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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net loss $ (53,117) $ (54,323) $ (165,297)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 575 369 290
Stock-based compensation 7,534 8,454 8,452
Preferred stock issued in exchange for 2016 ECP amendment     118,936
Change in fair value of derivative liabilities (158) 1,295 124
Issuance of common stock in a license agreement     87
(Increase) decrease in:      
Receivables (1,845) 2 425
Prepaid expenses and other current assets (1,263) 3,992 (12,452)
Other noncurrent assets 3,942 (12,991)  
Increase (decrease) in:      
Accounts payable (3,709) 4,261 (1,852)
Accrued expenses (1,145) 800 203
Deferred revenue (146) (6,389) (6,861)
Deferred rent (125) (139) (380)
Net cash used in operating activities (49,457) (54,669) (58,325)
Cash flows from investing activities:      
Purchases of property and equipment (459) (737) (551)
Net cash used in investing activities (459) (737) (551)
Cash flows from financing activities:      
Proceeds from exercise of stock options 240 88 714
Issuance of restricted common stock   (2,059) (1,500)
Repurchase of common stock (1,622)   (2)
Proceeds from issuance of common stock, net   47,270  
Proceeds from underwritten financing 47,101    
Cash paid for settlement of related party relationship (5,408)    
Net cash provided by (used in) financing activities 40,311 45,299 (788)
Net decrease in cash and cash equivalents, and restricted cash (9,605) (10,107) (59,664)
Cash and cash equivalents, and restricted cash, beginning of period 71,334 81,441 140,717
Cash and cash equivalents, and restricted cash, end of period 61,729 71,334 81,441
Supplementary disclosure of cash flow information:      
Cash paid for interest 0 0 0
Cash paid for income taxes 0 0 0
Supplementary disclosure of noncash investing and financing activities:      
Noncash portion of related party relationship settlement 212,769    
Series 1 Preferred Stock      
Supplementary disclosure of noncash investing and financing activities:      
Payment of dividends in preferred stock $ 16,998 $ 18,938 7,123
Series 1 preferred stock issued as consideration for a license agreement     $ 119,045