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STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Collaboration revenue $ 1,598 $ 1,598 $ 4,792 $ 5,264
Operating expenses:        
Research and development 11,105 8,975 33,903 148,402
General and administrative 3,571 3,537 10,946 11,058
Total operating expenses 14,676 12,512 44,849 159,460
Loss from operations (13,078) (10,914) (40,057) (154,196)
Other income (expense), net 175 39 299 102
Change in fair value of derivative liabilities 202 21 (1,292) 21
Net loss (12,701) (10,854) (41,050) (154,073)
Preferred stock dividends (4,903) (3,591) (13,939) (3,591)
Net loss applicable to common stockholders $ (17,604) $ (14,445) $ (54,989) $ (157,664)
Basic and diluted net loss per share $ (0.13) $ (0.11) $ (0.41) $ (1.21)
Weighted average common shares outstanding used to compute basic and diluted net loss per share 140,632,297 130,496,035 135,689,364 130,347,370