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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)
3 Months Ended 12 Months Ended 126 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Dec. 31, 2011
Mar. 31, 2012
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Research and development expenses, net $ 445,066 $ 373,483 $ 1,789,301 $ 9,000,780
General and administrative expenses 202,935 165,638 544,145 2,364,669
Other income          (912)
Operating loss 648,001 539,121 2,333,446 11,364,537
Financing (income) expenses, net (13,048) 1,143 30,893 1,787,935
Loss for the period 634,953 540,264 2,364,339 13,152,472
Other comprehensive (income) loss:        
Foreign currency translation adjustment 11,561 41,215 (39,052) (11,073)
Comprehensive loss $ 646,514 $ 581,479 $ 2,325,287 $ 13,141,399
Loss per share (Basic and Diluted) (Note 4) $ 0.12 $ 0.11 $ 0.46  
Weighted average number of shares outstanding (Basic and Diluted) (Note 4) 5,295,543 4,855,445 5,091,330