v2.3.0.11
Condensed Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 38,264 $ 78,752
Marketable securities 45,204 16,663
Prepaid expenses and other current assets 611 246
Total current assets 84,079 95,661
Property and Equipment, at cost:    
Laboratory equipment 1,456 943
Office and computer equipment 382 188
Leasehold improvements 89 89
Furniture and fixtures 23 20
Property and Equipment, gross 1,950 1,240
Less-Accumulated depreciation (531) (386)
Property and Equipment, net 1,419 854
TOTAL ASSETS 85,498 96,515
Current Liabilities:    
Accounts payable 1,086 1,028
Accrued expenses 1,837 1,987
Deferred license fees, current portion 4,143 4,143
Total current liabilities 7,066 7,158
Long term debt 1,000 1,000
Long term accrued interest 31 21
Deferred license fees, less current portion 6,510 8,582
Commitments and contingencies    
Stockholders' Equity:    
Preferred stock, $0.01 par value Authorized-5,000,000 shares Issued and outstanding-no shares at June 30, 2011 and December 31, 2010    
Common stock, $0.01 par value Authorized-100,000,000 shares Issued and outstanding-52,487,555 and 52,163,629 shares at June 30, 2011 and December 31, 2010 525 522
Additional paid-in capital 274,525 272,380
Other comprehensive income (12) 1
Accumulated deficit (204,147) (193,149)
Total stockholders' equity 70,891 79,754
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 85,498 $ 96,515