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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Sponsored research and development $ 1,369 $ 2,396 $ 4,938 $ 8,589
Milestones and license fees 7,988 39,238 26,255 57,714
Total revenues 9,357 41,634 31,193 66,303
Operating expenses:        
Research and development 9,860 7,456 28,066 22,949
General and administrative 3,324 3,825 10,126 9,790
Cease-use expense 135 (87) 135 89
Total operating expenses 13,319 11,194 38,327 32,828
(Loss) income from operations (3,962) 30,440 (7,134) 33,475
Other income:        
Gain on sale/disposal of assets   86 25 184
Deferred gain on real estate 759 736 2,276 2,209
Investment income, net 123 102 359 341
Other income, net 2 18 9 31
Total other income 884 942 2,669 2,765
Net (loss) income (3,078) 31,382 (4,465) 36,240
Net (loss) income per common share:        
Basic $ (0.05) $ 0.57 $ (0.07) $ 0.66
Diluted $ (0.05) $ 0.56 $ (0.07) $ 0.64
Shares used in the calculation of net (loss) income per common share:        
Basic 66,342 55,248 65,355 55,148
Diluted 66,342 56,378 65,355 56,309
Other comprehensive (loss) income:        
Net (loss) income (3,078) 31,382 (4,465) 36,240
Net unrealized gains (losses) on available-for-sale securities 162 (140) 106 (111)
Comprehensive (loss) income $ (2,916) $ 31,242 $ (4,359) $ 36,129