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CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue:        
License revenue $ 0 $ 200,000 $ 0 $ 200,000
Expenses:        
Research and development 10,427,877 4,626,244 17,415,725 7,815,003
General and administrative 2,909,127 1,970,930 6,040,201 3,788,255
Total Expenses 13,337,004 6,597,174 23,455,926 11,603,258
Loss before other income (loss) (13,337,004) (6,397,174) (23,455,926) (11,403,258)
Other income (loss):        
Interest income 89,377 35,564 160,015 75,822
Other income (loss), net (3,243) 4,761 6,655 201,698
Gain (loss) on warrant derivative liability (2,468,603) 2,933,707 12,234,301 838,487
Net loss $ (15,719,473) $ (3,423,142) $ (11,054,955) $ (10,287,251)
Basic and diluted net loss per share (in dollars per share) $ (0.28) $ (0.11) $ (0.21) $ (0.34)
Basic and diluted weighted average shares outstanding (in shares) 55,676,766 30,418,435 53,010,556 30,417,906