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CONDENSED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 92 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
OPERATING EXPENSES      
General and administrative $ 424 $ 1,165 $ 30,146
Research and development 556 2,082 100,605
Purchased in-process research and development 0 0 34,311
Other 0 0 (375)
Total operating expenses 980 3,247 164,687
Interest and other income, net (4) (10) (13,762)
Loss from continuing operations before taxes 976 3,237 150,925
Income tax benefit 0 0 (1,355)
Loss from continuing operations 976 3,237 149,570
Discontinued operations - net gain on sale of the bone device business, net of taxes of $267 0 0 (2,202)
NET LOSS $ 976 $ 3,237 $ 147,368
Per Share Information:      
Net loss, basic and diluted (in dollars per share) $ 0.02 $ 0.08  
Basic and diluted shares outstanding (in shares) 40,865 40,775