Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

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Accrued Liabilities
 3 Months Ended
Mar. 31, 2012
Accrued Liabilities [Abstract]  
Accrued Liabilities

4. Accrued Liabilities

Accrued expenses consisted of the following:

 

($ in thousands)    As of March 31,
2012 		     As of December 31,
2011 		 

Salaries, bonuses and related benefits

    $ 347       $ 493   

Professional fees

      206         215   

Research and development expenses

      232         653   

Accrued milestones

      1,950         1,500   

Other

      88         38   
  

 

 

     

 

 

  

Total accrued expenses

    $ 2,823       $ 2,899   
  

 

 

     

 

 

  

Accrued milestones at March 31, 2012 include milestones due to OvaMed for $1.7 million and a milestone payment due to University College of London Business PLC, ("UCLB") for $250,000.