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ments of Regeneron Pharmaceuticals, Inc. (&amp;#8220;Regeneron&amp;#8221; or the &amp;#8220;Company&amp;#8221;) have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X.&amp;#160;&amp;#160;Accordingly, they do not include all information and disclosures necessary for a presentation of the Company&amp;#8217;s financial position, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America.&amp;#160;&amp;#160;In the opinion of management, these financial statements reflect all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation of the Company&amp;#8217;s financial position, results of operations, and cash flows for such periods.&amp;#160;&amp;#160;The results of operations for any interim periods are not necessarily indicative of the results for the full year.&amp;#160;&amp;#160;The December 31, 2009 Condensed Balance Sheet data were derived from audited fina
ncial statements, but do not include all disclosures required by accounting principles generally accepted in the United States of America.&amp;#160;&amp;#160;These financial statements should be read in conjunction with the financial statements and notes thereto contained in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 31, 2009.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Effective in the first quarter of 2010, the estimated useful lives of certain capitalized laboratory and other equipment, which is a component of property, plant, and equipment, was extended.&amp;#160;&amp;#160;The effect of this change in estimate was to lower depreciation expense by $1.0 million and $2.0 million and to lower the Company&amp;#8217;s net loss per sha
re by $0.01 and $0.02 for the three and six months ended June 30, 2010, respectively.&lt;/font&gt;&lt;/div&gt;</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
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  <!--Weighted average shares outstanding, basic and diluted-->
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"0" cellpadding="0" width="100%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="40%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="10%" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Amortized&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM
: 2px" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="10%" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Fair&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="34%" colspan="10"&gt;
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 June 30, 2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="10%" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Cost Basis&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; 
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ustify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Maturities within one year&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="10%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="10%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left
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: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;175,866&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;776&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4p
x; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(447&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&
lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;329&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DI
SPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;At June 30, 2010 and December 31, 2009, marketable securities included an additional unrealized loss of $0.3 million and an additional unrealized gain of $1.4 million, respectively, related to the equity security in the Company&amp;#8217;s marketable securities portfolio.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;The following table shows the fair value of the Company&amp;#8217;s marketable securities that have unrealized losses and that are deemed to be only temporarily impaired, aggregated by investment category and length of time that the individual securities have been in a continuous unrealiz
ed loss position, at June 30, 2010 and December 31, 2009.&amp;#160;&amp;#160;The debt securities listed at June 30, 2010 mature at various dates through July 2013.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&amp;#160;&lt;/div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-F
AMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Less than 12 Months&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;12 Months or Greater&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTT
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0;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" align="left"&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&amp;#160;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;At June 30, 2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: ti
mes new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Fair Value&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Unrealized &lt;font style="DISPLAY: inline"&gt;Loss&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: 
inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Fair Value&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&l
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LY: times new roman"&gt;Unrealized &lt;font style="DISPLAY: inline"&gt;Loss&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;U.S. government obligations&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom"&gt;&lt;font 
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;23,417&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(4&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FA
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ght" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(401&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTT
OM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;12,605&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&
gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(447&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Realized gains and losses are included as a component of investment income.&amp;#160;&amp;#160;For the three and six months ended June 30, 2010 and 2009, realized gains and losses on sales of marketable securities were not signifi
cant.&amp;#160;&amp;#160;In computing realized gains and losses, the Company computes the cost of its investments on a specific identification basis.&amp;#160;&amp;#160;Such cost includes the direct costs to acquire the security, adjusted for the amortization of any discount or premium.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;The Company&amp;#8217;s assets that are measured at fair value on a recurring basis&lt;font style="DISPLAY: inline; FONT-STYLE: italic"&gt;,&lt;/font&gt; at June 30, 2010 and December 31, 2009, were as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="90%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width=
"48%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="12%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" align="left" width="38%" colspan="8"&gt;&lt;di
v style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Fair Value Measurements at Reporting Date Using&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="48%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left" width="12%" colspan="2"&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-
FAMILY: times new roman"&gt;Fair Value&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" align="left" width="12%" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Quoted Prices in Active Markets for Identical Assets&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new
 roman"&gt;&lt;font style="DISPLAY: inline"&gt;(Level 1)&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" align="left" width="12%" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Significant Other Observable Inputs&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAM
ILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(Level 2)&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" align="left" width="10%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Significant Unobservable Inputs&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(Level 3)&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bot
tom" align="left" width="48%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;At June 30, 2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="12%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10
pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="12%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="12%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ti
mes new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="10%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="48%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Available-for-sale marketable securities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="12%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FO
NT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="12%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="12%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: i
nline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="10%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="48%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;U.S. government obligations&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="11%"&
gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;186,744&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="12%" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp
;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="11%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;186,744&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="10%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="48%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE
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; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="11%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;3,238&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="10%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="48%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;U.S. government guaranteed collateralized mortgage obligations&lt;/font&gt;
