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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue:        
Collaboration revenue $ 6,250 $ 6,251 $ 18,750 $ 13,542
Research and license fees 115 134 285 304
Total revenue 6,365 6,385 19,035 13,846
Operating expenses:        
Research and development 16,649 8,706 42,043 21,237
General and administrative 6,648 3,836 17,924 9,441
Change in fair value of contingent consideration 78   78  
Total operating expenses 23,375 12,542 60,045 30,678
Loss from operations (17,010) (6,157) (41,010) (16,832)
Other income (expense), net (20) 44 48 (408)
Loss before income taxes (17,030) (6,113) (40,962) (17,240)
Benefit from income taxes     11,797  
Net loss (17,030) (6,113) (29,165) (17,240)
Other comprehensive loss:        
Unrealized loss on available-for-sale securities, net of tax (74)   (74)  
Comprehensive loss $ (17,104) $ (6,113) $ (29,239) $ (17,240)
Net loss per share - basic and diluted: $ (0.61) $ (0.26) $ (1.14) $ (1.96)
Weighted-average number of common shares used in computing net loss per share - basic and diluted: 28,115 23,623 25,593 8,786