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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2015
Property Plant And Equipment [Abstract]  
Property and Equipment

Property and equipment consists of the following:

 

 

 

Estimated

Useful Life

 

 

December 31,

2015

 

 

December 31,

2014

 

 

 

 

 

 

 

(in thousands)

 

Laboratory equipment

 

5 years

 

 

$

 

 

$

7,671

 

Computer equipment and software

 

3 years

 

 

 

187

 

 

 

3,913

 

Office furniture

 

5 years

 

 

 

 

 

 

893

 

Leasehold improvements

 

Shorter of asset’s useful life

or remaining term of lease

 

 

 

 

 

 

14,433

 

 

 

 

 

 

 

187

 

 

 

26,910

 

Less accumulated depreciation and amortization

 

 

 

 

 

(164

)

 

 

(15,615

)

Property and equipment, net

 

 

 

 

$

23

 

 

$

11,295