v2.4.0.6

Statements of Operations (USD $)	12 Months Ended		96 Months Ended
Statements of Operations (USD $)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011
Revenue
Costs and expenses:
Research and development	7,260,763	7,276,798	40,092,482
General and administrative	12,443,423	12,282,593	76,889,307
Total costs and expenses	19,704,186	19,559,391	116,981,789
Loss from operations	(19,704,186)	(19,559,391)	(116,981,789)
Other income:
Other income, net	392,850	240,957	633,807
Unrealized gain on derivative liability	70,130		70,130
Interest income	191,446	266,979	792,336
Loss before income taxes	(19,049,760)	(19,051,455)	(115,485,516)
Provision for income taxes
Net loss	$ (19,049,760)	$ (19,051,455)	$ (115,485,516)
Net loss per common share - basic and diluted	$ (0.84)	$ (0.86)
Weighted average shares outstanding - basic and diluted	22,812,000	22,055,000

Aggregate net unrealized gain (loss) on foreign currency option derivative instruments recognized in earnings during the period.

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Total costs of sales and operating expenses for the period.

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