PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2012

(5) PROPERTY AND EQUIPMENT, NET

Property and equipment include the following:

	December 31, 2012			December 31, 2011

	(In thousands)
Laboratory Equipment	$	3,164		$	2,630
Manufacturing Equipment		2,055			1,999
Office Furniture and Equipment		1,264			1,314
Leasehold Improvements		12,932			13,280
Construction in Progress		115			240

Total Property and Equipment		19,530			19,463
Less Accumulated Depreciation and Amortization		(12,325	)		(10,370	)

	$	7,205		$	9,093

Depreciation and amortization expense related to property and equipment was $2.0 million, $2.2 million and $2.7 million for the years ended December 31, 2012, 2011 and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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