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s in fair value below cost are other-than-temporary.&amp;#160;&amp;#160;With respect to debt securities, this review process also includes an evaluation of the Company&amp;#8217;s (a) intent to sell an individual debt security or (b) need to sell the debt security before its anticipated recovery or maturity.&amp;#160;&amp;#160;With respect to equity securities, this review process includes an evaluation of the Company&amp;#8217;s ability and intent to hold the securities until their full value can be recovered.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;The current economic environment, the deterioration in the credit quality of issuers of securities that the Company holds, and the continuing volatility of securities markets increase the risk of potential declines in
 the current market value of marketable securities in the Company&amp;#8217;s investment portfolio.&amp;#160;&amp;#160;Such declines could result in charges against income in future periods for other-than-temporary impairments and the amounts could be material.&lt;/font&gt;&lt;/div&gt;</us-gaap:MarketableSecuritiesTextBlock>
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  <!--Net proceeds from the issuance of Common Stock-->
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  <!--Net proceeds from the issuance of Common Stock-->
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  <!--Purchases of marketable securities-->
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  <!--Purchases of marketable securities-->
  <us-gaap:PaymentsToAcquireMarketableSecurities unitRef="u000" decimals="-3" contextRef="c00035">222168000</us-gaap:PaymentsToAcquireMarketableSecurities>
  <!--Decrease (increase) in prepaid expenses and other assets-->
  <us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets unitRef="u000" decimals="-3" contextRef="c00020">578000</us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
  <!--Decrease (increase) in prepaid expenses and other assets-->
  <us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets unitRef="u000" decimals="-3" contextRef="c00035">-1604000</us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
  <!--Preferred stock, shares authorized-->
  <us-gaap:PreferredStockSharesAuthorized unitRef="u001" decimals="0" contextRef="c00028">30000000</us-gaap:PreferredStockSharesAuthorized>
  <!--Preferred stock, shares authorized-->
  <us-gaap:PreferredStockSharesAuthorized unitRef="u001" decimals="0" contextRef="c00014">30000000</us-gaap:PreferredStockSharesAuthorized>
  <!--Deferred revenue from sanofi-aventis, current portion-->
  <regn:DeferredRevenueFromRelatedPartyCurrent unitRef="u000" decimals="-3" contextRef="c00028">19126000</regn:DeferredRevenueFromRelatedPartyCurrent>
  <!--Deferred revenue from sanofi-aventis, current portion-->
  <regn:DeferredRevenueFromRelatedPartyCurrent unitRef="u000" decimals="-3" contextRef="c00014">17523000</regn:DeferredRevenueFromRelatedPartyCurrent>
  <!--Current Fiscal Year End Date-->
  <dei:CurrentFiscalYearEndDate contextRef="c00035">--12-31</dei:CurrentFiscalYearEndDate>
  <!--Entity Registrant Name-->
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  <!--Issuance of Common Stock in connection with exercise of stock options, net of shares tendered - Common Stock Amount- Common Stock [Member]-->
  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised unitRef="u000" decimals="-3" contextRef="c00036">1000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
  <!--Issuance of Common Stock in connection with exercise of stock options, net of shares tendered - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Issuance of Common Stock in connection with exercise of stock options, net of shares tendered - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised unitRef="u000" decimals="-3" contextRef="c00037">11391000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
  <!--Issuance of Common Stock in connection with exercise of stock options, net of shares tendered - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Issuance of Common Stock in connection with exercise of stock options, net of shares tendered - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised unitRef="u000" decimals="-3" contextRef="c00022">1705000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
  <!--Issuance of Common Stock in connection with exercise of stock options, net of shares tendered - Total Stockholders' Equity + Issuance of Common Stock in connection with exercise of stock options, net of shares tendered - Total Stockholders' Equity-->
  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised unitRef="u000" decimals="-3" contextRef="c00035">11392000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
  <!--Issuance of Common Stock in connection with exercise of stock options, net of shares tendered - Total Stockholders' Equity + Issuance of Common Stock in connection with exercise of stock options, net of shares tendered - Total Stockholders' Equity-->
  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised unitRef="u000" decimals="-3" contextRef="c00020">1705000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
  <!--Total stockholders' equity + Balance, December 31, 2008 - Total Stockholders' Equity + Balance, June 30, 2009 - Total Stockholders' Equity-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00028">371216000</us-gaap:StockholdersEquity>
  <!--Total stockholders' equity + Balance, December 31, 2008 - Total Stockholders' Equity + Balance, June 30, 2009 - Total Stockholders' Equity-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00014">396762000</us-gaap:StockholdersEquity>
  <!--Total stockholders' equity + Balance, December 31, 2008 - Total Stockholders' Equity + Balance, June 30, 2009 - Total Stockholders' Equity-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00008">421514000</us-gaap:StockholdersEquity>
  <!--Total stockholders' equity + Balance, December 31, 2008 - Total Stockholders' Equity + Balance, June 30, 2009 - Total Stockholders' Equity-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00000">410506000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Class A Stock Amount- Class A [Member] + Balance, June 30, 2010 - Class A Stock Amount- Class A [Member] + Balance, December 31, 2008 - Class A Stock Amount- Class A [Member] + Balance, June 30, 2009 - Class A Stock Amount- Class A [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00015">2000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Class A Stock Amount- Class A [Member] + Balance, June 30, 2010 - Class A Stock Amount- Class A [Member] + Balance, December 31, 2008 - Class A Stock Amount- Class A [Member] + Balance, June 30, 2009 - Class A Stock Amount- Class A [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00029">2000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Class A Stock Amount- Class A [Member] + Balance, June 30, 2010 - Class A Stock Amount- Class A [Member] + Balance, December 31, 2008 - Class A Stock Amount- Class A [Member] + Balance, June 30, 2009 - Class A Stock Amount- Class A [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00009">2000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Class A Stock Amount- Class A [Member] + Balance, June 30, 2010 - Class A Stock Amount- Class A [Member] + Balance, December 31, 2008 - Class A Stock Amount- Class A [Member] + Balance, June 30, 2009 - Class A Stock Amount- Class A [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00001">2000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Common Stock Amount- Common Stock [Member] + Balance, June 30, 2010 - Common Stock Amount- Common Stock [Member] + Balance, December 31, 2008 - Common Stock Amount- Common Stock [Member] + Balance, June 30, 2009 - Common Stock Amount- Common Stock [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00016">79000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Common Stock Amount- Common Stock [Member] + Balance, June 30, 2010 - Common Stock Amount- Common Stock [Member] + Balance, December 31, 2008 - Common Stock Amount- Common Stock [Member] + Balance, June 30, 2009 - Common Stock Amount- Common Stock [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00030">80000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Common Stock Amount- Common Stock [Member] + Balance, June 30, 2010 - Common Stock Amount- Common Stock [Member] + Balance, December 31, 2008 - Common Stock Amount- Common Stock [Member] + Balance, June 30, 2009 - Common Stock Amount- Common Stock [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00010">78000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Common Stock Amount- Common Stock [Member] + Balance, June 30, 2010 - Common Stock Amount- Common Stock [Member] + Balance, December 31, 2008 - Common Stock Amount- Common Stock [Member] + Balance, June 30, 2009 - Common Stock Amount- Common Stock [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00002">78000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, June 30, 2010 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, December 31, 2008 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, June 30, 2009 - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00017">1336732000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, June 30, 2010 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, December 31, 2008 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, June 30, 2009 - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00031">1368531000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, June 30, 2010 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, December 31, 2008 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, June 30, 2009 - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00011">1294813000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, June 30, 2010 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, December 31, 2008 - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Balance, June 30, 2009 - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00003">1313003000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, June 30, 2010 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, December 31, 2008 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, June 30, 2009 - Accumulated Deficit- Accumulated Deficit [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00018">-941095000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, June 30, 2010 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, December 31, 2008 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, June 30, 2009 - Accumulated Deficit- Accumulated Deficit [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00032">-997091000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, June 30, 2010 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, December 31, 2008 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, June 30, 2009 - Accumulated Deficit- Accumulated Deficit [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00012">-873265000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, June 30, 2010 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, December 31, 2008 - Accumulated Deficit- Accumulated Deficit [Member] + Balance, June 30, 2009 - Accumulated Deficit- Accumulated Deficit [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00004">-903591000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, June 30, 2010 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, December 31, 2008 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, June 30, 2009 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00019">1044000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, June 30, 2010 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, December 31, 2008 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, June 30, 2009 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00033">-306000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, June 30, 2010 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, December 31, 2008 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, June 30, 2009 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00013">-114000</us-gaap:StockholdersEquity>
  <!--Balance, December 31, 2009 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, June 30, 2010 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, December 31, 2008 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member] + Balance, June 30, 2009 - Accumulated Other Comprehensive Income (Loss)- Accumulated Other Comprehensive Income (Loss) [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00005">1014000</us-gaap:StockholdersEquity>
  <!--Balance, June 30, 2010 - Comprehensive Loss- Comprehensive Loss [Member] + Balance, June 30, 2009 - Comprehensive Loss- Comprehensive Loss [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00034">-57346000</us-gaap:StockholdersEquity>
  <!--Balance, June 30, 2010 - Comprehensive Loss- Comprehensive Loss [Member] + Balance, June 30, 2009 - Comprehensive Loss- Comprehensive Loss [Member]-->
  <us-gaap:StockholdersEquity unitRef="u000" decimals="-3" contextRef="c00006">-29198000</us-gaap:StockholdersEquity>
  <!--Total liabilities-->
  <us-gaap:Liabilities unitRef="u000" decimals="-3" contextRef="c00028">419425000</us-gaap:Liabilities>
  <!--Total liabilities-->
  <us-gaap:Liabilities unitRef="u000" decimals="-3" contextRef="c00014">344440000</us-gaap:Liabilities>
  <!--Deferred revenue - other, current portion-->
  <us-gaap:DeferredRevenueCurrent unitRef="u000" decimals="-3" contextRef="c00028">41741000</us-gaap:DeferredRevenueCurrent>
  <!--Deferred revenue - other, current portion-->
  <us-gaap:DeferredRevenueCurrent unitRef="u000" decimals="-3" contextRef="c00014">27021000</us-gaap:DeferredRevenueCurrent>
  <!--Loss from operations-->
  <us-gaap:OperatingIncomeLoss unitRef="u000" decimals="-3" contextRef="c00042">-23724000</us-gaap:OperatingIncomeLoss>
  <!--Loss from operations-->
  <us-gaap:OperatingIncomeLoss unitRef="u000" decimals="-3" contextRef="c00035">-52601000</us-gaap:OperatingIncomeLoss>
  <!--Loss from operations-->
  <us-gaap:OperatingIncomeLoss unitRef="u000" decimals="-3" contextRef="c00020">-33404000</us-gaap:OperatingIncomeLoss>
  <!--Loss from operations-->
  <us-gaap:OperatingIncomeLoss unitRef="u000" decimals="-3" contextRef="c00027">-16266000</us-gaap:OperatingIncomeLoss>
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siness.&amp;#160;&amp;#160;The Company does not expect any such current legal proceedings to have a material adverse effect on the Company&amp;#8217;s business or financial condition.&lt;/font&gt;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <!--Class A Stock, shares outstanding- Class A [Member]-->
  <us-gaap:CommonStockSharesOutstanding unitRef="u001" decimals="0" contextRef="c00029">2182036</us-gaap:CommonStockSharesOutstanding>
  <!--Class A Stock, shares outstanding- Class A [Member]-->
  <us-gaap:CommonStockSharesOutstanding unitRef="u001" decimals="0" contextRef="c00015">2244698</us-gaap:CommonStockSharesOutstanding>
  <!--Common Stock, shares outstanding-->
  <us-gaap:CommonStockSharesOutstanding unitRef="u001" decimals="0" contextRef="c00028">79923216</us-gaap:CommonStockSharesOutstanding>
  <!--Common Stock, shares outstanding-->
  <us-gaap:CommonStockSharesOutstanding unitRef="u001" decimals="0" contextRef="c00014">78860862</us-gaap:CommonStockSharesOutstanding>
  <!--Accounts payable and accrued expenses-->
  <us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent unitRef="u000" decimals="-3" contextRef="c00028">58256000</us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent>
  <!--Accounts payable and accrued expenses-->
  <us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent unitRef="u000" decimals="-3" contextRef="c00014">49031000</us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent>
  <!--Research and development-->
  <us-gaap:ResearchAndDevelopmentExpense unitRef="u000" decimals="-3" contextRef="c00042">124526000</us-gaap:ResearchAndDevelopmentExpense>
  <!--Research and development-->
  <us-gaap:ResearchAndDevelopmentExpense unitRef="u000" decimals="-3" contextRef="c00035">241997000</us-gaap:ResearchAndDevelopmentExpense>
  <!--Research and development-->
  <us-gaap:ResearchAndDevelopmentExpense unitRef="u000" decimals="-3" contextRef="c00020">174538000</us-gaap:ResearchAndDevelopmentExpense>
  <!--Research and development-->
  <us-gaap:ResearchAndDevelopmentExpense unitRef="u000" decimals="-3" contextRef="c00027">94231000</us-gaap:ResearchAndDevelopmentExpense>
  <!--Other collaboration revenue-->
  <regn:OtherCollaborationRevenue unitRef="u000" decimals="-3" contextRef="c00042">13635000</regn:OtherCollaborationRevenue>
  <!--Other collaboration revenue-->
  <regn:OtherCollaborationRevenue unitRef="u000" decimals="-3" contextRef="c00035">26722000</regn:OtherCollaborationRevenue>
  <!--Other collaboration revenue-->
  <regn:OtherCollaborationRevenue unitRef="u000" decimals="-3" contextRef="c00020">22794000</regn:OtherCollaborationRevenue>
  <!--Other collaboration revenue-->
  <regn:OtherCollaborationRevenue unitRef="u000" decimals="-3" contextRef="c00027">12846000</regn:OtherCollaborationRevenue>
  <!--Net cash used in operating activities-->
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  <!--Net cash used in operating activities-->
  <us-gaap:NetCashProvidedByUsedInOperatingActivities unitRef="u000" decimals="-3" contextRef="c00035">-22626000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
  <!--Other long term liabilities-->
  <us-gaap:OtherLiabilitiesNoncurrent unitRef="u000" decimals="-3" contextRef="c00028">4318000</us-gaap:OtherLiabilitiesNoncurrent>
  <!--Other long term liabilities-->
  <us-gaap:OtherLiabilitiesNoncurrent unitRef="u000" decimals="-3" contextRef="c00014">3959000</us-gaap:OtherLiabilitiesNoncurrent>
  <!--Future Impact of Recently Issued Accounting Standards-->
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 the FASB amended its authoritative guidance on the milestone method of revenue recognition.&amp;#160;&amp;#160;The milestone method of revenue recognition has now been codified as an acceptable revenue recognition model when a milestone is deemed to be substantive.&amp;#160;&amp;#160;This guidance may be applied retrospectively to all arrangements or prospectively for milestones achieved after the adoption of the guidance.&amp;#160;&amp;#160;The Company will be required to adopt this amended guidance for the fiscal year beginning January 1, 2011, although earlier adoption is permitted.&amp;#160;&amp;#160;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman"&gt;Management does not anticipate that the adoption of &lt;/font&gt;this guidance &lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman"&gt;will have a material impact on the Company&amp;#8217;s financial statements.&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;</us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBl
ock>
  <!--Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Total Stockholders' Equity + Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Total Stockholders' Equity-->
  <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation unitRef="u000" decimals="-3" contextRef="c00035">2867000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
  <!--Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Total Stockholders' Equity + Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Total Stockholders' Equity-->
  <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation unitRef="u000" decimals="-3" contextRef="c00020">1391000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
  <!--Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation unitRef="u000" decimals="-3" contextRef="c00022">1391000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
  <!--Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation unitRef="u000" decimals="-3" contextRef="c00037">2867000</us-gaap:StockIssuedDuringPeriodValueShareBasedCompensation>
  <!--Total current assets-->
  <us-gaap:AssetsCurrent unitRef="u000" decimals="-3" contextRef="c00028">417750000</us-gaap:AssetsCurrent>
  <!--Total current assets-->
