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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
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 4,089,677 5,985,230 20,739,170 19,304,124
General and administrative 3,011,176 2,987,168 10,061,722 14,201,399
Acquired in-process research and development 16,493,132   16,493,132  
Total operating expenses 23,593,985 8,972,398 47,294,024 33,505,523
Loss from operations (23,561,485) (8,939,898) (47,236,524) (33,448,023)
Other income (expense), net:        
Interest income, net 264,932 232,240 734,065 629,289
Other income (expense), net 29,735 262 2,328 (4,062)
Net loss $ (23,266,818) $ (8,707,396) $ (46,500,131) $ (32,822,796)
Net loss per share -basic and diluted (in dollars per share) $ (0.55) $ (0.21) $ (1.09) $ (0.78)
Items included in other comprehensive income (loss):        
Unrealized gain (loss) on available-for-sale securities $ 30,303 $ (64,606) $ 36,636 $ 111,039
Other comprehensive income (loss) 30,303 (64,606) 36,636 111,039
Comprehensive loss $ (23,236,515) $ (8,772,002) $ (46,463,495) $ (32,711,757)
Weighted-average number of common shares used in net loss per share calculation - basic and diluted (in shares) 42,636,567 42,263,311 42,525,693 42,184,182