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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows from Operating Activities:    
Net Loss $ (29,903) $ (17,332)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation and Amortization 579 468
Amortization of Intangible Assets 253 253
Amortization and Premium of Marketable Securities (2,129) (969)
Stock-Based Compensation Expense 1,250 708
Non-Cash Interest Expense   56
Changes in Operating Assets and Liabilities:    
Accounts and Other Receivables 184 (60)
Prepaid and Other Current Assets (1,051) (1,234)
Other Assets 16 188
Accounts Payable and Accrued Expenses (1,669) 206
Other Liabilities 595 516
Net Cash Used in Operating Activities (31,875) (17,200)
Cash Flows from Investing Activities:    
Sales and Maturities of Marketable Securities 31,283 7,394
Purchases of Marketable Securities (112,416) (53,809)
Acquisition of Property and Equipment (195) (162)
Net Cash Used in Investing Activities (81,328) (46,577)
Cash Flows from Financing Activities:    
Net Proceeds from Stock Issuances   114,187
Proceeds from Issuance of Stock from Employee Benefit Plans 702 1,660
Payments of Term Loan   (1,323)
Payments of Other Liabilities   (15)
Net Cash Provided by Financing Activities 702 114,509
Effect of Exchange Rate Changes on Cash and Cash Equivalents 1 (2)
Net (Decrease) Increase in Cash and Cash Equivalents (112,500) 50,730
Cash and Cash Equivalents at Beginning of Period 169,402 24,897
Cash and Cash Equivalents at End of Period $ 56,902 $ 75,627