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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Royalties $ 22,924 $ 18,551
Milestones and license fees 0 5,025
Total revenues 22,924 23,576
Operating expenses    
Cost of license fees 0 2,538
Research and development 20,199 14,905
General and administrative 7,770 5,076
Total operating expenses 27,969 22,519
Operating (loss) income (5,045) 1,057
Other income (expense)    
Interest income, net 84 81
Interest expense (5,534) (10,231)
Other (68) (39)
Total other expense, net (5,518) (10,189)
Loss before income tax expense (10,563) (9,132)
Income tax expense 0 18
Net loss $ (10,563) $ (9,150)
Net loss per common and potential common share    
Basic $ (0.12) $ (0.13)
Diluted $ (0.12) $ (0.13)
Weighted average common and potential common shares outstanding    
Basic shares 86,850 68,098
Diluted shares 86,850 68,098