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Segment information
3 Months Ended
Mar. 31, 2012
Segment information [Abstract]  
Segment information
11.  Segment information

For financial reporting purposes, the Company reports financial information for two business segments: Biodefense and Biosciences. The Company’s two business segments, or divisions, engage in business activities for which discrete financial information is reviewed by the chief operating decision maker. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. The Company’s reportable segments are business units that offer different products and product candidates and are managed separately because they manufacture and develop distinct products with different development processes.

In the Biodefense division, the Company develops, manufactures and commercializes vaccines and antibody therapies for use against biological agents that are potential weapons of bioterrorism or biowarfare. Revenues in this segment are primarily from sales of the Company’s FDA-licensed product, BioThrax® (Anthrax Vaccine Adsorbed), to the U.S. government. The Biosciences division consists of two business units, therapeutics and vaccines. In the Biosciences division, the Company develops vaccines, protein therapeutics and technology platforms for use against infectious diseases, oncology, autoimmune and inflammatory disorders and other medical conditions that have resulted in significant unmet or underserved public health needs.  The Biosciences segment comprises development stage product candidates. The “All Other” segment relates to the general operating costs of the Company and includes costs of the centralized services departments, which are not allocated to the other segments, as well as spending on product candidates or activities that are not classified as Biodefense or Biosciences. The assets in this segment consist primarily of cash.

   
Reportable Segments
 
(in thousands)
 
Biodefense
  
Biosciences
  
All Other
  
Total
 
Three Months Ended March 31, 2012
            
External revenue
 $48,636  $1,675  $-  $50,311 
Net income (loss)
  14,266   (19,891)  (1,204)  (6,829)
Total assets
  247,240   123,292   144,155   514,687 
Three Months Ended March 31, 2011
                
External revenue
 $15,500  $3,033  $-  $18,533 
Net loss
  (6,092)  (15,125)  (180)  (21,397)
Total assets
  179,732   107,927   183,618   471,277