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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ (123,603) $ 85,248 $ (80,008)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation, amortization and impairments 4,614 6,147 4,219
Accretion of discount on marketable securities     (20)
Stock-based compensation 7,675 4,836 4,355
Deferred executive compensation expense 1,719 1,477 1,134
Revaluation of warrant liability 46,715 19,532 7,804
Increase (decrease) from:      
Other current and non-current assets (145) 814 2,092
Amounts due under license and collaboration agreements 373 3,176 1,997
Accounts payable 2,394 (1,684) (4,564)
Accrued compensation and benefits 82 76 233
Accrued product development expenses 3,759 117 (1,864)
Other accrued expenses 1,271 (1,043) (1,282)
Other liabilities 1,660 18 662
Deferred revenue 999 (111,611) 14,347
Deferred executive compensation paid (775) (685) (1,009)
Net cash provided by (used in) operating activities (53,262) 6,418 (51,904)
Cash flows from investing activities:      
Acquisitions of marketable securities     (7,599)
Proceeds from maturities of marketable securities     22,426
Change in restricted cash     (50)
Investment in property and equipment (1,452) (1,344) (2,198)
Investment in intangible assets (671) (691) (1,308)
Net cash provided by (used in) investing activities (2,123) (2,035) 11,271
Cash flows from financing activities:      
Proceeds from long-term borrowings 4,375    
Repayment of long-term borrowings (1,400) (1,925) (1,400)
Proceeds from issuance of common stock, net of issuance costs 243,058 57,515 58,370
Proceeds from issuance of common stock pursuant to warrants 8,080 2,624  
Principal payments under capital lease obligations (66) (118) (87)
Payment of tax withholding obligations related to stock compensation (827)    
Proceeds from issuance of common stock pursuant to stock option and purchase plans 4,791 789 568
Net cash provided by financing activities 258,011 58,885 57,451
Net increase in cash and cash equivalents 202,626 63,268 16,818
Cash and cash equivalents, beginning of year 103,630 40,362 23,544
Cash and cash equivalents, end of year 306,256 103,630 40,362
Supplemental disclosures:      
Interest paid 230 182 302
Property and equipment acquired through capital lease   19 206
Non-cash transaction - property and equipment included in accounts payable or accruals $ 911