INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES

Schedule of components of income tax expense attributable to continuing operations

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Income tax benefit (provision):
Federal	$	19,394		$	16,204		$	1,512
State		4,237			3,131			779
Foreign		—			84			107
Expiration of Net Operating Losses and Research & Development Tax Credits		(1,426	)		(411	)		(13,924	)
		22,205			19,008			(11,526	)
Deferred tax valuation allowance		(22,205	)		(19,008	)		11,526
	$	—		$	—		$	—

Schedule of reconciliation between the amount of reported income tax and the amount computed using the U.S. Statutory rate

	2012			2011			2010
	(In thousands)
Pre-tax loss	$	(59,123	)	$	(44,799	)	$	(2,533	)
Loss at Statutory Rates		(20,102	)		(15,213	)		(838	)
Research and Development Credits		—			(1,736	)		(1,498	)
State Taxes		(4,237	)		(3,131	)		(779	)
Other		708			661			717
Expiration of Net Operating Losses and Research & Development Tax Credits		1,426			411			13,924
Change in Valuation Allowance		22,205			19,008			(11,526	)
Income tax (benefit) provision	$	—		$	—		$	—

Schedule of principal components of the deferred tax assets and liabilities

	December 31, 2012			December 31, 2011
	(In thousands)
Gross Deferred Tax Assets
Net Operating Loss Carryforwards	$	67,728		$	58,802
Tax Credit Carryforwards		20,692			20,285
Deferred Expenses		43,226			31,002
Stock-based Compensation		3,264			3,184
Fixed Assets		2,156			2,029
Accrued Expenses and Other		241			197
		137,307			115,499
Gross Deferred Tax Liabilities
Other Acquired Intangibles		(4,481	)		(4,878	)
IPR&D Intangibles		(4,661	)		(4,661	)
		(9,142	)		(9,539	)
Total Deferred Tax Assets and Liabilities		128,165			105,960
Deferred Tax Assets Valuation Allowance		(132,826	)		(110,621	)
Net Deferred Tax Asset (Liability)	$	(4,661	)	$	(4,661	)