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 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Consolidated Statements of Loss and Comprehensive Loss [Abstract]        
COLLABORATION REVENUE [note3] $ 2,429 $ 1,887 $ 3,745 $ 3,086
EXPENSES        
Research and development 6,326 5,409 11,408 10,262
General and administrative 2,047 1,471 3,784 3,042
Total expenses 8,373 6,880 15,192 13,304
LOSS FROM OPERATIONS 5,944 4,993 11,447 10,218
OTHER INCOME (EXPENSE)        
Interest income 91 63 141 119
Other (6) 87 17 83
(Loss) gain on warrants [notes 4 and 5] 1,644 (1,687) 214 441
Total other income (expense) 1,729 (1,573) 372 643
Loss for the period before income taxes 4,215 6,530 11,075 9,575
Income taxes            
Net loss 4,215 6,530 11,075 9,575
OTHER COMPREHENSIVE INCOME (LOSS)        
Net unrealized loss on securities (19) (54) (19) (3)
Total other comprehensive (loss) income (19) (54) (19) (3)
Total comprehensive loss $ 4,234 $ 6,584 $ 11,094 $ 9,578
Basic and diluted loss per common share [note 5(c)] $ 0.29 $ 0.67 $ 0.89 $ 0.99
Weighted average number of common shares [note 5(c)] basic and diluted 14,554,502 9,718,251 12,394,869 9,715,846