Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities    
Net income (loss) $ 5,366 $ (14,876)
Less: gain from discontinued operations 3 258
Income (loss) from continuing operations 5,363 (15,134)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Accretion of deferred gain on sale leaseback (1,277) (1,277)
Change in estimated fair value of contingent value rights 835 (6,702)
Depreciation and amortization 2,099 2,117
Non-cash lease costs (135) 9,591
Gain on asset write-offs   4,990
Realized loss (gain) on investment 6 (585)
Stock-based compensation 2,646 2,014
Deferred income taxes (13,760)  
Write-off of in-process research and development 2,282  
Other 195 32
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net 476 523
Inventory 455  
Other current assets 4,545 22
Other long term assets 566 (372)
Accounts payable and accrued liabilities (7,110) (14,235)
Other liabilities (4,129) (1,075)
Deferred revenue (1,246) (5,938)
Net cash used in operating activities of continuing operations (8,189) (26,029)
Net cash provided by operating activities of discontinued operations   262
Net cash used in operating activities (8,189) (25,767)
Investing activities    
Purchases of property and equipment   (70)
Acquisition of CyDex, net of cash acquired (32,024)  
Acquisition of Metabasis, net of cash acquired   (2,834)
Acquisition of intellectual property   (1,375)
Purchases of short-term investments (10,000) (33,793)
Proceeds from sale of short-term investments 19,346 51,306
Proceeds from sale of property, and equipment and building   589
Purchases of property and equipment and building (116)  
Other, net (59) (311)
Net cash provided by (used in) investing activities of continuing operations (22,853) 13,512
Net cash provided by investing activities of discontinued operations      
Net cash provided by (used in) investing activities (22,853) 13,512
Financing activities    
Proceeds from issuance of debt 30,000  
Share repurchases (55)  
Principal payments on equipment financing obligations   (91)
Net proceeds from issuance of common stock 2 110
Net cash provided by financing activities 29,947 19
Net decrease in cash and cash equivalents (1,095) (12,236)
Cash and cash equivalents at beginning of period 3,346 16,032
Cash and cash equivalents at end of period 2,251 3,796
Supplemental disclosure of cash flow information    
Interest paid 1,749 39
Taxes paid $ 27 $ 28