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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
License revenue $ 2,500   $ 13,070  
Collaboration revenue 5,211 $ 1,552 18,189 $ 4,603
Total revenues 7,711 1,552 31,259 4,603
Operating expenses:        
Research and development 61,545 63,971 180,464 147,642
General and administrative 22,982 14,623 64,463 48,941
Cost of license revenue 1,100   1,520  
Change in fair value of contingent consideration (258) 1,098 205 3,515
Total operating expenses 85,369 79,692 246,652 200,098
Loss from operations (77,658) (78,140) (215,393) (195,495)
Interest (expense) income, net (1,155) 937 (1,842) 2,871
Other (expense) income, net 8   (1,180) (68)
Loss before income taxes (78,805) (77,203) (218,415) (192,692)
Income tax benefit   178   549
Net loss $ (78,805) $ (77,025) $ (218,415) $ (192,143)
Net loss per share - basic and diluted: $ (1.73) $ (2.07) $ (5.14) $ (5.19)
Weighted-average number of common shares used in computing net loss per share - basic and diluted: 45,648 37,201 42,524 37,026
Other comprehensive (loss) income:        
Unrealized (loss) gain on available-for-sale securities, net of tax (benefit) expense of $0.0 million for the three and nine months ended September 30, 2017 and $(0.1) and $0.8 million for the three and nine months ended September 30, 2016, respectively $ (683) $ (194) $ (949) $ 1,455
Comprehensive loss $ (79,488) $ (77,219) $ (219,364) $ (190,688)