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CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Collaboration revenue $ 14,465 $ 12,500 $ 30,320 $ 25,000
Total revenue 14,465 12,500 30,320 25,000
Operating expenses:        
Research and development 7,624,495 8,655,021 12,879,560 16,649,493
General and administrative 4,631,981 3,305,284 8,409,527 7,050,546
Total operating expenses 12,256,476 11,960,305 21,289,087 23,700,039
Loss from operations (12,242,011) (11,947,805) (21,258,767) (23,675,039)
Other income, net:        
Interest income, net 720,408 233,682 1,133,305 469,133
Other expense, net (43,040) (30,605) (41,827) (27,407)
Net loss $ (11,564,643) $ (11,744,728) $ (20,167,289) $ (23,233,313)
Net loss per share -basic and diluted (in dollars per share) $ (0.17) $ (0.28) $ (0.32) $ (0.55)
Items included in other comprehensive income:        
Unrealized gain (loss) and amounts reclassified to net loss on available-for-sale securities $ 44,819 $ 19,014 $ 30,109 $ 6,333
Other comprehensive income 44,819 19,014 30,109 6,333
Comprehensive loss $ (11,519,824) $ (11,725,714) $ (20,137,180) $ (23,226,980)
Weighted-average number of common shares used in net loss per share calculation - basic and diluted (in shares) 69,712,883 42,503,584 62,397,454 42,469,337