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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Collaboration revenue $ 0 $ 5,000 $ 15,000 $ 5,000
Operating expenses:        
Research and development 17,948 27,350 38,916 47,981
General and administrative 4,687 4,307 8,972 8,448
Total operating expenses 22,635 31,657 47,888 56,429
Loss from operations (22,635) (26,657) (32,888) (51,429)
Other income (expense), net:        
Interest expense 0 (281) 0 (601)
Interest income 1,061 2,957 2,958 5,945
Other income (expense), net 26 (41) 120 (34)
Total other income (expense), net 1,087 2,635 3,078 5,310
Loss before income taxes (21,548) (24,022) (29,810) (46,119)
Provision for income taxes 0 60 0 79
Net loss (21,548) (23,962) (29,810) (46,040)
Unrealized (loss) income on available for sale securities, net of tax of $0, $99, $0 and $214, respectively (392) 370 415 797
Comprehensive loss $ (21,940) $ (23,592) $ (29,395) $ (45,243)
Net loss per common share:        
Basic and diluted (in dollars per share) $ (0.79) $ (0.89) $ (1.09) $ (1.70)
Weighted-average number of shares outstanding:        
Basic and diluted (in shares) 27,279 27,026 27,271 27,004