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STATEMENTS OF OPERATIONS (USD $)
9 Months Ended12 Months Ended99 Months Ended3 Months Ended12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2010
Mar. 31, 2011
Pre Acquisition
Mar. 31, 2010
Pre Acquisition
Dec. 31, 2010
Pre Acquisition
Dec. 31, 2009
Pre Acquisition
REVENUE     $ 8,333$ 8,333$ 33,334$ 33,334
COSTS AND EXPENSES:         
Research and development2,445,4292,616,8342,984,2074,351,98317,205,959532,6861,910,8892,997,9848,080,242
General and administrative1,827,5101,014,0941,156,5491,824,3026,970,179611,877644,7632,486,0322,182,253
Merger costs746,207 52,925 52,925    
Total costs and expenses5,019,1463,630,9284,193,6816,176,28524,229,0631,144,5632,555,6525,484,01610,262,495
LOSS FROM OPERATIONS(5,019,146)(3,630,928)(4,193,681)(6,176,285)(24,229,063)(1,136,230)(2,547,319)(5,450,682)(10,229,161)
OTHER INCOME (EXPENSE):         
Interest income     668 2,4211,013
Grant income44,479 200,000 200,000  244,47962,980
(Gain) loss on derivative warrants(66,820)    125,4907,897,4418,118,174(12,114,371)
Liquidated damages (see Note 6)       (819,000) 
Interest expense, net(428,015)(467,495)(566,156)(43,588)(17,102)    
Miscellaneous        6,233
Other income  (426) 1,161    
Total other income (expense)(450,356)(467,495)(366,582)(43,588)184,059126,1587,897,4417,546,074(12,044,145)
NET INCOME (LOSS)(5,469,502)(4,098,423)(4,560,263)(6,219,873)(24,045,004)(1,010,072)5,350,1222,095,392(22,273,306)
PREFERRED STOCK DIVIDENDS      (656,635)(2,207,827)(3,296,289)
PREFERRED STOCK DEEMED DIVIDENDS       (12,541,201)(714,031)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS     $ (1,010,072)$ 4,693,487$ (12,653,636)$ (26,283,626)
BASIC AND DILUTED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER COMMON SHARE$ (0.25)$ (0.32)$ (0.36)$ (0.49)$ (2.53)  $ (15.36)$ (80.57)
BASIC NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS PER COMMON SHARE     $ (0.34)$ 8.99  
SHARES USED IN COMPUTING BASIC AND DILUTED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER COMMON SHARE21,847,98412,820,10212,820,10212,820,1029,513,115  823,933326,209
SHARES USED IN COMPUTING BASIC NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS PER COMMON SHARE     2,959,871522,350  
DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS PER COMMON SHARE     $ (0.34)$ 3.41  
SHARES USED IN COMPUTING DILUTED NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS PER COMMON SHARE     2,959,871881,861