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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net loss $ (18,598) $ (16,863)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 469 476
Stock-based compensation 2,147 1,776
Non-cash interest expense 195 300
Deferred income taxes 7 9
Non-cash tax expense from other unrealized loss on available-for-sale securities   768
Gain on sale of investment in marketable equity securities (18)  
Changes in operating assets and liabilities:    
Accounts receivable 1,285 1,708
Inventories (388) (488)
Other assets (310) (213)
Accounts payable 198 995
Accrued liabilities (1,724) (639)
Manufacturing and development obligations 76 (924)
Deferred product revenue 313 52
Net cash used in operating activities (16,348) (13,043)
Investing activities    
Capital expenditures (185) (43)
Purchases of investments (10,158) (50,544)
Proceeds from maturities and sale of investments 16,018 5,500
Net cash provided by (used in) investing activities 5,675 (45,087)
Financing activities    
Net proceeds from equity incentives 422 698
Net (payments for) proceeds from public offering (30) 7,199
Repayment of debt (1,271) (32)
Net cash (used in) provided by financing activities (879) 7,865
Net decrease in cash, cash equivalents and restricted cash (11,552) (50,265)
Cash, cash equivalents and restricted cash, beginning of period 22,744 71,630
Cash, cash equivalents and restricted cash, end of period $ 11,192 $ 21,365