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Statements of Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Collaborations, licenses and milestones   $ 12,500   $ 16,000
Operating expenses        
Research and development $ 23,332 16,919 $ 49,418 31,967
General and administrative 4,958 4,091 9,520 8,903
Total operating expenses 28,290 21,010 58,938 40,870
Loss from operations (28,290) (8,510) (58,938) (24,870)
Other income (expenses)        
Interest income 2,486 1,038 3,643 2,095
Interest expense (3) (3) (6) (5)
Other income (expense) (62) 30 (60) 30
Total other income, net 2,421 1,065 3,577 2,120
Loss before income taxes (25,869) (7,445) (55,361) (22,750)
Income tax expense   280   450
Net loss (25,869) (7,725) (55,361) (23,200)
Other comprehensive loss        
Net unrealized gain (loss) on marketable securities 193 (44) (200) 201
Comprehensive loss $ (25,676) $ (7,769) $ (55,561) $ (22,999)
Net loss per share attributable to common shareholders:        
Basic and diluted net loss (in dollars per share) $ (0.46) $ (0.17) $ (1.07) $ (0.50)
Weighted average shares used to compute net loss per share attributable to common stockholders:        
Basic and diluted (in shares) 55,678,990 46,767,759 51,738,348 46,683,744