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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net revenues from collaborators $ 47,159,000 $ 41,097,000 $ 50,561,000
Operating expenses:      
Research and development [1] 382,392,000 276,495,000 190,249,000
In-process research and development     220,766,000
General and administrative [1] 89,354,000 60,610,000 44,526,000
Total operating expenses 471,746,000 337,105,000 455,541,000
Loss from operations (424,587,000) (296,008,000) (404,980,000)
Other income:      
Interest income 8,308,000 5,859,000 2,559,000
Other income 6,171,000 76,000 1,817,000
Total other income 14,479,000 5,935,000 4,376,000
Loss before income taxes (410,108,000) (290,073,000) (400,604,000)
Benefit from income taxes 0 0 40,209,000
Net loss $ (410,108,000) $ (290,073,000) $ (360,395,000)
Net loss per common share — basic and diluted $ (4.79) $ (3.45) $ (4.85)
Weighted-average common shares used to compute basic and diluted net loss per common share 85,596 83,992 74,278
Comprehensive loss:      
Net loss $ (410,108,000) $ (290,073,000) $ (360,395,000)
Unrealized (loss) gain on marketable securities, net of tax (30,833,000) (44,394,000) 31,127,000
Reclassification adjustment for realized gain on marketable securities included in net loss (6,977,000)   (2,081,000)
Comprehensive loss $ (447,918,000) $ (334,467,000) $ (331,349,000)
[1] Non-cash stock-based compensation expenses included in operating expenses are as follows: Research and development $42,946 $27,086 $18,233 General and administrative 32,582 18,697 14,828