Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 9,777 $ 7,041
Short-term investments 1,517 10,000
Accounts receivable 1,992 6,110
Inventory 1,345 1,301
Deferred income taxes 237 237
Other current assets 2,778 1,344
Current portion of co-promote termination payments receivable 5,898 6,197
Total current assets 23,544 32,230
Restricted cash and investments 1,341 1,341
Property and equipment, net 375 455
Intangible assets, net 56,855 57,437
Goodwill 14,894 14,894
Long-term portion of co-promote termination payments receivable 14,226 15,255
Other assets 563 738
Total assets 111,798 122,350
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)    
Accounts payable 7,893 11,065
Accrued liabilities 4,143 5,054
Current portion of liability for contingent value rights 2,449 6,879
Bank line of credit 1,500 10,000
Current portion of note payable 1,436  
Current portion of co-promote termination liability 5,898 6,197
Current portion of lease exit obligations 3,160 3,208
Current portion of deferred revenue 727 1,240
Total current liabilities 27,206 43,643
Long-term portion of note payable 26,435 20,286
Long-term portion of co-promote termination liability 14,226 15,255
Long-term portion of deferred revenue, net 3,370 3,466
Long-term portion of lease exit obligations 7,716 8,367
Deferred income taxes 2,664 2,522
Long-term portion of liability for contingent value rights 10,550 11,433
Other long-term liabilities 388 388
Total liabilities 92,555 105,360
Commitments and contingencies      
Common stock subject to conditional redemption; 0 and 112,371 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively   8,344
Stockholders' equity (deficit):    
Common stock, $0.001 par value; 33,333,333 shares authorized; 20,852,523 and 20,682,506 shares issued at March 31, 2012 and December 31, 2011, respectively 21 21
Additional paid-in capital 741,889 732,676
Accumulated other comprehensive income      
Accumulated deficit (680,387) (681,771)
Treasury stock, at cost; 1,118,222 shares at March 31, 2012 and December 31, 2011 (42,280) (42,280)
Total stockholders' equity (deficit) 19,243 8,646
Total liabilities and stockholders' equity (deficit) $ 111,798 $ 122,350