  <us-gaap:AssetsCurrent unitRef="u000" decimals="-3" contextRef="c00014">425508000</us-gaap:AssetsCurrent>
  <!--Accounts receivable - other-->
  <us-gaap:AccountsReceivableNetCurrent unitRef="u000" decimals="-3" contextRef="c00028">4070000</us-gaap:AccountsReceivableNetCurrent>
  <!--Accounts receivable - other-->
  <us-gaap:AccountsReceivableNetCurrent unitRef="u000" decimals="-3" contextRef="c00014">2865000</us-gaap:AccountsReceivableNetCurrent>
  <!--Sanofi-aventis collaboration revenue-->
  <regn:SanofiAventisCollaborationRevenue unitRef="u000" decimals="-3" contextRef="c00042">84941000</regn:SanofiAventisCollaborationRevenue>
  <!--Sanofi-aventis collaboration revenue-->
  <regn:SanofiAventisCollaborationRevenue unitRef="u000" decimals="-3" contextRef="c00035">153612000</regn:SanofiAventisCollaborationRevenue>
  <!--Sanofi-aventis collaboration revenue-->
  <regn:SanofiAventisCollaborationRevenue unitRef="u000" decimals="-3" contextRef="c00020">110392000</regn:SanofiAventisCollaborationRevenue>
  <!--Sanofi-aventis collaboration revenue-->
  <regn:SanofiAventisCollaborationRevenue unitRef="u000" decimals="-3" contextRef="c00027">60732000</regn:SanofiAventisCollaborationRevenue>
  <!--Subsequent Events-Extension of Technology Licensing Agreement with Astellas-->
  <us-gaap:ScheduleOfSubsequentEventsTextBlock contextRef="c00035">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr valign="top"&gt;&lt;td style="WIDTH: 36pt" align="right"&gt;&lt;div&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;10.&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td&gt;&lt;div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Subsequent Event- Extension of Technology Licensing Agreement with Astellas&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;In March 2007, the Company entered
 into a six-year non-exclusive license agreement with Astellas Pharma Inc. that allows Astellas to utilize the Company&amp;#8217;s &lt;font style="DISPLAY: inline; FONT-STYLE: italic"&gt;VelocImmune&lt;/font&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt;&lt;font style="DISPLAY: inline; FONT-STYLE: italic"&gt;&amp;#160;&lt;/font&gt;technology in its internal research programs to discover human monoclonal antibodies.&amp;#160;&amp;#160;Under the terms of the agreement, Astellas made a $20.0 million annual, non-refundable payment to the Company in each of 2010, 2009, 2008, and 2007.&amp;#160;&amp;#160;In July 2010, the license agreement with Astellas was amended and extended through June 2023.&amp;#160;&amp;#160;Under the terms of the amended agreement, Astellas will make a $165.0 million up-front payment to the Company.&amp;#160;&amp;#160;In addition, Astellas will make a $130.0 million payment to the Company in June 2018 unless the license agreement ha
s been terminated prior to that date.&amp;#160;&amp;#160;Astellas has the right to terminate this license agreement at any time by providing 90 days&amp;#8217; advance written notice.&amp;#160;&amp;#160;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman"&gt;Under certain limited circumstances, such as a material breach of the agreement by the Company, Astellas may terminate the agreement and receive a refund of a portion of its payment to the Company under the July 2010 amendment to the agreement.&lt;/font&gt;&amp;#160;&amp;#160;The Company is entitled to receive a mid-single-digit royalty on any future sales of antibody products discovered by Astellas using the Company&amp;#8217;s &lt;font style="DISPLAY: inline; FONT-STYLE: italic"&gt;VelocImmune&lt;/font&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; technology.&lt;/font&gt;&lt;/div&gt;</us-gaap:ScheduleOfSubsequentEventsTextBlock>
  <!--Comprehensive Loss-->
  <us-gaap:ComprehensiveIncomeNoteTextBlock contextRef="c00035">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr valign="top"&gt;&lt;td style="WIDTH: 36pt" align="right"&gt;&lt;div&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;7.&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td&gt;&lt;div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Comprehensive Loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Comprehensive loss of the Company includes net loss adjusted for the change in net unrealized g
ain (loss) on marketable securities, net of any tax effect.&amp;#160;&amp;#160;For the three and six months ended June 30, 2010 and 2009, the components of comprehensive loss are:&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT:
 bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Three months ended June 30,&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10p
t; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2009&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY:
 inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Net loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(25,474&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="D
ISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(14,938&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inl
ine; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Change in net unrealized gain (loss) on marketable securities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(1,023&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2,262&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 
0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;Total comprehensive loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(26,497&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FO
NT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(12,676&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"
&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Six months ended June 30,&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT
- -FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/
font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2009&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 
10pt; FONT-FAMILY: times new roman"&gt;Net loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(55,996&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font 
style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(30,326&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Change in net unrealized gain (loss) on marketable securities&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/f
ont&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(1,350&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SI
ZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;1,128&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&amp;#160;&amp;#160;Total comprehensive loss&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISP
LAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(57,346&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: le
ft" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;(29,198&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ComprehensiveIncomeNoteTextBlock>
  <!--Statement of Cash Flows-->
  <us-gaap:CashFlowSupplementalDisclosuresTextBlock contextRef="c00035">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr valign="top"&gt;&lt;td style="WIDTH: 36pt" align="right"&gt;&lt;div&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;4.&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td&gt;&lt;div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Statement of Cash Flows&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Supplemental disclosure of noncash investing and financing activities:&lt;/font&gt
;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Included in accounts payable and accrued expenses at June 30, 2010 and December 31, 2009 were $4.1 million and $9.8 million, respectively, of accrued capital expenditures.&amp;#160;&amp;#160;Included in accounts payable and accrued expenses at June 30, 2009 and December 31, 2008 were $12.1 million and $7.0 million, respectively, of accrued capital expenditures.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Included in accounts payable and accrued expenses at December 31, 2009 and 2008 were $2.6 mi
llion and $1.5 million, respectively, of accrued Company 401(k) Savings Plan contribution expense.&amp;#160;&amp;#160;In the first quarter of 2010 and 2009, the Company contributed 111,419 and 81,086 shares, respectively, of Common Stock to the 401(k) Savings Plan in satisfaction of these obligations.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Pursuant to the application of authoritative guidance issued by the Financial Accounting Standards Board (&amp;#8220;FASB&amp;#8221;) to the Company&amp;#8217;s lease of office and laboratory facilities in Tarrytown, New York, the Company recognized a facility lease obligation of $1.3 million for the six months ended June 30, 2009, in connection with capitalizing, on the Company&amp;#8217;s books, the landlord&amp;#8217;s costs
 of constructing new facilities that the Company has leased.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Included in facility lease obligations and property, plant, and equipment at June 30, 2010 was $1.7 million of&amp;#160;&amp;#160;capitalized and deferred interest for the six months ended June 30, 2010, as the related facilities being leased by the Company are currently under construction and lease payments on these facilities do not commence until January 2011.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Included in other 
assets at December 31, 2009 was $0.7 million due to the Company in connection with employee exercises of stock options.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Included in marketable securities at June 30, 2010 and December 31, 2009 were $1.3 million and $0.6 million, respectively, of accrued interest income.&amp;#160;&amp;#160;Included in marketable securities at June 30, 2009 and December 31, 2008 were $1.3 million and $1.7 million, respectively, of accrued interest income.&lt;/font&gt;&lt;/div&gt;</us-gaap:CashFlowSupplementalDisclosuresTextBlock>
  <!--Per Share Data-->
  <us-gaap:EarningsPerShareTextBlock contextRef="c00035">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr valign="top"&gt;&lt;td style="WIDTH: 36pt" align="right"&gt;&lt;div&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;3.&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td&gt;&lt;div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Per Share Data&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;The Company&amp;#8217;s basic and diluted net loss per share amounts have been computed by dividing net lo
