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ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES
6 Months Ended
Jun. 30, 2012
ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES  
ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES

5. ACCRUED LIABILITIES AND OTHER CURRENT LIABILITIES

 

Accrued and other current liabilities consisted of the following:

 

 

 

December 31,
2011

 

June 30,
2012

 

 

 

($000s)

 

Accrued research and development

 

3,471

 

2,923

 

Other current liabilities

 

1,193

 

1,251

 

 

 

4,664

 

4,174

 

 

During the three and six months ended June 30, 2012, the Company recorded out of period reversals of pre-clinical expense accruals of $0.3 million and $0.4 million, respectively, as decreases to accrued liabilities and other current liabilities on the consolidated balance sheets and as decreases to research and development expenses on the consolidated statements of operations.