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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
License and collaboration revenue (Note 2) $ 25,189 $ 174,460 $ 8,302
Service revenue 111 4,520  
Total revenue 25,300 178,980 8,302
Operating expenses:      
Research and development 77,743 57,985 63,447
General and administrative 24,380 16,095 16,888
Total operating expenses 102,123 74,080 80,335
Income (loss) from operations (76,823) 104,900 (72,033)
Other income (expense):      
Interest income 167 86 116
Interest expense (232) (206) (287)
Revaluation of warrant liability (46,715) (19,532) (7,804)
Other income (expense), net (46,780) (19,652) (7,975)
Net income (loss) $ (123,603) $ 85,248 $ (80,008)
Net income (loss) per share - basic $ (0.93) $ 0.75 $ (0.86)
- diluted $ (0.93) $ 0.74 $ (0.86)
Weighted-average number of shares of common stock outstanding - basic 132,375 113,020 93,330
- diluted 132,375 114,734 93,330