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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income (loss) - basic and diluted $ 88,394 $ (105,952)
Adjustments to reconcile net income (loss) to net cash used in by operating activities:    
Depreciation and amortization 17,833 14,880
Non-cash compensation expense 42,850 27,197
Other non-cash charges and expenses, net 13,373 832
Changes in assets and liabilities:    
Increase in Sanofi and trade accounts receivable (332,345) (1,138)
(Increase) decrease in prepaid expenses and other assets (10,643) 1,528
Decrease in deferred revenue (17,669) (20,554)
Increase in accounts payable, accrued expenses, and other liabilities 32,789 38,577
Total adjustments (253,812) 61,322
Net cash used in operating activities (165,418) (44,630)
Cash flows from investing activities:    
Purchases of marketable securities (270,907) (15,638)
Sales or maturities of marketable securities 171,881 216,631
Increase in restricted cash and marketable securities (469) (681)
Capital expenditures (23,927) (37,030)
Net cash (used in) provided by investing activities (123,422) 163,282
Cash flows from financing activities:    
Payments in connection with facility and capital lease obligations (1,014) (704)
Net proceeds from issuances of Common Stock 39,631 28,501
Payments in connection with Common Stock tendered for employee tax obligations (61,444) (4,709)
Net cash (used in) provided by financing activities (22,827) 23,088
Net (decrease) increase in cash and cash equivalents (311,667) 141,740
Cash and cash equivalents at beginning of period 483,610 112,572
Cash and cash equivalents at end of period $ 171,943 $ 254,312