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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Collaboration revenue $ 4,940 $ 6,250 $ 11,284 $ 12,500
Research and license fees   85   170
Total revenue 4,940 6,335 11,284 12,670
Operating expenses:        
Research and development 44,266 13,931 67,985 25,394
General and administrative 10,724 5,738 18,060 11,277
Change in fair value of contingent consideration 1,973   2,188  
Total operating expenses 56,963 19,669 88,233 36,671
Loss from operations (52,023) (13,334) (76,949) (24,001)
Other income, net 228 11 367 69
Loss before income taxes (51,795) (13,323) (76,582) (23,932)
Benefit from income taxes   11,797   11,797
Net loss (51,795) (1,526) (76,582) (12,135)
Other comprehensive loss:        
Unrealized gain on available-for-sale securities, net of tax 70   18  
Comprehensive loss $ (51,725) $ (1,526) $ (76,564) $ (12,135)
Net loss per share - basic and diluted: $ (1.57) $ (0.06) $ (2.34) $ (0.50)
Weighted-average number of common shares used in computing net loss per share - basic and diluted: 32,955 24,474 32,757 24,312