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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
Operating activities      
Net income (loss) $ 9,715 $ (10,373) $ (1,948)
Less: gain from discontinued operations 3 2,413 6,389
Income (loss) from continuing operations 9,712 (12,786) (8,337)
Adjustments to reconcile net income (loss) to net cash used in operating activities, including effects of business acquired:      
Write-off of acquired in-process research and development 2,282 2,754 442
Non-cash change in estimated fair value of contingent liabilities 1,888 (9,142) 0
Accretion of deferred gain on sale leaseback (1,702) (1,702) (21,851)
Depreciation and amortization 2,790 2,212 4,634
Non-cash lease costs (51) 9,042 10,102
Non-cash development milestone revenue     (915)
Loss (gain) on asset write-offs (456) 5,303 500
Realized loss (gain) on investment 6 (607) (232)
Stock-based compensation 3,351 2,325 3,365
Deferred income taxes (13,402)    
Other 285 32 (18)
Changes in operating assets and liabilities, net of acquisition:      
Accounts receivable, net (3,915) (375) (618)
Inventory 1,114    
Other current assets 4,864 (3,931) (448)
Other long term assets 605 (332) 10,346
Accounts payable and accrued liabilities (11,568) (13,447) (10,989)
Other liabilities 865 (715) (2,318)
Deferred revenue 2,160 (5,938) (14,302)
Net cash used in operating activities of continuing operations (1,172) (27,307) (30,639)
Net cash provided by (used in) operating activities of discontinued operations   240 (3,162)
Net cash used in operating activities (1,172) (27,067) (33,801)
Investing activities      
Acquisition of Metabasis, net of cash acquired   (2,834)  
Acquisition of CyDex, net of cash acquired (32,024)    
Cash acquired from acquisition of Neurogen     9,796
Payments to CVR holders (2,875)    
Acquisition of intellectual property   (1,247)  
Purchases of property, equipment and building (78) (70) (522)
Proceeds from sale of property, and equipment and building 530 589 108
Purchases of short-term investments (10,000) (35,584) (32,806)
Proceeds from sale of short-term investments 19,346 54,040 47,761
Other, net (31) (354) 431
Net cash provide by (used in) investing activities of continuing operations (25,132) 14,540 24,768
Net cash provided by investing activities of discontinued operations         
Net cash provided by (used in) investing activities (25,132) 14,540 24,768
Financing activities      
Principal payments on equipment financing obligations   (91) (473)
Proceeds from issuance of debt 30,000    
Repayment of debt     (3,443)
Proceeds from issuance of common stock, net 54 23 228
Share repurchases (55) (91)  
Net cash provided by (used in) financing activities of continuing operations 29,999 (159) (3,688)
Net cash provided by (used in) financing activities of discontinued operations         
Net cash provided by (used in) financing activities 29,999 (159) (3,688)
Net increase (decrease) in cash and cash equivalents 3,695 (12,686) (12,721)
Cash and cash equivalents at beginning of year 3,346 16,032 28,753
Cash and cash equivalents at end of year 7,041 3,346 16,032
Supplemental disclosure of cash flow information      
Interest paid 2,463 58 270
Taxes paid 39 28 14
Proceeds received from sale of building and disbursed to Neurogen shareholders   $ 3,170  
Supplemental schedule of non-cash investing and financing activities      
Issuance of common stock for acquisition     8,946