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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Collaboration revenue $ 12,500 $ 12,500 $ 25,000 $ 25,000
Total revenue 12,500 12,500 25,000 25,000
Operating expenses:        
Research and development 6,787,341 6,723,950 13,318,894 13,341,258
General and administrative 7,394,473 4,070,589 11,214,231 8,430,505
Total operating expenses 14,181,814 10,794,539 24,533,125 21,771,763
Loss from operations (14,169,314) (10,782,039) (24,508,125) (21,746,763)
Other income (expense), net:        
Interest income, net 207,514 184,494 397,049 336,965
Other expense, net (860) (6,573) (4,324) (64,149)
Net loss $ (13,962,660) $ (10,604,118) $ (24,115,400) $ (21,473,947)
Net loss per share -basic and diluted (in dollars per share) $ (0.33) $ (0.25) $ (0.57) $ (0.51)
Items included in other comprehensive income (loss):        
Unrealized loss on foreign currency translation   $ (1,597)   $ (1,281)
Unrealized gain (loss) on available-for-sale securities $ 65,509 (17,448) $ 175,645 117,068
Other comprehensive income (loss) 65,509 (19,045) 175,645 115,787
Comprehensive loss $ (13,897,151) $ (10,623,163) $ (23,939,755) $ (21,358,160)
Weighted-average number of common shares used in net loss per share calculation - basic and diluted (in shares) 42,178,537 41,939,052 42,144,182 41,898,702