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CONDENSED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 7,023,176 $ 6,324,430
Marketable securities 19,076,620 20,567,861
Proceeds from sale of RXi, received January 6, 2011 0 6,938,603
Receivable 107,907 259,006
Investment in Adventrx Pharmaceuticals, at market 379,260 0
Income taxes recoverable 0 519,158
Interest receivable 105,334 117,624
Prepaid expenses and other current assets 1,803,333 1,247,145
Total current assets 28,495,630 35,973,827
Equipment and furnishings, net 294,873 319,191
Goodwill 183,780 183,780
Other assets 214,729 220,292
Total assets 29,189,012 36,697,090
Current liabilities:    
Accounts payable 1,433,782 1,027,924
Accrued expenses and other current liabilities 4,130,042 2,663,910
Warrant liabilities 1,259,518 2,437,281
Total current liabilities 6,823,342 6,129,115
Stockholders' equity:    
Preferred Stock, $.01 par value, 5,000,000 shares authorized, including 15,000 shares of Series A Junior Participating Preferred Stock; no shares issued and outstanding 0 0
Common stock, $.001 par value, 175,000,000 shares authorized; 109,857,885 and 109,840,445 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively 109,858 109,840
Additional paid-in capital 230,066,850 229,253,122
Accumulated comprehensive income, net of tax 379,260 0
Treasury stock, at cost (633,816 shares) (2,279,238) (2,279,238)
Accumulated deficit (205,911,059) (196,515,749)
Total stockholders' equity 22,365,670 30,567,975
Total liabilities and stockholders' equity $ 29,189,012 $ 36,697,090