
Unrealized gain (loss) on investments 9,882 (4,638) 12,066 (6,621)
Foreign currency translation (loss) (1,462,603) (883,888) (1,605,757) (1,140,496)
Comprehensive income $ 1,372,701 $ 3,650,661 $ 5,508,834 $ 5,730,306