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Condensed Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Collaboration revenue $ 6,998,076  
Total revenues 6,998,076  
Operating expenses:    
Research and development 7,925,711 $ 4,698,462
General and administrative 2,763,025 2,576,127
Total operating expenses 10,688,736 7,274,589
Loss from operations (3,690,660) (7,274,589)
Other income (expense):    
Interest income 170,841 26,978
Interest expense (97,327) (17,500)
Other expense (5,599) (6,773)
Total other income 67,915 2,705
Net loss (3,622,745) (7,271,884)
Other comprehensive income (loss):    
Net unrealized (losses) gains on marketable securities (13,017) 9,643
Comprehensive loss $ (3,635,762) $ (7,262,241)
Net loss per share, basic and diluted $ (0.14) $ (0.35)
Weighted average shares outstanding used in computing net loss per share, basic and diluted 26,162,958 20,626,044