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Condensed Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
License and milestone fees   $ 302   $ 302
Collaborative revenue $ 874 526 $ 1,363 677
Clinical compound revenue   132   159
Total revenue 874 960 1,363 1,138
Operating expenses:        
Research and development 4,684 3,200 8,069 5,401
General and administrative 1,922 1,472 3,744 2,870
Total operating expenses 6,606 4,672 11,813 8,271
Operating loss (5,732) (3,712) (10,450) (7,133)
Interest income 13 56 27 78
Loss before benefit from income taxes (5,719) (3,656) (10,423) (7,055)
Benefit from income taxes 35 11 50 27
Net loss $ (5,684) $ (3,645) $ (10,373) $ (7,028)
Net loss per share -Basic and Diluted $ (0.25) $ (0.16) $ (0.45) $ (0.37)
Weighted average shares:        
Basic and Diluted 22,828,612 22,608,324 22,818,601 19,150,412