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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Collaboration revenue $ 32,500 $ 32,500 $ 57,500 $ 57,500
Total revenue 32,500 32,500 57,500 57,500
Operating expenses:        
Research and development 5,985,230 6,581,458 19,304,124 19,922,716
General and administrative 2,987,168 3,776,575 14,201,399 12,207,080
Total operating expenses 8,972,398 10,358,033 33,505,523 32,129,796
Loss from operations (8,939,898) (10,325,533) (33,448,023) (32,072,296)
Other income (expense), net:        
Interest income, net 232,240 152,763 629,289 489,728
Other income (expense), net 262 171,062 (4,062) 106,913
Net loss $ (8,707,396) $ (10,001,708) $ (32,822,796) $ (31,475,655)
Net loss per share -basic and diluted (in dollars per share) $ (0.21) $ (0.24) $ (0.78) $ (0.75)
Items included in other comprehensive income (loss):        
Unrealized gain (loss) on foreign currency translation   $ 123   $ (1,158)
Unrealized gain (loss) and amounts reclassified to net loss on available-for-sale securities $ (64,606) 51,419 $ 111,039 168,487
Other comprehensive income (loss) (64,606) 51,542 111,039 167,329
Comprehensive loss $ (8,772,002) $ (9,950,166) $ (32,711,757) $ (31,308,326)
Weighted-average number of common shares used in net loss per share calculation - basic and diluted (in shares) 42,263,311 41,974,518 42,184,182 41,924,252