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STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Sanofi collaboration revenue $ 326,609 $ 311,332 $ 247,140
Other collaboration revenue 43,072 75,393 67,317
Net product sales 44,686 25,254 18,364
Technology licensing 24,858 40,150 40,013
Contract research and other 6,599 6,945 6,434
Total revenues 445,824 459,074 379,268
Expenses      
Research and development 529,506 489,252 398,762
Selling, general, and admistrative 117,261 65,201 52,923
Cost of goods sold 4,216 2,093 1,686
Total expenses 650,983 556,546 453,371
Loss from operations (205,159) (97,472) (74,103)
Other income (expense)      
Investment income 3,549 2,122 4,488
Interest expense (21,282) (9,118) (2,337)
Total other income (expense) (17,733) (6,996) 2,151
Net loss before income tax benefit (222,892) (104,468) (71,952)
Income tax benefit (1,132) 0 (4,122)
Net loss $ (221,760) $ (104,468) $ (67,830)
Net loss per share, basic and diluted (in dollars per share) $ (2.45) $ (1.26) $ (0.85)
Weighted average shares outstanding, basic and diluted (in shares) 90,610 82,926 79,782