ss by the weighted average number of shares of Common Stock and Class A Stock outstanding.&amp;#160;&amp;#160;Net loss per share is presented on a combined basis, inclusive of Common Stock and Class A Stock outstanding, as each class of stock has equivalent economic rights.&amp;#160;&amp;#160;For the three and six months ended June 30, 2010 and 2009, the Company reported net losses; therefore, no common stock equivalents were included in the computation of diluted net loss per share for these periods, since such inclusion would have been antidilutive.&amp;#160;&amp;#160;The calculations of basic and diluted net loss per share are as follows:&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-
BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Three Months Ended&amp;#160;June 30,&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px"
 valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;
div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2009&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Net loss (Numerator)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: l
eft" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(25,474&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(14,938&lt;/font&gt;&lt;/td&gt;&l
t;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" width="76%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times ne
w roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Weighted-av
erage shares, in thousands (Denominator)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;81,492&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt
;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;79,626&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" width="76%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN
: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&g
t;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Basic and diluted net loss per share&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(0.31&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: time
s new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(0.19&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT
- -SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Six Months Ended&amp;#160;June 30,&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; F
ONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;
/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2009&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Net loss (Numerator)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE:
 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(55,996&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style=
"DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(30,326&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" width="76%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" 
nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 0pt" align="le
ft"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Weighted-average shares, in thousands (Denominator)&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;81,330&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roma
n"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;79,562&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" width="76%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SI
ZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="no
wrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Basic and diluted net loss per share&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(0.69&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bott
om" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;(0.38&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; M
ARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Shares issuable upon the exercise of stock options and vesting of restricted stock awards, which have been excluded from the June 30, 2010 and 2009 diluted per share amounts because their effect would have been antidilutive, include the following:&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"&gt;&lt;div style="DISPLAY: block; MARGIN
- -LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Three months ended June 30,&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDE
NT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2009&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Stock Options:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom"
&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&amp;#160;Weighted average number, in thousands&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="botto
m" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;21,288&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;20,106&lt;/font&gt;&lt;/t
d&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&amp;#160;Weighted average exercise price&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman
"&gt;18.67&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;17.56&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" width="76%"&gt;&lt;font style="DISPLAY: in
line; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font
 style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Restricted Stock:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font styl
e="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left"
 valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&amp;#160;Weighted average number, in thousands&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;510&lt;/font&gt;
&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;500&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&
lt;/div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="6"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;Six months ended June 30,&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times ne
w roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&g
t;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;2009&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new 
roman"&gt;Stock Options:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" colspan="2"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt
;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&amp;#160;Weighted average number, in thousands&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;21,344&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times ne
w roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;20,161&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&a
mp;#160;&amp;#160;Weighted average exercise price&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;18.63&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;17.56&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" width="76%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" va
lign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160
;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Restricted Stock:&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;
/font&gt;&lt;/td&gt;&lt;td valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&amp;#160;Weighted average n
umber, in thousands&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;506&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY
: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;500&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
  <!--Net realized loss on marketable securities-->
  <us-gaap:GainLossOnInvestments unitRef="u000" decimals="-3" contextRef="c00035">-200000</us-gaap:GainLossOnInvestments>
  <!--Net realized loss on marketable securities-->
  <us-gaap:GainLossOnInvestments unitRef="u000" decimals="-3" contextRef="c00020">0</us-gaap:GainLossOnInvestments>
  <!--Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Common Stock Shares- Common Stock [Member] + Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Common Stock Shares- Common Stock [Member]-->
  <us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensation unitRef="u001" decimals="-3" contextRef="c00021">81000</us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensation>
  <!--Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Common Stock Shares- Common Stock [Member] + Issuance of Common Stock in connection with Company 401(k) Savings Plan contribution - Common Stock Shares- Common Stock [Member]-->
  <us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensation unitRef="u001" decimals="-3" contextRef="c00036">111000</us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensation>
  <!--Increase in accounts receivable-->
  <us-gaap:IncreaseDecreaseInAccountsReceivable unitRef="u000" decimals="-3" contextRef="c00020">24834000</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <!--Increase in accounts receivable-->
  <us-gaap:IncreaseDecreaseInAccountsReceivable unitRef="u000" decimals="-3" contextRef="c00035">29628000</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <!--Non-cash compensation expense-->
  <us-gaap:AllocatedShareBasedCompensationExpense unitRef="u000" decimals="-3" contextRef="c00020">15094000</us-gaap:AllocatedShareBasedCompensationExpense>
  <!--Non-cash compensation expense-->
  <us-gaap:AllocatedShareBasedCompensationExpense unitRef="u000" decimals="-3" contextRef="c00035">17541000</us-gaap:AllocatedShareBasedCompensationExpense>
  <!--Stock-based compensation expense - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Stock-based compensation expense - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:AllocatedShareBasedCompensationExpense unitRef="u000" decimals="-3" contextRef="c00037">17541000</us-gaap:AllocatedShareBasedCompensationExpense>
  <!--Stock-based compensation expense - Additional Paid-in Capital- Additional Paid-in Capital [Member] + Stock-based compensation expense - Additional Paid-in Capital- Additional Paid-in Capital [Member]-->
  <us-gaap:AllocatedShareBasedCompensationExpense unitRef="u000" decimals="-3" contextRef="c00022">15094000</us-gaap:AllocatedShareBasedCompensationExpense>
  <!--Preferred stock, $.01 par value; 30,000,000 shares authorized; issued and outstanding - none-->
