|
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
|
| Revenue: | ||||
| Royalty revenue | $ 190 | $ 683 | ||
| License fee revenue | 625 | 6,875 | ||
| Milestone revenue | 10,000 | 10,000 | ||
| Other revenue | 250 | 250 | ||
| Total revenue | 10,440 | 625 | 10,933 | 6,875 |
| Operating expense: | ||||
| Research and development | 3,057 | 2,668 | 8,273 | 7,922 |
| General and administrative | 2,483 | 2,919 | 7,998 | 8,045 |
| Total operating expense | 5,540 | 5,587 | 16,271 | 15,967 |
| Income(Loss) from operations | 4,900 | (4,962) | (5,338) | (9,092) |
| Interest and other income (expense), net | (45) | (29) | (124) | (84) |
| Net income ( loss) | 4,855 | (4,991) | (5,462) | (9,176) |
| Net income (loss) per share: | ||||
| Basic | $ 0.26 | $ (0.37) | $ (0.33) | $ (0.68) |
| Diluted | $ 0.25 | $ (0.37) | $ (0.33) | $ (0.68) |
| Weighted average shares outstanding | ||||
| Basic | 18,568 | 13,522 | 16,523 | 13,491 |
| Diluted | 19,232 | 13,522 | 16,523 | 13,491 |
| Comprehensive income (loss) | $ 4,862 | $ (4,996) | $ (5,485) | $ (9,142) |