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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income (loss) $ 279,862 $ (168,317)
Adjustments to reconcile net income (loss) to net cash used in by operating activities:    
Depreciation and amortization 27,162 23,156
Non-cash compensation expense 63,385 40,561
Other non-cash charges and expenses, net 21,293 2,121
Changes in assets and liabilites    
(Increase) decrease in Sanofi and trade accounts receivable (498,236) 4,933
(Increase) decrease in prepaid expenses and other assets (61,892) 3,425
Decrease in deferred revenue (28,605) (32,498)
Increase in accounts payable, accrued expenses and other liabilities 29,231 35,254
Total adjustments (447,662) 76,952
Net cash used in operating activities (167,800) (91,365)
Cash flows from investing activities:    
Purchases of marketable securities (398,253) (115,538)
Sales or maturities of marketable securities 260,770 324,530
Increase in restricted cash and marketable securities (518) (685)
Capital expenditures (34,175) (45,928)
Net cash (used in) provided by investing activities (172,176) 162,379
Cash flows from financing activities:    
Payments in connection with facility and capital lease obligations (1,601) (1,010)
Net proceeds from issuances of Common Stock 48,440 40,135
Payments in connection with Common Stock tendered for employee tax obligations (71,475) (16,316)
Net cash (used in) provided by financing activities (24,636) 22,809
Net (decrease) increase in cash and cash equivalents (364,612) 93,823
Cash and cash equivalents at beginning of period 483,610 112,572
Cash and cash equivalents at end of period $ 118,998 $ 206,395