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STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Collaboration Revenue $ 4,332 $ 1,373 $ 800
Operating expenses:      
Research and development 106,785 32,706 42,852
General and administrative 17,647 12,166 15,661
Total operating expenses 124,432 44,872 58,513
Loss from operations (120,100) (43,499) (57,713)
Other income (expense), net 12 (5) (579)
Change in fair value of warrants   11,723 1,185
Net loss $ (120,088) $ (31,781) $ (57,107)
Basic and diluted net loss per share $ (0.96) $ (0.31) $ (0.66)
Weighted average common shares outstanding used to compute basic and diluted net loss per share 125,416,084 101,130,710 85,943,175