  <us-gaap:PreferredStockValue unitRef="u000" decimals="-3" contextRef="c00028">0</us-gaap:PreferredStockValue>
  <!--Preferred stock, $.01 par value; 30,000,000 shares authorized; issued and outstanding - none-->
  <us-gaap:PreferredStockValue unitRef="u000" decimals="-3" contextRef="c00014">0</us-gaap:PreferredStockValue>
  <!--Marketable securities-->
  <us-gaap:MarketableSecuritiesCurrent unitRef="u000" decimals="-3" contextRef="c00028">194337000</us-gaap:MarketableSecuritiesCurrent>
  <!--Marketable securities-->
  <us-gaap:MarketableSecuritiesCurrent unitRef="u000" decimals="-3" contextRef="c00014">134255000</us-gaap:MarketableSecuritiesCurrent>
  <!--Total other income (expense)-->
  <us-gaap:NonoperatingIncomeExpense unitRef="u000" decimals="-3" contextRef="c00042">-1750000</us-gaap:NonoperatingIncomeExpense>
  <!--Total other income (expense)-->
  <us-gaap:NonoperatingIncomeExpense unitRef="u000" decimals="-3" contextRef="c00035">-3395000</us-gaap:NonoperatingIncomeExpense>
  <!--Total other income (expense)-->
  <us-gaap:NonoperatingIncomeExpense unitRef="u000" decimals="-3" contextRef="c00020">3078000</us-gaap:NonoperatingIncomeExpense>
  <!--Total other income (expense)-->
  <us-gaap:NonoperatingIncomeExpense unitRef="u000" decimals="-3" contextRef="c00027">1328000</us-gaap:NonoperatingIncomeExpense>
  <!--Document Period End Date-->
  <dei:DocumentPeriodEndDate contextRef="c00035">2010-06-30</dei:DocumentPeriodEndDate>
  <!--Conversion of Class A Stock to Common Stock - Class A Stock Shares- Class A [Member] + Conversion of Class A Stock to Common Stock - Class A Stock Shares- Class A [Member]-->
  <us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities unitRef="u001" decimals="-3" contextRef="c00038">-63000</us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities>
  <!--Conversion of Class A Stock to Common Stock - Class A Stock Shares- Class A [Member] + Conversion of Class A Stock to Common Stock - Class A Stock Shares- Class A [Member]-->
  <us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities unitRef="u001" decimals="-3" contextRef="c00023">-2000</us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities>
  <!--Conversion of Class A Stock to Common Stock - Common Stock Shares- Common Stock [Member] + Conversion of Class A Stock to Common Stock - Common Stock Shares- Common Stock [Member]-->
  <us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities unitRef="u001" decimals="-3" contextRef="c00036">63000</us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities>
  <!--Conversion of Class A Stock to Common Stock - Common Stock Shares- Common Stock [Member] + Conversion of Class A Stock to Common Stock - Common Stock Shares- Common Stock [Member]-->
  <us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities unitRef="u001" decimals="-3" contextRef="c00021">2000</us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities>
  <!--Net cash (used in) provided by investing activities-->
  <us-gaap:NetCashProvidedByUsedInInvestingActivities unitRef="u000" decimals="-3" contextRef="c00020">32787000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
  <!--Net cash (used in) provided by investing activities-->
  <us-gaap:NetCashProvidedByUsedInInvestingActivities unitRef="u000" decimals="-3" contextRef="c00035">-131383000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
  <!--(Increase) decrease in restricted cash-->
  <us-gaap:IncreaseDecreaseInRestrictedCash unitRef="u000" decimals="-3" contextRef="c00020">-50000</us-gaap:IncreaseDecreaseInRestrictedCash>
  <!--(Increase) decrease in restricted cash-->
  <us-gaap:IncreaseDecreaseInRestrictedCash unitRef="u000" decimals="-3" contextRef="c00035">1800000</us-gaap:IncreaseDecreaseInRestrictedCash>
  <!--Additional paid-in capital-->
  <us-gaap:AdditionalPaidInCapital unitRef="u000" decimals="-3" contextRef="c00028">1368531000</us-gaap:AdditionalPaidInCapital>
  <!--Additional paid-in capital-->
  <us-gaap:AdditionalPaidInCapital unitRef="u000" decimals="-3" contextRef="c00014">1336732000</us-gaap:AdditionalPaidInCapital>
  <!--Common Stock A- Class A [Member]-->
  <us-gaap:CommonStockValue unitRef="u000" decimals="-3" contextRef="c00029">2000</us-gaap:CommonStockValue>
  <!--Common Stock A- Class A [Member]-->
  <us-gaap:CommonStockValue unitRef="u000" decimals="-3" contextRef="c00015">2000</us-gaap:CommonStockValue>
  <!--Common Stock-->
  <us-gaap:CommonStockValue unitRef="u000" decimals="-3" contextRef="c00028">80000</us-gaap:CommonStockValue>
  <!--Common Stock-->
  <us-gaap:CommonStockValue unitRef="u000" decimals="-3" contextRef="c00014">79000</us-gaap:CommonStockValue>
  <!--Selling, general, and administrative-->
  <us-gaap:SellingGeneralAndAdministrativeExpense unitRef="u000" decimals="-3" contextRef="c00042">14679000</us-gaap:SellingGeneralAndAdministrativeExpense>
  <!--Selling, general, and administrative-->
  <us-gaap:SellingGeneralAndAdministrativeExpense unitRef="u000" decimals="-3" contextRef="c00035">28902000</us-gaap:SellingGeneralAndAdministrativeExpense>
  <!--Selling, general, and administrative-->
  <us-gaap:SellingGeneralAndAdministrativeExpense unitRef="u000" decimals="-3" contextRef="c00020">23052000</us-gaap:SellingGeneralAndAdministrativeExpense>
  <!--Selling, general, and administrative-->
  <us-gaap:SellingGeneralAndAdministrativeExpense unitRef="u000" decimals="-3" contextRef="c00027">11632000</us-gaap:SellingGeneralAndAdministrativeExpense>
  <!--Total revenues-->
  <us-gaap:Revenues unitRef="u000" decimals="-3" contextRef="c00042">115886000</us-gaap:Revenues>
  <!--Total revenues-->
  <us-gaap:Revenues unitRef="u000" decimals="-3" contextRef="c00035">219420000</us-gaap:Revenues>
  <!--Total revenues-->
  <us-gaap:Revenues unitRef="u000" decimals="-3" contextRef="c00020">165013000</us-gaap:Revenues>
  <!--Total revenues-->
  <us-gaap:Revenues unitRef="u000" decimals="-3" contextRef="c00027">90032000</us-gaap:Revenues>
  <!--Contract research and other-->
  <us-gaap:ContractsRevenue unitRef="u000" decimals="-3" contextRef="c00042">2076000</us-gaap:ContractsRevenue>
  <!--Contract research and other-->
  <us-gaap:ContractsRevenue unitRef="u000" decimals="-3" contextRef="c00035">3962000</us-gaap:ContractsRevenue>
  <!--Contract research and other-->
  <us-gaap:ContractsRevenue unitRef="u000" decimals="-3" contextRef="c00020">3436000</us-gaap:ContractsRevenue>
  <!--Contract research and other-->
  <us-gaap:ContractsRevenue unitRef="u000" decimals="-3" contextRef="c00027">1954000</us-gaap:ContractsRevenue>
  <!--Issuance of restricted Common Stock under Long-Term Incentive Plan - Common Stock Shares- Common Stock [Member]-->
  <us-gaap:StockIssuedDuringPeriodSharesRestrictedStockAwardGross unitRef="u001" decimals="-3" contextRef="c00036">10000</us-gaap:StockIssuedDuringPeriodSharesRestrictedStockAwardGross>
  <!--Balance, December 31, 2009 - Class A Stock Shares- Class A [Member] + Balance, June 30, 2010 - Class A Stock Shares- Class A [Member] + Balance, December 31, 2008 - Class A Stock Shares- Class A [Member] + Balance, June 30, 2009 - Class A Stock Shares- Class A [Member]-->
  <us-gaap:SharesIssued unitRef="u001" decimals="-3" contextRef="c00015">2245000</us-gaap:SharesIssued>
  <!--Balance, December 31, 2009 - Class A Stock Shares- Class A [Member] + Balance, June 30, 2010 - Class A Stock Shares- Class A [Member] + Balance, December 31, 2008 - Class A Stock Shares- Class A [Member] + Balance, June 30, 2009 - Class A Stock Shares- Class A [Member]-->
  <us-gaap:SharesIssued unitRef="u001" decimals="-3" contextRef="c00029">2182000</us-gaap:SharesIssued>
  <!--Balance, December 31, 2009 - Class A Stock Shares- Class A [Member] + Balance, June 30, 2010 - Class A Stock Shares- Class A [Member] + Balance, December 31, 2008 - Class A Stock Shares- Class A [Member] + Balance, June 30, 2009 - Class A Stock Shares- Class A [Member]-->
  <us-gaap:SharesIssued unitRef="u001" decimals="-3" contextRef="c00009">2249000</us-gaap:SharesIssued>
  <!--Balance, December 31, 2009 - Class A Stock Shares- Class A [Member] + Balance, June 30, 2010 - Class A Stock Shares- Class A [Member] + Balance, December 31, 2008 - Class A Stock Shares- Class A [Member] + Balance, June 30, 2009 - Class A Stock Shares- Class A [Member]-->
  <us-gaap:SharesIssued unitRef="u001" decimals="-3" contextRef="c00001">2247000</us-gaap:SharesIssued>
  <!--Balance, December 31, 2009 - Common Stock Shares- Common Stock [Member] + Balance, June 30, 2010 - Common Stock Shares- Common Stock [Member] + Balance, December 31, 2008 - Common Stock Shares- Common Stock [Member] + Balance, June 30, 2009 - Common Stock Shares- Common Stock [Member]-->
  <us-gaap:SharesIssued unitRef="u001" decimals="-3" contextRef="c00016">78861000</us-gaap:SharesIssued>
  <!--Balance, December 31, 2009 - Common Stock Shares- Common Stock [Member] + Balance, June 30, 2010 - Common Stock Shares- Common Stock [Member] + Balance, December 31, 2008 - Common Stock Shares- Common Stock [Member] + Balance, June 30, 2009 - Common Stock Shares- Common Stock [Member]-->
  <us-gaap:SharesIssued unitRef="u001" decimals="-3" contextRef="c00030">79923000</us-gaap:SharesIssued>
  <!--Balance, December 31, 2009 - Common Stock Shares- Common Stock [Member] + Balance, June 30, 2010 - Common Stock Shares- Common Stock [Member] + Balance, December 31, 2008 - Common Stock Shares- Common Stock [Member] + Balance, June 30, 2009 - Common Stock Shares- Common Stock [Member]-->
  <us-gaap:SharesIssued unitRef="u001" decimals="-3" contextRef="c00010">77642000</us-gaap:SharesIssued>
  <!--Balance, December 31, 2009 - Common Stock Shares- Common Stock [Member] + Balance, June 30, 2010 - Common Stock Shares- Common Stock [Member] + Balance, December 31, 2008 - Common Stock Shares- Common Stock [Member] + Balance, June 30, 2009 - Common Stock Shares- Common Stock [Member]-->
  <us-gaap:SharesIssued unitRef="u001" decimals="-3" contextRef="c00002">77921000</us-gaap:SharesIssued>
  <!--Other assets-->
  <us-gaap:OtherAssetsNoncurrent unitRef="u000" decimals="-3" contextRef="c00028">6697000</us-gaap:OtherAssetsNoncurrent>
  <!--Other assets-->
  <us-gaap:OtherAssetsNoncurrent unitRef="u000" decimals="-3" contextRef="c00014">7338000</us-gaap:OtherAssetsNoncurrent>
