XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
License revenue $ 10,570   $ 10,570  
Collaboration revenue 6,146 $ 1,552 12,978 $ 3,051
Total revenues 16,716 1,552 23,548 3,051
Operating expenses:        
Research and development 64,311 41,760 119,339 83,671
General and administrative 21,197 18,363 41,481 34,318
Change in fair value of contingent consideration (970) 1,404 463 2,417
Total operating expenses 84,538 61,527 161,283 120,406
Loss from operations (67,822) (59,975) (137,735) (117,355)
Interest (expense) income, net (2,242) 981 (687) 1,932
Other (expense) income, net (834) (76) (1,189) (66)
Loss before income taxes (70,898) (59,070) (139,611) (115,489)
Income tax benefit   226   371
Net loss $ (70,898) $ (58,844) $ (139,611) $ (115,118)
Net loss per share - basic and diluted: $ (1.73) $ (1.59) $ (3.41) $ (3.12)
Weighted-average number of common shares used in computing net loss per share - basic and diluted: 41,035 36,954 40,936 36,937
Other comprehensive (loss) income:        
Unrealized (loss) gain on available-for-sale securities, net of tax of $0.0 million for the three and six months ended June 30, 2017 and $0.2 and $0.9 million for the three and six months ended June 30, 2016, respectively $ (165) $ 330 $ (266) $ 1,649
Comprehensive loss $ (71,063) $ (58,514) $ (139,877) $ (113,469)