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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Costs and Expenses:                      
Research and development $ 19,881 $ 20,424 $ 19,525 $ 18,198 $ 24,550 $ 20,946 $ 24,479 $ 13,299 $ 78,028 $ 83,274 $ 50,630
Selling, general and administrative 7,066 2,728 7,394 4,606         21,794 11,004 11,681
General and administrative         3,041 2,506 2,279 3,178      
Loss from Operations (26,947) (23,152) (26,919) (22,804) (27,591) (23,452) (26,758) (16,477) (99,822) (94,278) (62,311)
Other Income /(Loss):                      
Interest and investment income/(expense), net (3,469) (4,291) (5,207) (4,317) (2,511) 19 (1) 29 (17,284) (2,875) 38
Tax credits             83     83  
Change in fair value of derivative instruments-warrants (30) 1,446 (1,542) (268) (42) 425 756 223 (394) 1,362 149
Total Other Income /(Loss) (3,499) (2,845) (6,749) (4,585) (2,964) 444 838 252 (17,678) (1,430) 187
Net loss $ (30,446) $ (25,997) $ (33,668) $ (27,389) $ (30,555) $ (23,008) $ (25,920) $ (16,225) $ (117,500) $ (95,708) $ (62,124)
Weighted Average Common Shares Outstanding                      
Basic and diluted (in shares) 113,678,306 111,328,339 100,343,637 96,683,525 96,190,332 94,738,048 94,069,703 92,056,124 105,570,960 94,276,178 85,220,458
Net Loss per Common Share, Basic and Diluted                      
Net Loss per Common Share, basic and diluted (in dollars per share) $ (0.27) $ (0.23) $ (0.34) $ (0.28) $ (0.32) $ (0.24) $ (0.28) $ 0.18 $ (1.11) $ (1.02) $ (0.73)