Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 47,478 $ 23,160
Prepaid and other current assets 517 215
Total current assets 47,995 23,375
Other Assets 90  
Total Assets 48,085 23,375
Current Liabilities:    
Accounts payable 840 575
Interest payable 116  
PCP interest payable-related party   19
Accrued expenses 3,509 2,899
Total current liabilities 4,465 3,493
PCP notes payable-related party   750
Note payable 14,094  
Other 398  
Total Liabilities 18,957 4,243
Commitments and Contingencies      
Stockholders' Equity:    
Common Stock, $.001 par value, 50,000,000 shares authorized, 24,375,749 and 18,604,245 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively 24 19
Additional paid-in capital 104,623 75,687
Deficit accumulated during development stage (75,519) (56,574)
Total Stockholders' Equity 29,128 19,132
Total Liabilities and Stockholders' Equity 48,085 23,375
Series C Convertible Preferred Stock
    
Stockholders' Equity:    
Convertible Preferred Stock, $.001 par value, 584,390 and 587,376 Series C shares authorized, 0 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively