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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues from collaborative agreements $ 150 $ 225 $ 300 $ 450
License fees and royalties 312 776 1,667 1,469
Total revenues 462 1,001 1,967 1,919
Operating expenses:        
Research and development (including amounts for related parties: three months - 2011-none; 2010- $317; six months 2011-none; 2010-$644) 16,544 13,389 33,299 26,934
General and administrative 5,334 4,488 14,440 8,338
Total operating expenses 21,878 17,877 47,739 35,272
Loss from operations (21,416) (16,876) (45,772) (33,353)
Unrealized gain on derivatives, net 240 172 279 230
Interest and other income 287 194 583 396
Losses recognized under equity method investment (168) (496) (503) (892)
Interest and other expense (31) (25) (64) (52)
Net loss $ (21,088) $ (17,031) $ (45,477) $ (33,671)
Basic and diluted net loss per share (in dollars per share) $ (0.17) $ (0.18) $ (0.37) $ (0.35)
Shares used in computing basic and diluted net loss per share (in shares) 124,579,190 96,712,059 123,838,959 95,862,080