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STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended 89 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
OPERATING EXPENSES      
General and administrative $ 3,506 $ 3,240 $ 29,722
Research and development 6,394 8,168 100,049
Purchased in-process research and development 0 0 34,311
Other 0 0 (375)
Total operating expenses 9,900 11,408 163,707
Interest and other income, net (31) (356) (13,758)
Loss from continuing operations before taxes 9,869 11,052 149,949
Income tax benefit (158) (181) (1,355)
Loss from continuing operations 9,711 10,871 148,594
Discontinued Operations - net gain on the sale of the bone device business, net of taxes of $267 0 0 (2,202)
NET LOSS $ 9,711 $ 10,871 $ 146,392
Per Share Information:      
Net loss, basic and diluted (in dollars per share) $ 0.24 $ 0.27  
Basic and diluted shares outstanding (in shares) 40,775 40,775