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LOSSES PER SHARE (Tables)
12 Months Ended
Dec. 31, 2014
LOSSES PER SHARE [Abstract]  
Schedule of computation of basic and diluted losses per share
 

Year ended December 31,


 


2014


 


2013


 


2012


  Numerator:

         

  Net loss for basic loss per share

  $ (11,094 )   $ (14,083 )   $ (13,628 )
     

  Loss in respect to change in fair value of research and development funding arrangement

  (1,295 )   -   (16 )
     

  Net loss for basic loss per share

  $ (12,389 )   $ (14,083 )   $ (13,644 )
     

  Denominator:

     

  Weighted average number of ordinary shares used in computing basic net loss per share

  47,808,855   38,869,438   35,844,496
     

  Dilutive average number of ordinary shares in respect to research and development funding arrangement

  578,208   -   404,766

  Weighted average number of ordinary shares used in computing diluted net loss per share

  48,387,063   38,869,438   36,249,262
     

  Diluted earnings per ordinary share

  $ (0.26 )   $ (0.36 )   $ (0.38 )