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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net loss $ (145,105) $ (99,059) $ (74,363)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation 1,410 970 252
Amortization of debt discounts 306 303 305
Amortization and accretion of premium or discount on investments, net 9 525 570
Acquisition of assets expensed to research and development 24,802 0 0
Stock-based compensation 26,078 16,794 12,945
Unrealized foreign exchange loss 601 0 0
Changes in operating assets and liabilities      
Prepaid, current and other assets (2,239) (1,852) (840)
Accounts payable, accrued expenses and other current liabilities 925 2,479 5,385
Net cash used in operating activities (93,213) (79,840) (55,746)
Cash flows from investing activities      
Acquisition of assets from Envisia (10,500) 0 0
Purchase of available-for-sale investments (104,490) (35,169) (46,872)
Proceeds from sales and maturities of investments 88,153 58,346 59,534
Purchase of property, plant and equipment (15,970) (5,077) (3,280)
Net cash (used in) provided by investing activities (42,807) 18,100 9,382
Cash flows from financing activities      
Proceeds from sale of common stock, net 134,215 167,383 50,451
Proceeds related to issuance of stock for stock-based compensation arrangements, net 1,429 1,242 1,387
Net cash provided by financing activities 135,644 168,625 51,838
Net change in cash and cash equivalents (376) 106,885 5,474
Cash and cash equivalents, at beginning of period 197,945 91,060 85,586
Cash and cash equivalents, at end of period 197,569 197,945 91,060
Supplemental disclosures      
Cash paid for interest 2,188 2,192 2,186
Cash paid for income taxes 0 1,790 600
Non-cash investing and financing activities:      
Capital lease obligation 689 0 0
Deferred costs from the sale of common stock 403 70 0
Build-to-suit lease transaction
Envisia Therapeutics Inc.      
Non-cash investing and financing activities:      
Equity issued for Envisia Asset Acquisition $ 14,302 $ 0 $ 0