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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
3 Months Ended
Mar. 31, 2013
Quarter
Customer
Mar. 31, 2012
Payment
Dec. 31, 2012
Concentration of Credit Risk and Major Customers [Abstract]      
Accounts receivable $ 2,910,146   $ 5,082,360
Number of customers 2    
Royalty revenue 3,432,900 1,899,969  
Royalty / Mark-up on Cost of Goods Sold / Earn-Out Revenue [Abstract]      
Number of quarters after which revenue is recognized (in quarters) 1    
Number of days after calendar year, after which payments and report are received 90 days    
Number of years for which bad debt expense not recorded 3 years    
Allowance for doubtful accounts 30,000 30,000  
Reimbursable Third Party Development Costs [Abstract]      
Accrued patent costs 10,000    
Royalty Buy-Down [Abstract]      
Initial payment for royalty buy down 0 1,500,000  
Number of additional cash payments for royalty buy down   5  
Deferred royalty buy-down 2,750,000   2,750,000
Deferred costs, amortization period 5 years    
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Stock-based compensation expense 26,400 39,806  
Total number of shares      
Outstanding shares as of December 31, 2012 (in shares) 1,182,000    
Granted (in shares) 0    
Forfeited (in shares) 0    
Exercised (in shares) 0    
Expired (in shares) 0    
Outstanding shares as of March 31, 2013 (in shares) 1,182,000    
Exercisable shares as of March 31, 2013 (in shares) 1,152,000    
Weighted-Average Exercise Price      
Outstanding as of December 31, 2012 (in dollars per share) $ 8.90    
Granted (in dollars per share) $ 0    
Forfeited (in dollars per share) $ 0    
Exercised (in dollars per share) $ 0    
Expired (in dollars per share) $ 0    
Outstanding as of March 31, 2013 (in dollars per share) $ 8.90    
Exercisable as of March 31, 2013 (in dollars per share) $ 8.47    
Proceeds from stock option exercises 0 78,000  
Aggregate intrinsic value of options outstanding and exercisable 9,900,000    
Closing price of Company stock (in dollars per share) $ 17.05    
Unrecognized compensation cost related to non-vested stock options outstanding 26,400    
Weighted-average period over which unrecognized compensation cost to be recognized 3 months    
Minimum [Member]
     
Property, Plant and Equipment [Line Items]      
Estimated useful life of property, plant and equipment 5 years    
Maximum [Member]
     
Property, Plant and Equipment [Line Items]      
Estimated useful life of property, plant and equipment 10 years    
Research and Development [Member]
     
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Stock-based compensation expense 13,200 22,138  
General and Administrative [Member]
     
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Stock-based compensation expense 13,200 17,668  
Auxilium [Member]
     
Concentration of Credit Risk and Major Customers [Abstract]      
Accounts receivable 1,900,000    
Royalty revenue 2,900,000    
Deferred revenue 300,000    
Auxilium [Member] | Accounts Receivable [Member]
     
Concentration of Credit Risk and Major Customers [Abstract]      
Concentration risk percentage (in hundredths) 66.00%    
Auxilium [Member] | Licensing, Consulting And Royalty Revenue [Member]
     
Concentration of Credit Risk and Major Customers [Abstract]      
Concentration risk percentage (in hundredths) 74.00%    
DFB Biotech Inc. [Member]
     
Concentration of Credit Risk and Major Customers [Abstract]      
Accounts receivable 1,000,000    
Royalty revenue $ 1,000,000    
DFB Biotech Inc. [Member] | Accounts Receivable [Member]
     
Concentration of Credit Risk and Major Customers [Abstract]      
Concentration risk percentage (in hundredths) 34.00%    
DFB Biotech Inc. [Member] | Licensing, Consulting And Royalty Revenue [Member]
     
Concentration of Credit Risk and Major Customers [Abstract]      
Concentration risk percentage (in hundredths) 26.00%