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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net loss $ (41,359) $ (49,099)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,109 1,359
Stock-based compensation 7,579 7,008
Non-cash interest expense 892 282
Loss on disposal of property and equipment 5  
Deferred income taxes 2 19
Non-cash tax expense from other realized gain on available-for-sale securities   3,825
Gain on sale of investment in marketable equity securities   (3,466)
Changes in operating assets and liabilities:    
Accounts receivable 1,939 (3,608)
Inventories 1,043 (1,800)
Other assets (2,724) (379)
Accounts payable 3,020 4,022
Accrued liabilities and other non-current liabilities 4,457 (1,477)
Manufacturing and development obligations (187) 600
Deferred product revenue 73 514
Net cash used in operating activities (24,151) (42,200)
Investing activities    
Capital expenditures (624) (354)
Purchases of investments (80,453) (50,183)
Proceeds from maturities and sale of investments 30,002 55,566
Net cash (used in) provided by investing activities (51,075) 5,029
Financing activities    
Net proceeds from equity incentives 7,150 2,421
Net proceeds from public offering 79,301 18,840
Proceeds from loans   30,000
Repayment of debt (99) (19,593)
Net cash provided by financing activities 86,352 31,668
Net increase (decrease) in cash, cash equivalents and restricted cash 11,126 (5,503)
Cash, cash equivalents and restricted cash, beginning of period 13,930 22,744
Cash, cash equivalents and restricted cash, end of period $ 25,056 $ 17,241