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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Net product sales $ 199,519 $ 5,039 $ 327,450 $ 9,466
Sanofi collaboration revenue 88,988 84,446 173,993 169,775
Bayer HealthCare collaboration revenue 9,124 11,123 21,607 23,604
Technology licensing 5,893 5,228 11,786 13,073
Contract research and other 875 1,974 1,352 4,096
Total revenues 304,399 107,810 536,188 220,014
Expenses:        
Research and development 147,373 143,149 286,235 272,541
Selling, general, and admistrative 47,705 24,585 106,133 47,996
Cost of goods sold 21,843 395 34,141 777
Total expenses 216,921 168,129 426,509 321,314
Income (loss) from operations 87,478 (60,319) 109,679 (101,300)
Other income (expense):        
Investment income 501 998 1,111 2,035
Interest expense (11,236) (4,047) (22,396) (7,766)
Total other income (expense) (10,735) (3,049) (21,285) (5,731)
Net income (loss) before income tax benefit 76,743 (63,368) 88,394 (107,031)
Income tax benefit 0 (863) 0 (1,079)
Net income (loss) - basic and diluted 76,743 (62,505) 88,394 (105,952)
Net income (loss) per share - basic (in dollars per share) $ 0.81 $ (0.69) $ 0.94 $ (1.18)
Net income (loss) per share - diluted (in dollars per share) $ 0.70 $ (0.69) $ 0.81 $ (1.18)
Weighted average shares outstanding - basic (in shares) 94,589 90,436 94,017 89,799
Weighted average shares outstanding - diluted (in shares) 110,167 90,436 108,998 89,799
Condensed Statements of Comprehensive Income (Loss)        
Net income (loss) - basic and diluted 76,743 (62,505) 88,394 (105,952)
Other comprehensive income (loss):        
Other comprehensive (loss) income, net of tax (1,034) 1,271 (509) 1,587
Comprehensive income (loss) $ 75,709 $ (61,234) $ 87,885 $ (104,365)