  <!--Prepaid expenses and other current assets-->
  <regn:PrepaidExpensesAndOtherCurrentAssets unitRef="u000" decimals="-3" contextRef="c00028">16217000</regn:PrepaidExpensesAndOtherCurrentAssets>
  <!--Prepaid expenses and other current assets-->
  <regn:PrepaidExpensesAndOtherCurrentAssets unitRef="u000" decimals="-3" contextRef="c00014">18610000</regn:PrepaidExpensesAndOtherCurrentAssets>
  <!--Investment income-->
  <us-gaap:InvestmentIncomeNonoperating unitRef="u000" decimals="-3" contextRef="c00042">592000</us-gaap:InvestmentIncomeNonoperating>
  <!--Investment income-->
  <us-gaap:InvestmentIncomeNonoperating unitRef="u000" decimals="-3" contextRef="c00035">1031000</us-gaap:InvestmentIncomeNonoperating>
  <!--Investment income-->
  <us-gaap:InvestmentIncomeNonoperating unitRef="u000" decimals="-3" contextRef="c00020">3078000</us-gaap:InvestmentIncomeNonoperating>
  <!--Investment income-->
  <us-gaap:InvestmentIncomeNonoperating unitRef="u000" decimals="-3" contextRef="c00027">1328000</us-gaap:InvestmentIncomeNonoperating>
  <!--Net product sales-->
  <us-gaap:SalesRevenueGoodsNet unitRef="u000" decimals="-3" contextRef="c00042">5197000</us-gaap:SalesRevenueGoodsNet>
  <!--Net product sales-->
  <us-gaap:SalesRevenueGoodsNet unitRef="u000" decimals="-3" contextRef="c00035">15049000</us-gaap:SalesRevenueGoodsNet>
  <!--Net product sales-->
  <us-gaap:SalesRevenueGoodsNet unitRef="u000" decimals="-3" contextRef="c00020">8391000</us-gaap:SalesRevenueGoodsNet>
  <!--Net product sales-->
  <us-gaap:SalesRevenueGoodsNet unitRef="u000" decimals="-3" contextRef="c00027">4500000</us-gaap:SalesRevenueGoodsNet>
  <!--Document Fiscal Year Focus-->
  <dei:DocumentFiscalYearFocus contextRef="c00035">2010</dei:DocumentFiscalYearFocus>
  <!--Increase in accounts payable, accrued expenses, and other liabilities-->
  <us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities unitRef="u000" decimals="-3" contextRef="c00020">13045000</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
  <!--Increase in accounts payable, accrued expenses, and other liabilities-->
  <us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities unitRef="u000" decimals="-3" contextRef="c00035">18105000</us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities>
  <!--Class A Stock, shares authorized- Class A [Member]-->
  <us-gaap:CommonStockSharesAuthorized unitRef="u001" decimals="0" contextRef="c00029">40000000</us-gaap:CommonStockSharesAuthorized>
  <!--Class A Stock, shares authorized- Class A [Member]-->
  <us-gaap:CommonStockSharesAuthorized unitRef="u001" decimals="0" contextRef="c00015">40000000</us-gaap:CommonStockSharesAuthorized>
  <!--Common Stock, shares authorized-->
  <us-gaap:CommonStockSharesAuthorized unitRef="u001" decimals="0" contextRef="c00028">160000000</us-gaap:CommonStockSharesAuthorized>
  <!--Common Stock, shares authorized-->
  <us-gaap:CommonStockSharesAuthorized unitRef="u001" decimals="0" contextRef="c00014">160000000</us-gaap:CommonStockSharesAuthorized>
  <!--Class A Stock, par value- Class A [Member]-->
  <us-gaap:CommonStockParOrStatedValuePerShare unitRef="u000" decimals="3" contextRef="c00029">0.001</us-gaap:CommonStockParOrStatedValuePerShare>
  <!--Class A Stock, par value- Class A [Member]-->
  <us-gaap:CommonStockParOrStatedValuePerShare unitRef="u000" decimals="3" contextRef="c00015">0.001</us-gaap:CommonStockParOrStatedValuePerShare>
  <!--Common Stock, par value-->
  <us-gaap:CommonStockParOrStatedValuePerShare unitRef="u000" decimals="3" contextRef="c00028">0.001</us-gaap:CommonStockParOrStatedValuePerShare>
  <!--Common Stock, par value-->
  <us-gaap:CommonStockParOrStatedValuePerShare unitRef="u000" decimals="3" contextRef="c00014">0.001</us-gaap:CommonStockParOrStatedValuePerShare>
  <!--Accumulated deficit-->
  <us-gaap:RetainedEarningsAccumulatedDeficit unitRef="u000" decimals="-3" contextRef="c00028">-997091000</us-gaap:RetainedEarningsAccumulatedDeficit>
  <!--Accumulated deficit-->
  <us-gaap:RetainedEarningsAccumulatedDeficit unitRef="u000" decimals="-3" contextRef="c00014">-941095000</us-gaap:RetainedEarningsAccumulatedDeficit>
  <!--Interest expense-->
  <us-gaap:InterestExpense unitRef="u000" decimals="-3" contextRef="c00042">2342000</us-gaap:InterestExpense>
  <!--Interest expense-->
  <us-gaap:InterestExpense unitRef="u000" decimals="-3" contextRef="c00035">4426000</us-gaap:InterestExpense>
  <!--Interest expense-->
  <us-gaap:InterestExpense unitRef="u000" decimals="-3" contextRef="c00020">0</us-gaap:InterestExpense>
  <!--Interest expense-->
  <us-gaap:InterestExpense unitRef="u000" decimals="-3" contextRef="c00027">0</us-gaap:InterestExpense>
  <!--Proceeds in connection with facility lease obligations-->
  <regn:ProceedsFromFacilityLeaseObligation unitRef="u000" decimals="-3" contextRef="c00020">5182000</regn:ProceedsFromFacilityLeaseObligation>
  <!--Proceeds in connection with facility lease obligations-->
  <regn:ProceedsFromFacilityLeaseObligation unitRef="u000" decimals="-3" contextRef="c00035">47544000</regn:ProceedsFromFacilityLeaseObligation>
  <!--Other non-cash charges and expenses-->
  <regn:OtherNonCashExpense unitRef="u000" decimals="-3" contextRef="c00020">0</regn:OtherNonCashExpense>
  <!--Other non-cash charges and expenses-->
  <regn:OtherNonCashExpense unitRef="u000" decimals="-3" contextRef="c00035">225000</regn:OtherNonCashExpense>
  <!--Preferred stock, shares issued-->
  <us-gaap:PreferredStockSharesIssued unitRef="u001" decimals="0" contextRef="c00028">0</us-gaap:PreferredStockSharesIssued>
  <!--Preferred stock, shares issued-->
  <us-gaap:PreferredStockSharesIssued unitRef="u001" decimals="0" contextRef="c00014">0</us-gaap:PreferredStockSharesIssued>
  <!--Net loss-->
  <us-gaap:NetIncomeLoss unitRef="u000" decimals="-3" contextRef="c00042">-25474000</us-gaap:NetIncomeLoss>
  <!--Net loss-->
  <us-gaap:NetIncomeLoss unitRef="u000" decimals="-3" contextRef="c00035">-55996000</us-gaap:NetIncomeLoss>
  <!--Net loss-->
  <us-gaap:NetIncomeLoss unitRef="u000" decimals="-3" contextRef="c00020">-30326000</us-gaap:NetIncomeLoss>
  <!--Net loss-->
  <us-gaap:NetIncomeLoss unitRef="u000" decimals="-3" contextRef="c00027">-14938000</us-gaap:NetIncomeLoss>
  <!--Net loss - Accumulated Deficit- Accumulated Deficit [Member] + Net loss - Accumulated Deficit- Accumulated Deficit [Member]-->
  <us-gaap:NetIncomeLoss unitRef="u000" decimals="-3" contextRef="c00039">-55996000</us-gaap:NetIncomeLoss>
  <!--Net loss - Accumulated Deficit- Accumulated Deficit [Member] + Net loss - Accumulated Deficit- Accumulated Deficit [Member]-->
  <us-gaap:NetIncomeLoss unitRef="u000" decimals="-3" contextRef="c00024">-30326000</us-gaap:NetIncomeLoss>
  <!--Net loss - Comprehensive Loss- Comprehensive Loss [Member] + Net loss - Comprehensive Loss- Comprehensive Loss [Member]-->
  <us-gaap:NetIncomeLoss unitRef="u000" decimals="-3" contextRef="c00040">-55996000</us-gaap:NetIncomeLoss>
  <!--Net loss - Comprehensive Loss- Comprehensive Loss [Member] + Net loss - Comprehensive Loss- Comprehensive Loss [Member]-->
  <us-gaap:NetIncomeLoss unitRef="u000" decimals="-3" contextRef="c00025">-30326000</us-gaap:NetIncomeLoss>
  <!--ARCALYST (rilonacept) Product Revenue-->
  <us-gaap:RevenueRecognitionPolicyTextBlock contextRef="c00035">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr valign="top"&gt;&lt;td style="WIDTH: 36pt" align="right"&gt;&lt;div&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;2.&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td&gt;&lt;div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; (rilonacept) Product Revenue&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FA
MILY: Times New Roman"&gt;In February 2008, the Company received marketing approval from the U.S. Food and Drug Administration (&amp;#8220;FDA&amp;#8221;) for ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; Injection for Subcutaneous Use for the treatment of Cryopyrin-Associated Periodic Syndromes (&amp;#8220;CAPS&amp;#8221;).&amp;#160;&amp;#160;The Company had limited historical return experience for ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; beginning with initial sales in 2008 through the end of 2009; therefore, ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; net product sales were deferred until the right of return no longer existed and rebates could be reasonably estimated.&amp;#160;&amp;#160;Effective in the first quarter of 2010, the Company determined that it had accumulated sufficient historical data to reasonab
ly estimate both product returns and rebates of ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt;.&amp;#160;&amp;#160;As a result, $4.8 million of previously deferred ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; net product sales were recognized as revenue in the first quarter of 2010.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; net product sales totaled $5.2 million and $4.5 million for the three months ended June 30, 2010 and 2009, respectively, and $15.0 million and $8.4 million for the six months ended June 30, 2010 and 2009, respect
ively.&amp;#160;&amp;#160;ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174; &lt;/font&gt;net product sales during the first six months of 2010 included $10.2 million of net product sales made during this period and $4.8 million of previously deferred net product sales, as described above.&amp;#160;&amp;#160;There was no deferred ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; net product sales revenue at June 30, 2010.&amp;#160;&amp;#160;&amp;#160;At June 30, 2009, deferred ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; net product sales revenue was $4.9 million.&amp;#160;&amp;#160;The effect of this change in estimate related to ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; net product sales revenue was to lower the Company&amp;#8217;s net loss per share by $0.06 for the six 
months ended June 30, 2010.&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Cost of goods sold related to ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; sales, which consisted primarily of royalties, totaled $0.4 million for both the three months ended June 30, 2010 and 2009, and $1.1 million and $0.8 million for the six months ended June 30, 2010 and 2009, respectively.&amp;#160;&amp;#160;To date, ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt; shipments to the Company&amp;#8217;s customers have consisted of supplies of inventory manufactured and expensed prior to FDA approval of ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALI
