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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net loss $ (29,497) $ (42,854)
Adjustments to reconcile net loss to cash used in operating activities:    
Noncash interest expense 581 222
Noncash rent (59) (60)
Noncash asset impairment charge 437  
Amortization of premium on marketable securities 217 225
Depreciation 200 169
Stock-based compensation 4,036 2,909
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 960 (948)
Accounts payable (1,141) (41)
Accrued expenses and other liabilities (1,846) 3,112
Net cash used in operating activities (26,112) (37,266)
Cash flows from investing activities:    
Purchases of short-term investments (27,204) (122,277)
Proceeds from the maturities of short-term investments 102,289 56,705
Purchase of property and equipment (70) (487)
Net cash provided by (used in) investing activities 75,015 (66,059)
Cash flows from financing activities:    
Net proceeds from issuance of common stock   3,997
Payments made for taxes of employees who surrendered shares related to settlement of restricted stock (16)  
Net cash provided by financing activities: 19 53,081
Net change in cash and cash equivalents 48,922 (50,244)
Cash and cash equivalents, beginning of period 29,798 80,042
Cash and cash equivalents, end of period 78,720 29,798
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,957  
Supplemental disclosure of noncash investing and financing activities:    
Net unrealized gain (loss) on marketable securities 38 (43)
2021 Convertible Notes [Member]    
Cash flows from financing activities:    
Proceeds from issuance of 2021 Convertible Notes   52,000
Payments of 2021 Convertible Notes issuance costs   (3,262)
Stock Option Plans [Member]    
Cash flows from financing activities:    
Proceeds from the issuance of common stock   191
Employee Stock Purchase Plan [Member]    
Cash flows from financing activities:    
Proceeds from the issuance of common stock $ 35 $ 155