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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net loss $ (10,563) $ (9,150)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 247 80
Accretion of premium (discount) on marketable investment securities 539 286
Non-cash interest expense 5,296 4,007
Non-cash royalties (22,341) (3,833)
Compensation expense on share based awards 1,880 951
(Increase) decrease in operating assets:    
Accounts receivable 84 (689)
Prepaid expenses, other current assets and other assets 871 (2,166)
(Decrease) increase in operating liabilities:    
Accounts payable and accrued expenses 152 (5,402)
Other liabilities (29) (26)
Net cash used in operating activities (23,864) (15,942)
Cash flows from investing activities:    
Sales of marketable investment securities 0 240
Maturities of marketable investment securities 27,196 14,277
Purchases of marketable investment securities (36,545) (24,290)
Acquisitions of equipment (532) (325)
Net cash used in investing activities (9,881) (10,098)
Cash flows from financing activities:    
Principal payments on debt and capital lease obligation 0 (55,752)
Net proceeds from the sale of common stock and exercise of stock options 324 884
Decrease in restricted cash and cash equivalents 0 50,780
Net cash provided by (used in) financing activities 324 (4,088)
Effect of exchange rate changes on cash (7) (3)
Net increase in cash and cash equivalents (33,428) (30,131)
Cash and cash equivalents at beginning of period 82,401 77,170
Cash and cash equivalents at end of period 48,973 47,039
Supplemental Disclosures of Cash Flow Information    
Cash paid for interest 237 14,363
Cash paid for income taxes 0 0
Supplemental Disclosure of Non-cash Investing and Financing Activities    
Unrealized gains on marketable investment securities 100 36
Accrued acquisition of property and equipment 228 326
Noncash reduction of debt 19,584 0
Conversion of 5.75% convertible notes $ 0 $ 2,861