GN: text-top"&gt;&amp;#174;&lt;/font&gt;; therefore, the costs of these supplies were not included in costs of goods sold.&amp;#160;&amp;#160;At both June 30, 2010 and December 31, 2009, the Company had $0.4 million of inventoried work-in-process costs related to ARCALYST&lt;font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"&gt;&amp;#174;&lt;/font&gt;, which is included in prepaid expenses and other current assets.&lt;/font&gt;&lt;/div&gt;</us-gaap:RevenueRecognitionPolicyTextBlock>
  <!--Commitments and contingencies-->
  <us-gaap:CommitmentsAndContingencies2009 contextRef="c00035"/>
  <!--Commitments and contingencies-->
  <us-gaap:CommitmentsAndContingencies2009 contextRef="c00007"/>
  <!--Total assets-->
  <us-gaap:Assets unitRef="u000" decimals="-3" contextRef="c00028">790641000</us-gaap:Assets>
  <!--Total assets-->
  <us-gaap:Assets unitRef="u000" decimals="-3" contextRef="c00014">741202000</us-gaap:Assets>
  <!--Net loss per share, basic and diluted-->
  <regn:NetLossPerShareBasicAndDiluted unitRef="u000" decimals="0" contextRef="c00042">-0.31</regn:NetLossPerShareBasicAndDiluted>
  <!--Net loss per share, basic and diluted-->
  <regn:NetLossPerShareBasicAndDiluted unitRef="u000" decimals="0" contextRef="c00035">-0.69</regn:NetLossPerShareBasicAndDiluted>
  <!--Net loss per share, basic and diluted-->
  <regn:NetLossPerShareBasicAndDiluted unitRef="u000" decimals="0" contextRef="c00020">-0.38</regn:NetLossPerShareBasicAndDiluted>
  <!--Net loss per share, basic and diluted-->
  <regn:NetLossPerShareBasicAndDiluted unitRef="u000" decimals="0" contextRef="c00027">-0.19</regn:NetLossPerShareBasicAndDiluted>
  <!--Accounts Payable and Accrued Expenses-->
  <us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock contextRef="c00035">&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr valign="top"&gt;&lt;td style="WIDTH: 36pt" align="right"&gt;&lt;div&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;6.&amp;#160;&amp;#160;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td&gt;&lt;div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Accounts Payable and Accrued Expenses&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"&gt;Accounts payable and accrued expenses as of June 30, 
2010 and December 31, 2009 consist of the following:&lt;/font&gt;&lt;/div&gt;&lt;div style="DISPLAY: block; TEXT-INDENT: 0pt"&gt;&lt;br /&gt;&lt;/div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" width="100%"&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;June 30,&amp;#160;&lt;font style="DISPLAY: inline"&gt;2010&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT
- -ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;December 31, &lt;font style="DISPLAY: inline"&gt;2009&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bot
tom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Accounts payable&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;15,525&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="
1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;18,638&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Accrued payroll and related costs&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="ri
ght" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;19,469&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&
lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;9,444&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Accrued clinical trial expense&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#1
60;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;16,141&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;11,673&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY:
 inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Accrued property, plant, and equipment expenditures&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;2,041&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" 
width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;1,883&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign="bottom" align="left" width="76%"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&
lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Accrued expenses, other&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;5,080&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&
gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;6,207&lt;/font&gt;&lt;/td&gt;&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;Payable to Bayer HealthCare&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: time
s new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="right" colspan="2"&gt;&lt;div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 21.6pt" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;______&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign=
"bottom"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;1,186&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="76%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160; &lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px do
uble; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font style="DISPLAY: inline"&gt;58,256&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" align="right" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&lt;font sty
le="DISPLAY: inline"&gt;49,031&lt;/font&gt;&lt;/font&gt;&lt;/td&gt;&lt;td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" nowrap="nowrap" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock>
  <!--Capital expenditures-->
  <us-gaap:PaymentsToAcquireProductiveAssets unitRef="u000" decimals="-3" contextRef="c00020">52671000</us-gaap:PaymentsToAcquireProductiveAssets>
  <!--Capital expenditures-->
  <us-gaap:PaymentsToAcquireProductiveAssets unitRef="u000" decimals="-3" contextRef="c00035">45324000</us-gaap:PaymentsToAcquireProductiveAssets>
  <!--Total adjustments-->
  <us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities unitRef="u000" decimals="-3" contextRef="c00020">14322000</us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities>
  <!--Total adjustments-->
  <us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities unitRef="u000" decimals="-3" contextRef="c00035">33370000</us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities>
  <!--Increase in deferred revenue-->
  <us-gaap:IncreaseDecreaseInDeferredRevenue unitRef="u000" decimals="-3" contextRef="c00020">5873000</us-gaap:IncreaseDecreaseInDeferredRevenue>
  <!--Increase in deferred revenue-->
  <us-gaap:IncreaseDecreaseInDeferredRevenue unitRef="u000" decimals="-3" contextRef="c00035">16616000</us-gaap:IncreaseDecreaseInDeferredRevenue>
  <!--Depreciation and amortization-->
  <us-gaap:DepreciationDepletionAndAmortization unitRef="u000" decimals="-3" contextRef="c00020">5722000</us-gaap:DepreciationDepletionAndAmortization>
  <!--Depreciation and amortization-->
  <us-gaap:DepreciationDepletionAndAmortization unitRef="u000" decimals="-3" contextRef="c00035">8707000</us-gaap:DepreciationDepletionAndAmortization>
  <!--Total liabilities and stockholders' equity-->
  <us-gaap:LiabilitiesAndStockholdersEquity unitRef="u000" decimals="-3" contextRef="c00028">790641000</us-gaap:LiabilitiesAndStockholdersEquity>
  <!--Total liabilities and stockholders' equity-->
  <us-gaap:LiabilitiesAndStockholdersEquity unitRef="u000" decimals="-3" contextRef="c00014">741202000</us-gaap:LiabilitiesAndStockholdersEquity>
  <!--Facility lease obligations-->
  <regn:FacilityLeaseObligationNoncurrent unitRef="u000" decimals="-3" contextRef="c00028">157359000</regn:FacilityLeaseObligationNoncurrent>
  <!--Facility lease obligations-->
  <regn:FacilityLeaseObligationNoncurrent unitRef="u000" decimals="-3" contextRef="c00014">109022000</regn:FacilityLeaseObligationNoncurrent>
  <!--Deferred revenue from sanofi-aventis-->
  <regn:DeferredRevenueFromRelatedPartyNoncurrent unitRef="u000" decimals="-3" contextRef="c00028">96168000</regn:DeferredRevenueFromRelatedPartyNoncurrent>
  <!--Deferred revenue from sanofi-aventis-->
  <regn:DeferredRevenueFromRelatedPartyNoncurrent unitRef="u000" decimals="-3" contextRef="c00014">90933000</regn:DeferredRevenueFromRelatedPartyNoncurrent>
  <!--Restricted cash-->
  <us-gaap:RestrictedCashAndCashEquivalentsNoncurrent unitRef="u000" decimals="-3" contextRef="c00028">3400000</us-gaap:RestrictedCashAndCashEquivalentsNoncurrent>
  <!--Restricted cash-->
  <us-gaap:RestrictedCashAndCashEquivalentsNoncurrent unitRef="u000" decimals="-3" contextRef="c00014">1600000</us-gaap:RestrictedCashAndCashEquivalentsNoncurrent>
  <!--Entity Filer Category-->
  <dei:EntityFilerCategory contextRef="c00035">Large Accelerated Filer</dei:EntityFilerCategory>
  <!--Entity Common Stock, Shares Outstanding-->
  <dei:EntityCommonStockSharesOutstanding unitRef="u001" decimals="0" contextRef="c00043">79931305</dei:EntityCommonStockSharesOutstanding>
  <!--Accumulated other comprehensive (loss) income-->
  <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax unitRef="u000" decimals="-3" contextRef="c00028">-306000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
  <!--Accumulated other comprehensive (loss) income-->
  <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax unitRef="u000" decimals="-3" contextRef="c00014">1044000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
  <!--Total current liabilities-->
  <us-gaap:LiabilitiesCurrent unitRef="u000" decimals="-3" contextRef="c00028">119571000</us-gaap:LiabilitiesCurrent>
  <!--Total current liabilities-->
  <us-gaap:LiabilitiesCurrent unitRef="u000" decimals="-3" contextRef="c00014">93575000</us-gaap:LiabilitiesCurrent>
  <!--Facility lease obligations, current portion-->
  <regn:FacilityLeaseObligationsCurrentPortion unitRef="u000" decimals="-3" contextRef="c00028">448000</regn:FacilityLeaseObligationsCurrentPortion>
  <!--Facility lease obligations, current portion-->
  <regn:FacilityLeaseObligationsCurrentPortion unitRef="u000" decimals="-3" contextRef="c00014">0</regn:FacilityLeaseObligationsCurrentPortion>

</xbrl>
</XBRL>
