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CONDENSED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended 84 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
OPERATING EXPENSES          
General and administrative $ 797 $ 789 $ 1,962 $ 1,762 $ 28,178
Research and development 1,376 2,160 3,458 4,183 97,113
Purchased in-process research and development 0 0 0 0 34,311
Other 0 0 0 0 (375)
Total operating expenses 2,173 2,949 5,420 5,945 159,227
Interest and other income, net (4) (26) (14) (71) (13,741)
Loss from continuing operations before taxes 2,169 2,923 5,406 5,874 145,486
Income tax benefit 0 0 0 0 (1,197)
Loss from continuing operations 2,169 2,923 5,406 5,874 144,289
Discontinued operations - net gain on sale of the bone device business, net of taxes of $267 0 0 0 0 (2,202)
NET LOSS $ 2,169 $ 2,923 $ (5,406) $ (5,874) $ (142,087)
Per Share Information:          
Net loss, basic and diluted (in dollars per share) $ 0.05 $ 0.07 $ 0.13 $ 0.14  
Basic and diluted shares outstanding (in shares) 40,775 40,775 40,775 40,775