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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Customer
Sep. 30, 2012
Mar. 31, 2012
Payment
Sep. 30, 2013
Quarter
Customer
Sep. 30, 2012
Dec. 31, 2012
Concentration of Credit Risk and Major Customers [Abstract]            
Accounts receivable $ 5,044,682     $ 5,044,682   $ 5,082,360
Number of customers 2     2    
Royalty revenue 3,087,491 2,307,073   9,717,994 6,698,355  
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   30,000 30,000  
Reimbursable Third Party Development Costs [Abstract]            
Accrued patent costs 45,000     45,000    
Royalty Buy-Down [Abstract]            
Initial payment for royalty buy down     1,500,000 0 1,500,000  
Number of additional cash payments for royalty buy down     5      
Deferred royalty buy-down 2,750,000     2,750,000   2,750,000
Deferred costs, amortization period       5 years    
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]            
Expected volatility rate (in hundredths)       33.00%    
Risk free interest rate (in hundredths)       1.73%    
Average exercise period       5 years    
Stock-based compensation expense 1,172 26,400   106,622 202,085  
Total number of shares            
Outstanding, beginning of period (in shares)       1,182,000    
Granted (in shares)       30,000    
Forfeited (in shares)       (15,000)    
Exercised (in shares)       (10,000)    
Expired (in shares)       0    
Outstanding, end of period (in shares) 1,187,000     1,187,000    
Exercisable, end of period (in shares) 1,152,000     1,152,000    
Weighted-Average Exercise Price            
Outstanding, beginning of period (in dollars per share)       $ 8.90    
Granted (in dollars per share)       $ 16.88    
Forfeited (in dollars per share)       $ 30.79    
Exercised (in dollars per share)       $ 1.00    
Expired (in dollars per share)       $ 0    
Outstanding, end of period (in dollars per share) $ 8.89     $ 8.89    
Exercisable, end of period (in dollars per share) $ 8.42     $ 8.42    
Proceeds from stock option exercises       10,000 148,425  
Aggregate intrinsic value of options outstanding and exercisable 8,200,000     8,200,000    
Closing price of Company stock (in dollars per share) $ 19.47     $ 19.47    
Unrecognized compensation cost related to non-vested stock options outstanding 77,000     77,000    
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    
Director [Member]
           
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]            
Stock granted during period, value of stock options 78,000          
Total number of shares            
Granted (in shares) 15,000          
Research and Development [Member]
           
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]            
Stock-based compensation expense 0 13,200   92,249 158,017  
General and Administrative [Member]
           
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]            
Stock-based compensation expense 1,172 13,200   14,372 44,068  
Auxilium [Member]
           
Concentration of Credit Risk and Major Customers [Abstract]            
Accounts receivable 1,500,000     1,500,000    
Royalty revenue 2,100,000          
Deferred revenue 200,000     200,000    
Auxilium [Member] | Accounts Receivable [Member]
           
Concentration of Credit Risk and Major Customers [Abstract]            
Concentration risk percentage (in hundredths)       30.00%    
Auxilium [Member] | Licensing, Consulting And Royalty Revenue [Member]
           
Concentration of Credit Risk and Major Customers [Abstract]            
Concentration risk percentage (in hundredths) 68.00%          
DFB Biotech Inc. [Member]
           
Concentration of Credit Risk and Major Customers [Abstract]            
Accounts receivable 3,500,000     3,500,000    
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)       70.00%    
DFB Biotech Inc. [Member] | Licensing, Consulting And Royalty Revenue [Member]
           
Concentration of Credit Risk and Major Customers [Abstract]            
Concentration risk percentage (in hundredths) 32.00%