Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Loss and Comprehensive Loss (Unaudited)

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Consolidated Statements of Loss and Comprehensive Loss (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Consolidated Statements of Loss and Comprehensive Loss [Abstract]    
COLLABORATION REVENUE [note 3] $ 5,076 $ 1,316
EXPENSES    
Research and development 10,855 5,082
General and administrative 2,500 1,737
Total operating expenses 13,355 6,819
OTHER INCOME (EXPENSE)    
Interest income 52 50
Other 96 23
Gain (loss) on warrants 1,434 (1,430)
Total other income (expense) 1,582 (1,357)
Net loss (6,697) (6,860)
OTHER COMPREHENSIVE LOSS    
Net unrealized loss on securities (6) (5)
Comprehensive loss $ (6,703) $ (6,865)
Basic and diluted net loss per common share [note 5] $ (0.46) $ (0.67)
Weighted average number of common shares [note 5] 14,660,643 10,235,237