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Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended 383 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Statements of Operations and Comprehensive Income (loss) [Abstract]          
Revenues from license fees, grants and research contracts $ 11,207 $ 11,585 $ 22,419 $ 25,881 $ 158,638
Operating expenses:          
Research and development 13,849 17,750 28,654 32,551 361,920
General and administrative 2,915 3,960 6,196 8,986 110,653
Acquired in-process research and development 0 0 0 0 29,461
Operating loss (5,557) (10,125) (12,431) (15,656) (343,396)
Other income (loss):          
Interest income and other, net 107 151 203 241 9,372
Gain (loss) on change in warrant valuation 13,488 11,253 2,562 18,527 27,532
Realized gain on sale of short-term securities-available-for-sale 0 0 0 0 3,863
Write-down of short-term securities-available-for-sale 0 0 0 0 (17,001)
Total other non operating income 13,595 11,404 2,765 18,768 23,766
Net income (loss) 8,038 1,279 (9,666) 3,112 (319,630)
Other comprehensive income (loss):          
Write-down of short-term securities--available-for-sale 0 0 0 0 17,001
Realized gain on sale of short-term securities available-for-sale 0 0 0 0 (3,863)
Unrealized loss on short-term securities--available-for-sale 0 0 0 0 (13,138)
Total Other comprehensive income (loss) 0 0 0 0 0
Comprehensive income (loss) $ 8,038 $ 1,279 $ (9,666) $ 3,112 $ (319,630)
Net income (loss) per share - basic $ 0.36 $ 0.06 $ (0.43) $ 0.15  
Net income (loss) per share - diluted $ 0.35 $ 0.06 $ (0.43) $ 0.14  
Weighted average number of common shares outstanding for computing basic income (loss) per share (in thousands) 22,624 22,348 22,624 20,558  
Weighted average number of common shares outstanding for computing diluted income (loss) per share (in thousands) 22,658 23,153 22,624 21,670