Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
3 Months Ended
Mar. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events

8. Subsequent Events

Financing

On April 9, 2012, we entered into subscription agreements with certain institutional investors for the purchase and sale of (i) 6,517,648 shares of our common stock (the "Shares"), (ii) six-year warrants to purchase 6,517,648 shares of common stock at an exercise price of $1.15 per share (the "Series A Warrants") and (iii) six-month warrants to purchase 6,517,648 shares of common stock at an exercise price of $0.85 per share (together with the Series A Warrants, the "Warrants") for gross proceeds of $5,540,000 (the "Offering"). The closing of the sale of the Shares and Warrants occurred on April 13, 2012 and April 18, 2012. As a result of the Offering, and pursuant to the terms of the Deerfield Warrants, the exercise price of the Deerfield Warrants was adjusted to $1.25 per share.