Liquidity and Capital Resources	6 Months Ended
Jun. 30, 2011
Liquidity and Capital Resources [Abstract]
Liquidity and Capital Resources	11. Liquidity and Capital Resources At June 30, 2011, the Company had cash and cash equivalents of approximately $7.0 million and marketable securities of approximately $19.1 million. Management believes that the Company's current cash on hand, together with its marketable securities, and approximately $19.0 million of net proceeds of the Company's underwritten public offering on July 27, 2011 described in Note 14, below, will be sufficient to fund its operations for the foreseeable future. The estimate is based, in part, upon the Company's currently projected expenditures for the remainder of 2011 and the first six months of 2012 of approximately $23.4 million, which includes approximately $6.7 million for its clinical programs for INNO-206, approximately $1.3 million for its clinical programs for bafetinib, approximately $6.6 million for its clinical program for tamibarotene, approximately $2.2 million for general operation of its clinical programs, and approximately $6.6 million for other general and administrative expenses. These projected expenditures are also based upon numerous other assumptions and subject to many uncertainties, and actual expenditures may be significantly different from these projections. The Company will be required to obtain additional funding in order to execute its long-term business plan. The Company cannot assure that additional funding will be available on favorable terms, or at all. If the Company fails to obtain additional funding when needed, it may not be able to execute its business plans and its business may suffer, which would have a material adverse effect on its financial position condition. If the Company obtains marketing approval as currently planned and successfully commercializes its product candidates, the Company anticipates it will take a minimum of several years and possibly longer, for it to generate significant recurring revenue. The Company will be dependent on future financing and possible asset sales until such time, if ever, as it can generate significant recurring revenue. The Company has no commitments from third parties to provide any additional financing, and it may not be able to obtain future financing on favorable terms, or at all. If the Company fails to obtain sufficient funding when needed, it may be forced to delay, scale back or eliminate all or a portion of its development programs or clinical trials, license to other companies its product candidates or technologies that it would prefer to develop and commercialize itself, or seek to sell some or all of its assets or merge with or be acquired by another company. For example, the Company intends to assess periodically the costs and potential commercial value of its molecular chaperone programs, and depending on these assessments, the Company may determine to enter into one or more strategic partnerships to pursue the development of this technology or an outright sale of the assets.

11. Liquidity and Capital Resources

At June 30, 2011, the Company had cash and cash equivalents of approximately $7.0 million and marketable securities of approximately $19.1 million. Management believes that the Company's current cash on hand, together with its marketable securities, and approximately $19.0 million of net proceeds of the Company's underwritten public offering on July 27, 2011 described in Note 14, below, will be sufficient to fund its operations for the foreseeable future. The estimate is based, in part, upon the Company's currently projected expenditures for the remainder of 2011 and the first six months of 2012 of approximately $23.4 million, which includes approximately $6.7 million for its clinical programs for INNO-206, approximately $1.3 million for its clinical programs for bafetinib, approximately $6.6 million for its clinical program for tamibarotene, approximately $2.2 million for general operation of its clinical programs, and approximately $6.6 million for other general and administrative expenses. These projected expenditures are also based upon numerous other assumptions and subject to many uncertainties, and actual expenditures may be significantly different from these projections. The Company will be required to obtain additional funding in order to execute its long-term business plan. The Company cannot assure that additional funding will be available on favorable terms, or at all. If the Company fails to obtain additional funding when needed, it may not be able to execute its business plans and its business may suffer, which would have a material adverse effect on its financial position condition.

If the Company obtains marketing approval as currently planned and successfully commercializes its product candidates, the Company anticipates it will take a minimum of several years and possibly longer, for it to generate significant recurring revenue. The Company will be dependent on future financing and possible asset sales until such time, if ever, as it can generate significant recurring revenue. The Company has no commitments from third parties to provide any additional financing, and it may not be able to obtain future financing on favorable terms, or at all. If the Company fails to obtain sufficient funding when needed, it may be forced to delay, scale back or eliminate all or a portion of its development programs or clinical trials, license to other companies its product candidates or technologies that it would prefer to develop and commercialize itself, or seek to sell some or all of its assets or merge with or be acquired by another company. For example, the Company intends to assess periodically the costs and potential commercial value of its molecular chaperone programs, and depending on these assessments, the Company may determine to enter into one or more strategic partnerships to pursue the development of this technology or an outright sale of the assets.