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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenue:      
Service revenue $ 0 $ 0 $ 9,400,397
Licensing revenue 250,000 100,000 100,000
Total revenue 250,000 100,000 9,500,397
Expenses:      
Research and development 15,491,301 8,506,937 7,541,998
General and administrative 7,317,169 8,235,993 9,127,845
Depreciation and amortization 95,517 107,666 475,316
Total expense 22,903,987 16,850,596 17,145,159
Loss before other income (22,653,987) (16,750,596) (7,644,762)
Other income:      
Interest and dividend income 207,217 303,592 349,490
Other income, net 205,194 95,827 93,950
Gain on warrant derivative liability 7,915,027 933,420 656,905
Gain on sale of affiliate's shares - RXi Pharmaceutical 0 15,826,217 1,224,951
Net (loss) profit before provision for income taxes (14,326,549) 408,460 (5,319,466)
Income tax benefit (expense) (97,996) 0 519,158
Net (loss) profit $ (14,424,545) $ 408,460 $ (4,800,308)
Basic and diluted (loss) profit per share (in dollars per share) $ (0.11) $ 0.00 $ (0.05)
Basic weighted average shares outstanding (in shares) 125,551,261 109,484,492 99,978,124
Diluted weighted average shares outstanding (in shares) 125,551,261 111,442,278 99,978,124