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STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Collaboration revenue   $ 1,597 $ 146 $ 3,194
Operating expenses:        
Research and development $ 7,489 10,831 17,672 22,798
General and administrative 4,889 3,780 11,048 7,375
Total operating expenses 12,378 14,611 28,720 30,173
Loss from operations (12,378) (13,014) (28,574) (26,979)
Other income (expense), net 164 86 312 124
Change in fair value of derivative liabilities 183 66 211 (1,494)
Net loss (12,031) (12,862) (28,051) (28,349)
Preferred stock dividends (5,462) (4,865) (10,582) (9,036)
Net loss applicable to common stockholders $ (17,493) $ (17,727) $ (38,633) $ (37,385)
Basic and diluted net loss per share $ (0.12) $ (0.13) $ (0.27) $ (0.28)
Weighted average common shares outstanding used to compute basic and diluted net loss per share 141,017,898 135,630,210 140,935,964 133,176,934